Premier Li Keqiang led a State Council meeting and sent out a clear signal of another round of policy easing for the second time this year, says a research report by Gao Hua Economics Research. The State Council meeting laid out a few initiatives, including accelerating major investment projects outlined in the 13th Five-Year Plan, […]
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.
Singaporean real estate firm City Developments Ltd. has made a strategic investment in Mamahome, a short-term serviced apartment O2O (online-to-offline) platform, to help the start-up improve products and expand internationally. Backed by Zhongfu Investment Group and E-House (China) Holdings, Mama Home says the investment is worth around RMB100 million (US$15 million). City Developments Ltd. will […]
The approval of the Shenzhen–Hong Kong (SZ-HK) Connect by China’s State Council came with a muted market response, which could overshadow what is likely a more favorable outlook for Chinese equities, the economy and investor risk appetite. Similar to the Shanghai-Hong Kong Connect that allows foreign and Chinese investors to trade on and offshore Chinese […]
Chinese television and gaming company Perfect World Co., Ltd. has agreed to acquire a struggling cinema chain Antaeus Cinema Line for an undisclosed amount, adding another deal to an active China cinema M&A market this year. In a regulatory disclosure filing (in Chinese), Shenzhen-listed Perfect World says it will acquire three units controlled by the […]
The parent company of Chinese travel service provider Lvmama has raised as much as RMB1 billion (US$150 million) via a private share placement to a number of Chinese investors, as the company continues to suffer from expanding losses. Nanjing Fullshare Industrial Holding Group led the investment, buying RMB700 million worth of shares at RMB61.05 a […]