china

BEIJING: Chinese shares closed lower Friday after rebounding more than 2 percent on the previous trading day, as financial and property shares remained weak. The benchmark Shanghai Composite Index dropped 0.51 percent to close at 2,696.63 points. The Shenzhen Component Index went ...
Transaction of China's margin trading and short selling totaled 624 million yuan ($91.40 million) as of May 12, the Shanghai Securities News reported Friday. The figure was about 2 percent of the 34 billion yuan the six selected brokers have set aside for this business. As for ...
The People's Bank of China (PBOC) will increase liquidity in the banking system by 152 billion yuan this week, ending the situation that the central bank kept mopping up excess money for 11 weeks straight, the financial website P5w.net reported Thursday. The PBOC announced ...
China will allow qualified foreign institutional investors, or QFIIs, to invest in the country's stock-index futures, after its benchmark measure slumped this month. The US Treasury Department announced the proposal in a statement yesterday at the end of the US-China Strategic & ...
Chinese stocks are factoring in both accelerating inflation and declining growth, a "mispricing" that is poised to "correct soon", Morgan Stanley said. The brokerage upgraded steel and building materials shares in its China portfolio to "overweight" from "underweight," a week ...
Copper demand in China, the world's largest user of the metal used in pipes and wires, may gain as much as 12 percent this year and prices won't fall much further, according to Wanxiang Resources Co's chief analyst. "Consumption is still strong," driven by continued economic ...
A Bank of China report predicted China's Consumer Price Index (CPI) would rise about 3.7 percent in the second quarter while GDP growth may hit 10.5 percent. The report released Monday said the CPI would go up 3.8 percent in May and accelerate to 4.4 percent in June, a 3.5 ...
SHANGHAI - The head of HSBC's China fund venture said on Monday he expected top Chinese banks to push ahead with their fundraising plans this year despite unstable market conditions. All top-ranking Chinese banks - Industrial and Commercial Bank of China, China Construction Bank ...
Analysts say SNPTC listing in line with rapid development of sector BEIJING - State Nuclear Power Technology Corp (SNPTC), responsible for introducing and developing the third-generation nuclear power technology in China, plans to list its shares in the second quarter of 2012, ...
Bank of China Ltd, the nation's third-largest lender by market value, received approval from the securities regulator to sell as much as 40 billion yuan ($5.9 billion) of bonds convertible into stock. The China Securities Regulatory Commission gave the clearance, according to a ...
China's stocks rallied, driving the benchmark index to its biggest gain in almost six months, on speculation the government will abstain from further measures to cool the property market given Europe's debt crisis. The Shanghai Composite Index rose 78.79, or 3.1 percent, to 2,662...
China is unlikely to raise interest rates in the "near term" as inflation slows with recent declines in food and commodity prices, according to Citic Securities Co analysts led by Yu Jun in a report. The brokerage forecast consumer prices to gain less than three percent in May, ...
Three people have been sentenced in Beijing's Tongzhou Court for a credit card fraud that netted them 540,000 yuan, according to Beijing News. Xu Chunjiao, a nightclub manager who initiated the fraud, was sentenced to 12 years and fined 100,000 yuan. Ji Weidong, a former employee ...
BEIJING - The Agricultural Bank of China (ABC), the country's largest rural lender, and Sinofert Holdings Ltd signed a strategic cooperation agreement here Friday to boost collaboration in agro-related businesses. ABC and Sinofert, China's largest fertilizer company, agreed to ...
Chinese equities rebounded slightly Friday after falling for two consecutive trading days, thanks to gains in property and Xinjiang-related shares. The benchmark Shanghai Composite Index gained 1.08 percent to close at 2,583.52 points. The Shenzhen Component Index rose 2.65 ...
Xinjiang Goldwind Science & Technology Co, the world's fifth largest wind power equipment maker, has secured a credit line of $6 billion yuan from China Development Bank to support its overseas market expansion, China Securities Journal reported Friday. Chief Financial Officer ...
An official with China's pension fund said that the fund had invested 15 billion yuan ($2.20 billion) into the Agricultural Bank of China, ahead of the bank's $30 billion IPO. ABC, the smallest of the country's Big Four banks, plans to list in Hong Kong and Shanghai by July, ...
Leading financial markets operator NYSE Euronext is interested in listing on Shanghai's imminent international board. "We have held several rounds of talks with Chinese regulators about listing on the international board, but we are not in a position to decide the timetable," ...
China's securities watchdog will review Bank of China's proposed sale of up to 40 billion yuan in convertible bonds on Monday, it said in a statement on its website. Bank of China announced in January plans for the issue of six-year bonds, convertible into its Shanghai-listed ...
SHANGHAI - Mainland stocks fell, sending the benchmark index to a three-week low, on concern Europe's debt crisis and Chinese property curbs will hurt earnings growth. China Vanke Co paced losses by developers after the National Development and Reform Commission (NDRC) said home ...
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 ...