china

China's insurance regulator on Thursday launched a rule on insurance companies' equity management, allowing a qualified single investor to have more than a 20 percent stake in an insurance company. The China Insurance Regulatory Commission said this is intended to reduce fights ...
The Industrial and Commercial Bank of China (ICBC), whose new lending has slowed by two-thirds this year, has confirmed it will issue only A-share convertible bonds. The world's largest lender by market value won shareholder approval Tuesday to sell convertible bond to raise as ...
China Citic Bank Corp hired China International Capital Corp and China Securities Co to help it sell 16.5 billion yuan ($2.42 billion) of subordinated bonds, according to a person with direct knowledge of the matter. China Citic, based in Beijing, plans to sell 10- and 15- year ...
SINGAPORE - China's benchmark money-market rate may climb to a 19-month high as lenders set aside more reserves and demand for the biggest share offering in 2010 drains funds, according to Deutsche Bank AG. Investors should pay fixed rates on three-month interest-rate swaps to ...
BEIJING: Several Middle Eastern sovereign wealth funds are holding talks with the Agricultural Bank of China about investing in its initial public offering (IPO) in Shanghai and Hong Kong this year, the China Business News reported Monday. The Kuwait Investment Authority intends ...
Dollar bonds sold by China real estate companies this year are the worst performers among Asian non-financial corporate debt denominated in the US currency amid concern the nation's property market is overheating. Yields on the $3.9 billion of bonds issued by Kaisa Group Holdings ...
SINGAPORE - A "correction" in Chinese stocks that has made them Asia's worst performers this year may be nearing its end given the duration and degree of the slump, according to Elliott Wave International Inc. The current leg of declines in the Shanghai Composite Index has lasted ...
Bank of East Asia's China subsidiary is planning to issue as much as 5 billion yuan ($732 million) worth of bonds, the second yuan bond to be issued by a foreign company in China, three people familiar with the matter said today. China International Capital Corp (CICC) and ...
BEIJING: Chinese shares declined Monday, led by weak property with the benchmark Shanghai Composite Index shedding 9.7 percent for the month of May. The Shanghai Composite Index closed down 63.62 points, or 2.4 percent, at 2,592.15 points Monday. The Shenzhen Component Index lost ...
BEIJING - China Minsheng Banking Corp said Saturday it had received regulatory approval to sell 5.8 billion yuan ($849 million) of subordinated bonds on the domestic interbank market to replenish its capital reserves. The Beijing-based bank's capital adequacy ratio, which ...
SHANGHAI: Agricultural Bank of China(ABC) is expected to get regulatory approval in early June for its planned $30 billion IPO in Shanghai and Hong Kong, the China Business News reported Friday, citing a banking source. ABC's listing would mark the last of China's four largest ...
BEIJING: Agricultural Bank of China(ABC) is set to bring on board PetroChina, the country's biggest oil and gas producer, as one of its strategic investors for its long-awaited initial public offering, local media reported. The bank would give priority to domestic enterprises ...
FRANKFURT - Cheap stocks and robust consumption by its middle class are reason to buy into China now, even though markets have turned cautious on the world's No 3 economy, a fund manager at BlackRock told Reuters. "The sentiment (regarding investing in China) is quite different ...
Bank of China, the country's No 3 lender by assets, wants to issue convertible bonds as soon as it can, it said on Thursday, as part of a broader effort by Chinese banks to raise funds to replenish their coffers after a lending spree in 2009. The bank also hopes to complete its ...
BEIJING: China International Capital Corp, the country's biggest investment bank, is planning to raise a $300 million fund in September, stepping up its efforts to tap into China's lucrative private equity sector. The dollar fund would be raised through CICC's Hong Kong unit and ...
BEIJING - China Huarong Financial Leasing Co, Ltd issued 1 billion yuan ($147 million) in bonds Thursday, according to a statement posted on the company's website. Huarong Financial Leasing became the first of its kind to issue bonds as China opened issuance to leasing firms to ...
SHANGHAI: China's stocks rose for a second day, led by commodity producers, on speculation Europe's debt crisis will stop the government from further tightening monetary policy. Jiangxi Copper Co and Aluminum Corp of China Ltd, the nation's biggest makers of copper and aluminum, ...
TOKYO: Rubber advanced for a second day to the highest level in three weeks as a rally in crude oil and limited supplies from Thailand, the largest producer, boosted demand for the commodity used to make tires. Futures in Tokyo were also bolstered by a fall in Japan's currency ...
China's stocks are a buying opportunity as the government is unlikely to step up measures to slow the world's third-biggest economy at a time the European crisis is deepening, according to Morgan Stanley. Europe's slowdown will delay the need for the US to raise interest rates, ...
BEIJING - The China Insurance Regulatory Commission (CIRC) will loosen the limits on investments by insurance companies in stocks and bonds, but may be cautious on permitting property investments, a CIRC official said on Wednesday. "We are in discussions to allow major insurers ...
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 ...