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Hong Kong stocks close down 0.9% -- January 18

Hong Kong stocks lost 194.15 points, or 0.9 percent, to close at 21,460.01 on Monday. Turnover fell to HK$69.04 billion ($8.90 billion) from Friday's HK$84.28 billion ($10.87 billion).

China to dominate IPOs in 2010, say analysts

Industry analysts say they are confident that China, among other emerging nations, will continue being the star of initial public offerings (IPOs) in 2010, and the US capital market would still be its first choice. "I'm optimistic that the trend (that Chinese companies raise more ...

BOC ready for opening Taiwan branch

Bank of China (BOC), the country's largest foreign exchange lender, said it had already completed the preparatory work for establishing its Taiwan branch, according to a statement on the bank's website. The bank will submit the application documents as soon as detailed regulation...

Hong Kong stocks close 0.29% lower -- January 15

Hong Kong stocks shed 62.79 points, or 0.29 percent, to close at 21,654.16 on Friday. Turnover totaled HK$84.28 billion ($10.81 billion), compared with Thursday's HK$84.20 billion.

ChiNext stock market down -- January 15

The ChiNext stock market went down on Friday as 29 of the 42 shares at China's start-up board for small and medium-sized enterprises fell. The board, which is based in Shenzhen and started trading on October 30, 2009, is tailored to the needs of enterprises engaged in independent ...

Chinese shares rise on Friday

Chinese equities edged up for the second straight day Friday, led by real estate developers stocks. The benchmark Shanghai Composite Index rose 0.27 percent, or 8.6 points, to close at 3,224.15 points. The Shenzhen Component Index gained 0.46 percent, or 60.18 points, to close at ...

Chinese shares close up after tumble the previous trading day

Chinese stocks closed up on Thursday after tumble on the previous trading day. The benchmark Shanghai Composite Index rose 1.35 percent, or 42.89 points, to close at 3215.55 points. The Shenzhen Component Index gained 1.44 percent, or 187.63 points, to close at 13,204.19 points. ...

ChiNext stock market up -- January 14

The ChiNext went up on Thursday as all 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 ...

ADB chief says China's latest move to rein in liquidity appropriate

Asian Development Bank (ADB) President Haruhiko Kuroda said Thursday China's move to raise the bank reserve requirement this week will help cool down the overheating real estate sector but will not undermine the country's strong recovery. The Chinese central bank announced late ...

China's move to raise bank reserve ratio draws global response

The decision of the People's Bank of China (PBOC), the central bank, to increase the deposit reserve requirement ratio has drawn worldwide attention and fluctuations in global markets. The PBOC decided on Tuesday to raise the deposit reserve requirement ratio by 0.5 percentage ...

China embarks on journey to manage liquidity

China has moved and is expected to take more steps to rein in excessive money supply, which resulted in rising concerns of inflation and a bubble in the property market, experts say. The latest move came from the People's Bank of China (PBOC), the central bank, which announced ...

Index futures on deck for foreign investors

Foreign investors will be able to trade China's new stock index futures within two or three years, according to Leo Melamed, chairman emeritus of CME Group Inc, the world's biggest futures exchange. The China Securities Regulatory Commission said last week that it will allow ...

Affordable housing for needy on the way

China plans to restructure shanty towns in the country and clear up idle land to increase land supply, in the latest efforts to add more affordable housing for low-income families, government officials said yesterday. "We are striving to finish the restructuring of shanty towns ...

Hong Kong stocks close 2.59% lower on Wednesday

Hong Kong stocks shed 578.04 points, or 2.59 percent, to close at 21,748.60 on Wednesday after China's central bank raised bank reserve ratio after the market close on Tuesday. Turnover totaled HK$97.62 billion ($12.52 billion), compared with Tuesday's HK$81.22 billion.

Hong Kong stocks close 2.59% lower -- January 13

Hong Kong stocks shed 578.04 points, or 2.59 percent, to close at 21,748.60 on Wednesday after China's central bank raised bank reserve ratio after the market close on Tuesday. Turnover totaled HK$97.62 billion ($12.52 billion), compared with Tuesday's HK$81.22 billion.

ChiNext stock market up -- January 13

The ChiNext Index closed up on Wednesday as 22 out of the total 42 stocks rose at China's start-up board for small and medium-sized enterprises. The board, which is based in Shenzhen and started trading on October 30, 2009, is tailored to the needs of enterprises engaged in ...

Chinese shares slide to one-month low Monday

Chinese shares slid Monday, dragging down the benchmark index to a one-month low. The benchmark Shanghai Composite Index fell 1.09 percent, or 34.18 points, to close at 3,094.41 points. The Shenzhen Component Index lost 1.00 percent, or 125.75 points, to close at 12,470.19 points...

Central bank urges more loans for rural development

China's central bank asked the nation's lenders to increase loans for rural development as farmers and rural business still had limited access to financing. Banks should issue more microloans to farmers to foster rural industries and urbanization, Liu Shiyu, deputy governor of ...

BOC to sell 40b yuan of convertible bonds

The Bank of China (BOC) board has agreed to sell up to 40 billion yuan ($5.86 billion) of bonds convertible to A shares to improve capital adequacy. The proposal will be turned into the first temporary shareholders' meeting in 2010, which will be held on March 19, for approval. ...

ATM knife robbery suspects arrested

Two men suspected of stabbing two ATM users and robbing them of 100,000 yuan ($14,647) were arrested in Hebei province by Beijing police on Saturday. Police said they also recovered 92,000 yuan and returned it to the victims. Li Jiang, a 23-year-old from Fengtai district, was a ...

Latest World News

world

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 ...

market

finance

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 ...

company

industry

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 ...

trade

sports

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 ...
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