finance

Yuan appreciation hopes, rampant dollar carry trade possible causes Beijing - The government is facing pressure to curb abnormal capital inflows into the country, the State Administration of Foreign Exchange (SAFE) said on Thursday, even as analysts warned that such pressures ...
An investor watches share price movement at a brokerage in Fuyang, Anhui province. Some brokerages and fund managers are getting more bullish on China's stocks. An Xin / for China Daily Assets of Chinese companies stand to appreciate along with yuan's value SHANGHAI - China's ...
TORONTO - US President Barack Obama believes that China's currency will rise by a large margin and Washington will be "paying attention" to Beijing's further exchange rate reforms in the coming months. A bank teller counts 100 yuan notes in a Bank of China branch in Beijing. ...
Investors check stock prices on a screen at a securities trading fi rm in Shanghai. Beijing's ending of the yuan's peg from the dollar last week temporarily boosted some share prices on the domestic securities A-share market. [Kevin Lee / Bloomberg] De-pegging from the dollar ...
Obama says it's too soon to tell if China's currency policy change will be sufficient BEIJING - China's yuan surged on Friday to its highest level in the past five years, with the central bank setting the reference central parity rate at 6.7896 against the dollar, already more ...
A traffic warden directs traffic in front a branch of Agricultural Bank of China in Shenyang, Liaoning province June 23, 2010. [Agencies] HONG KONG - Agricultural Bank of China plans to raise up to $11.4 billion in the Hong Kong leg of its dual-exchange IPO, sources close to the ...
A businesswoman from Taiwan gets new Taiwan dollar exchanges from a bank in Shanghai. [Pei Xin / Xinhua] Historic trade agreement to allow cross-Straits financial freedoms BEIJING - Mainland and Taiwan financial institutions are expected to accelerate their expansion into the ...
SHANGHAI - China started allowing the yuan to trade against the Russian rouble in the interbank market from Monday as policymakers promote the currency's use in global trade and finance. The move will help "facilitate bilateral trade between China and Russia and help develop yuan ...
A customer calculates vegetable prices at a supermarket in Beijing.[Photo / China Daily] Higher yuan could help curb rapidly rising consumer prices BEIJING - The fluctuation range of China's currency exchange rate can be further broadened to help curb rising inflation, Li Daokui, ...
SHANGHAI - China's benchmark stock index rose to the highest in a week as PetroChina Co advanced on the prospect of increasing profit. Consumer companies slid on concern recent gains have been excessive. PetroChina added 4.72 percent on Monday after BNP Paribas predicted China ...
Uncertainty over monetary policy tightening blamed for movements SHANGHAI - 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 ...
SHANGHAI - China's monetary policy measures have showed effective results so far, Du Jinfu, deputy governor of the People's Bank of China (PBOC), the central bank, said on Wednesday. But he also stressed the need to develop mechanisms for counter-cyclical control of credit to ...
SHANGHAI - Loan growth of around 15 percent in 2011 will be sufficient to underpin China's economic growth, a central bank adviser said on Thursday, adding to signs that lending targets will be cut next year to slow credit growth. The comments by Xia Bin reinforced expectations ...
A pedestrian passes the People's Bank of China. The central bank has raised the benchmark lending rate twice since mid-October. [Photo / China Daily] BEIJING - Core inflation should be considered more important than the consumer price index (CPI) when the People's Bank of China ...
BEIJING - China is preparing to adopt a new standard using more advanced technologies for the identification of its currency notes, the yuan, beginning in May 2011, officials said on Monday. The mandatory standard, coded GB 16999-2010, has been approved by the General Administrat...
BEIJING - The People's Bank of China (PBOC), or the central bank, announced on Tuesday it would continue the moderately loose monetary policy and make it better-targeted and more flexible in the coming months of this year. Manufacturing continues to expand The central bank said ...
Spectators at a recent agricultural exhibition held in Nanjing, Jiangsu province. China's agriculture output is affected by bad weather, however, agriculture-related stocks witnessed continuous growth in markets. [Photo / China Daily] Shares in the agricultural sector defy fall ...
SHANGHAI - Mainland stocks rose, sending the benchmark index to a seven-month high, amid speculation capital inflows will increase on US quantitative easing and the central government will succeed in boosting domestic consumption. Poly Real Estate Group Co climbed the most in two ...
Mutual funds investing overseas to spur inflows to emerging markets SHANGHAI - China will boost the number of mutual funds that can invest overseas next year, spurring inflows into other emerging markets and slowing the yuan's appreciation, according to fund research companies Z...
China will continue reforms in its exchange-rate mechanism over the next few years and gradually realize capital account convertibility, said Zhou Xiaochun, the central bank governor, on Tuesday at a financial forum, the China Securities Journal reported Thursday. Special ...
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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 ...