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Bank of Shanghai Names New President Ahead of Planned IPO

Jan 12, 2016 10:17 AM EST

The Bank of Shanghai, one of the leading banking institutions in Shanghai, has named Hu Youlian as its new president, a position that has been left vacant since February 2015.

More Chinese Singles Use Dating Websites But Remain Cautious

Mars Woo |

Jan 12, 2016 09:56 AM EST

A survey conducted by China Youth Daily showed that more people in China have used dating websites to find a companion, although a growing number of respondents believe matchmaking sites are not reliable.

18 Chinese Tourists Injured in Thailand Bus Accident

Mars Woo |

Jan 12, 2016 09:36 AM EST

What started as a fun-filled tour in the southern province of Phang Nga in Thailand ended up disastrous when the bus boarded by 18 Chinese tourists rolled over, injuring all those onboard, the official Xinhua news agency has reported.

China Allows More Foreign Institutions on Forex Market

Mars Woo |

Jan 12, 2016 09:16 AM EST

In a bid to promote China's inter-bank foreign exchange (forex) market, the People's Bank of China (PBOC), the country's central bank, has allowed the entry of seven more foreign institutions into the market.

TCM Treatment Helps 12,000 HIV/AIDS Patients in Yunnan

Mars Woo |

Jan 05, 2016 08:20 PM EST

About 12,800 people afflicted with human immunodeficiency virus (HIV) / Acquired Immune Deficiency Syndrome (AIDS), or the so-called people living with HIV/AIDS (PLWHA), in Yunnan have been receiving traditional Chinese medicine (TCM) treatment since 2005.

China Names New Ambassador to Jordan

Mars Woo |

Jan 05, 2016 03:28 AM EST

Pan Weifang, the Chinese ambassador to Slovakia from 2013 to 2015 has been named as new ambassador to Jordan, replacing Gao Yusheng, the official Xinhua news agency has reported.

Five New Planets Named After Top Chinese Scientists

Mars Woo |

Jan 05, 2016 03:02 AM EST

The International Astronomical Union (IAU) has approved China's suggestion to name five minor planets after top Chinese scientists, the official Xinhua news agency has reported.

China Set To Be World's Top IPO Market in 2016

Mars Woo |

Jan 05, 2016 02:25 AM EST

A report published by auditing firm PricewaterhouseCoopers said the number of China's initial public offerings (IPOs) this year could top the world and could result to fund raising of up to US$46.13 billion.

Female Chinese Driver Survives Race Crash in Argentina

Mars Woo |

Jan 03, 2016 06:55 AM EST

A female Chinese race car driver and her co-pilot were unharmed when the car they were in overturned and rolled several times during the first stage of Rally Dakar 2016 in Arrecifes city of Argentina.

China's Mahjong Swindler Jailed for Life for US$18 Million Cheat

Mars Woo |

Jan 03, 2016 06:04 AM EST

A leader of a gang of swindlers who cheated five wealth mahjong players out of more than Rmb120 million (US$18 million) in Southern China has been sentenced to life imprisonment.

Zhejiang Shuts Down 881 Websites For Pornographic Content

Mars Woo |

Jan 03, 2016 04:47 AM EST

Chinese authorities continue with the government's intensified campaign against online pornography, with the Zhejiang Province shutting down at least 881 websites for lewd content, the Xinhua news agency has reported.

182 Shanghai Stores Now Offer Tax Refunds To Foreign Tourists

Mars Woo |

Jan 02, 2016 04:03 AM EST

At least 182 shops in Shanghai are now offering tax refunds to foreign tourists who will be spending more than Rmb500 (US$77) during their visit in the city, the Shanghai Commission of Commerce has revealed.

China Extends Assistance to Flood-Hit Argentina Regions

Mars Woo |

Jan 02, 2016 03:04 AM EST

China has extended assistance to the victims of the massive flooding that hit the coastal regions of Argentina and some parts of South America, the official Xinhua news agency has reported.

North East China Rocked by 6.4-Magnitude Earthquake

Mars Woo |

Jan 02, 2016 02:36 AM EST

Residents of Linkou County in Mudanjiang City, Heilongjiang Province were roused from their sleep when a 6.4-magnitude earthquake rocked northeast China past midnight on Saturday.

China's Factory Activity Picks Up in December but Still in Contraction

Mars Woo |

Jan 02, 2016 02:07 AM EST

China's manufacturing sector continues to show lackluster performance ending 2015 as it contracted for a fifth straight month in December although it picked up slightly from the previous month, the official manufacturing Purchasing Managers' Index (PMI) showed.