china

China Pacific Insurance (Group) Co and the country's pension fund plan to raise as much as HK$25.93 billion ($3.3 billion) in a Hong Kong share sale that may be the city's second-biggest this year, four people familiar with the plan said. The nation's third-largest insurer and ...
The ChiNext Index closed higher on Monday as only five of the 28 shares at China's start-up board for small and medium-sized enterprises went up. The board, which is based in Shenzhen and started trading on October 30, 2009, is tailored to the needs of enterprises engaged in ...
In the eyes of Jacob Wallenberg, his family's decision to tap into China's market as early as the late 1970s has well positioned the company at a time when other investment firms are suffering in the global financial crisis. "Most companies in which we have big stakes started ...
Banco Bilbao Vizcaya Argentaria SA, Spain's second-biggest bank, agreed to pay about 1 billion euros ($1.51 billion) to boost its investment in China's State-owned CITIC Group to strengthen its foothold in Asia. BBVA exercised an option to buy an additional 4.93 percent in China ...
Sixty-eight central State-owned enterprises have suffered a floating net loss of 11.4 billion yuan ($1.67 billion) on financial derivatives trading by the end of October, the State-owned Assets Supervision and Administration Commission (SASAC) announced Thursday, Xinhuanet.com ...
China's top banking regulator yesterday warned banks of the potential risk in focusing lending only on certain industries, in an indication that bad loans could return to haunt Chinese banks in the next couple of years. Far too many loans were extended to the infrastructure, ...
China's central bank views gold prices as very high and will be wary of "bubble" assets, the Apple Daily reported yesterday, citing Hu Xiaolian, a deputy governor at the People's Bank of China. The long-term benefits must be considered when managing the overall configuration of ...
China stocks are headed for a "boom and bust" in 2010 because a rally in the first half may stall as inflation accelerates and the government withdraws some stimulus, Morgan Stanley said. "We see a temporary window of high growth and low inflation in the first half of 2010 ...
China's foreign direct investment (FDI) reached its highest total in 16 months during November, sustaining the rising trend since August, a clear signal that the nation's speedy economic recovery is attracting more foreign investors. The FDI climbed as high as 32 percent from a ...
Chinese equities fell on Wednesday, with the benchmark Shanghai Composite Index down 0.59 percent, or 19.25 points, to close at 3,255.21 points. The Shenzhen Component Index lost 1.16 percent, or 160.87 points, to close at 13,664.97 points. Combined turnover totaled 196.97 ...
China Life, the world's largest life insurer by market value, reported a 23.1 percent year-on-year increase of premium income in November, the company said in a statement on Tuesday. However, the insurers' pre-audit premium income fell 2.27 percent year-on-year to 274.4 billion ...
China Pacific Insurance (Group) Co Ltd, the country's third-largest life insurer, raised $3.1 billion in the world's seventh-largest IPO this year, when it priced its Hong Kong initial public offering near the middle of an indicated range, a source familiar with the deal said on ...
The trial of 22 alleged organized crime gang members began Tuesday in Southwest China's Chongqing municipality. The trial was the first of the series of organized crime hearings in Chongqing to involve money laundering charges, a court official said Tuesday. An official of the ...
The Asian Development Bank (ADB) will grant a loan of $150 million to the northwestern Chinese city of Lanzhou to help it improve urban transport system, the ADB's China office said Tuesday in a statement. The loan is to help the provincial capital of Gansu to set up a rapid bus ...
Chinese companies may increase overseas mergers and acquisitions (M&As) by 40 percent next year while outbound deal value may hit a record high of $30 to $35 billion this year, PricewaterhouseCoopers LLP (PwC) said in a report yesterday. With the global financial crisis making ...
Six convicted criminals were jailed seven to 11 years on charges of credit card fraud yesterday in Beijing. The verdict by Xicheng district court in Beijing said Chen ZhengTian Fuhao, Gao Zhigang, Zhuang Yan, Liang Shuai and Liu Wenbo forged foreign credit cards and deposited ...
Beijing's soaring real estate market could put a crimp in Wei Wei's wedding plans. "I have to buy an apartment if I want to marry my fiancee," said the sales manager of a German-based company. "Even though the price is already too high for me, I'm not sure if it will continue to ...
As the global financial crisis has depressed the value of overseas companies, making them more attractive to buyers, Chinese companies looking for energy and resources, as well as expertise and access to foreign markets, will likely increase their overseas mergers and acquisition...
South Korea is mulling over launching a new product line-up of Chinese yuan Futures in a bid to enhance variety and trading opportunities in the nation's derivatives market, high-ranking official of the bourse operator said Tuesday. "We are planning to launch the Chinese yuan ...
China is to impose temporarily low import tariffs on more than 600 energy and resource-consuming commodities next year, in a bid to promote domestic economic restructuring and resource conservation, the Ministry of Finance (MOF) announced Tuesday. The targeted commodities ...
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 ...