china

The central bank yesterday raised the reserve requirement ratio - the proportion of deposits that banks must hold in reserve - in a clear sign that it was determined to drain excessive liquidity in the market and curb lending. The 0.5 percentage point increase is effective Jan 18...
The ChiNext went up on Tuesday as 40 of the 42 shares at China's start-up board for small and medium-sized enterprises gained. The board, which is based in Shenzhen and started trading on October 30, 2009, is tailored to the needs of enterprises engaged in independent innovation ...
Chinese stocks closed up Tuesday with the key Shanghai bourse index rising 1.91 percent. The benchmark Shanghai Composite Index gained 1.91 percent, or 61.22 points, to close at 3,273.97 points. The Shenzhen Component Index rose 1.67 percent, or 220.16 points, to close at 13,381...
China's approval of short sales and stock index futures paves the way for foreign investors to bet on a convergence in valuations between Shanghai and Hong Kong. The China Securities Regulatory Commission cleared the overhaul of trading laws on Jan 8 that will also permit buying ...
A new index designed to measure and monitor the performance of high growth Chinese small and medium-sized enterprises (SMEs) trading in stock exchanges outside the mainland has been launched. New York Pacific Capital (NYPC), a global merchant bank, announced the launch of NYPC ...
Hong Kong stocks closed up 114.77 points, or 0.51 percent, at 22,411.52 on Monday. Turnover rose to HK$74.18 billion ($9.57 billion) from Friday's HK$71.93 billion.
The ChiNext went up on Monday as 25 of the 42 shares at China's start-up board for small and medium-sized enterprises gained. The board, which is based in Shenzhen and started trading on October 30, 2009, is tailored to the needs of enterprises engaged in independent innovation ...
Chinese equities closed mixed on Monday with the key Shanghai index edged up 0.52 percent. The benchmark Shanghai Composite Index gained 0.52 percent, or 16.75 points, to close at 3,212.75 points. The Shenzhen Component Index declined 0.8 percent, or 106.35 points, to close at 13...
The government on Friday gave the green light for stock index futures, margin trading and short selling in a milestone move that ends the one-way trade in the capital market. An official with the China Securities Regulatory Commission (CSRC) said on Friday that the State Council ...
China publicized draft regulations for government investment Thursday to solicit public opinions, a move expected to better regulate investment and improve investment efficiency. To shun from extravagant government buildings or projects simply built to boost image, the draft ...
The banking regulator has approved three banks' plans to set up consumer financing companies, as part of the government's efforts to boost domestic consumption. Bank of China (BOC), Bank of Beijing and Bank of Chengdu are the lenders who would set up the three consumer finance ...
The People's Bank of China, the central bank, reiterated on Wednesday that it will maintain a moderately loose monetary policy in 2010 and improve the focus and flexibility of the policy according to new circumstances. The monetary policy in 2010 would aim to maintain a stable ...
China's central bank surprised the market yesterday by raising the auction yield of its three-month bills for the first time since mid-August, and the significant step-up in liquidity tightening sent offshore non-deliverable interest rate swaps (NDIRS) sharply higher. The People...
China's state-owned enterprises (SOE) are being told to be prudent of venturing on the stock and real estate markets amid the complicated and fickle economic conditions. The centrally-administered SOEs should be vigilant of investment risks and maintain stable operation while ...
China's banking regulator Wednesday approved the establishment of the country's first three consumer financing companies, which are scheduled to be started in Shanghai, Beijing and Chengdu, according to the financial services authority in Shanghai Wednesday. The Bank of China, ...
A rally by China's stocks may fade from the second quarter as inflation triggers "significant policy tightening" by the government and the US economy weakens, Deutsche Bank AG said. The MSCI China Index may still end the year 15 percent higher, Ma Jun, Deutsche Bank's Hong Kong...
The Chinese government will continue encouraging outbound investment while attracting foreign investment in 2010 for "stable and relatively fast" growth of the country's economy, a government official has said. Outbound investment, or "go-global" strategy, should aim at making ...
Shanghai Pudong Development Bank (SPDB), a medium-sized commercial bank, said its net profit grew 5.4 percent to 13.2 billion yuan ($1.93 billion) last year. The lender, which is partly owned by Citigroup Inc, also said 2009 revenue rose 5.43 percent to 36.4 billion yuan in a ...
With economists predicting robust growth in China this year, the nation's capital market is also expected to maintain its upward march bolstered by strong earnings numbers from listed firms, said a leading securities firm. China's A-share market is likely to grow nearly 2.8 times ...
With 169 million Chinese estimated to be over the age of 60, the country's fourth-largest life insurer plans to invest 5 billion yuan ($732.36 million) in a retirement community for seniors in Beijing. "We've got a 300 hectare site reserved in Changping district for the ...
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 ...