Renminbi shift seen opening door to further weakness

The Arabic word jihad – once used to describe the duty of all Muslims to act according to their faith – has long had a more malign connotation: the waging of holy war. With the rise of the Islamic State, another term has been refashioned for inclusion in the lexicon of extremist violence.

In their country's parliamentary election this month, Sri Lankan voters will effectively decide whether their country should kowtow to China’s regional ambitions or shape its own destiny by promoting an independent foreign policy and an open economy. One hopes that they choose the latter option.

Worries about a drastic weakening of currency overplayed

Biggest one-day move since 1993 a dangerous one, analysts warn

China’s new RMB loans rose sharply to RMB1.48 trillion in July, up from RMB1.28 trillion recorded in June, as stock market rescue policy lifted new loan numbers. Total social financing aggregate declined sharply to RMB718.8 billion in July, down from June's RMB1.86 trillion. China's M2 growth accelerated to 13.3% in July, up from 11.8% in […]

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Goldman Sachs and TPG have sold U.K. hotel company Kew Green Hotels to a subsidiary of Hong Kong-based China National Travel Service (HK) Group Corporation (CNTS), according to a company announcement. Deal price is not disclosed, but media reports say that it could be worth around US$625 million. The Chinese travel services firm, through its […]

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Shanghai-based automobile after-sales products and services e-commerce platform Tuhu has completed its series C funding round from Joy Capital, Welkin Capital Management, Far East Horizon Limited, and Haitong Securities Co., according to a company announcement. The company raised approximately US$100 million in the latest round, says a company representative. Existing investors Legend Capital and Qiming […]

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Escalation of ‘currency wars’ or welcome gesture towards market reform and financial liberalisation?

Escalation of ‘currency wars’ or welcome gesture towards market reform and financial liberalisation?

China-focused venture capital firm Banyan Capital has raised RMB560 million US$88.5 million for its second RMB fund, according to Chinese media reports. The new fund will take the firm's asset-under-management up to over US$800 million. Banyan Capital raised its first U.S. dollar fund with commitments of over US$200 million in January 2014. Six months later, […]

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Biggest one-day change since 1993 catches markets off guard

China's online-to-offline opportunities have reached a new level with investment from China's top e-commerce firm into one of China's leading retail chains. China's Alibaba Group Holding Limited will invest approximately CNY28.3 billion for a 19.99% stake in Suning Commerce Group Limited. After the closing of the investment in Suning, Alibaba will be the second-largest shareholder […]

China's Alibaba Group Holding Limited will invest approximately CNY28.3 billion for a 19.99% stake in Suning Commerce Group Limited. After the closing of the investment in Suning, Alibaba will be the second-largest shareholder in the…

Soaring Chinese output is causing trade friction as rivals claim Beijing’s tax loopholes offer unfair advantage