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China to enhance financial support to foreign-funded businesses

The Chinese government said on Wednesday financial institutions would be encouraged to step up credit support to foreign-funded businesses as they have become an important part of the world's third largest economy. Foreign-funded companies should have more access to financing and ...

Central bank governor reaffirms moderately loose monetary policy

Zhou Xiaochuan, governor with the People's Bank of China, or the central bank, reiterated Thursday that the bank will maintain the moderately loose monetary policy in 2010 and improve the focus and flexibility of the policy according to circumstances. More credit support should ...

Bankers yet to jump on the green bandwagon

As a pioneering entrepreneur in China's environmental protection industry, Wen Yibo is no doubt upbeat about the prospects for his company. But a major hurdle now facing the 44-year-old is how to raise capital for business expansion. "Access to capital is a serious bottleneck ...

ChiNext stock market up -- December 30

The ChiNext rose on Wednesday as 29 of the 36 shares at China's start-up board for small and medium-sized enterprises were up. 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 ...

XCMG plans share placement to raise additional capital

XCMG Construction Machinery Co Ltd, the nation's largest construction machinery maker, will raise 5 billion yuan through a private placement of shares to finance new projects and obtain advanced technology, according to a statement the company filed to the Shenzhen Stock Exchange ...

Chinese auditors to step up crackdown on misappropriation

China's National Audit Office (NAO) said Monday that during the first 11 months 863 cases and clues involving 1,068 people had been handed over to the judicial authorities on charges of money laundering, insider trading and providing false receipts. The audit, conducted by ...

Rush to buy real estate despite high prices

A majority of Beijing residents are concerned about unaffordable housing prices in the city, a new central bank survey said. Of the 1,400 respondents who participated in the People's Bank of China consumer behavior study, more than 80 percent said housing prices are too high in ...

ASEAN+3, HK sign Chiang Mai Initiative to address currency liquidity

Top finance officials of a block of nations and regions in east and southeast Asia signed the Chiang Mai Initiative Multilateralization (CMIM) to address the short-term currency liquidity, China's central bank said on its website on Monday. The agreement was signed by the finance ...

Overcapacity has no relation to central govt investment: Wen

The problem of overcapacity in China had no relation to the central government's investment in the 4-trillion-yuan ($585.6 billion) stimulus package, Premier Wen Jiabao said Sunday during an exclusive interview with Xinhua. "I can guarantee that the 1.18-trillion-yuan investment ...

China to expand market access for private investment: Premier

Private investment should be allowed in any sector that government policies and regulations did not prohibit, said Chinese Premier Wen Jiabao Sunday. Wen was speaking exclusively to Xinhua News Agency at Ziguangge building inside Zhongnanhai, an office compound of the central ...

Early bird Investor catches worm as others go hungry

In the eyes of Jacob Wallenberg, his family's decision to tap into the Chinese market as early as the late 1970s turned out to be a wise move, especially as most investment firms have now been taken down a peg by the global financial crisis. "Most companies in which we have big ...

Business as usual for robbed Haidian bank

The bank that was robbed on Saturday in Haidian District resumed business yesterday, with the 32-year-old suspect surnamed Han in police custody, according to local Chinese media. The bank is a branch of Industrial and Commercial Bank of China (ICBC) located on the second floor ...

Wen stands firm on yuan

Premier Wen Jiabao said yesterday that the nation will not bow to pressure from other countries to revalue the yuan because they are using the issue as a tool to curb China's development. He also cautioned against the possibility of rising inflation in the country next year and ...

Equities decline on new share sale concerns

Equities dropped for the first time in three days, paring a weekly gain, on concern new share sales will divert money from existing equities. Zijin Mining Group Co and China Shenhua Energy Co, the nation's largest producers of gold and coal, lost at least 1.3 percent as eight ...

Chinese equities edge down on Friday

Chinese equities fell slightly on Friday, led by a weak performance by the heavy weights. The benchmark Shanghai Composite Index was down 0.38 percent, or 12.06 points, to close at 3,141.35 points. The Shenzhen Component Index lost 0.12 percent, or 15.37 points, to close at 13...

All ChiNext stocks up on Thursday

All of the 28 shares at ChiNext, China's start-up board for small and medium-sized enterprises were up on Thursday. 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 and other ...

Chinese shares up 2.6% led by coal, metal producers

Chinese equities surged 2.6 percent on Thursday as coal and metal producers rallied. The benchmark Shanghai Composite Index up 2.59 percent, or 79.63 points, to close at 3,153.41 points. The Shenzhen Component Index gained 3.84 percent, or 492.01 points, to close at 13,305.31 ...

China asks financial institutions to back industrial rebalance

China asked its financial institutions to let credit play a bigger role in guiding and promoting industrial structure adjustment while preventing risks, according to a statement posted on the website of the People's Bank of China (PBOC), the central bank, Wednesday. More ...

Hong Kong stocks close higher

Hong Kong stocks rose 188.26 points, or 0.88 percent to close at 21,517.00 at midday in the shortened session on Thursday ahead of a Christmas break, tracking Wall Street's overnight rise. Overnight, the Dow Jones Industrial Average ended up 1.51 points, or 0.01 percent, at 10...

China to float 27b yuan 7-year T-bonds

China's Ministry of Finance said it will issue 27.12 billion yuan ($3.97 billion) of book-entry treasury bonds since Thursday, the 32th batch of its kind this year. The bonds, with a term of 7 years, will be sold to the public at a fixed annual interest rate of 3.22 percent, said ...

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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