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China becomes second-largest stock market

As the stock markets recover from the credit crisis, the turnover of stock exchanges in the Asia-Pacific region outstripped their counterparts in Europe, the financial website P5w.net reported, citing foreign media. The turnover of the Shanghai Stock Exchange and Shenzhen Stock ...

Gold steady as bargain hunting subsides

SINGAPORE - Gold hardly moved on Tuesday as early bargain hunting subsided, and dealers said a weaker US dollar was probably needed to help the metal break free from its current range. Speculators, who have built up positions in New York on worries about Greece's ability to repay ...

Securities firms pass margin trading review

All eleven securities brokerages have passed an expert panel's evaluation for margin trading and short selling, and will be able to apply for a pilot program for the business as soon as next week, China Business News reported today. The preliminary evaluation organized by the ...

China banking watchdog to tighten monitoring on non-banking financing

BEIJING - China would step up work to monitor non-banking financing, said the China Banking Regulatory Commission (CBRC) Tuesday in a statement on its website. More focus would be put on businesses in connection with trust companies and the real estate sector to prevent banks ...

Chinese stocks close higher, led by property shares

BEIJING - Chinese equities closed 0.56 percent higher on Tuesday, driven by property shares gains on upbeat market estimates. The benchmark Shanghai Stock Exchange closed at 3,069.14 points, up 15.91 points. The Shenzhen Component Index ended at 12,507.66 points, up 70.09 points, ...

Financial institutions look for fewer cross-Straits restrictions

TAIPEI/BEIJING - Taiwan's security firms and banks are arguing for fewer restrictions on cross-Straits financial business as the island's authorities prepare to release three new rules in the coming week. Since November last year, financial companies have performed poorly on the ...

China's foreign ETF plan signals market reform

China's plan to introduce exchange-traded funds (ETFs) that track overseas stock indexes signals a push to create more opportunities for investors as the market matures, according to West China Securities Co. The Shanghai Stock Exchange will try to introduce exchange-traded funds ...

China Enterprises Index up 2.31% Monday

HONG KONG - The Hang Seng China Enterprises Index on the Hong Kong Stock Exchange jumped 275.43 points, or 2. 31 percent, to close Monday's trading at 12,202.80. The H-shares index, initiated in August 1994 and readjusted on September 7, 2009, tracks the overall performance of 44 ...

Bank of China to issue less new loans in 2010

BEIJING - Bank of China (BOC), the third largest lender in the country, said Monday it would offer less new loans this year as the bank strives to rein in its credit growth at a reasonable rate. But the bank would still maintain its relatively high lending growth rate in order to ...

Banks told to refinance

Profits should be used to replenish their capital bases first, says CSRC BEIJING: China's securities regulator yesterday said that it hopes the big banks choose to use their profits to replenish their capital base first. "The big banks should use their profits first for ...

Huarong signs deal to help Anyang economy

China Huarong Asset Management Corp, one of four State-owned asset management firms, signed a strategic cooperation deal Monday with Anyang municipal government in Henan province, providing the city with a set of financial services to help fuel its economic development. "The ...

CIC's 09 investment return over $10b

SHANGHAI - China's $300 billion sovereign wealth fund, made an unaudited return of more than $10 billion last year on its foreign investments, the China Business News said on Monday. "In 2009, CIC's unaudited paper profit on overseas investments exceeded $10 billion, and not just ...

China UnionPay's major business expands in Maldives

BEIJING-- China UnionPay (CUP) began cash withdrawal services for card holders in 95 percent of automatic teller machines in the Maldives, after launching a partnership with the island nation's biggest bank Friday. Following cooperation between the CUP and the Bank of Maldives, ...

Bourse to beef up delisting mechanism

BEIJING - The Shenzhen Stock Exchange (SZSE) will accelerate the improvement of the direct delisting mechanism of the ChiNext start-up board in an effort to bring down the high valuation of listed companies, Chen Dongzheng, the exchange's president, said on Friday. "The direct ...

Wen's speech boosts shareholders'confidence in Xinjiang, Tibet listed companies

URUMQI -- Chinese Premier Wen Jiabao Friday vowed to further promote the economic and social development of Tibet and Xinjiang, a pledge welcomed by investors in the regions' listed companies.Delivering a government work report to the Third Session of the 11th National People's ...

BlackRock denies stocks are a bubble

SHANGHAI - China's stocks aren't a bubble and will gain by the end of the year as the government takes measures to prevent the economy from overheating, said Bob Doll, BlackRock Inc's chief investment officer for global equities. "I wouldn't characterize China stocks as a bubble,...

Morgan Stanley to sell CICC stake

Morgan Stanley has reached an agreement with China International Capital Corp (CICC) to sell its 34.3 percent stake, CICC Chairman Li Jiange said, but refused to identify the buyer or the details, the Beijing News reported on Friday. Li revealed the information on the sidelines ...

ChiNext stock market up Friday

The ChiNext stock market went up Friday as 39 of the 58 stocks 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 ...

Chinese shares edge up Friday

Chinese equities advanced Friday after the biggest daily fall in five weeks Thursday, as brokerages rallied on expectation of stock index futures trading. The benchmark Shanghai Composite Index edged up 0.25 percent after swinging between gains and losses. It gained 7.69 points ...

Capital may get 'one apartment, one price' policy

Beijing may soon require real estate developers to reveal the price of each individual apartment in their projects. The Beijing Municipal Commission of Housing and Urban-Rural Development is considering making real estate dealers publicly disclose the specific cost of every ...

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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