• Fenda, a fast-growing online Chinese question-and-answer service, has raised $25 million in a first round of fund-raising, valuing the knowledge-sharing app at more than $100 million just 42 days after its release
  • VISA is making preparations for applying for a clearing license in China: Caixin
  • The Ministry of Finance said it has sold 14 billion yuan worth of dim sum bonds in Hong Kong
  • The number of companies going public on China’s mainland and Hong Kong slowed in the first half of the year on investor concerns over the economy and yuan devaluation, an Ernst & Young Global Ltd. report shows
  • The share of Renminbi in the global payment rose to 1.9% in May from 1.82% in April: Swift
  • China’s central bank, the People’s Bank of China, has remained the world’s biggest sovereign asset holder, with more than $3.4 trillion on its books, despite suffering a 12%t slump in the value of its assets in 2015, a new report compiled by the Official Monetary and Financial Institutions Forum showed
  • The Ministry of Foreign Affairs said the yuan exchange rate is not the cause of the¬†trade imbalance between China and the US