FINANCE & ECONOMICS

Central Bank Props up Offshore Yuan in Hong Kong
The People's Bank of China supports the country's currency and fends off short sellers in the world's largest overseas yuan market
By staff reporters Li Yuqian and Yang Gang 01.26.2016
Internet Company Treats 2,000 Employees to Cruise as Holiday Present

Internet Company Treats 2,000 Employees to Cruise as Holiday Present

New York-listed Cheetah Mobile took its staff on a six-day voyage to South Korea and Japan before Spring Festival

02.04.2016
NDRC Said to Have Plan to Cut Steelmaking Capacity over Five Years

NDRC Said to Have Plan to Cut Steelmaking Capacity over Five Years

Economic planner wants local governments to show they are listening by videotaping the dismantling of factories, one drafter of plan says

02.03.2016
Service Sector Has Good Start to Year, Caixin China PMI Shows

Service Sector Has Good Start to Year, Caixin China PMI Shows

Index for January came in at 52.4 points, the highest figure in the past six months

02.03.2016
More Insiders Said to Be Linked to Agricultural Bank Scandal

More Insiders Said to Be Linked to Agricultural Bank Scandal

Theft of 4 billion yuan worth of bills of exchange would have required cooperation of several bank employees, sources say

02.02.2016
Executives among Those Held over 50 Bln Yuan Scam, Xinhua Says

Executives among Those Held over 50 Bln Yuan Scam, Xinhua Says

Police detain 21 people employed by P2P lender Ezubo, which is accused of bilking hundreds of thousands of small investors

02.02.2016
Manufacturing Slows Again to Start 2016, with Caixin China PMI at 48.4

Manufacturing Slows Again to Start 2016, with Caixin China PMI at 48.4

New orders continued to shrink, but by the lowest rate in seven months

02.01.2016
Government Edges toward Promised Tax Reform

Government Edges toward Promised Tax Reform

Long-awaited changes that cut burdens on businesses but require more from property owners and polluters may be pushed forward this year

01.28.2016
More Banks Said to Be Allowed to Buy Special Bonds for Building Projects

More Banks Said to Be Allowed to Buy Special Bonds for Building Projects

Commercial banks, social security fund managers and insurance firms to be allowed to make purchases through private placements, source says

01.28.2016
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