finance

The Shanghai Composite declined for 6 out of the last 7 weeks. Stocks fell, driving down the benchmark index for a sixth week out of seven, on concerns a cash shortage will make it difficult for companies to borrow for expansion and new regulations in Beijing may limit car sales. ...
China's stocks may endure continued volatility in the upcoming weeks in response to a lack of certainty regarding further tightening monetary policy, weighing on the major index that has retreated for four weeks. China's benchmark Shanghai Composite Index cumulatively dropped by ...
Editor's Note: 2010 marks the last year of China's 11th Five-Year Plan (2006-2010), and the central government has implemented plenty of measures trying to curb inflation, property price surge as well as diesel shortage during the year. To some extent, 2010 also set the tone for ...
The People's Bank of China (PBOC) delivered a jolt to global markets when it unexpectedly raised interest rates last week. Never mind that the small increase will have a negligible impact on China's economy. Even after the move, banks are charging companies less than 6 percent to ...
A trade war looms between the United States and China. The U.S. is targeting China's financial sector, although the manufacturing sector is the scapegoat, i.e., the made-in-China label. Thus far, because of the on-going currency conflict over China's RMB exchange rate, the ...
[By Jiao Haiyang/China.org.cn] One of the policy issues at the top of the agenda at the recently concluded G20 summit was global rebalancing. Achieving strong, balanced and sustained growth was identified by the G20 leaders as a key policy objective. While G20 officials agreed to ...
China's stake in the International Monetary Fund (IMF) has become the third largest. Malaysia's central bank has bought yuan-denominated bonds for its reserves, representing a significant step toward the internationalization of China's currency. And a pilot plan, "mini-QFII" ...
The annual economic work conference ended on Sunday, pledging to enhance and improve macro-economic regulation next year to ensure stable and healthy economic development. The three-day Central Economic Work Conference in Beijing, with the attendance of President Hu Jintao and ...
Editor's notes: The year 2010 has witnessed a lot of economic events, such as the World Bank quota reform, the US QE2 plan, the European debt crisis, BP's oil spill, China's further reform of yuan, Geely's acquisition of Volvo, just to name a few. Here China.org.cn selected ten ...
Global problem [By Jiao Haiyang/China.org.cn] The top priority for emerging economies recently has been reducing inflation. China's consumer price index (CPI) rose to 5.1 percent in November 2010, higher than expected. Measures to control inflation are in place and in December ...
China's outstanding credit card lending rose 13.2 percent quarter-on-quarter by the end of September, said China's central bank Thursday. [Global Times] China's credit card lending accelerated in the third quarter, with potential default risks loom-ing larger. Market watchers ...
An employee of the Industrial and Commercial Bank of China Ltd counts notes in Huaibei, Anhui province.[China Daily] China's biggest banks are close to reaching annual lending quotas and plan to stop expanding their loan books to avoid exceeding the limits, according to four ...
Yuan banknotes are seen in this picture illustration taken in Beijing Sept 24, 2010. [China Daily via agencies] Chinese Ministry of Public Security said Monday that the nation's police authorities had shut down 500 underground banks since 2002 in its battle against money ...
A branch of China Everbright Bank in Shanghai. China's securities regulator yesterday approved China Everbright Bank's plan to float an initial public offering in Shanghai, the latest domestic bank to tap markets for funds after a 2009 government-led lending binge. [Shanghai ...
Customers at the China Asset Management Co office in Beijing. The company, China's largest fund manager, reportedly could help manage part of CIC's overseas investments. [China Daily] China Investment Corporation (CIC), the nation's US$300 billion sovereign wealth fund, might ...
China Banking Regulatory Commission released a draft Wednesday to further regulate credit cards business in China. Commercial banks are not allowed to charge any fees before the activation. China now has 187 million credit cards. In the first half of this year, transactions ...
A man cleans a sign at an Agricultural Bank of China branch in Beijing. [China Daily] Agricultural Bank of China (ABC) said on Monday that it will continue to give out loans to property developers and is likely to post a better-than-expected full-year net profit, thanks to the ...
A man cycles past a branch of China Construction Bank Corp in Shanghai. [China Daily via agencies] The chairman of China Construction Bank (CCB) said on Monday that the default risk for local government-backed financing vehicles is low as most loans are backed by collateral and ...
Boutique investment banks are taking shape in China, targeting mid-market deals and focusing on smaller but high-growth companies that are often ignored by large investment banks. [China Daily] In China's multi-billion-dollar mergers and acquisitions (M&A) market, the big ...
Exhibitors stand in front of an advertisement for a trust company at an exhibition in Zhengzhou, Henan province. [China Daily] Though the minimum net capital rules for trust companies will impact their business in the short term, the long-term effects are limited, the China ...
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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 ...