china

A property tycoon has questioned the government's commitment to keeping a cap on rising property prices after it was revealed that the housing market is now responsible for half of the capital's GDP. Ren Zhiqiang, chairman of Hua Yuan Real Estate Group, said he wondered about ...
Funds for overseas investment run by qualified domestic institutional investors (QDII) in China are still having a hard time attracting customers who seem happier to focus on the more appealing domestic market. E Fund Management Co Ltd, the country's fifth largest mutual fund ...
Zhanjiang Port (Group) Co, managing the 16th largest port in China, is seeking a domestic listing in the second half of this year, company sources said. The proceeds from the initial public offering will help finance its effort to boost its annual handling capacity by around 50 ...
China's top securities regulator today announced the regulations on the pilot programs of the business of margin trading and short selling which is expected to be launched soon. Securities firms must have at least 5 billion yuan in net assets and be rated as A-class in order to ...
Having setting up the only carbon exchange in North America, Richard Sandor, chairman and founder of the Chicago Climate Exchange, said at the Asian Financial Forum in Hong Kong on Thursday that China could become the pre-eminent market for trading air and water."In the 21st ...
Hong Kong Exchanges and Clearing Limited (HKEx) and Shanghai Exchange (SSE) Thursday agreed on new cooperation initiatives including a mechanism for regular exchanges and strengthening cooperation in the development of products like ETFs.HKEx and SSE signed in January of last ...
Signs of expansion of the income gap between China's urban and rural residents emerged Thursday amid the official data showing otherwise strong economic growth.The per-capita disposable income of urban people was 17,175 yuan ($2,514.6) in 2009, up 8.8 percent from a year earlier, ...
Move over Japan. China is poised to become the world's largest luxury goods market in the next five to seven years, according to Boston Consulting Group in its latest survey of Chinese consumer trends released in Beijing yesterday. "By 2015, 29 percent of global luxury product ...
Investors have turned bullish on the US while tempering their enthusiasm for China as they worry about a market bubble there, according to a Bloomberg survey. An overwhelming majority also see a government debt default on the horizon this year, according to a quarterly poll of ...
Pressing for adjustment in the Chinese Renminbi's (RMB) exchange rate will not get rid of the trade imbalance between the United States and China, a US economist said Wednesday. "I am not convinced that a free flow would necessarily be beneficial to either the US or Chinese ...
China's Ministry of Public Security and the central bank will jointly launch a 10-month nationwide campaign to crack down on bank card-related crimes. The campaign was aimed at curbing high crime rate involving bank cards by handling major bank card-related crimes and eliminating ...
The Agricultural Bank of China (ABC), one of the country's top four State-owned commercial banks, lent a total of 150 billion yuan ($22 billion) to rural households last year, the bank said on Wednesday. The lending for farmers in 2009 exceeded the combined amount for the ...
Equities declined yesterday amid concerns over tighter lending controls and the stronger-than-expected inflationary pressure in the market. The benchmark Shanghai Composite Index fell 2.93 percent to 3,151.85 points, while the Shenzhen Component Index fell 3.25 percent to 12,916...
A senior official with China's central bank Wednesday called on lenders to balance their lending this year and to avoid abrupt loan fluctuations. The People's Bank of China (PBOC) will continue to optimize the lending structure and properly manage the pace of credit growth while ...
Chinese equities fell on Wednesday following media reports that some major banks would stop lending for the rest of January and the central bank would increase interest rate on Friday. The benchmark Shanghai Composite Index dropped 2.93 percent after rising for four consecutive ...
Authorities have set the target for the credit supply in China in 2010 at roughly 7.5 trillion yuan ($1.1 trillion), said Liu Mingkang, chairman of the China Banking Regulatory Commission. Speaking at the Asian Financial Forum in Hong Kong on Wednesday, Liu said regulatory ...
The fourth set of eight companies listed on China's NASDAQ-like ChiNext stock exchange began trading today. The total number of companies listed on ChiNext reached 50, and the capital raised via their initial public offerings (IPOs) on the board totaled 30.37 billion yuan ($4.45 ...
China's main commercial banks on Jan 19 were told by their supervisors to stop new lending and bill financing for the rest of this month, the China Securities Journal said earlier today, citing bank sources from Shanghai and Beijing. But the country's top banking regulator denied ...
Maintaining a basically stable exchange rate of the renminbi (RMB), China's currency yuan, would help the world economy go out of the global financial crisis and back on the track of growth, Minister of Commerce Chen Deming said in Beijing Tuesday. China would adjust the RMB ...
Hong Kong and Shanghai signed on Tuesday a Memorandum of Understanding (MOU) to promote development and cooperation between the two cities' financial services sectors. KC Chan, Hong Kong's secretary for financial services and the treasury and Fang Xinghai, head of Shanghai ...
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 ...