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ChiNext stock index up Thursday

The ChiNext stock market was up Thursday as 53 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 ...

Hong Kong stocks slightly up Thursday

Hong Kong stocks edged up 19.91 points, or 0.09 percent to close at 21,228.20 on Thursday. The benchmark Hang Seng Index receded more than 100 points before noon after a 125-point higher opening. The barometer then moved upward and fluctuated just above the previous closing. ...

Chinese shares close mixed Thursday

Chinese equities closed mixed Thursday. The benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 3,051.28 points, up 2.36 points, or 0.08 percent. The Shenzhen Component Index closed at 12,367.69 points, down 23.96 points, or 0.19 percent. Combined turnover ...

Buy Taiwan stocks with cross-Straits ties

Investors should buy shares of Taiwan companies that benefit most from the island's closer ties with the mainland, according to the manager of Taiwan's best-performing equities fund. Investment interest in the economic integration with the mainland "will increase," said Steve ...

Emerging-market shares may dip 15%

NEW YORK - Emerging-market stocks will drop as much as 15 percent this year as earnings miss estimates and global growth slows, said Devan Kaloo, who oversees $22 billion at Aberdeen Asset Management Plc. Kaloo, Aberdeen's head of global emerging markets, said he was holding ...

Shanghai's global dream takes shape

SHANGHAI - The municipal government's plan to transform Shanghai into an international trade center has got approval from the Ministry of Commerce, but still needs to get final clearance from the State Council, said sources familiar with the situation. "Relevant documents, which ...

Index futures trading rules for foreigners underway

Chinese authorities are making policies that would give overseas investors access to China's stock index futures trading, said a senior trader in Beijing Thursday. Overseas investors would be able to engage in the stock index futures trading under the status of Qualified Foreign ...

Gold price boosted by trade data

SINGAPORE - Gold gained for the first time in three days as China's trade data boosted prices of other metals and a resumption in the dollar's weakness boosted investor demand for the precious metal as an alternative asset. Bullion for immediate delivery rose as much as 0.5 ...

Payment guideline for bankers issued

China's banking regulator issued a guideline Wednesday requiring the country's commercial bank executives and employees' pay to be based on performance assessment in a move to align the pay system in the sector. Under the guideline, at least 40 percent of bonuses for banks' top ...

China opens two consumer finance companies

China's first two consumer finance companies opened Monday in Beijing and the southwestern city of Chengdu as the country seeks to boost domestic demand to balance economic growth. The two were Beiyin Consumer Finance Co, a wholly-owned subsidiary of the Bank of Beijing, and ...

Hainan stocks climb most on tourism project

Stocks in Hainan yesterday soared by 7.71 percent on the construction of the Mangrove Tree Resort in the coastal city of Sanya, topping China's stock market, the Beijing News reported today. More than half of the shares related to Hainan rose by the 10 percent daily limit ...

Equities may 'extend losses' in weeks ahead

China's stocks may extend losses in "coming weeks" as the Shanghai Composite Index runs into resistance at a moving average, according to CIMB Investment Bank Bhd. The 200-day moving average of 3,021 was previously a major support level for the benchmark gauge, CIMB analysts ...

More credit lines for small businesses, says CBRC

China's banking regulator said Tuesday it would open up more credit avenues for small enterprises this year, despite the recent government clampdown on excessive lending. "Commercial lenders should ensure that the amount of new loans they advance to small enterprises this year ...

China to issue 50b yuan of certificate treasury bonds

BEIJING: China will issue 50 billion yuan ($7.32 billion) of certificate treasury bonds next week, the Ministry of Finance said Tuesday. The certificate treasury bonds, the first batch this year, will be sold from March 1 to 21. The bonds include 25 billion yuan of one-year bonds ...

Chinese shares close lower Tuesday, below 3,000-point level

BEIJING: Chinese equities continued the downward trend of the previous trading day and closed lower Tuesday, with the benchmark Shanghai Composite Index below the psychologically-important 3,000-point level. The Shanghai Composite Index lost 0.69 percent, or 20.82 points, to ...

ChiNext stock market up

The ChiNext market went up on Tuesday as only 5 of the 54 stocks at China's start-up board for small and medium-sized enterprises fell. The board, which is based in Shenzhen and started trading on Oct 30, 2009, is tailored to the needs of enterprises engaged in independent ...

New futures attract investor reluctance

Investors are in a wait-and-see mood about the newly launched stock index futures, as less than 100 trading accounts were opened yesterday, the first day for account registration, sources told China Business News today. Analysts say the reluctance in the market comes mainly as a ...

China demand to lift copper futures

SINGAPORE: Copper futures in London will rise to $8,000 a ton on increased demand from China and a recovery in usage outside the nation, according to Macquarie Group Ltd. "Strong demand from China" is depleting the country's stockpiles in bonded warehouses, which hold supplies ...

Chinese shares dip as Lunar New Year weighs new policies

SHANGHAI: Chinese equities fell Monday, the first trading day of the Year of Tiger in the nation's lunar calendar, after a nine-day holiday break, as market participants considered new policies and rules the government adopted prior to and after the festival. The benchmark ...

Goldman Sachs lowers real estate share-price estimates

China's property developers had their share-price estimates lowered by as much as 32 percent by Goldman Sachs Group Inc, which cited increased uncertainty over government tightening measures. Goldman Sachs' new target prices reflect a discount of as much as 40 percent to the ...

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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