The move is expected to help the developer giant fend off a hostile takeover by Shenzhen-based real estate and insurance conglomerate Baoneng Group.
Mid-sized commercial lender Ping An Bank Co Ltd will deepen reforms by developing a system of business units based on different sectors, products and client segments in the next three years.
The two largest cities in Guangdong province have launched an investigation into the credit channels that support housing down payment amid concerns over surge in property prices.
COFCO Property (Group) Co Ltd plans to raise up to $768 million in a private placement of shares to fund new projects and to repay debt.
HSBC Holdings' winning approval to start a credit-card business in the Chinese mainland's $1-trillion market offers Chief Executive Officer Stuart Gulliver added flexibility in his push into the nation's retail banking and wealth-management industries.
Homegrown smartphone vendors made further progress in the domestic mid-to high-end sector last year, gaining ground on long-term leaders such as Samsung Electronics Co Ltd, an industry report has revealed.
Huawei Technologies will open a new office in Bellevue, Washington, this month and hire as many as 100 workers at the location.
Shenzhen, a neighboring city of Hong Kong, will reclaim 55 square kilometers of land from the sea to retrain hiking home prices.
A favorable climate for entrepreneurship has boosted startup activity in China, though the quality of business creation still needs to be improved, according to a study by the National Survey and Research Center at Renmin University of China.
Despite a sluggish global economy, foreign companies remain confident about the direction of the Chinese economy and market.
Shenzhen is planning to offer more affordable housing over the next five years as part of an initiative to cool the red-hot property market, an official said.
A new report has highlighted the extent of property price rises in China over the past decade.
Nguyen Thi Hanh Thu, born in Vietnam in 1994, does modeling in Shanghai.
One of the potentially most traumatic things a girl has to go through is finding a new hairdresser.
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