finance

BEIJING, Jan. 27 (Xinhuanet) -- Shanghai's financial sector grew 13.7 percent last year, a significant boost for China's biggest municipal economy as it strives to become a global financial center by 2020. The Shanghai Bureau of Statistics said on Sunday that the city's financial ...
TOKYO, Jan. 27 (Xinhua) -- Japan's trade deficit hit record 11. 47 trillion yen (about 112.41 billion U.S. dollars) in the year of 2013, said the Japanese government Monday. The country's imports boosted 15.0 percent, while exports rose 9.5 percent from the previous year, Japan's ...
Financial reform in the China (Shanghai) Pilot Free Trade Zone will shift into higher gear and detailed policies may be issued by the end of next month, following the establishment of a high-level panel. The special group has been established to coordinate and advance the affairs ...
South Korea's financial regulator said Wednesday that it will slap punitive penalties to financial companies for future client data leakage after the incident that personal information of almost all adults in the country was stolen from three credit card issuers. Punitive fines ...
SEOUL, Jan. 22 (Xinhua) -- Two months after his management comeback in March 2010, Samsung Electronics Chairman Lee Kun-hee unveiled an eye-popping investment plan through 2020. Lee stepped down after receiving a three-year suspended jail sentence for tax evasion and breach of ...
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The finance minister of Germany on Saturday spoke highly of the progress made in the crisis countries in euro zone. Wolfgang Schaeuble told the participants at the World Economic Forum Annual Meeting here that the most successful countries ...
2013 was a record breaking year for Chinese e-commerce as well as internet finance. What will be the new trends for the internet industry in the new year? This is a topic discussed at this year’s China Internet Conference. In an ecosystem growing as fast as China’s internet ...
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of Davos in winter is probably the most bustling corner on this planet, where the annual meeting of the World Economic Forum (WEF) takes place. As many as 2,500 political and business leaders from more than 100 ...
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain momentum in 2014 as headwinds abate, though the pictures may vary in different countries, said a leading economist on Thursday. "The (world) recovery is strengthening," Olivier Blanchard, chief economist at the ...
There’s been much talk of China at the World Economic Forum-and a broad consensus among economists-that China’s reforms aimed at rebalancing the country’s economy away from trade and investment and towards domestic consumption-- will boost the global economy. CCTV’s Jack Barton ...
China's banking watchdog has published draft rules to set up firms that will make it easier and faster for individuals borrow money. This is part of a government plan to encourage domestic consumption and support economic growth. The proposed companies will provide personal loans ...
HONG KONG, Jan. 13 (Xinhua) -- More than 2,400 business leaders and senior government officials from around the world shared their insights on major Asian economic issues at the Seventh Asian Financial Forum, which opened here Monday and continues through Tuesday. Themed "Asia: ...
The latest round of personnel changes at major State-owned commercial lenders reflects the nation's emphasis on the implementation of macroeconomic regulation, and will probably not affect the operating strategies of the banks involved, said analysts. On Tuesday, China Constructi...
Consumers select vegetables at a market in Nanjing, capital city of east China's Jiangsu Province, Oct. 14, 2011. [Photo/Xinhua] China's annual Central Economic Work Conference will be held in December to set tone for economic development next year. Analysts believe China will ...
A woman walks past a SPD Bank's booth promoting credit cards. [Xinhua] China issued 2.81 billion bank cards by the end of the third quarter, a 4.9 percent increase from the end of June, China's central bank said Thursday. The country issued 2.54 billion debit cards as of the end ...
Deng Xianhong [Fil photo] China's top foreign exchange regulator said on Monday that China will continue to crack down on the influx of hot money as a result of complicated economic conditions at home and abroad. "Outstanding achievements have been made in the country's campaign ...
Permal Group, one of the world's oldest and largest hedge funds of funds, wants to increase its exposure to yuan-denominated assets as investors' interest in China rises in response to economic stress in Europe and the US, a fund official said. "There will be a growing appetite" ...
China Development Bank Securities Co Ltd (CDBS) said that it is negotiating with regulators to launch asset-backed bonds that would ease the credit crunch for small and medium-sized enterprises (SMEs). The bonds will be based on a pool of assets injected by SMEs, with investors ...
The collapse of MF Global Holdings again highlights the perils of derivative leverage in a loosely regulated market. It shows the need for genuine transparency in financial markets. MF Global had $1.4 billion in equity which it used to run up $44.4 billion in liabilities largely ...
China has been engaging in the exchange rate regime reform of the Renminbi (RMB) and will continue its efforts to further increase the flexibility of its currency. [Photo/Xinhua] China has been engaging in the exchange rate regime reform of the Renminbi (RMB), or the Chinese yuan...
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...
China stocks close higher over liquidity injection
China stocks close higher over liquidity injection
BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...
China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China cuts retail oil prices
China cuts retail oil prices
BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...
Canada's main stock index tumbles over asset loss in emerging markets
Canada's main stock index tumbles over asset loss in emerging markets
TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...
GM China chairman to retire
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...
China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...