Beijing-based online car rental services platform Yongche plans to establish an offline car rental services arm to complement its existing online car reservation services and financial leasing services, according to unverified Chinese media reports. Yongche has reportedly raised RMB8 billion (US$1.3 billion) for the effort, but representatives of Yongche did not respond to inquires to […]

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Shanghai-based drug developer Hua Medicine has received US$25 million series B financing led by Hong Kong and U.S.-based healthcare investment firm Ally Bridge Group, according to a company announcement. Arch Venture Partners, Venrock, WuXi PharmaTech, SAIL Capital Partners, Fidelity Biosciences, TF Capital, and Frontline BioVentures also participated in the round, according to Ally Bridge's website. […]

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Shanghai-based Chinese online travel services group Ctrip.com International, Ltd. has acquired a majority stake in UK-based online low cost carrier travel content provider Travelfusion for an undisclosed amount, according to a company announcement. The value for the investment is reportedly over US$100 million. Ctrip did not respond to inquires for confirmation of the figure. Aggregating more […]

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China consumer price index (CPI) increased 1.5% year-on-year in December, up by 0.1 percentage points from the previous month, driven by higher fresh food prices, according to data released by China's National Bureau of Statistics. Producer price index (PPI) was below market consensus, declining 3.3% year-on-year in December, compared with November's 2.7% drop. The gauge […]

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Beijing, China, January 9, 2015 /ChinaNewswire.com – Xinwengao.com/ – Duxes is holding the 7th Anti-Corruption Compliance in China Summit 2015 next May 28-29 in order to analyze the latest developments in the field and to provide multinational corporations with insights into the latest progress and developments in the anti-corruption movement and to give a useful … >>>

This press release has been syndicated from China Newswire – Social Media Content Marketing Press Releases For China

At the end of 2014, Chinese A-share's total margin balance as a percentage of total market cap reached a 2.4%, among the highest in the world and on par with that of the New York Stock Exchange and much higher than other markets with data available, according to a research report from BofA Merrill Lynch […]

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The internationalization of China's RMB continued to progress quickly in 2014, and will keep its fast pace in 2015 and into the future to become a major trading and reserve currency by the end of the decade, says a report by the Australia and New Zealand Banking Group Limited (ANZ). The People’s Bank of China […]

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Customs officers seized 65 motorcycles valued at about $4.2 million from three containers, and arrested two men, aged 46 and 29, last month, in the largest motorcycle smuggling case in a decade.

Officers found 20 unmanifested motorcycles and 111 tyres in a suspicious container declared as containing scrap metal, which arrived from Australia. Follow-up investigations led to the seizure of another 45 motorcycles and 82 tyres from two other containers arriving from Australia.

Under the Import & Export Ordinance, anyone found guilty of importing unmanifested cargoes can be fined up to $2 million and jailed up to seven years.

The Monetary Authority has issued an alert on a fraudulent website which purports to be the official website of Hang Seng Bank.

Its domain name is http://hsplbk.com/bank.hangseng.com/1/2/personal/private-banking/private-banking.html.

The bank clarified it has no connection with the site.

For enquiries, please contact the Police at 2860 5012.