China's most fundamental revamp of public finances since the early 1990s is likely to benefit Chinese sovereign creditworthiness over time, says a report by credit rating firm, Standard & Poor's Ratings Services. "The ability of provincial governments to issue domestic bonds could reduce the risk of contingent liabilities to the central government from the banking […]

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Shanghai-based e-commerce service provider Baozun Inc. has filed for an initial public offering in the U.S., proposing to raise as much as US$200 million, according to a regulatory filing. Details of the IPO have not been determined. Founded in 2007, Baozun received investment from a series of investors from 2009 to 2012. As a result, […]

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Consumer complaints during the first quarter of 2015 for Internet shopping increased by 174.4% year-on-year to 24,100 cases, according to statistics published by State Administration for Industry and Commerce of China. The State Administration revealed that China's nationwide industry and commerce administrative units received a total of 1.701 million consumer complaints, reports and inquiries in […]

The Government today issued the Amber Outbound Travel Alert for South Africa.

Hong Kong people planning to visit the country or who are already there should monitor the situation, exercise caution, attend to personal safety and avoid protests and large gatherings of people.

The Security Bureau is monitoring the situation and will issue updates through the media and its website.

Those who need assistance can call the Immigration Department on (852) 1868, or the Chinese Embassy in South Africa (Consular protection hotline) on (0027) 785857708.

China's central bank announced a 100 basis points cut in the bank reserve requirement ratio (RRR) yesterday, which means some monetary easing, but does not necessarily amount to stimulative measures, says a research report by UBS AG. The RRR cut will certain increase liquidity provision, but it serves largely to offset the drop in forex […]

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Shanghai-based online rebate and flash sale firm Fanli Inc. has completed an undisclosed series C financing round led by Japanese electronic commerce and Internet firm Rakuten, Inc. at a valuation of US$1 billion, according to a company announcement. Rakuten has taken a less than 10% stake in Fanli. Kevin H. Johnson, CEO of Ebates, a […]

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