china

Agricultural Bank of China (ABC) planned a simultaneous share float in Shanghai and Hong Kong in July, widely expected to be the biggest IPO in recent times, the Century Weekly reported on Monday, citing several unnamed sources. The time of the initial public offering (IPO) of ...
Chinese shares rebounded Monday after dropping to an eight-month low on the previous close. The benchmark Shanghai Composite Index gained 0.39 percent to close at 2,698.76 points. The Shenzhen Component Index climbed 1.16 percent to 10,264.05 points. Total turnover shrank to 168...
As much as three trillion yuan has vanished in China's capital market since Jan 11, when the benchmark Shanghai Composite Index reached the highest level of this year, the Shanghai Securities News reported today. The Shanghai Composite Index closed at 3,306 points on Jan 11, with ...
SHANGHAI - China's stocks fell, sending the benchmark Shanghai Composite Index to an eight-month low, as concern Europe's debt crisis will halt the global recovery spurred the biggest drop in US equities in a year. Air China Ltd, the nation's largest international carrier, and ...
Banks still in talks with Central Huijin on details of fund-raising plans BEIJING - Industrial and Commercial Bank of China (ICBC) and Bank of China (BOC), the country's first- and third-largest lenders by market value, may be considering tweaking their fund-raising plans by ...
BEIJING - The China Securities Regulatory Commission (CSRC) on Friday issued guidelines for securities firms and equity funds to trade stock index futures in a move to regulate their investments and manage potential trading risks. Securities firms should trade index futures for ...
Central Huijin, the domestic investment arm of the nation's sovereign wealth fund, China Investment Corp (CIC), plans to issue 50 billion yuan ($7.32 billion) long-term renminbi-denominated bonds in the inter-bank market, the Century Weekly magazine reported on Monday. Sources ...
HONG KONG - Agricultural Bank of China (AgBank) has reached an agreement with a group of seven investors ahead of its massive initial public offering, sources say, with two funds from the Middle East considering a stake that may exceed $2 billion. The agreements are a key step ...
The State Council has expanded the cross-border yuan settlement pilot program to 20 provinces, caing.com reported Friday. Exports and imports involving all countries or regions can be settled in yuan in these 20 provinces, according to Li Dongrong, assistant governor of the ...
Chinese equities fell for the second consecutive trading day on Friday led by a slump of health-care shares on profit taking. The benchmark Shanghai Composite Index lost 1.84 percent to close at 2,513.22. The Shenzhen Component Index went down 1.93 percent to end at 9,966.54. ...
The Shenzhen Development Bank's (SDB) annual shareholders meeting has approved seven high-level executives from Ping An Insurance (Group) Co of China to be named as directors of the bank,the China Business News reported on Friday. The meeting on Thursday approved Richard Jackson, ...
The People's Bank of China (PBOC) added a net 190 billion yuan ($27.82 billion) through open-market operations this week, suggesting a shortage of cash at banks, the Oriental Morning Post reported Friday. The PBOC, China's central bank, offered 5 billion yuan of one-year notes ...
Industrial and Commercial Bank of China, the world's largest bank by market value, is sticking to its capital-raising plan, two sources close to the deal said on Friday. The sources, both with direct knowledge of the bank's intentions, said ICBC would issue 25 billion yuan ($3.7 ...
BEIJING: The Industrial and Commercial Bank of China (ICBC), the country's largest bank, said Thursday its 400 branches nationwide have helped organizer of the 16th Asian Games sell nearly 18,000 tickets so far. The 16th Asian Games, Asia's largest sports event, is to be held in ...
Analyst: Steps needed to ensure security of nation's dollar assets BEIJING - The delisting of Fannie Mae and Freddie Mac, the largest US home funding companies, on US securities exchanges may force China, the largest holder of their mortgage bonds, to adjust its holdings, but ...
Private capital may acquire the qualification to become a main sponsor of rural banks, changing the current rule that a village or county-level bank must have a bank as its main sponsor and largest shareholder. Securities Times got the information from a senior executive in the ...
HSBC Holdings will grow in profit and size in China as the powerhouse economy further opens up its capital markets and fuels growth, the group's chairman told Reuters in an interview on Wednesday. HSBC is keen to list its shares in Shanghai as part of its China plans but the ...
The Agricultural Bank of China (ABC) on Thursday kicked off a road show and preliminary price inquiry in Beijing for its initial public offering (IPO) on the Shanghai bourse before a planned listing on July 15, according to the bank's prospectus. The road show, which will also go ...
SHANGHAI: Agricultural Bank of China (ABC) seeking to raise more than $23 billion in what would be the world's biggest initial public offering, said it will launch the Shanghai portion of its IPO this week. ABC also said on Wednesday it aimed to list on July 15, confirming ...
BEIJING - China's bankcard association, China UnionPay (CUP), announced Tuesday that all 2,600 ATM machines of Canada' s Scotiabank have begun accepting CUP cards in Canada.This puts the total number of ATM machines that accept CUP cards to 15,000 in Canada, with the heaviest ...
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 ...