Jiangxi Copper forms trading unit

HONG KONG-China’s top copper producer Jiangxi Copper Company Ltd has set up a trading firm in Shanghai with a Chinese company that has partnered with major firms such as BHP and Codelco, and a Hong…

Labor market may see turning point in 2013

China’s labor market is expected to reach a turning point in 2013 as a result of the family planning policy and the aging population, the Allianz Group said in a recent report. The latest census…

Novartis to issue IPO in China

Swiss drugmaker Novartis AG is considering a possible initial public offering (IPO) in China, joining a growing list of multinationals interested in selling yuan-denominated shares in Shanghai, two people with knowledge of the situation said….

Local governments’ debt risk is controllable

Local government debt accumulated over the past few years is relatively heavy, and some risks loom as certain regions and industries are weak in repaying the debt, according to a statement released by China’s State…

China limits banks’ wealth management business -paper

China’s banking regulator has begun restricting lenders’ wealth management business, banning products that it says involve excessively high risk, the Shanghai Securities News reported on Tuesday, citing unidentified government officials. Chinese banks have been rushing…