finance

By the end of June, CMBC's capital adequacy ratio increased from the beginning of the year by 0.29 percentage point to 10.73 percent. Senior executives of China Minsheng Banking Corp (CMBC), a major private lender in domestic market, said on Tuesday that its financing plan ...
China's manufacturing may contract at a slower pace in August as the world's second-biggest economy weathers slumping global confidence. A preliminary reading of 49.8 for a manufacturing index released by HSBC Holdings PLC and Markit Economics on Tuesday compares with a final ...
Dear Mr Shang Fulin, I expect you, as chairman of the China Securities Regulatory Commission and Party secretary, have seen China's stock market falling sharply these days, with a majority of investors suffering huge losses. After suffering sleepless nights, I, an ordinary ...
A China Construction Bank Corp (CCB) branch in Zhenjiang, Jiangsu province. CCB's first-half profit jumped more than 31 percent to a record as credit demand climbed. [China Daily] China Construction Bank Corp (CCB), the world's second-largest lender by market capitalization, said ...
The Basel Committee on Banking Supervision consists of 27 member states. Capital standards designed to fortify the global financial system are eroding as European officials, beset by a debt crisis, rewrite the regulations and the United States' rule-making stalls. The 27 member...
China's foreign-exchange regulator pledged Tuesday that it will continue to guard against speculative money inflows in the second half of this year. [Xinhua] China's foreign-exchange regulator pledged Tuesday that it will continue to guard against speculative money inflows in the ...
Citic Securities Co said Friday it plans to raise 5.14 billion yuan ($803.7 million) by selling a 31 percent stake in its China Asset Management Co unit to three parties. Citic Securities Co said Friday it plans to raise 5.14 billion yuan ($803.7 million) by selling a 31 percent ...
New U.S. ambassador to China Gary Locke (front) addresses the media at the ambassador's residence in Beijing, capital of China, Aug. 14, 2011, with his wife and three children standing behind him. [Xinhua/Xing Guangli] China's dollar investments in the United States remain safe ...
After the debt ceiling debate, the American people are trying to understand how the downgrading of America's AAA credit rating by Standard and Poor's (S&P) caused another "Black Monday" on the stock market. Is this downgrade a reliable evaluation? What does an "AA+" rating mean ...
The downgrade of U.S. government debt has shaken investor belief in U.S. government bonds as a risk-free investment option. Now investors are looking for alternative places to avoid risks. The Shanghai Composite Index plunged to 2,497.92 on Monday, the lowest record this year, ...
China's real estate developers face a greater pressure as their inventories pile up. [CFP] China's property developers saw their inventories surge in the first half of this year as government measures to cool the market have started to bite, latest statistics show. Total ...
Chinese equities plunged on Monday as the US credit rating downgrade jolted financial markets amid fears that the global economy may be heading back into recession. It was not just Shanghai's summer heat on Monday that caused brows to sweat. China's main share index ended down 3...
An old woman looks at the billboard showing the prices of the stocks at a securities company in Shanghai. [CFP] Chinese shares plummeted on Monday as rating agency Standard & Poor's lowered the U.S.'s sovereign credit rating, triggering investor worries of a new global recession. ...
China Everbright Bank, China's mid-size lender, reports an increase of 35 percent in H1 net profit. China Everbright Bank said Sunday that its net profit rose 34.77 percent year-on-year to 9.21 billion yuan ($1.43 billion) in the first half of this year. Business revenue reached ...
Product placement has long been ubiquitous in Hollywood movies. Everyone who watched the 1981 blockbuster E.T. remembers ET croaking out "Reese's pieces" while happily munching down the trail Elliot has left for him. In his later film, The Lost World: Jurassic Park, Steven ...
J.P. Morgan China's focus will be on serving large corporations and financial institutions in the country that have international needs, a senior company official says. [China Daily] JPMorgan Chase & Co said it aims to triple its revenue in China over the next five years by ...
Offshore market: Bank of China's New York branch (pictured) has allowed companies and individuals to buy and sell the yuan since January 2011 [WU KAIXIANG] Although China has made headway in reforming the exchange rate regime of its currency, the yuan, and expanding the use of it ...
A visitor is talking with HSBC staff at a financing exhibiton in Shanghai on November 18, 2007. The bank launched private banking services in China on Monday. HSBC will continue hiring and investing in China despite its plan to slash up to 30,000 jobs globally by 2013, its Asia...
British banking group HSBC said it will cut 30,000 jobs by 2013. British banking giant HSBC said Monday that it will cut 30,000 jobs worldwide by 2013, accounting for about 10 percent of its total employees, in an effort to carry on with its cost saving and operational restructur...
The Ministry of Finance has vowed to strengthen the management and monitoring of local government debt, and a mechanism for debt financing is under consideration to help prevent a potential default. The ministry identified management of the debt as one of its priorities for 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 ...