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Chinese equities close mixed Friday, post 7.67% monthly loss

Chinese shares closed mixed on Friday after six days of consecutive losses, while posting a 7.67 percent loss for April. The major gauge index on the Shanghai Stock Exchange ended at 2,870.61 points, up 2.18 points, or 0.08 percent. The Shenzhen Component Index closed at 11,162...

CCB says to raise 75b yuan in rights issue

HONG KONG: China Construction Bank, one of the country's four State-owned major banks, said Thursday it aimed to raise 75 billion yuan ($11 billion) through a rights issue. In a statement filed with the Hong Kong stock exchange, the Beijing-based bank said the rights issue would ...

Chinese shares hit seven-month low Thursday

BEIJING: Chinese equities posted widespread losses,retreating to the lowest in the past seven months Thursday with the benchmark Shanghai Composite Index down 1.1 percent. The major gauge index on the Shanghai Stock Exchange ended at 2,868.43 points, down 31.9 points. The ...

Yuan forwards fall as Europe's woes worsen

BEIJING: Yuan forwards fell on concern the eurozone's deepening debt crisis may derail the global economic recovery and prompt China to delay appreciation of its currency. Standard & Poor's Ratings Services on Tuesday cut Greece's credit rating by three notches to junk, the first ...

Asian currencies make an impact

SINGAPORE - Asia's currencies are rallying more than the region's equity markets, providing a "tailwind" for domestic-related stocks to outperform exporters, UBS AG said. Rising local currencies have contributed to more than half the total US dollar returns in Malaysia, South ...

Hong Kong stocks close 1.47% lower

Hong Kong stocks closed down 312.39 points, or 1.47 percent, at 20,949.40 on Wednesday. Turnover totaled HK$63.68 billion ($8.20 billion) compared with Tuesday's HK$60.26 billion .

Rising interest margins to aid bank profits

BEIJING: Despite concerns over the downside risks of the government clampdown on the property market, analysts said Chinese lenders are likely to maintain stable profits this year on growing interest margins. The government unveiled a series of measures this month to curb ...

ChiNext stock market down -- April 28

The ChiNext stock market was down Wednesday as only 23 of the 75 stocks at China's start-up board for small and medium-sized enterprises rose, while other three stocks were suspended from trading. The board, which is based in Shenzhen and started trading on Oct 30, 2009, is ...

China stock index futures up -- April 28

China's stock index futures rose on Wednesday with the contract for May, the most actively traded, up 0.23 percent to end at 3,129 from the previous trading day. The June contract climbed 0.24 percent to 3,172. The September contract was up 0.38 percent to 3,255, and the December ...

Chinese shares end slightly lower on Wednesday

Chinese equities remained weak on Wednesday after hitting six-month low on the previous trading day, with the benchmark Shanghai Composite Index down 0.26 percent, or 7.6 points, to close at 2,900.33. The Shenzhen Component Index ended at 11,333.85 points, down 21.52 points, or 0...

No plan to suspend realty firms' share issues: CSRC

The Chinese Securities Regulatory Commission (CSRC) said Wednesday that it does not plan to suspend approval of real estate companies' fund-raising proposals. The regulator said it is currently reviewing the fund-raising plans of 59 real estate companies and has submitted 41 ...

Chinese shares drop to six-month low on Tuesday

BEIJING: Chinese equities fell to six-month low on Tuesday with the benchmark Shanghai Composite Index down 2.07 percent, dragged down by heavyweights in financial, real estate and energy-related stocks. The major gauge index on the Shanghai Stock Exchange ended at 2,907.93 ...

Property curbs may trigger influx of cash into stocks

SHANGHAI: China's crackdown on the real estate market may trigger an estimated 400 billion yuan ($58.6 billion) to flow out of property and into equities, according to the nation's largest brokerage. The funds may be diverted into consumer-related stocks with small capitalization...

Chinese shares decline Monday, led by financial, property stocks

BEIJING: Chinese equities fell on Monday with the benchmark Shanghai Composite Index down 0.47 percent, led by financial and real estate companies. The major gauge index on the Shanghai Stock Exchange ended at 2,969.5 points, down 14.03 points, or 0.47 percent. The Shenzhen ...

China poised to add REITs to cool down simmering property market

BEIJING - In the latest salvo aimed at its property market, China is getting ready to launch a real estate investment tool that will give investors an alternative to bricks and mortar, and move to cool a market where prices have risen at the fastest pace in five years. Real ...

China central bank chief wants controls on derivatives

BEIJING - Zhou Xiaochuan, governor of the People's Bank of China, has called for tighter controls on derivatives and warned that the global financial system remained quite fragile. Zhou made his comments to a meeting of finance ministers and central bankers from the Group of 20 ...

China stocks may rally 25% on tightening end, Goldman says

China's stocks may rally 25 percent by the end of the year on higher earnings and the prospect a stronger yuan will allow for an earlier end to the tightening cycle, according to Goldman Sachs Group Inc's Timothy Moe. "The risk reward is pretty good even though we may have to ...

Hong Kong stocks close 1.06% lower -- May 7

HONG KONG - Hong Kong stocks fell 213.12 points, or 1.06 percent, to close at 19,920.29 on Friday. Turnover totaled HK$90.36 billion ($11.62 billion), up from Thursday's HK$81.51 billion .

Chinese miner pulls HK IPO; Korea's Mando prices deal

HONG KONG/SEOUL- Chinese iron ore producer China Tian Yuan Mining Ltd postponed its $450 million Hong Kong IPO on Friday, a day after Swire Pacific called off its planned $2.7 billion property IPO due to global market turmoil. Major stock markets around Asia fell as much as 3 ...

China stocks plunge to eight month low

Chinese shares dropped for a second day to an eight-month low Friday, tracking a tumble in US equities on concerns that the Europe's debt crisis would spread and cripple global economic recovery. The benchmark Shanghai Composite Index fell 1.87 percent to close at 2,688.38 points...

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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