china

China's bank loan demand is predicted to increase steadily, and the consumer price will continue to rebound in the fourth quarter, the central bank said in a report Friday. The expected credit surge is due to hefty capital demand for a number of under-construction projects, and ...
The People's Bank of China (PBOC), the central bank, continued to withdraw liquidity through open market operations this week, with a net drain of 133 billion yuan from the market, sending the net withdrawal in October to 156 billion yuan ($22.85 billion), the biggest monthly ...
China's No 2 PC maker, Founder Group, is raising a 2-billion-yuan ($292.89 million) private equity fund with a focus on technology, media and telecom sectors as it seeks new profit streams, sources said yesterday. It would be Founder Group's first private equity fund. Its bigger ...
China's national pension fund is preparing to boost private equity investments as the fund is expected to grow to 1 trillion yuan ($146.5 billion) in a year, up from $80 billion at the end of last year, Chairman Dai Xianglong said on Wednesday. Dai, head of China's National ...
Chinese investment abroad surged 190.4 percent year-on-year to $20.47 billion in the third quarter, the Ministry of Commerce said Tuesday in a statement on its website. The first nine months saw the overseas investment rise 0.5 percent year-on-year to $32.87 billion in 1,612 ...
China will take more measures to encourage private investment in the next stage of its 4-trillion-yuan ($585 billion) stimulus package, an official with the National Development and Reform Commission (NDRC) said Tuesday. The NDRC, the country's top economic planner, will allocate ...
China's main sovereign wealth fund is investing $500 million in a Canada-based company that mines coal in Mongolia, expanding its multibillion-dollar global shopping spree for resource assets. China Investment Corp CIC is investing in a 30-year secured debenture issued by ...
Shanghai has applied to regulators to launch a free exchange between the yuan and the New Taiwan dollar to enhance financial cooperation, the head of the Shanghai Financial Service Office said Sunday. "With growing trade between Shanghai and Taiwan in recent years, we hope that a ...
Chinese exporters should brace themselves for a steady rise in the value of the yuan while the steep hiking of asset prices looks set to continue, say analysts studying the movements of "hot money." Although the value of the yuan, China's currency, has hovered at around 6.83 to ...
Private equity (PE) investors are preparing for a more buoyant market in China during the next 12 months. More than 90 percent of PE investors surveyed by the professional services firm Deloitte said that investment activity in China's PE market will increase in the coming year, ...
Britain's Prudential Plc is studying a possible public offering in Hong Kong or Shanghai, becoming the latest multinational interested in listing in the fast-growing region, media reported yesterday. Plans being considered could see the British insurance giant raise up to several ...
A new report about the customer services provided by China's banks points out several areas for improvement. The Customer Service Committee of CATIS (CNCSC), a newly established organization aiming to promote the service level of enterprises within China, released the country's ...
The US government said on Thursday that China did not manipulate its currency against the US dollar and has made significant contribution to the world economic recovery during the first half of 2009. "No major trading partner of the United States" met the standards identified by ...
China Investment Corporation (CIC), the nation's sovereign wealth fund, announced Friday that it had closed the first phase settlement for the purchase of a 45 percent stake in Nobel Oil Group. The $300 million investment would be completed in two phases. In the first phase, ...
Fresh lending by banks in September breached the 500-billion-yuan ($73.24 billion)mark, beating economists' estimates, and just over a 100 billion yuan more than what the lenders funneled out in August, according to China's central bank. Banks loaned 516.7 billion yuan in ...
Industrial and Commercial Bank of China (ICBC) is in talks to buy a stake in Taiwan's Cathay Financial, sources said yesterday, in a deal that could be worth more than $3 billion. The talks come amid an easing of cross-Straits relations between the mainland and Taiwan, in hopes ...
Real estate website SouFun Holdings is planning to list its shares in the US capital markets in the first half of next year, sources close to the matter told China Daily yesterday. "With the property market reviving and sector competition intensifying, a public listing is vital ...
The Asian Development Bank (ADB) on Tuesday announced that it will issue its second renminbi- denominated "Panda" bonds in the domestic capital market of China. The issue will have a principal amount of one billion, a bullet maturity of 10 years, and a fixed coupon rate payable ...
The Bank of China (BOC), China's largest foreign exchange bank, announced Tuesday it had transacted more than 200 million yuan ($29.3 million) in cross-border trade settlement using the yuan since it launched the pilot scheme in April this year. By the end of November, BOC's ...
South African health insurance firm Discovery Holdings Ltd buys up to 25 percent of shares of China Ping An's health insurance sector in a move to tap the fast-expanding market in China. Ping An Insurance (Group) Company of China, Ltd said on its website Tuesday that Discovery ...
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 ...