A Valentine’s day contest sent seven gay couples to the US to marry, paid for by a bedding merchant
2016-02-29
Required reserve ratio cut for first time since October
2016-02-29
In a largely dollarized world economy, the only certain tool for avoiding liquidity crises is a lender of last resort in dollars, and that lender is the US Federal Reserve. The sooner the US and the rest of the world fully recognize this, the safer the…
2016-02-29
London-headquartered Actis has sold its minority stake in Plateno Hotel Group, formerly 7 Days Group, to Shanghai JinJiang International Hotels Development Co., Ltd., according to a company announcement. JinJiang Hotels has acquired an 81% stake in Plateno at an enterprise value exceeding RMB10 billion (US$1.53 billion) in a transaction including other undisclosed selling shareholders. Following […]
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2016-02-29
China’s central bank announced this evening that it will cut the reserve requirement ratio (RRR) by 50 basis points, effective tomorrow on 1 March 2016. The RRR cut came amid the recent capital outflow and soft economy, and will immediately inject about RMB650 billion (US$99 billion)into the banking system, alleviating the liquidity drain, says a […]
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2016-02-29
Shunwei Capital Partners has led a series B financing round worth around US$10 million for Kuaifawu.com, a one-stop legal services start-up based in Beijing, according to a company announcement (in Chinese). Existing investor Ceyuan Ventures also participated. Founded in June 2014, Kuaifawu.com provides company registration, taxation, patent and trademark registration to Chinese start-ups, as well […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2016-02-29
Wreckers move in without warning to remove imperial-style arch at Beijing headquarters
2016-02-29
Syria is currently the world’s greatest humanitarian catastrophe and most dangerous geopolitical hotspot. If the fighting is to stop, any solution must be based on a transparent and realistic account of what caused it to start.
2016-02-29
Business leaders gripped by drama of move to silence ‘The Cannon’
2016-02-29
Video confessions show four of five publishers in Chinese custody saying they circumvented rules
2016-02-29
KKR says that its chief operating officer in Asia Scott Bookmyer will take direct responsibility for KKR Australia, effective July 1, 2016, and will relocate to Sydney from Hong Kong. Bookmyer will remain COO of KKR Asia Pacific, in which he oversees core elements of KKR’s business operations and various strategic initiatives, the company said […]
Visit ChinaMoneyNetwork.com for more daily finance news, including audio and video Internet podcasts covering important investment news and financial events in China. Follow us on Twitter @chinamoneypod subscribe to all episodes on iTunes.
2016-02-29
Examination of cosmetics marketing dilemma scoops teaching award
2016-02-29
Beijing’s launches latest bid to stem capital outflows and shore up renminbi
2016-02-28
Ren Zhiqiang’s social media accounts shut down by internet watchdog
2016-02-28
Apple made big news last week when its mobile payment service Apple Pay entered China. But China's upstart mobile phone …
2016-02-26
SAIF Partners is reportedly targeting US$800 million for its fifth U.S. dollar fund, more than five years after its last U.S. dollar vehicle was closed, according to media reports citing insiders. The fund has a hard cap of US$1 billion, and will continue to focus on growth investments in the technology, healthcare and clean tech […]
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2016-02-26
Hangzhou-based courier service firm Tian Tian Express has raised a RMB600 million (US$92 million) series A funding round led by CICC Qianhai Development Fund, according to China's official Xinhua News Agency. Other investors include Haier Venture Capital, Qingdao Haier's corporate venture arm, and Zhejiang Chengxiang Investments. The company says it will use the proceeds on […]
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2016-02-26
Finance ministers and central bankers diverge on issues from Nirp and stimulus