China's yuan - a reserve currency

The IMF may be about to recognise China's yuan as a reserve currency. That's a big decision http://t.co/hXsEr6qtAd pic.twitter.com/SzOw2JbCzu

— The Economist (@EconBizFin) August 7, 2015

China has spent around Rmb860-900bn to support the stock market

From Goldman Sachs China musings:

How much has the government bought in the market? 

The Chinese government's recent measures to support the domestic equity market through the so-called 'national team' institution are being frequently discussed by investors and in the media. In this commentary, we estimate the amount of money the 'national team' has spent to support the market, the remaining capital left available for use, the sectors that have likely benefited from government support, the potential overhang on the equity market from government support measures, and our views on the equity market over coming months.

We estimate the 'national team' has spent around Rmb860-900bn to support the domestic equity market.

China investigating liquor suppliers for Viagra in alcohol

BEIJING (Fox News) – Chinese police are investigating if two distillers in the southwestern region of Guangxi added impotence treatment drug Viagra to their liquor in the latest food-safety scare in China. The Liuzhou Food and Drug Administration said that it found the Guikun Alcohol Plant and the Deshun Alcohol Plant in Guangxi's Liuzhou city were putting Sildenafil, more commonly known as Viagra, into three of their baijiu products. Baijiu is a fiery grain liquor that commands high prices in China.

China: Asks for stock trading records from Chinese and foreign brokerages

HONG KONG/SHANGHAI (Reuters) – China is asking foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock trading records, sources with direct knowledge of the requests told Reuters, extending its pursuit of investors shorting Chinese stocks to overseas jurisdictions.

#stockmarket #shorting #stockbroker

Hong Kong Billionaires on Trial

Hong Kong Billionaires on Trial

The Year of the Dragon in China

Celebrating New Year of the Dragon in China! (via http://mgedwards.com)

My wife Jing, son, and I spent the 2012 Chinese New Year with Jing’s family in Shanghai, China. It was a special New Year’s for us, not only because it ushered in the auspicious Year of the Dragon but also because it marked a first for our family…

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Education Reform Begins in China

A talk with Yuk-shan Wong on China's education reform, Chinese Dream (via GlobalPost)

Editor's note: The author, Zhenyu Li, is a contributing columnist for some of the world's premier publications and editor-in-chief of the business channel at the People's Daily Online, a publication of China's Communist Party. BEIJING, China — Education…

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