china

China's banking regulator had been attaching great importance to building "fire walls" among Chinese banks to prevent internal conflicts since 2003, the Securities Times reported Tuesday. Commercial banks should not rely solely on the capital markets for financing, which was just ...
Bargain hunters pushed Chinese equities to edge up Tuesday, led by energy and financial large caps. The benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 3,161.25 points Tuesday, up 1.02 percent, or 31.99 points. The Shenzhen Component Index on the ...
BEIJING - The People's Bank of China (PBOC), the country's central bank, will issue a set of gold and silver commemorative coins this month to celebrate the upcoming World Expo 2010 Shanghai (Series II). In an announcement posted on its website, the central bank said the new ...
Bank of Beijing's plan to sell as much as 10 billion yuan ($1.5 billion) of subordinated bonds on the inter-bank market has been approved by its board of directors and will be reviewed by its shareholders, China Business News reported Thursday. The money raised through the bond ...
Singapore - China's stocks fell, led by developers and shipping companies, on concern Europe's debt crisis and government measures to contain home prices will damp demand for Chinese exports and hurt earnings. China Cosco Holdings Co, the country's biggest shipping line, lost 1.7 ...
SINGAPORE - Soybean futures advanced, ending the longest losing streak since January, while corn and wheat gained on concern cooler weather may delay planting in China. Soybeans for July delivery added as much as 0.4 percent to $9.435 a bushel on the Chicago Board of Trade and ...
BEIJING - China's largest refiner Sinopec Corp plans to sell 43 billion yuan ($6.3 billion) of bonds to fund project construction and upgrades, in a move to meet rising domestic demand for oil products. The company's shareholders approved the proposal on Tuesday to sell as much ...
China's first Internet of Things (IOT) industry fund, with a planned size of 5 billion yuan ($73 million), was set up in Wuxi, Jiangsu province on Tuesday, chinanews.com.cn reported. The fund was initiated by Wuxi New District Venture Investment Group, Datang Telecom Technology ...
Zhejiang province is looking at private capital to finance its massive railway construction plans, the 21st Century Business Herald reported Tuesday. The East China province plans to invest a record 48-50 billion yuan ($7-7.3 billion) on railway construction this year, up 50 ...
HONG KONG - Dangdang.com, known as the Chinese equivalent of Amazon.com , has hired two investment banks for a US initial public offering, aiming to list by the end of the year, sources close to the deal said on Monday. Dangdang.com had hired Credit Suisse and Morgan Stanley to ...
Chinese equities Tuesday rebounded from their lowest level since last May and pushed the benchmark Shanghai Composite Index near the 2,600 point mark as financial and developer stocks shot higher. The benchmark Shanghai Composite Index rose 1.36 percent to close at 2,594.78 ...
Investors should avoid buying China's stocks until the third quarter when the government starts unwinding measures to curb asset bubbles, said Christopher Wood, chief equity strategist at CLSA Asia Pacific Markets. China's stocks plunged the most since August yesterday on concern ...
TOKYO - Bank of Tokyo-Mitsubishi UFJ (China) Ltd plans to raise 1 billion yuan ($146 million) from the first local-currency note sale in the mainland by an overseas company. The unit of Mitsubishi UFJ Financial Group Inc, Japan's biggest bank, won approval from the People's Bank ...
SHANGHAI - Copper, aluminum, zinc, lead and nickel tumbled on concern that demand for raw materials will slow as European nations slash budgets to curb deficits and as Asian stocks extend a global slump. Three-month copper fell as much as 3.5 percent to $6,685 a ton on the London ...
Members of the Issuance Examination Committee of China Securities Regulatory Commission (CSRC) recently proposed raising the listing threshold for companies applying for an initial public offering on ChiNext, China's start-up board, requesting that applicants should show a profit ...
A unit of Mitsubishi UFJ Financial Group said on Monday it will issue 1 billion yuan ($146.5 million) in bonds on Thursday, becoming China's first foreign bank to issue yuan-denominated bonds. The issuer, Bank of Tokyo-Mitsubishi UFJ (China) Ltd, said it had received permission ...
China's stock market decline shouldn't be blamed on index futures, China Securities Journal cited Wang Lianzhou, former deputy director of National People's Congress' financial and economic committee, as saying. The benchmark Shanghai Composite Index entered a bear market last ...
The State Administration of Foreign Exchange (SAFE) plans to entrust commercial banks with policy-related and government-involved overseas investment projects like "loans-for-oil", seeking a new way of extending policy-related foreign exchange loans, the Century Weekly reported ...
Authorities should not permit trade in financial products that may be fraudulent because there is no existing law to deal with complaints, said Guan Xiaofeng, a professor at China University of Political Science and Law. "The products are extremely unfair, as banks take limited ...
BEIJING - China's Ministry of Finance announced Friday that two new batches of book-entry treasury bonds will be issued next week with a total value exceeding 32 billion yuan (US$4.7 billion). The first batch, with a total face value of 15 billion yuan, will have a term of 182 ...
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 ...