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China launches new yuan-denominated gold benchmark on Tuesday, with aim to control pricing and establish stronger influence on the global market.

China Launches Yuan-Denominated Gold Benchmark

Apr 19, 2016 11:30 AM EDT

China, the world's top gold consumer, launched a yuan-denominated gold benchmark on Tuesday as it attempts to gain more control over its price and establish stronger influence on the international market.

Ping An teams up with WuXi AppTec to enhance China's health industry

Ping An Bank Partners With Medical Giant to Enhance China's Health Industry

Charissa Echavez |

Mar 01, 2016 05:08 AM EST

Ping An Bank and Shanghai-based research outsourcing provider WuXi AppTec have signed a 10 billion yuan contract to explore the health industry together.

Chinese Banks Throw In iPhone, Mercedes-Benz Car To Attract Deposits

Raymond Legaspi |

Dec 16, 2014 07:52 PM EST

Chinese banks seek to drum up more business by turning to giveaways for deposits. On offer at one branch in Beijing: an iPhone 6 Plus or a Mercedes-Benz.