finance

A senior official with China's central bank Wednesday called on lenders to balance their lending this year and to avoid abrupt loan fluctuations. The People's Bank of China (PBOC) will continue to optimize the lending structure and properly manage the pace of credit growth while ...
China's main commercial banks on Jan 19 were told by their supervisors to stop new lending and bill financing for the rest of this month, the China Securities Journal said earlier today, citing bank sources from Shanghai and Beijing. But the country's top banking regulator denied ...
Maintaining a basically stable exchange rate of the renminbi (RMB), China's currency yuan, would help the world economy go out of the global financial crisis and back on the track of growth, Minister of Commerce Chen Deming said in Beijing Tuesday. China would adjust the RMB ...
China had "good reason" to depreciate its currency during the global financial crisis as exports fell and chose instead to keep the yuan stable, central bank Deputy Governor Zhu Min said. "We took the same policy as we did in the Asian financial crisis; we decided to stabilize ...
China's exchange rate regulator said Tuesday it would work to promote balance of payment next year by stabilizing exports while expanding imports. The promotion of balance of payment should be the fundamental of the work in 2010 in order to safeguard the nation's economic and ...
Premier Wen Jiabao said yesterday that the nation will not bow to pressure from other countries to revalue the yuan because they are using the issue as a tool to curb China's development. He also cautioned against the possibility of rising inflation in the country next year and ...
China asked its financial institutions to let credit play a bigger role in guiding and promoting industrial structure adjustment while preventing risks, according to a statement posted on the website of the People's Bank of China (PBOC), the central bank, Wednesday. More ...
Goldman Sachs urges investors to buy in China, forecasts gains The biggest tumble in developing-nation stocks in 11 months is making investment strategists at Morgan Stanley, Credit Suisse Group AG and Goldman Sachs Group Inc as bullish as ever. Morgan Stanley's Jonathan Garner ...
Beijing should not bow to pressure from other countries, advisors say BEIJING: Top legislators and advisors defended the country's exchange rate policy on Thursday, saying the government should not buckle under US pressure for a sharp increase in the renminbi. If Washington uses ...
BEIJING: China must find the right balance in lending to ensure steady economic growth while keeping inflationary pressures in check, the country's top banking regulator said in remarks published on Tuesday. Liu Mingkang, chairman of the China Banking Regulatory Commission, said ...
Many Chinese stock buyers love to bet on short-term market movements on special occasions. Every year around the Spring Festival, they buy distillers, hotels and highway operators to cash in on the travel and consumption peak season. When National Day approaches on Oct 1, ...
SHANGHAI - China's stocks aren't a bubble and will gain by the end of the year as the government takes measures to prevent the economy from overheating, said Bob Doll, BlackRock Inc's chief investment officer for global equities. "I wouldn't characterize China stocks as a bubble,...
China's benchmark stock index may fall a further 17 percent to 2,500 in the first half as the government steps up measures to cool growth, according to Guotai Junan Securities Co, the nation's second-largest brokerage. The Shanghai Composite Index, which has declined 9.1 percent ...
SHANGHAI - The municipal government's plan to transform Shanghai into an international trade center has got approval from the Ministry of Commerce, but still needs to get final clearance from the State Council, said sources familiar with the situation. "Relevant documents, which ...
SHANGHAI: Chinese equities fell Monday, the first trading day of the Year of Tiger in the nation's lunar calendar, after a nine-day holiday break, as market participants considered new policies and rules the government adopted prior to and after the festival. The benchmark ...
BEIJING: With Chinese banks' record new lending in 2009 igniting fears about asset bubbles and bad loan, the banking regulator's latest rules aim to bring financial risk under control. The new directives order banks to focus on loan quality control, rather than quantity ...
BEIJING: China's banking regulator has issued two regulations that aim to tighten banks' lending and risk management controls. Banks must set a lending quota after "prudent calculation" of borrowers' "actual demand" and must not lend excessively, the China Banking Regulatory ...
Firms' stateside offerings suffer their longest decline in six years NEW YORK: Initial public offerings by Chinese companies in the US are suffering their longest slump since at least 2004 after providing twice the return of American IPOs over the past five years. Chinese ...
China's stock-index futures will allow investors to hedge risks from potential asset bubbles and make equities cheaper in the long-term, according to Macquarie Group Ltd, Australia's largest investment bank. Futures trading, which starts today, is part of China's push to provide ...
Market speculation grows on RMB appreciation after city state revalues SHANGHAI: Yuan forwards strengthened for the first time in four days after Singapore unexpectedly revalued its currency, spurring speculation the move will prompt China to allow appreciation. The Monetary ...
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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 ...