The People's Bank of China announced Tuesday that Bank of China is designated as the RMB clearing bank in the United States.

BCS Global Markets, the largest securities broker on the Moscow Exchange, has signed a partnership agreement with Caderus Capital, the Russian-Chinese investment group, in order to further develop cross-border investments between China and Russia.

The number of newly founded companies in China continued to surge in the first three quarters on government efforts to streamline the process for starting businesses, official data showed on Monday.

Global venture capital (VC) investment declined in the third quarter of this year, but Chinese VC investors continued to actively look for overseas acquisitions, according to a recent report.

China Fortune Land Development Co Ltd, an industrial zone developer and operator, has secured its first project in Africa to build a new industrial city in Egypt's new administrative capital.

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