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 completion an undisclosed series C funding round from Joy Capital, Welkin Capital Management, Far East Horizon Limited, and Haitong Securities Co., according to a company announcement. Existing investors Legend Capital and Qiming Venture Partners also participated. Tuhu will use the proceeds to continue its growth […]

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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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A 62-year-old man has died after the van he was driving lost control and rammed into the central divider on Sha Tau Kok Road in Sheung Shui today.

The incident occurred at about 3.40pm.

The driver was sent to North District Hospital where he later died.

Witnesses should call Police on 3661 3800.