china

NEW YORK Chinese oil company MIE Holdings Corp, on Thursday, cut the number of shares and expected price of its initial public offering, potentially reducing its proceeds from the deal by 42 percent. MIE is the third company this week to cut the expected price for its shares amid ...
BEIJING/HONG KONG - Chinese banks, despite reporting record earnings last month, have had a rocky ride on the Shanghai and Hong Kong stock markets lately, as investors balk at their plans to raise billions to shore up balance sheets after a 2009 lending binge. Some say the months...
China's stock index futures fell Thursday with the contract for May, the most actively traded, down 3.61 percent to end at 2,967.4 points from the previous trading day. The June contract declined 3.09 percent to 3,018.8. The September contract was down 2.52 percent to 3,120.0, ...
Chinese equities dropped to an eight-month low Thursday, led by energy and banking shares. The benchmark Shanghai Composite Index tumbled 4.11 percent to close at 2,739.70 points. The Shenzhen Component Index fell 5.28 percent to 10,422.56 points. Total turnover expanded to 204...
Hua Xia Bank Co's shares dived by the 10-percent daily limit Thursday after the bank said it will raise 20.8 billion yuan ($3.05 billion) through a private share replacement. Hua Xia Bank shares stood at 11.45 yuan per share when trading was suspended. A total of 1.86 billion ...
Agricultural Bank of China, Industrial and Commercial Bank of China, and China Everbright Bank have already been approved to set up financial leasing companies, the National Business Daily reported. By the end of March this year, China's twelve domestic financial leasing ...
SHANGHAI - Mainland stocks rose, with the benchmark index rebounding from its lowest level in seven months, as investors speculated recent declines were overdone. The Shanghai Composite Index rose 21.88, or 0.8 percent, to close at 2,857.15 on Wednesday, reversing a loss of as ...
BEIJING - Nickel may lose its steam after a rally in April as China's latest monetary measure to cool the economy and crack down on sizzling property market could slash demand for the metal. The spot nickel price in Shanghai was down 6,250 yuan ($915), quoted between 180,000 yuan ...
China's Hua Xia Bank said on Thursday it planned to raise up to 20.8 billion yuan ($3.05 billion) via a private share placement in which State-owned steel mill Shougang would leapfrog Deutsche Bank as the biggest shareholder. Hua Xia is the latest Chinese lender to announce ...
BEIJING - Foreign banks operating in China see rosy prospects for their growth in the country, but admitted Chinese lenders are rising into "formidable competitors" to challenge their expansion, consultancy and audit company, PricewaterhouseCoopers (PwC) said on Wednesday. In a ...
China Everbright Bank Co reignites its IPO (initial public offering) dream in Shanghai, and date is likely to be before the end of June, ahead of that of Agricultural Bank of China, according to media reports Wednesday The mid-sized lender still needs to work out details on its ...
HONG KONG - Hong Kong stocks closed down 435.51 points, or 2.1 percent, at 20,327.54 on Wednesday. The turnover totaled HK$76.44 billion ($9.84 billion) compared with HK$55.53 billion Tuesday .
The ChiNext stock market was up Wednesday as all the 79 stocks at China's start-up board for small- and medium-sized enterprises rose except for two stocks were suspended from trading. The board, which is based in Shenzhen and started trading on October 30, 2009, is tailored to ...
China's stock index futures ended mixed Wednesday with the contract for May, the most actively traded, up 0.23 percent to end at 3,076.4 points from the previous trading day. The June contract added 0.14 percent to 3,115. The September contract was down 0.31 percent to 3,198.4, ...
China is considering opening the domestic A-share market for offshore yuan investment after cross-border yuan trade settlement witnessed an explosive growth since early this year, with yuan deposits abroad setting a new high, the Securities Times reported on Wednesday. Chinese ...
Foreign investors are short selling China's stocks through a yuan-denominated exchange-traded fund at the highest rate in more than two years, underscoring concern that property curbs will slow the economy. The ratio of short selling to total turnover on the iShares FTSE/Xinhua ...
China's key stock index closed up 0.8 percent on Wednesday, managing a technical bounce from a seven-month low hit early in the session as concern over Greece's debt woes and weak overseas markets weighed on sentiment. The Shanghai Composite Index ended the day at 2,857.2 points, ...
While joint-equity banks struggle in tight boxes, State-owned commercial banks still enjoy strong lending ability, National Business Daily reported today. According to the first quarter reports of China's four major State-owned listed banks, Commercial Bank of China (ICBC), China ...
Industrial and Commercial Bank of China are likely to revise their fund-raising plans by offering rights issues in Shanghai and Hong Kong rather than selling shares and convertible bonds, the 21st Century Business Herald reported on Wednesday. The newspaper, which quoted ...
China's key stock index fell to a fresh seven-month low on Wednesday morning, dragged lower by bank and property shares, with weakness in overseas markets due to worries about Greece's debt woes weighing on sentiment. The Shanghai Composite Index fell as low as 2,778.4 points, ...
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 ...