china

The Industrial and Commercial Bank of China (ICBC), the world's biggest lender by market value, will adjust this year's total amount of lending, Yang Kaisheng, ICBC president and a member of the Chinese People's Political Consultative Conference, told chinadaily.com.cn Friday. ...
BEIJING - China Financial Futures Exchange will introduce mini-sized contracts for stock index futures to rope in more retail investors after the smooth launch of the new financial instrument, Zhu Yuchen, the general manager of the bourse, said on Thursday. "We will gradually ...
China's Vice-Premier Zhang Dejiang on Monday called for stronger management of social security funds and more efforts to maintain and increase the value of the funds. Given the social security funds had a great bearing on people's livelihoods, management should abide by the rules ...
SHANGHAI - The People's Bank of China (PBOC), China's central bank, said on Monday that it would auction 110 billion yuan ($16.11 billion) of one-year bills in its regular open market operations on Tuesday, up from 100 billion yuan of such bills sold last week. The volume is the ...
SHANGHAI: US fund house T Rowe Price is in advanced talks to buy a stake in China's biggest asset manager from Citic Securities Co, two sources with direct knowledge of the deal said on Monday. A deal would give T Rowe access to China's fast-growing $400 billion mutual fund ...
SHANGHAI - China's Guangdong Development Bank, controlled by Citigroup, is drafting plans for an initial public offering that will likely take place next year, a source familiar with the situation said on Monday. The mid-sized lender has yet to determine the location and size of ...
Bank of China wants to issue additional Hong Kong-listed H shares as soon as possible in a follow-on offering equal to 20 percent of its existing H share capital, the chairman of China's fourth-largest lender by assets said on Thursday. Xiao Gang said the lender was seeking ...
BEIJING: Bank of China Ltd (BOC) and Temasek Holdings Pte may invest as much as 20 billion yuan ($2.9 billion) to build a rural-banking business in China, said two people with knowledge of the matter. The companies are in talks about setting up as many as 400 rural banks, the ...
Chinese equities retreated on Monday, driving the benchmark Shanghai stock index down below the psychologically-important 3,000-point level, on concerns over government moves to cool economic growth and squash inflation. The Shanghai Composite Index on the Shanghai Stock Exchange ...
China's benchmark stock index may fall a further 17 percent to 2,500 in the first half as the government steps up measures to cool growth, according to Guotai Junan Securities Co, the nation's second-largest brokerage. The Shanghai Composite Index, which has declined 9.1 percent ...
The China Banking Regulatory Commission announced Monday in a statement on its website that commercial banks were not allowed to invest in the soon-to-be-launched stock index futures trading. According to law, commercial banks are not permitted to participate in index futures and ...
The world is watching China's next move after it witnessed last year key progress in the initiative to make renminbi, or yuan, a global currency. As government officials hinted the establishment of a global board at the Shanghai A-share market during the annual "two sessions" of ...
SHANGHAI - Mainland stocks dropped the most in a week, capping a second weekly retreat, on concern the government will intensify measures to slow economic growth and avert asset bubbles. Poly Real Estate Group Co and Gemdale Corp paced declines by developers after the Shanghai ...
HONG KONG: Hong Kong stocks closed down 18. 46 points, or 0.09 percent, at 21,209.74 Friday. Turnover shrank to HK$48.29 billion ($6.19 billion) from Thursday's HK$57.30 billion .
The ChiNext stock market was up Friday as 31 of the 58 stocks at China's start-up board for small and medium-sized enterprises rose. 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 equities shed 1.24 percent Friday, paring two weeks' gains on concerns over government moves to rein in loans to squash inflation. The benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 3,013.41 points, down 37.87 points, or 1.24 percent. The ...
The China Securities Regulatory Commission (CSRC) today begins to accept applications for a margin-trading and short-selling pilot program, the China Securities Journal reported. Sources at securities brokerages told the paper local offices of the CSRC completed an on-site ...
JPMorgan Chase & Co will set up a securities joint venture in China with First Capital Securities Co, two people with knowledge of the matter said. New York-based JPMorgan signed a memorandum of understanding with the Shenzhen-based securities firm this week, the people said, ...
SINGAPORE - Investors should buy Asian stocks outside Japan after valuations dropped and before sentiment strengthens further, Goldman Sachs Group Inc said. "By the time all the lights turn green, the race will already be well under way," Goldman Sachs analysts led by Timothy Moe ...
The Shanghai-based China Financial Futures Exchange (CFFEX) has said it will test the stock index futures system during the coming weekends of March 13-14 and March 20-21. Under the direction of the China Securities Regulatory Commission, the CFFEX will join hands with the other ...
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 ...