financial

With its growth in traditional markets like Italy and the United States slowing to a crawl, it's not terribly surprising that Prada is rushing to China. But there are signs that Prada's "great Chinese hope" might not be progressing as smoothly as the company might hope. Read More

Recently, the Shanghai Jahwa Group, parent company of cosmetics maker Shanghai Jahwa United Co., announced plans to transfer a 9 percent stake, worth around 5 billion yuan (US$765 million), to the Shanghai Chengtou Corporation and the Shanghai Jiushi Corporation. Read More

As the purchasing power of Chinese consumers continues to increase, more international companies are choosing to list in Hong Kong in the hopes of fueling faster and stronger growth in the mainland. Read More

The Wall Street Journal spoke this week to Sunny Wong, CEO of the Chinese luxury retailer Trinity, about his company's recent IPO in Hong Kong, and his thoughts about the luxury menswear market in China. Read More

China seems to have taken a two-part approach to the issue of global currency flows, consistently calling for the replacement of the dollar by a new SDR at the top policy level, while at the same time working on a more private level with many of the countries and territories with which it trades to settle transactions in RMB. Read More

Demand for wealth management services, a relatively new financial sector in Mainland China, is growing quickly as more wealthy individuals become increasingly conscientious of the effects of global fluctuations on their savings. Read More