china

BEIJING: More wealthy Chinese are buying overseas properties for better investment returns as skyrocketing property prices in the country makes domestic home purchases more risky. Santhosh Joseph, the developer of a $4 billion hotel and residential project in Dubai, said on ...
China's small- and medium-sized rural financial institutions developed fast in 2009, and the total profit reached 71.6 billion yuan ($10.49 billion), the Shanghai Securities News reported on Friday, citing the China Banking Regulatory Commission (CBRC). A total of 62 rural ...
Chinese equities advanced on Friday, led by non-ferrous metal stocks and property developers. The benchmark Shanghai Composite Index rose 0.71 percent, or 21.66 points, to close at 3,067.75 points. The Shenzhen Component Index advanced 0.95 percent, or 116.19 points, to end at 12...
HSBC Global Asset Management bought China's bank stocks even amid concerns that record credit growth will increase bad loans and accelerate inflation. Non-performing loans related to project financing won't become a problem until 2012, said Mandy Chan, investment director of ...
SHANGHAI - Most mainland stocks rose as media and technology companies gained on speculation the government may start to allow bundling of telephone, Internet and television services, overshadowing declines by banks. Cable television operator Beijing Gehua CATV Network Co ...
Several State-owned enterprises (SOEs) have accumulatively received 135 billion yuan ($19.78 billion) credit quota from banks in a week, contributing to their lavish purchase of "land kings", said a Securities Times report on March 18. SOEs' huge credit quota stimulated their ...
Chinese equities closed mixed on Thursday, with the benchmark Shanghai Composite Index down 0.14 percent or 4.39 points to close at 3,046.09 points. The Shenzhen Component Index advanced 0.02 percent, or 2.95 points, to end at 12,236.73 points. Combined turnover stood at 188 ...
China's property prices won't plunge this year, two of Hong Kong's biggest developers with operations on the mainland said yesterday, as the World Bank joined economists and hedge fund managers warning of a bubble. "China's home prices won't drop too much, as the government can't ...
Shanghai's financial district may begin trials for allowing foreign investment in yuan-denominated private equity funds, the Oriental Morning Post reported today, citing an unidentified person familiar with the situation. Foreign capital may be allowed to invest in the funds ...
China's government will issue 26 billion yuan ($3.8 billion) of book-entry treasury bonds from Thursday, the Ministry of Finance (MOF) said in a statement posted on its website Wednesday. The bonds, with a term of three years, have a fixed annual interest rate of 2.23 percent, to ...
Chinese equities rallied nearly 2 percent Wednesday, on the US Federal Reserve's pledge to keep interest rates near zero for an extended period. The benchmark Shanghai Composite Index advanced 1.93 percent or 57.64 points to close at 3,050.48 points. The Shenzhen Component Index ...
China UnionPay announced on Tuesday that it had expanded its mobile pay trial program, covering three provinces -- Shandong, Hunan and Sichuan -- plus three cities: Shanghai, Ningbo, and Shenzhen, Xinhuanet reported. The new payment business on the platform of mobile phones will ...
Taiwan financial regulator issued a draft on Monday allowing cross-Straits operations and investment for financial, securities and futures and insurance businesses, according to Xinhua News Agency. According to the draft, qualified mainland banks, brokerage companies and ...
Investors opened the most accounts to trade Chinese stocks last week in three months as households shifted funds into equities to protect against faster inflation. Individual investors opened 352,203 accounts, data from the nation's clearing house showed Wednesday, the most since ...
Fidelity International's Anthony Bolton, one of the UK's best known and top performing asset managers, said he plans to return to managing money next year, with a focus on the increasingly important China market. Bolton, who retired from active fund management in 2007, said he ...
Chinese equities closed higher on Tuesday, with the benchmark Shanghai Composite Index up 0.53 percent or 15.9 points to close at 2,992.84 points. The Shenzhen Component Index closed at 11,948.76 points, up 45.43 points, or 0.38 percent. Combined turnover shrank to 121.56 billion ...
China's national government pension fund, the Social Security Fund (SSF), yielded 84.9 billion yuan ($12.44 billion) on its investments in 2009, with a return rate of 16.1 percent, the 21st Century Business Herald reported on Tuesday, citing the National Council for Social ...
More than half of Chinese bankers expect the monetary policy to stay unchanged in the next quarter, a survey by the central bank said. According to the survey, 60.5 percent of the bankers thought this quarter's monetary policy was "moderate", down 5.9 percentage points from the ...
China may pick six brokerages to take part in margin trading trials, the China Securities Journal reported today, citing an unidentified person familiar with the situation. Citic Securities Co, Haitong Securities Co, Guotai Junan Securities Co, GF Securities Co, Guosen Securities ...
Mutual funds will be the key beneficiaries from both China's GDP growth and a rise in personal incomes over the next 10 years, as fund holdings make up an ever-larger percentage of household assets, said Michael McCormack, executive director at Z-Ben Advisors in Shanghai. He said ...
Chicago unveils Chinese New Year celebrations
Chicago unveils Chinese New Year celebrations
CHICAGO -- Chicago held a ceremony Friday at the landmark Daley Civic ...
UN chief, Syrian FM in verbal clash at conference
UN chief, Syrian FM in verbal clash at conference
The first day of the peace conference in Montreux, was marked by ...
Chaos on streets after three reported killed in Kiev
Chaos on streets after three reported killed in Kiev
Three people have reportedly been killed in Ukraine's capital Kiev ...
Panel to push financial reform in FTZ
Panel to push financial reform in FTZ
Financial reform in the China (Shanghai) Pilot Free Trade Zone will ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...
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 ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...
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...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...