finance

New banking, securities and insurance regulators have been appointed in the biggest reshuffle of financial officials for almost a decade. [From left to right: Shang Fulin, Guo Shuqing, and Xiang Junbo] Shang Fulin, 59, former chairman of the China Securities Regulatory Commission ...
[By Zhou Tao/Shanghai Daily] For a long time Wenzhou in Zhejiang Province, a hub of private enterprises, has arguably been a poster child of China's robust private sector. Yet the recent cash flow debacle that unfolded there has seriously called that perspective into doubt. ...
A combined photo shows Guo Shuqing (L), former chairman of China Construction Bank Corp. and Xiang Junbo, former chairman of Agricultural Bank of China Ltd. [File photo] China Construction Bank Corp. chairman Guo Shuqing and Agricultural Bank of China Ltd. chairman Xiang Junbo ...
The current difficulties being encountered by small and medium-sized enterprises (SME) in securing bank loans amid tightened monetary policies are providing more bargaining power for private equity and venture capital (PE/VC) companies when striking deals. In the face of severe ...
Highly driven Tsang sees potential for strong growth across China. Judging from appearances, Katherine Tsang is not the typical boss of an international bank that can measure its history back more than 150 years. Her obvious feminine tastes and her delicate face, resembling that ...
Foreign banks' total assets in China grew steadily between 2003 and 2007, stalled in 2008 and 2009 at the time of the stimulus plan, and grew again in 2010. [File photo] Foreign banks in China are still fighting hard to define their role in the Chinese market and expand their ...
By the end of August, outstanding property loans among Chinese commercial banks reached 10.4 trillion yuan, accounting for 19.8 percent of their total outstanding loans. [File photo] Results of a recent stress test show that commercial lenders in China can take as much as a 40 ...
The U.S. Federal Reserve's holdings of the government debt on behalf of central bankers and institutional investors outside the country has plunged $76.5 billion in the last seven weeks. [Photo/CNS] International central banks are selling the most U.S. Treasuries since the credit ...
China's new yuan-denominated loans in September reach 470 billion yuan. [File photo] China's new yuan-denominated loans in September stood at 470 billion yuan (73.7 billion U.S. dollars), a drop of 131.1 billion yuan from the same month of last year, the People's Bank of China ...
Ping An Insurance (Group) Co. of China yesterday denied that its banking unit Ping An Bank will be deregistered next February. [File photo] Ping An Insurance (Group) Co. of China Ltd., Ping An Bank's parent company, Tuesday denied recent reports in the media that the bank will be ...
The 7-day National Day Holiday, dubbed as the "Golden Week" for businesses, has obviously disappointed real estate developers with gloomy sales results. Official statistics show that in the first five days of the holiday, only 547 housing units were sold in Beijing, down 24 ...
The country's first gold ATM is officially put into use in Beijing's Wangfujing Street on Sunday. It was shut down again the same day due to technical problems. The machine dispenses gold bars and coins and is operated by Gongmei Gold Trading. [Photo/China Daily] China's first ...
Many foreign banks are located in the Financial Street in Beijing. Foreign banks have been increasing rapidly and their deposits grew 43 percent from 2009 to 2010. [China Daily] Earnings of foreign banks in China grew more slowly last year than those of their Chinese counterparts...
Real estate projects under construction in Wenzhou, Zhejiang province. Many local developers have turned to underground financing as China tightens bank lending policies. [China Daily] Months before the central government declared war on the "gray" money market, merchants in ...
M2 increased 13.5 percent year-on-year as of the end of August, the slowest growth rate in six years, according to data released by the PBOC on Sept 11, 2011. [Photo/China Daily] The Chinese central bank said Monday that the slower pace of money supply growth in August was within ...
JPMorgan China CEO Fang Fang predicted Sunday that the price of gold will rise to $2,000 per ounce at the end of this year. [Photo/Xinhua] JPMorgan China CEO Fang Fang predicted Sunday that the price of gold will rise to $2,000 per ounce at the end of this year and continue ...
Shanghai takes measures to give small business more access to loans. [Web photo] Shanghai encourages overseas and out-of-town investors to set up small-sum credit companies in a bid to help the city's small enterprises have access to loans, local financial authority said ...
Bank of America Corp's (BofA) sale of half its stake in China Construction Bank Corp (CCB) will have a "very limited" effect on China's banking industry, analysts said on Tuesday. BofA, the largest US lender by assets, announced on Monday it had agreed to sell 13.1 billion Hong ...
Visitors look at a huge moon cake exhibited in a food fair in Chengdu, Sichuan province, on Sunday. [Photo /China Daily] The approach of the Mid-Autumn Festival has reignited debate about China's "mooncake tax." Despite the tax having been levied for the past two years, grumble ...
China Life Insurance Co Ltd said that it will issue 30 billion yuan ($4.7 billion) in subordinated debt to replenish capital and increase its solvency ratio.[China Daily] Debt issues will be a more regular option for China Life Insurance Co Ltd, the world's largest life insurer ...
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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 ...