All consuming

After the success in China of KFC and McDonald’s, US burger chain Shake Shack is hoping to emulate them by opening its first outlet in Shanghai in early 2019. The debut outlet in Xintiandi, where Pizza Marzano (the name used in China by Pizza Express – a chain acquired in 2014 by private equity firm Hony Capital) used to be located, is banking on consumers finding its … http://bit.ly/2O4LYy2

What a controversial pastry says about China’s economy – Reading the crumbs

Mooncakes are a useful indicator of trends, from consumption to corruption. MOONCAKES are among the most divisive treats. For some the chewy pastries are delicacies on which to gorge for the Mid-Autumn Festival, a Chinese holiday that falls this year on September 24th. For others they are dry, dense and full of calories. But for economists they are something else entirely: … https://econ.st/2NYgjOP

China Factory Scams: Their Time is Ripe

Recent business confidences surveys conducted in China show a downturn in the Business Confidence Index for small and medium -sized manufacturing companies of all types, falling to its lowest level since the 2008 financial crisis. The decline in business confidence is the result of features built into the Chinese economy. This declining BCI shows that economic stress on SME … http://bit.ly/2N60Ah5

Creditease appoints head of overseas WM

Beijing-based Creditease has set up an overseas wealth management department, the next step in its plan to gain marketshare in overseas Chinese wealth management and eventually list in the US. The firm announced that Zhao Ruobing, senior vice president at the wealth manager has been appointed as head of the department. Zhao joined Creditease WM in 2008 and has 20 years of … http://bit.ly/2BX4404

China’s Fintech Giants Have The Money And Means To Dominate Despite The Wider Slowdown

China has experienced a fintech explosion in recent years, with top companies dominating the industry. It’s not an accident that Alibaba spinoff Ant Financial and Tencent rule the digital payments industry, or that Creditease’s Yirendai and Lufax are major players in the online lending sector. All of these companies have garnered large amounts of investment, expanded into … http://bit.ly/2MZ6f7Z