Singapore's sovereign wealth fund Temasek Holdings exited its entire stake in New China Life Insurance (NCI) last week for a total of proceeds of US$276 million, according to media reports. It sold 78 million shares at HK$27.45 per share, representing a 5.5% discount to the Hong Kong-listed firm's closing price last Friday at HK$29.05. Goldman […]

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Singapore's sovereign wealth fund Temasek Holdings exited its entire stake in New China Life Insurance (NCI) last week for a total of proceeds of US$276 million, according to media reports. It sold 78 million shares at HK$27.45 per share, representing a 5.5% discount to the Hong Kong-listed firm's closing price last Friday at HK$29.05. Goldman […]

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.

Beijing-based big data technology developer and service provider Baifendian Corporation has received US$25 million in series C financing, according to the company’s announcement. Details of the round's investors are not disclosed. Baifendian previously received US$10 million series B financing from Zhejiang Shinkansen Media Investment and IDG Capital Partners in July 2013. Two years before that, […]

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.

Beijing-based big data technology developer and service provider Baifendian Corporation has received US$25 million in series C financing, according to the company’s announcement. Details of the round's investors are not disclosed. Baifendian previously received US$10 million series B financing from Zhejiang Shinkansen Media Investment and IDG Capital Partners in July 2013. Two years before that, […]

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.

A Chinese herb dispensary salesperson was found guilty today at Kowloon City Magistrates' Courts of contravening the Trade Descriptions Ordinance, and sentenced to 100 hours of community service.

Customs officers conducted an undercover test purchase at a Tsim Sha Tsui Chinese herb dispensary in March after receiving a complaint.

The salesperson intentionally avoided providing the unit price, misleading customers into believing that the price was measured in taels, when it was measured in maces.

The actual price was 10 times more than the customer expected.

The maximum penalty for the offence is a $500,000 fine and five years imprisonment.

Call 2545 6182 to report unfair trade practices.

As China deepens financial reforms to allow the RMB exchange rate to be more flexible and provide growing liquidity, the pricing of onshore and offshore RMB markets will converge over the medium to long term, according to a research report by Deutsche Bank AG. In the first half of 2014, China has improved the offshore […]

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