Industry Leading Insight

Private lending rates in Wenzhou, a city known for private entrepreneurship and gray-market lending, has fallen by three percentage points to around 22 percent from a year earlier, according to a newly-introduced interest rate monitoring mechanism.  The Wenzhou branch of the central bank announced on Wednesday its first monitoring rate for private lending in the [...]

China is still an attractive destination for US investments despite rising labor and raw material costs, according to the US Chamber of Commerce.  “Absolutely, China is still an attractive destination for US investment, but increasingly not on a wage basis, as emerging economies like Vietnam and Indonesia have lower wages,” Myron Brilliant, senior vice-president of [...]

Government to move fast to weigh benefits of using financial products China’s currency is just around the corner from being fully convertible and the economy’s capital account is already far more convertible than outside institutions give it credit for, said China’s top securities regulator on Wednesday. “At present, we have a very good chance to [...]

The China Aircraft Leasing Company Limited (CALC) inked a deal to buy 20 home-made C919 passenger jetliners, the plane’s manufacturer COMAC said on its official website Thursday evening. This agreement, signed in Hong Kong, brought the total orders of C919s to 215 and displayed “the market and customer’s confidence” to the airplane, according to Commercial [...]

SYDNEY – Australia’s Qantas Airways said on Monday that talks on establishing a premium airline in Asia were continuing amid competitive challenges facing the company in the years ahead. Qantas Chief Executive Alan Joyce told an investor briefing in Sydney on Monday that Qantas would see further competitive pressures from Middle Eastern and Chinese carriers [...]