Asia Economy news, Markets and Business Trends - Made-in-China.com

China to Roll out New Board in 2016

Dec 28, 2015

China has announced it's setting up a new Strategic Emerging Industry Board to attract domestic innovators to seek funding in Chinese exchanges instead of going abroad. Fang Haixing, a deputy chairman of the China Securities Regulatory ...

Tags: New Board

Chinese Banks Required to Open Real-Name Accounts

Dec 28, 2015

Chinese commercial bank must verify the identify of clients when they open personal bank accounts to make sure they are using their real names, a circular showed Friday. The People's Bank of China (PBOC), the central bank, released the ...

Tags: Banks, Real-name Accounts

Alibaba Seals $1.3 Bln Deal with China's Food Delivery Startup Ele.Me

Dec 28, 2015

Alibaba has agreed to buy some 30 percent stake into China's food delivery service Ele.me, valued at 1.3 billion U.S. dollars. The deal is expected to be completed after the Spring Festival in Feburary of next year. After completion, it ...

Tags: Alibaba, Ele.me

JD Finance Solicits 5 Bln Yuan in Series A Funding: Report

Dec 28, 2015

It's been reported that online financing and retail investment platform JD Finance, a subsidiary of JD.com, is preparing a 5-billion-yuan Series A funding round with a domestic IPO targeted in 2017. Media reports say the Series A will ...

Tags: Finance Solicits, JD

China's Online Retail Volume to Top Other Countries: Commerce Minister

Dec 28, 2015

China's online retail volume is expected to outperform the rest of the world by reaching four trillion yuan (618 billion U.S.dollars) this year, Commerce Minister Gao Hucheng said Sunday. China has attained key targets outlined by the ...

Tags: Online Retail, Volume

China's Property Sector to See Mild Growth, Divergence in 2016: Report

Dec 28, 2015

Housing prices in China are expected to grow steadily in 2016, while divergence between bigger and smaller cities will continue, according to a property research organization. Government policy has perhaps helped to ease the housing glut ...

Tags: Property Sector, Mild Growth

Changes Expected in Chinese Capital Market in 2016

Dec 28, 2015

China has announced it is setting up a new Strategic Emerging Industry Board under the Shanghai stock exchange. The new board is aimed at the country's domestic high-growth and innovative companies. The China Securities Regulatory ...

Tags: Capital Market, Changes

Hong Kong Overtakes New York as World's Biggest IPO Capital

Dec 25, 2015

Hong Kong has replaced New York this year as the world's biggest IPO market by the amount of funds raised. According to data from Reuters, companies have raised 25 billion U.S. dollars from initial public offerings in Hong Kong so far ...

Tags: IPO Capital

China's PRO-growth Moves to Deepen Structural Reform, Produce Big Dividends for Global Economy

Dec 25, 2015

China's latest efforts to stimulate its economy by deepening structural reform will produce rich "dividends" shared within China's borders and across the world. While the effectiveness of traditional demand-side policy support lessens, ...

Tags: Structural Reform, PRO-growth

China's Industrial Output to Grow 6 Percent in 2016

Dec 25, 2015

China's industrial output is likely to grow around 6 percent in the coming year. The Ministry of Industry and Information Technology also predicted the same pace for the current year. Meanwhile, the ministry also said the number of 4G ...

Tags: Industrial Output

New Normal Needs New Interpretation

Dec 25, 2015

China's economy has entered a "new normal" and those fretting over disappointing data in traditional sectors, will have to adapt. The structure of China's economy has changed and traditional measurements, including GDP growth and ...

Tags: economy, new Normal

Chinese Shares Continue Fall LED by Brokerages, Coal Industry

Dec 25, 2015

Chinese stocks tumbled for the second straight session Thursday led by brokerages and the coal sector. The benchmark Shanghai Composite Index dropped 0.65 percent to close at 3,612.49 points. The Shenzhen index lost 0.58 percent to finish ...

Tags: Shares, Brokerages

Chinese Shares Fall Despite Financial Bluechips Performing Well

Dec 24, 2015

China's stocks closed lower on Wednesday despite financial heavyweights performing strongly. Shanghai lost 0.43 percent to end at 3,636.09 points. The smaller Shenzhen index dipped 1.0 percent, or 131.26 points, to close at 13,007.87 ...

Tags: Shares, Financial Bluechips

China Extends Trading Hours for Interbank Forex Market

Dec 24, 2015

China is to extend the trading hours of the interbank forex market by seven hours and allow more foreign entities into the market, according to a Wednesday statement by the People's Bank of China (PBOC). From Jan. 4, the closing time for ...

Tags: Extends Trading, Forex Market

King Salman Says Saudi Arabia Not Affected by Oil Price Drop

Dec 24, 2015

Saudi King Salman bin Abdulaziz Al Saud on Wednesday stressed that the kingdom has not been affected by the current drop in oil prices due to years of money reserve, Saudi Press Agency (SPA) reported. During the past years, money kept ...

Tags: Saudi King, current drop in oil