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China ranks higher up on earth by stock market capitalization: BEIJING - China has 2,062 listed companies, ranking the second in the world by market capitalization of stocks, said Shang Fulin, chairman of the China Securities Regulatory Commission, Thursday. The number of stock investors has totaled 130 million, Shang said at a symposium ...

Counting Costs: Editor's note: We started out looking for stories that would tell us how life on the ground is responding to the rising yuan and price hikes. We found tales of courage, resilience and of lessons learned and mastered. There is no clearer barometer of change than a country's ...

A-share market financing hit 1t yuan 2010: China's A-share market set records in financing this year with 1.06 trillion yuan ($157.62 billion), exceeding the sum of fundraising in the last two years, which were 512 billion yuan in 2009 and 352 billion yuan in 2008, the Securities Times reported Wednesday. Statistics show ...

Developers lead stocks lower: China Vanke leads two-day slump for developers following rate rise SHANGHAI - Chinese stocks fell for a fifth day, capping the benchmark index's longest losing streak since July, on concern the government will need to step up interest rates increases to curb inflation. China ...

A yuletide gift for investors?: SYDNEY - China's Christmas Day interest rate increase was not exactly a bow-tied gift to investors but it is an opportunity. A failure by China to act firmly to stem price pressures would have had far more serious repercussions than continuing to tighten policy as investors would ...

Official forced to declare assets: Bureau chief comes clean to counter netizen's imaginative online post BEIJING - Zhang Li, an official in Central China's Hunan province, was forced to declare his assets, including five apartments, on Tuesday to prove his innocence after an alleged "impostor" posted the ...

China's stock market loses 2.5t yuan in H1: China's A-share stock market lost 2.5 trillion yuan by June 25 as the benchmark Shanghai Composite Index fell more than 700 points, or 22 percent, from the beginning of this year, China National Radio reported Monday. The Shanghai Composite Index fell all the way from 3,306.75 to ...

HK's millionaires soar by 104% in 2009: HONG KONG - The world's millionaires increased by 17.1 percent year-on-year in 2009, with Hong Kong's millionaire population up 104 percent, which is the fastest among the globe, according to a report released by Merrill Lynch & Co and Capgemini Wednesday in Hong Kong. The number ...

China leading indicator rises the most in 14 mths: Conference Board: A leading indicator for China jumped by the most in 14 months, adding to signs that the world's third-biggest economy is maintaining momentum as Europe's debt crisis threatens to undermine the global recovery. The measure gained 1.7 percent to 147.1 in April, compared with a ...

HK finance industry receipts up 45% in Q4: HONG KONG - HK's service industries fared better in the fourth quarter of 2009 compared to the same period a year earlier, with business receipts of the finance sector rising 45 percent, Hong Kong's Census and Statistics Department said Thursday. The robust growth of the finance ...

China's May consumer confidence weakens: BEIJING: Chinese spent less in May amid volatile stock market fluctuations in the wake of the European sovereign debt crisis, according to the latest reading of an index that gauges consumer confidence published Wednesday. The Bankcard Consumer Confidence Index (BCCI), compiled ...

China's stock market ranks world's No 2: China's A-share stock market has become the world's second-largest by market value after the United States, the China Center for Market Value Management (CCMVM) said in a report yesterday. The report said that as of the end of 2009, the value of the China's A-share market rose ...

China's consumer confidence index rises in Q4 of 2009: China's consumer confidence index (CCI) rose to 103.9 in the fourth quarter last year, up 3.1 percentage points from the previous quarter, said a report released on Jan 26 by the China Economic Monitoring & Analysis Center under the National Bureau of Statistics. The rise was ...

Consumer confidence index hits record high: China's consumer confidence index, or CCI, reached a record high over the past 30 months at the beginning of 2010, with a sustained upward trend, according to a report released Thursday. The report was jointly released by the world leading consulting company, Nielsen, and China ...

CITIC Securities net profit up 6.66% in Q3: CITIC Securities Co, China's largest listed brokerage, posted a 6.66 percent increase in net profit in the third quarter this year on broking business rise and the restart of initial public offerings. Net profit in the third quarter stood at 2.46 billion yuan ($360.18 million), ...

PetroChina's Q3 net profit down 23.2%: PetroChina Co, the listed subsidiary of China's biggest oil and gas producer, reported Wednesday a net profit of 30.8 billion yuan ($4.51 billion) in the third quarter, down 23.2 percent from a year earlier. Earnings per share were 0.17 yuan, declining 23.2 percent year-on-year, ...

PetroChina spends $1.4b in parent finance unit: PetroChina Co will spend 9.62 billion yuan ($1.41 billion) to raise its stake and increase the capital in the parent's finance unit to facilitate funding as China's biggest oil company accelerates overseas acquisitions. The shareholding in China Petroleum Finance Co, majority ...

Bank of China FY profit at 81b yuan: BEIJING: Chinese banks are likely to maintain their position as the world's most profitable lenders, as record lending last year helped bolster the world's third-largest economy amid the financial crisis, strengthening their profitability. The Bank of China, the nation's third ...

Alibaba says Q1 net profit rises 33.8%: HONG KONG: Chinese e-commerce company Alibaba Group said Thursday its net profit in the first quarter this year rose 33.8 percent year-on-year to 330 million yuan ($48.3 million), which also represented a quarter-on-quarter increase of 17.4 percent. In a statement filed to the ...

Majority shareholders in buyback boom: Majority shareholders are in a buyback boom amid China's sluggish market, the China Business News reported Wednesday. As of May 18, majority shareholders of 19 listed companies spent as much as 3.27 billion yuan buying back their stocks on the secondary market, according to ...

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China slams Japan's NHK governor's denial of Nanjing massacre: BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

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