POLICY

China's 58.14 bln pension fund available for investment

Four provincial governments would join the first wave of investment to entrust their pension funds with NCSSF, releasing 400 billion yuan (about 58.14 billion U.S. dollars) of fundsfor more diversified investment.

China gives tax breaks on SZ-HK stock link

Profits made by individual investors from the link between the Shenzhen and Hong Kong stock exchanges will be temporarily exempted from personal income tax, the finance ministry said Thursday.

Retail fuel prices raised in China

China on Thursday raised retail prices of gasoline and diesel, the eighth time to do so, due to rising international crude oil prices.

VAT reform lifts companies’ tax burdens

96.5 billion yuan (about 14 billion US dollars) had been saved for companies by the end of October since the value-added tax (VAT) system was rolled out nationwide in May in China.

China launches financial crime crackdown

China Securities Regulatory Commission (CSRC) and Ministry of Public Security (MPS) of China have jointly made greater effort to crack down on financial crime.

Critical illness insurance benefits 1.05 bln Chinese

China has expanded the coverage of critical illness insurance to 1.05 billion Chinese dwellers by end of this September, according to local authorities.

East China Province overhauls "zombie enterprises"

China's Eastern Province Shandong will overhaul its 125 “zombie enterprises” to bolster efforts to curb industrial overcapacity by the end of this year, according to the local government.

MARKETS

China will 'not own' Chicago Exchange

The Chicago Stock Exchange Inc said Chinese interests will control 49.5 percent of the exchange if a proposed sale of the company gains regulatory approvals.

China's non-manufacturing PMI grows at faster pace

Activity in China's non-manufacturing industries continued to expand in November at a faster pace than in the previous month, an official survey showed Thursday.

A share may benefit from plunged commodity futures

Commodity futures were affected both by the appreciation of RMB and monetary tightening. Except coking coal, major commodity futures such as iron ore, hot rolled steel, lead, zinc, rubber, and deformed steel bar all dropped into limit down.

Subtle market sentiment over changes rife: bond dealer

Stock traders clearly sense every change of market liquidity and they adjust their operations accordingly, no matter whether the “market liquidity turning point” is coming.

Shenzhen-Hong Kong Stock Connect launches Dec. 5

China's stock connect between Hong Kong and Shenzhen will commence on December 5.

COMPANIES

China's online video platform iQiyi signs film licensing deal with Lionsgate

iQiyi, China's online video platform giant, is to make Lionsgate films available to more than 500 million users based on agreement.

Meet Lu Shengju: The Man in Charge of Casin

With Casin Group's acquisition of Chicago Stock Exchange, Chairman Lu Shengju and his enterprise came under the spotlight.

Space food provider polishes its brand with green ideology

China's well-known medicine producer Jiangzhong enjoys a higher reputation after being reported providing nutritious supplement for space crew.

Chinese train manufacturer wins contract for Australian metro

A metro project in Melbourne, Australia worth 2 billion AUD (about 1.5 billion USD) has been given in part to CRRC Changchun Railway Vehicles, a subsidiary of Beijing-based CRRC Corporation.

INVESTMENT

Victoria’s Secret's angels shining, supplier dimming

While the angels were attempting to peacock “a celebration of culture” for the 22nd holiday extravaganza since the first show in 1995, Regina Miracle International, a Chinese supplier of bras for the Victoria's Secret brand, has been through a tough time.

HeT to raise 150 mln dollars through private placement

HeT announced Thursday night to issue less than 101,879,300 shares to no more than 10 particular objects through non-public offering, 10.11 yuan (about 1.47 dollars) per share.

Economists predict 2017 ahead of SZ-HK Stock Connect launch

Six chief economists and strategists shared their observations concerning “interconnection and global asset allocation”, predicting global asset allocation next year.

Zhuzhou, emerging star of rail transport industry

Zhuzhou, being well equipped, declared its ambition to emerge as “China’s Power Valley”.

10-year Chinese treasury bonds yield to exceed 3 pct: expert

Since late October, China’s bond market has been plunging whereas the yield of 10-year China’s national bond keeps rising, approaching 2.9% on Nov. 21th.

Inter-city express construction draws 36 bln dollars investment

Construction projects of nine railways extending 1100km in total are scheduled to be completed by 2020, including Beijing-Bazhou, Beijing-Tangshan, Langfang-Pinggu section of inter-city railway centering Beijing. 

Sanya to build national holistic tourism demonstration areas

Sanya unveiled its 13th Five Year Plan of tourism development, promoting the construction of demonstration areas and aiming to build itself into an internationally influential tourism resort.

CHENGDU OPENING UP

Chengdu ranks first among emerging first-tier city array

China's Sichuan provincial city Chengdu is most likely to emerge as the next first-tier city and it's entering into innovation-driven stage for development according to experts.

HNA to create new airways in SW China

Hainan Airlines will invest in Shenniao Airlines based in Chengdu with an aim to boost its market share across south China's Sichuan province.

Chengdu enhances ties with Olympic city Sochi

The third International Forum for Tourism was held in Russian city Sochi. Chengdu delegation presented and exchanged perspectives for further cooperations with counterparts.

PANDA Chengdu wins applause in Thailand

Hosted by Chengdu Municipal Foreign and Overseas Chinese Affairs Office, PANDA Chengdu, an international cutural exchange event, landed in Bangkok last week.