china

Beijing motorists who break traffic rules will soon be able to pay their fines on the spot. A testing program for paying penalties via so-called point of sales (POS) machines finished on Monday by the Beijing traffic management bureau and the Beijing branch of Industrial and ...
Agricultural Bank of China(ABC) may raise as much as $15 billion in the Hong Kong part of what could be the world's largest initial public offering, according to an e-mail sent to investors. The bank, China's largest by number of customers, will sell $10 billion to $15 billion of ...
BEIJING: China's State Council, the cabinet, ordered local governments on Sunday to better manage investment agencies amid concern that their borrowings, estimated at hundreds of billions of yuan, could cause problems for Chinese banks. It also directed banks to control lending ...
The 4th China International Private Equity Forum saw contractual agreements worth 15.5 billion yuan signed, before it closed in north China's Tianjin Municipality Saturday. The forum, which aimed at providing introduction services between investors and enterprises, attracted 729 ...
BEIJING - China's banking regulator had approved the Shenzhen Development Bank's direct share placement plan with Ping An Insurance, the Shenzhen Development Bank announced on Friday. After the deal, Ping An, China's second largest insurer, will have a 30 percent stake in the ...
HONG KONG - The Hong Kong stock exchange (HKEx) said Monday it would introduce Agricultural Bank of China (ABC) stock options on July 16, which was subject to the successful listing of the stock on the same day. According to a statement posted on HKEx's official website, ABC's ...
New China Life Insurance Co (NCL), the country's fourth-largest life insurer, reported a 68 percent year-on-year increase of premium income in the first six months of this year, driven by the company's strong growth in the bancassurance business, NCL's vice president said on ...
The growth in the funds outstanding for foreign exchange continued to slow down in June following a sharp fall in May, indicating that international speculative money is withdrawing from the country before they make a comeback, the China Business News reported Monday, citing data ...
Non-performing loans from infrastructure construction may surge around 2012 after a lending binge that started in 2009 and continued into the first half of this year, reported Beijing-based International Finance News, citing a latest market survey and central bank statistics. The ...
China's key stock index ended 0.8 percent higher on Monday at a two-week high, led by banks and property shares, as investors were upbeat China could shift to a more neutral stance in the second half year on policy tightening. The Shanghai Composite Index rose to 2,490.7 points, ...
SHANGHAI: China's banking regulator has extended a deadline that allows commercial lender China Development Bank(CDB) to sell risk-free bonds until the end of 2011, two people familiar with the situation said on Monday. The China Banking Regulatory Commission's decision to extend ...
Core capital adequacy ratio of Agricultural Bank of China(ABC) is expected to rise beyond 10 percent after collecting more than $22 billion via a dual listing later this week, Moody's said in a report on Monday. Special Coverage:Focus on ABC's IPO Plan The rating agency last week ...
About three-quarters of investors lost their money in the first half of this year, and of those, about 40 percent reported a loss of over 30 percent, according to the latest research released by the financial news website Hexun, Shanghai Securities News reported. The survey ...
BEIJING - The central parity rate of the yuan, China's currency Renminbi (RMB), stood at 6.7718 per US dollar Monday, a new record high, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it would further ...
Investors cautious ahead of Q2 macroeconomic data, ABC IPO BEIJING - The recent gains in the Chinese stock market will be put to the test this week as investors remain cautious ahead of the official release of the second quarter's macroeconomic data and Agricultural Bank of China...
SHANGHAI - Haitong Securities, China's second-biggest brokerage by market value, said on Friday that first-half net profit fell nearly one-third from a year ago due to weak stock markets. China's main stock index was one of the world's worst performers this year, down nearly 27 ...
BEIJING - China's State Administration of Foreign Exchange (SAFE) said Friday it would step up efforts to monitor and fight hot money inflow. This is the fifth time for the country's foreign exchange regulator to respond to the issue publicly within a week. The regulator posted a ...
SHANGHAI: Chinese shares rebounded Friday after the central bank reaffirmed loose monetary policy, ending the week up by 3. 7 percent. [China reaffirms yuan stance, loose monetary policy] The benchmark Shanghai Composite Index gained 55.77 points, or 2.3 percent, to close at 2...
Several banks in Shanghai have resumed lending to third-time homebuyers and loosened criteria on identifying second-time housing purchases amid a sluggish housing market, the local newspaper Oriental Morning Post reported. Managers of personal loans at the banks told the paper ...
SHANGHAI: China is considering allowing non-finance corporates to sell bonds privately to investors, local media reported on Friday, citing unidentified sources at the National Association of Financial Market Institutional Investors. Corporate bond issuance through private ...
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 ...