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Banks' stocks tank on A-share market

Banking stocks slip Monday over reports that the central bank will further tighten liquidity. [CFP] Banking stocks in China's A-share market declined on Monday, following media reports that the central bank will further tighten liquidity by requiring lenders to include margin ...

China Life plans 'more regular' issues of debt

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 ...

Taikang Life looks for dual listings

A Taikang Life Insurance Co Ltd billboard in Shantou, Guangdong province. The company's net assets exceeded 14 billion yuan ($2.19 billion) as of June 30. [China Daily] Taikang Life Insurance Co Ltd, the country's fifth-largest life insurer, plans to have a dual listing in Hong ...

Interbank rate tops 4%, interest hike suspicions grow

Follow the stock market. Get the updates you need to make sense of the dynamic, global economy. China.org.cn brings you the economic highlights for this week: 1. One-week interbank rate breaks 4%, interest hike expectations grow The overnight Shanghai Interbank Offering Rate rose ...

Minsheng's financing plan awaiting approval

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 ...

Letter makes plea for better market regulation

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 ...

Out with the old, in with the new

A chocolate factory in Nantong, Jiangsu province. Chinese manufacturers are upgrading their equipment to gain an edge in competition and reduce energy consumption. [Photo / China Daily] China determined to upgrade its machinery and improve environment SHANGHAI - The old-fashioned ...

Out with the old, in with the new

A chocolate factory in Nantong, Jiangsu province. Chinese manufacturers are upgrading their equipment to gain an edge in competition and reduce energy consumption. [China Daily] The old-fashioned machines in the factory of Jinbiao Woolen and Textile Mills Co Ltd in an underdevelo...

Wall Street down for fourth week on economic fears

As of Friday's close, the Dow Jones industrial average lost 172. 93 points, or 1.57 percent, to 10,817.65. [Xinhua] The sell-off in Wall Street continued on Friday, with major indexes suffering losses for the fourth straight week, as concerns over European debt problems and U.S. ...

Gold hits new record above $1800

Gold futures on the COMEX Division of the New York Mercantile Exchange jumped for the fourth session in a row on Thursday, settling above 1,800 dollar per ounce. The price of gold hit a new record high on Thursday, settling above 1,800 dollar per ounce, as investors sought a safe ...

Tudou tumbles on Nasdaq debut

Shares of Tudou fall below its offering price on the first day of trading on Nasdaq stock exchange. Tudou, China's second-largest video site, took a pummeling Wednesday in its first day of trading on the Nasdaq stock exchange, closing below its initial offering price. Shares of ...

'hiPhone' Now A Hot Commodity on Taobao

Fake iPhones are displayed at a mobile phone stall in Shanghai August 11, 2011. [Photo: Agencies] Apple might be shocked to know some Chinese consumers are already enjoying the benefits of its latest flagship product, the iPhone 5, nearly a month before the official launch. A hot...

Tudou to debut on Nasdaq

Tudou,China's second-largest video website will debut on Nadaq Wednesday.[CFP] Tudou, China's second-largest video Web site, is set to begin trading on the Nasdaq exchange on Wednesday, issuing 6 million American depository shares at an expected price of US$29 per share. Assuming ...

New loans, money supply growth down in July

Follow the stock market. Get the updates you need to make sense of the dynamic, global economy. China.org.cn brings you the economic highlights for this week: 1.Electricity consumption up 11.8 percent in July China consumed 434.9 billion kilowatt-hours of electricity in July, up ...

US credit rating agency under fire

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 ...

Gold forecast rises on France downgrade fears

European and American stock markets dropped sharply Wednesday, and gold price climbed to a third record of over US$1,800, as rumors swirled that France may lose its top-notch AAA credit rating. European and American stock markets dropped sharply Wednesday, and gold price climbed ...

HK bourse website hacked Wednesday

The HKEx has been attacked by hackers before, but not on such a large scale. HK bourse website hacked Wednesday The Hong Kong Stock Exchange (HKEx) halted trading of several listed companies Wednesday afternoon citing "technical difficulties" with its news Web site likely caused ...

Car Rentals Hit Top Gear as Road to Growth Beckons

China Auto Rental advertises 24-hour service and convenient car rental procedures on a billboard in Shanghai. [Photo: China Daily] Air tickets are too expensive, trains aren't always safe, cabbies are on strike and car purchases are still limited. For bank clerk Lian Ping, it ...

Apple briefly passes Exxon Mobile in market value

In January, Apple has just surpassed PetroChina as the second largest company by market value. Apple briefly overtakes Exxon Mobile in market value Apple Inc., a company that was on the verge of bankruptcy in 1997, temporarily surpassed Exxon Mobile on Tuesday to be the world's ...

Australian Shares Extend Rebound by Fed's Stance

Australian share prices extended Tuesday's massive rebound on Wednesday after extreme volatility in overseas markets. Market analysts believe this can be attributed to the US Federal Reserve's latest pledge to keep interest rates near zero for at least two years. How will it ...
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Yao's gift of sport for all
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