Welcome to the 18th installment of the Caixin-Sinica Business Brief, a weekly podcast that brings you the most important business stories of the week from China’s top source for business and financial news. Produced by Kaiser Kuo of our Sinica Podcast, it includes a business news roundup, conversations with Caixin reporters and editors, and a selection of complete stories from the week’s news, read by Kaiser and Sinica rotating co-host Ada Shen.
This week, we discuss how Alibaba teamed up with its hometown, Hangzhou, to boost the city’s rental market by establishing an online property rental platform. We explore McDonald’s plan to expand its number of restaurants across China to 4,500 within five years. We learn about why one of China’s largest online literature platforms sued its largest provider. We examine the news of China considering forbidding privately owned banks from joining with unlicensed lenders to create larger loan pools. We look at the rise of China’s foreign exchange reserves for the sixth consecutive month. We study Visa’s application to China’s central bank for a license for a domestic bank-card clearing business. We also talk to Caixin senior editor Doug Young on Tencent’s blockbuster mobile game Honor of Kings — including why it was criticized by various state media — and chat with Caixin reporter Liu Xiao about recent moves by LeEco. Finally, we bring you three complete stories:
- How did collusion networks become an increasingly common form of stock market manipulation in China?
- How will Wanda transform itself into a management company in Hong Kong?
- Will China successfully make more banks swap equity for debt by issuing new, detailed regulations?
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