finance

Three Chinese companies will issue China's first "super and short-term commercial paper" (SCP), Reuters reported Wednesday, citing the National Association of Financial Market Institutional Investors (NAFMII). China National Petroleum Corp (CNPC), Sinopec Corp and the Ministry of ...
The central government could raise the ratio of reserves it requires banks to hold against their loans to 23 percent in 2011, as it continues to try to curb inflationary credit growth in the financial system, Lu Zhengwei, chief economist at Industrial Bank, said on Tuesday. The ...
Shanghai stocks are expected to extend losses this week because the latest hike in interest rates will weigh on market liquidity, analysts said. The Shanghai Composite Index lost 2 percent last week - its sixth decline in seven weeks - as the central government has been beefing ...
The People's Bank of China, or the central bank, will make further efforts to maintain prices stable after China's inflation rate hit a 28-month high, according to reports on Monday. The central bank will analyze global economic developments and balance the relations between ...
The fastest rise in consumer inflation for 28 months has obviously left Chinese policymakers little room in which to maneuver. To strike at the root of accelerating inflation they must turn off the tap of liquidity quickly. China's consumer inflation surged from a two-year high ...
The latest round of government price control measures has pundits making predictions, both optimistic and wary. One industry insider is suggesting that instead of holding prices steady, these measures may actually drive prices up, given limited marketing supplies. "The tightening ...
At an annual top-level economic conference that concluded Sunday, Chineseauthorities demonstrated their determination for a greater and more decisive role in the post-crisis international community, while also pledging to curb excessive government spending. And with national ...
China vowed on Sunday to increase efforts to combat inflation while maintaining "stable and relatively fast" economic growth, as consumer inflation hit a 28-month high of 5.1 percent in November. "The priority is to actively and properly handle the relations between maintaining ...
The uncertainties for Chinese economy include: the grain harvest and farmers' income; increased pressure to adjust the economic structure; resource and environment bottlenecks; the challenging task of improving people's livelihood and guaranteeing social stability. The statement ...
The People's Bank of China on Friday raised the proportion of money that lenders must keep on reserve for the third time within a month. [Photo / Provided to China Daily] Analysts predict interest rate, and reserve ratio hikes in pipeline With the three-day Central Economic Work ...
Moreover, the U.S. Federal Reserve's second round of quantitative easing has increased the risk of imported inflation. To curb inflation and soak up excessive liquidity, the country's central bank has raised banks' reserve requirement ratio six times this year. It also lifted the ...
China will allow more banks to sell currency forwards to their clients to further nurture market demand and the nation's nascent derivatives market, the country's foreign exchange regulator said. Smaller Chinese banks that were previously disallowed from selling currency forwards ...
If there's a single word that best sums up his anticipation for next year's stock market, Edward Xiao said he would choose "bumpy." The 30-year-old office worker in Shanghai, who has been investing in stocks for nearly five years, is looking at 2011 with some trepidation. ...
Central bank advisor Li Daokui signaled more tightening in the year ahead. Li says more adjustments in rates and reserve requirements will be necessary in 2011, especially in the first half. But he says the pace and frequency should be acceptable to the market. China increased ...
Chinese insurers are expected to report a 25.1 percent increase in profits to 57.6 billion yuan ($8.69 billion) this year, Wu Dingfu, China Insurance Regulatory Commission (CIRC) chairman, said on Tuesday. According to the CIRC, the country's premium income in the first 11 months ...
The value of yuan gained as the central parity rate of Renminbi, China's currency, was set at 6.6247 per U.S. dollar Wednesday, compared with Tuesday's 6.6252, according to data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the ...
China's land sales may top 2 trillion yuan ($302 billion) this year as the nation tries to control rising home prices. Analysts said that surging land sales would be detrimental to the nation's economic health and the government must work to keep them low. The new prediction ...
With a series of measures being adopted to curb inflation, the government is confident it can keep consumer prices in check, Premier Wen Jiabao said during a radio broadcast Sunday, one day after the central bank raised interest rates. Mortgage interest rates were also raised by ...
The government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, after the central bank raised interest rates for a second time in just over two months. The central bank raised one-year lending and deposit interest rates by 25 basis points on Dec 26, ...
Chinese Premier Wen Jiabao (L) chats over the radio with residents from places hit by serious natural disasters in a live broadcasting program of China National Radio (CNR), Dec. 26, 2010. (Photo: www.cnr.cn With a series of measures being adopted to curb price spikes, the ...
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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 ...