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China stocks 'range-bound' on exports, Citigroup says

China's exports face "strong headwinds" in the second half of the year from policy tightening measures and the European debt crisis, reducing prospects of a rebound in the stock market, Citigroup Inc said. Chinese stocks will probably stay "range-bound" pending clarity on ...

Stocks rise as social security fund buys 2b yuan of shares

SHANGHAI - Chinese shares rose Wednesday on news reports the national social security fund is buying shares. The benchmark Shanghai Composite Index edged up 11.69 points, or 0.5 percent, to close at 2,421.12. The Shenzhen Composite Index for China's smaller second exchange added ...

BOC to raise up to $8.86b in rights offer

Bank of China Ltd, Asia's third- largest lender by market value, plans to raise as much as 60 billion yuan ($8.9 billion) in a rights offer to replenish capital. The lender will sell 1.1 shares for every 10 held, or as many as 19.56 billion shares in Shanghai and 8.36 billion in ...

China's yuan weaker against US dollar Thursday

BEIJING - The central parity rate of the yuan, China's currency Renminbi (RMB), retreated to 6.7783 per US dollar Thursday from 6.7715 per US dollar Wednesday, according to the data released by the China Foreign Exchange Trading System. The central parity rate of the yuan ...

PBOC's explanation weakens yuan appreciation expectations

Since China's central bank, People's Bank of China, announced the further reform of the yuan exchange rate system on June 19, yuan appreciation expectations have eased despite the relatively larger fluctuations in the first and second week thereafter and based on the greater two...

67,359 firms now qualify for yuan settlement

China's central bank has expanded the number of trade companies qualified for cross-border yuan settlement to 67,359, according to a statement posted on its website Monday. Originally, only 365 companies were qualified. The People's Bank of China (PBOC) statement said the order ...

Gold, jewelery popular in China

SHANGHAI -- Gold jewelry is never just a bond of affection to the Chinese, it is also endowed with the hope of maintaining and increasing the value of assets as a surging investment demand seen around the country. In the previous 10 months, China's gold, silver and jewelry ...

Improving data boosts stocks for second day

SHANGHAI - Chinese mainland stocks rose for a second day as improving global economic data and speculation that Europe's debt crisis will be contained bolstered the outlook for the nation's exports. PetroChina Co and Jiangxi Copper Co led commodity stocks higher as crude and ...

PBOC adviser urges savings shift to stocks

China should channel its high level of savings from banks to the stock market in order to avoid risks to the financial system and further develop the capital markets, Bloomberg reported on Dec 2, citing the central bank adviser Li Daokui. Li's concerns about the nation's rising ...

Mainland may open interbank bond market to HK insurers

The Chinese mainland is studying plans to allow Hong Kong insurers to invest in its interbank bond market and for mainland companies to issue yuan bonds in Hong Kong, as part of efforts to internationalize its financial markets and the yuan, Reuters reported on Dec 1, citing Hong ...

New old-age pension promises dignified life for seniors in China's rural areas

BEIJING - A new old-age pension for China's rural senior citizens is giving them economic independence.Long Chengde, 69, from Quzhou county in north China's Hebei province smiles as he holds a gray deposit book. In 2010, Long and his wife received 1,320 yuan ($about 200), or 55 ...

President vows efforts to help low-income people

BEIJING - Governments at all levels should invest more money and supply more land to housing projects to provide more affordable homes for low-income people, President Hu Jintao said on Wednesday. Hu made the remarks while visiting low-income families in Beijing ahead of the New ...

China, Russia agree to cooperate on tourism safety insurance

MOSCOW - China Life Insurance Co, Russia's Rosstrakh Insurance Company and travel association "World Without Borders" inked a deal in Moscow Friday on setting up a cooperative mechanism of travel safety insurance between China and Russia. The agreement allows insurance companies ...

Xinjiang pilots cross-border yuan investment settlement

URUMQI - China selected the Xinjiang Uygur autonomous region as the country's first experimental region for cross-border yuan investment settlements on Friday. The action is aimed at enhancing the development of Xinjiang and its economic relationship with neighboring countries, ...

Gold drops on China interest rate hike rumor, stronger dollar

CHICAGO - Gold futures on the COMEX Division of the New York Mercantile Exchange on Friday suffered a sharp drop, falling below $1,400, on a stronger dollar and speculation that China will raise interest rates to tame inflation. The most active gold contract for December delivery ...

SMEs 'need more help' to secure funding

BEIJING - The increasing financial needs of small and medium-sized enterprises (SMEs) in China mean that financial institutions must be more innovative to support their development, a survey showed. Of the 2,300 SMEs surveyed, only 59 percent raised money to support growth by ...

Macao to keep pegging pataca to HKD despite inflation pressure

MACAO - The government of Macao Special Administrative Region (SAR) deems it "undesirable" to change its existing exchange rate mechanism which has seen the pataca pegged to the Hong Kong dollar, the SAR's Monetary Authority said in a statement released on Friday.The Monetary ...

Chinese market gaining clout in Denmark

COPENHAGEN - The Chinese market is gaining clout in the global economy, and ranks only after North America in importance for Danish companies, a Danish newspaper said Wednesday. According to a report in the Berlingske Tidende, Danish companies now expect to consolidate their ...

Economy faces major challenges

BEIJING - The Chinese economy faces great pressure this year from rising global trade and investment protectionism and a possible surge in inflation, a senior government official said on Thursday. "Trade protectionism is obviously intensifying, with some countries using self...

Chinese economy to stabilize in Q4

RBS: Downside risks may appear in 2011 as external demand weakens BEIJING - The Chinese economy will start to stabilize in the fourth quarter after the recent marked slowdown due to government tightening measures, but it might face downside risks next year as external demand ...
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China's reform leading group holds first meeting
China's reform leading group holds first meeting
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China stocks close higher over liquidity injection
China stocks close higher over liquidity injection
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China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
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world

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GM China chairman to retire
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company

industry

Super car club in commercial drive
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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 ...
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Injured star short-track skater Wang Meng left out of China's squad for Sochi
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