Brief

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Yihaodian probing security breach

Chinese e-commerce retailer Yihaodian said it is investigating a possible security breach, potentia

AutoChina being probed by SEC

AutoChina International (AUTC.NASDAQ), a company that sells and leases commercial vehicles, said i

Newsbriefs hiatus: Feb 8-19

China Economic Review's daily newsbriefs will be on hiatus from February 8-19 for the Lunar New Yea

Foreign exchange regulator loosens restrictions on foreign investment

China's State Administration of Foreign Exchange announced on Thursday that foreign investors regis

Governor of Sichuan province removed for corruption, disloyalty

The governor of Sichuan province, Wei Hong, has been stripped of his position and of his role as th

Swedish biometrics firm sees fingerprint tech sales boom in China

Biometric technology firm Fingerprint Cards AB reported a twelvefold rise in fourth-quarter sales d

Brother of Hu Jintao's former aide said to reveal state secrets to US

Ling Wancheng, brother of the former chief of staff to President Hu Jintao, Ling Jinhua, is under i

Mainland police confirm investigation of missing Hong Kong booksellers

Police in Guangdong province confirmed they are investigating three missing Hong Kong booksellers o

Beijing sets target growth range of 6.5-7% for 2016

The National Development and Reform Commission has set a target growth range of 6.5-7% for 2016, th

Official calls on Liaoning media to downplay rustbelt's severe slowdown

The Communist Party propaganda chief of Liaoning province, Fan Weiping, told a meeting

Yum Brands China business shows signs of recovery in Q4

The China business of Yum Brands Inc.

US open to joint patrols with Philippines in South China Sea

The United States Navy is open to the possibility of joint naval patrols with the Philippines in th

Syngenta agrees to $43bn ChemChina buyout offer

Agribusiness giant Syngenta has agreed to an acquisition offer from of US$43 billion in what could

Crowd of 100,000 stuck at Guangzhou rail station by weather delays

About 100,000 people were stuck in Guangzhou's main train station on Monday due to delays caused by

China stock market's margin debt falls to lowest level in over a year

The outstanding balance of margin debt on mainland China's stock exchanges had dropped for 22 strai

Central bank cuts minimum down payment for first-time home buyers to 20%

The People's Bank of China has announced that the minimum down payment for first-time home buyers w

Cap said to be planned for insurance purchases in Hong Kong via UnionPay

Chinese consumers using UnionPay debit and credit cards to buy insurance products will have such pu

ChemChina in talks to buy Syngenta for $43mn, sources say

State-owned China National Chemical Corp., or ChemChina, is negotiating to buy agribusiness giant S

PBOC liquidity injections totaled over RMB1.5tn in January

The People's Bank of China injected RMB520.9 billion (US$79.2 billion) of liquidity into the Chines

Police arrest 21 at P2P platform accused of $7.6bn scam

Police in China have arrested 21 people at peer-to-peer lender Ezubao who were involved in what sta

China's steel industry suffers first contraction in nearly 35 years

More than half of top producers in the China Iron and Steel Association suffered losses in 2015, ma

Shanghai court gives OSI employees jail sentences in food safety case

A court in Shanghai has handed prison sentences ten employees at two Chinese units of US food suppl

Draft wildlife law frames China's endangered species as "natural resources"

A new draft of China's Wildlife Protection Law is drawing criticism for classifying endangered spec

Hong Kong banks see annual profits fall for first time since 2008

Hong Kong's banks saw pre-tax profit drop 2.8% on average in 2015 thanks to growing bad debt, narro

Drug regulator ends Alibaba partnership after pharmacy firm files suit

The China Food and Drug Administration will end cooperation with Alibaba Group Holding's e-commerce

US Navy destroyer sails by contended island in South China Sea

An American Navy destroyer sailed within 12 miles of one of the Parcel Islands controlled by China'

Hong Kong new home sales plummet in January

Property agencies are estimating a substantial drop in Hong Kong's property market in January,

January manufacturing PMI shows further contraction at China's factories

China's factories saw business activity fall in January, according to the official

Alibaba revenues up 32% as retail platforms' sales value jumps

E-commerce conglomerate Alibaba Group Holding saw revenues rise 32% year-on-year in the December qu

Central bank steps up liquidity injections ahead of Lunar New Year

The People's Bank of China this week used two money-market operations to inject a net RMB590 billio

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