The author is ANZ greater China chief economist Liu Li-Gang China will loosen the loan-to-deposit ratio (LDR) for commercial banks in order to channel more credit to the targeted areas, the China Banking Regulatory Commission (CBRC) said on 30 June. The new rule will be effective from 1 July. According to the new regulation, six […]

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Xiamen-based Chinese mobile app maker Meitu has completed US$10 million series C financing, according to Chinese news reports. Existing investor Qiming Ventures participated in the round, but the identities of other investors were not disclosed. Meitu, which means "beautiful pictures" in Chinese, previously received tens of millions RMB in series A financing from Sina Weibo, […]

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Those who fear that the Federal Reserve's monetary approach has greatly deepened the US economy’s malaise have lost the domestic policy argument. But there is another policy argument that needs to be joined, because the Fed's responsibility is global in nature.

Denying reality, US and British neoconservatives apparently believe that recent events justify their view that their war of choice in Iraq would have been a great success had there only been more of it. But the neocons are not entirely misguided.

Three former Soviet republics – Georgia, Moldova, and Ukraine – have now signed association agreements with the European Union, despite Russia’s sometimes brutal attempts to obstruct the process. It would be naive to think that Russia will give up so easily.

GGV Capital and China's Legend Capital joined other investors in a US$50 million round for San Francisco-based mobile shopping app called Wish, according to media reports. Founders Fund, Yahoo! co-founder Jerry Yang and Formation 8 are the other participating investors. The round reportedly values the start-up at US$400 million. Founded in 2010, Wish now has […]

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This is a summary of remarks made by Claudio Borio, head of the monetary and economic department at the Bank for International Settlements Some seven years after the financial crisis broke out, the global economy is still under its shadow. Growth has picked up, but a sustainable and balanced expansion may yet prove elusive. Contrasts […]

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The author is Nomura economist Zhang Zhiwei The municipal government of Hohhot, the capital city of Inner Mongolia, announced the abolition of the local resident purchase requirement (LRPR) for property. It is the first city to officially abolish the LRPR. We believe that the decision – which entails the implicit approval of the central government […]

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The appointments of RMB clearing banks in London and Frankfurt by the People's Bank of China last week is another major policy milestone in the Chinese currency's internationalization process. There is substantial growth potential for offshore RMB business in Europe, says a report by Deutsche Bank. The latest two new locations join the existing five […]

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China Everbright Limited (CEL) has agreed to invest approximately US$227 million in Chongqing-based and Singapore-listed Chinese property developer Ying Li International Real Estate Limited, as part of a broad range strategic partnership agreement, according to an announcement made by CEL. A wholly-owned subsidiary of CEL, Everbright Hero Holdings Limited, will complete the transaction in two […]

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Chinese Internet services giant Tencent Holdings Ltd. has agreed to invest US$736 million in New York Stock Exchange-listed Chinese Craigslist-like platform 58.com Inc. to take an approximately 19.9% equity interest in 58.com on a fully-diluted basis, according to a joint announcement. Tencent has agreed to purchase 36,805,000 class A and B ordinary shares at a […]

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Wal-Mart is taking food safety and product quality seriously as it enlarges its monetary commitment towards consumer health in China. Paul Gallemore, chief compliance officer of Wal-Mart China, announced that after the company's decision to invest CNY100 million in food safety from 2013 to 2015, Wal-Mart plans to further increase its investment and the total […]

Paul Gallemore, chief compliance officer of Wal-Mart China, announced that after the company's decision to invest CNY100 million in food safety from 2013 to 2015, Wal-Mart plans to further increase its investment and the total investment over the three years is expected to reach over CNY300 million, which triples the original planned amount. Gallemore said […]

China Unicom held a foundation stone laying ceremony for its Hong Kong data center, in which the company will invest CNY3 billion. The company will invest CNY3 billion to build a communications hub building in Hong Kong's Tseung Kwan O. This new building will be used as data center to enhance China Unicom's network services […]

GSK confirms existence of video of Reilly with Chinese girlfriend apparently filmed in bedroom of his Shanghai flat using covert camera

The firing of two missiles appears to be a reaction to Chinese president’s decision to break tradition by visiting South Korea before North Korea