Business
China mulls doubling Southbound Bond Connect to one trillion yuan
China is considering doubling an investment channel local investors use to buy bonds overseas, according to sources familiar with the…
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yuan
Business
Alibaba offers 50 billion yuan of subsidies to defend turf in China
The world’s second-largest economy’s e-commerce leader is facing growing challenges from up-and-comers such as PDD Holdings Alibaba Group…
Business
Two Chinese chip firms plan 12 billion yuan IPOs, bet US export curbs to spur growth
Two Chinese artificial intelligence chip startups are seeking to raise a combined 12 billion yuan (S$2.1 billion) in initial public…
Business
Investment firm PAG raises 3.1 billion yuan in first yuan-denominated buyout fund: sources
Asia-focused investment firm PAG has raised 3.1 billion yuan (S$553 million) at the first close of its inaugural yuan-denominated buyout…
Business
China seizes moment to globalise yuan as US dollar doubts mount
China is launching a sweeping campaign to promote the yuan’s global role, seizing what officials see as a rare strategic opening. With the…
Business
CapitaLand China Trust to divest retail property for 748 million yuan
CapitaLand China Trust (CLCT), a CapitaLand Investment subsidiary, is set to raise up to 748 million yuan (S$134.9 million) through the…
Business
Sasseur Reit receives up to 508 million yuan from sponsor for refinancing
Sasseur Real Estate Investment Trust’s (Reit) said a wholly owned subsidiary of its sponsor has entered into an unsecured sponsor loan…
Business
China's central bank injects 700 billion yuan of outright reverse repos in May
Market participants are closely watching for signals on when the PBOC will resume purchases of its own government bonds China’s central…
Business
Perennial to invest one billion yuan to open two healthcare institutions in Guangzhou
Integrated healthcare and real estate player Perennial Holdings on Tuesday (May 27) announced that it has entered into an agreement with…
Business
Perennial to invest one billion yuan to open two hospitals in Guangzhou
Integrated healthcare and real estate player Perennial Holdings on Tuesday (May 27) announced that it has entered into an agreement with…
Business
Goldman Sachs expects stronger yuan to boost Chinese stocks
The onshore yuan has gained around 1.4 per cent versus the greenback in May, and reached 7.1674 on Monday, its strongest level since…
Business
CapitaLand Investment launches 5 billion yuan China fund
CapitaLand Investment (CLI) on Wednesday (May 21) announced the launch of its first onshore master fund in China, the CLI RMB Master Fund,…
Business
China’s Sinopec partners with Saudi Aramco’s unit in 28.8 billion yuan JV
China’s state-run Sinopec said on Monday (Apr 28) it had signed an agreement with a unit of Saudi Aramco to establish a joint venture…
Business
Huawei raises record 20 billion yuan in Chinese debt issuance spree
The parent of Huawei Technologies is tapping low borrowing costs in China’s credit market to raise a record amount of debt, as trade…
Business
CapitaLand China Trust Q1 NPI slips 6.6% to 292.5 million yuan amid lower revenue
The manager of CapitaLand China Trust (CLCT) posted a net property income (NPI) of 292.5 million yuan (S$52.8 million) for the first…
Business
Q&M Dental seeks secondary listing on Bursa; demands 72 million yuan from Aoxin Q&M CEO
Q&M Dental Group is proposing a secondary listing on the main market of Bursa Malaysia. The move would broaden its investor reach and…
Business
Q&M Dental seeks secondary listing on Bursa; demands 72.3 million yuan from Aoxin Q&M CEO
Q&M Dental Group is proposing a secondary listing on the main market of Bursa Malaysia. The move would broaden its investor reach and…
Business
CapitaLand Investment launches first retail Reit in China with assets worth 2.8 billion yuan
CapitaLand Investment (CLI) announced on Thursday (Apr 17) that it intends to launch its first real estate investment trust (Reit) in…
Business
CapitaLand Investment launches its first retail Reit in China with assets worth 2.8 billion yuan
CapitaLand Investment (CLI) is moving to list its first real estate investment trust (Reit) in China with two major malls valued at 2.8…
Business
China engineers orderly yuan drop as trade war threatens growth
China is guiding the yuan weaker at a carefully orchestrated pace, as the central bank seeks to blunt some of the economic impact of the…
News
Yuan devaluation market chatter grows as trade war worsens
The deepening trade war is raising speculation in financial markets that China may resort to aggressively devaluing the yuan against the…
News
Abtisam Mohamed and Yuan Yang: Denying MPs entry to Israel 'unacceptable', says Lammy
Foreign Secretary David Lammy has criticised Israeli authorities after two Labour MPs were denied entry to the country, describing the…
Business
China to recapitalise 4 big banks with 500b yuan
China’s Finance ministry will inject 500 billion yuan (S$92 billion) into four of the nation’s largest state banks via share placements,…
Business
4 China state banks plan 520b yuan placements to add capital
Four of China’s largest state banks plan a total of up to 520 billion yuan in private placements to boost core tier-1 capital, after…