china

New loans to individual home buyers increased by 53.4 percent year-on-year to 522.7 billion yuan ($76.57 billion) in the first quarter of 2010, 10.3 percentage points higher than at the end of 2009, according to the latest statistics released by the People's Bank of China (PBOC), ...
SHANGHAI - Antimony prices in Shanghai extended gains from two weeks earlier, with prices likely to remain strong in the next month or two before supply improves, industry sources said on Tuesday. The local government in China's central province of Hunan, which contributes about ...
SHANGHAI - Investors should buy Chinese consumer stocks and drugmakers and avoid developers because of uncertainty over measures to cool asset bubbles, said Shenyin & Wanguo Securities Co and China International Capital Corp (CICC). "The tightening measures will affect market ...
BEIJING - Central Huijin Investment Co, the domestic investment arm of China's sovereign wealth fund, plans to sell bonds worth at least 80 billion yuan ($11.73 billion) in the interbank market and use the proceeds to fund major commercial lenders and export-oriented financial ...
China's Ping An Insurance Corp handed in a satisfactory annual report to its investors, while its pay sheet also satisfied the top executives. The company's Deputy General Manager Liang Jiaju tops Ping An's payroll, with a pretax salary of 28.59 million yuan ($4.2 million), the ...
Head of China Orient Asset Management Co Mei Xingbao will retire soon, and vice-president Zhang Ziai, who is also the chairman of Dongxing Securities, will be his successor, the National Business Daily reported Tuesday. Zhang will be the company's third president since it was ...
Goldman Sachs Group Inc is recommending a basket of four Chinese companies whose yuan- denominated shares are more attractively valued than their Hong Kong stocks. China Merchants Bank Co, Angang Steel Co, China Life Insurance Co and Ping An Insurance (Group) Co are the four ...
HONG KONG - China's sovereign wealth fund China Investment Corp plans to invest $50 million in L'Occitane International SA's Hong Kong initial public offering, the French cosmetic retailer said on Monday. The investment plans by CIC were mentioned in an initial prospectus by L...
Poly Real Estate, the country's second largest property developer, announced Monday that its plan to raise nearly 10 billion yuan ($1.5 billion) through a non-public share sale has been given the green light by China's State-owned assets watchdog and now awaits approval from the ...
The board of Industrial and Commercial Bank of China (ICBC) on Monday passed the proposal to recruit Lee Zhang, former top Asian executive of Deutsche Bank AG, to be the bank's vice president, the Xinmin Evening News reported. The board welcomed Zhang to join ICBC as he was ...
SHANGHAI - Chinese stocks fell on Tuesday, sending the benchmark index to the lowest in seven months, on concern ordering banks to set aside more reserves won't be enough to avert asset bubbles in the world's third-largest economy. Industrial & Commercial Bank of China Ltd and ...
China's stock index futures fell Tuesday with the contract for May, the most actively traded, down 0.43 percent to end at 3,076.4 points from the previous trading day. The June contract declined 0.45 percent to 3,116.8. The September contract was down 0.65 percent to 3,213, and ...
HONG KONG - Hong Kong stocks closed down 48.31 points, or 0.23 percent, at 20,763.05 Tuesday. Turnover totaled HK$55.53 billion ($8.13 billion) compared with HK$49.29 billion Monday .
China Minsheng Banking Corp, the mainland's first privately owned lender, paid 70.4 million yuan ($10.3 million) in salaries to its senior executives in 2009, the highest amount among all 14 listed Chinese banks, the Beijing-based Investor Journal reported Tuesday. Minsheng's ...
Chinese equities dropped to a seven-month low Tuesday, after the central bank said Sunday it would raise the deposit reserve requirement ratio for most financial institutions for the third time this year. The benchmark Shanghai Composite Index lost 1.23 percent to close at 2,835...
Agricultural Bank of China (ABC), the smallest of the country's Big Four banks, will apply this week for a massive $30 billion IPO, racing with rivals to raise funds as Beijing mops up excess cash from the economy. ABC plans to submit formal applications for a dual listing in ...
Banks ordered to set aside more deposits as reserves BEIJING - China ordered banks to set aside more deposits as reserves for the third time this year to cool a record credit expansion that has sparked the risk of asset bubbles in the world's third-largest economy. The reserve ...
SINGAPORE - Asian stocks dropped for the fourth time in five days after Australia unveiled plans to impose the world's heaviest tax regime on mining companies and China increased bank reserve ratios for a third time this year. BHP Billiton Ltd and Rio Tinto Ltd sank at least 3 ...
BEIJING - The People's Bank of China (PBOC), the central bank, announced Sunday it will raise the deposit reserve requirement ratio (RRR) for financial institutions by half a percentage point from May 10. The ratio for the rural credit cooperatives and rural banks would remain ...
BEIJING - Chinese banks must develop new revenue streams because they can no longer rely on plump net interest margins for their profits, the country's chief banking regulator said on Thursday. Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), said banks ...
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 ...