china

BEIJING - The Agricultural Bank of China (ABC) started accepting institutional investors' subscriptions to its A-share initial public offering (IPO) Thursday.Institutional investors' subscriptions will be accepted until July 6, the bank said in a statement posted on its website...
China's stocks may rebound in the second half of the year as slowing inflation and falling property prices dispel investor concerns of increased tightening measures, CITIC Securities Co said. The Shanghai Composite Index may climb above 3,000 this year, CITIC Securities ...
BEIJING: Industrial & Commercial Bank of China (ICBC) plans to issue about 22 billion yuan ($3.24 billion) worth of subordinated bonds to maintain its Tier-2 capital, two sources familiar with the matter said on Thursday. ICBC, the world's most valuable bank, has hired CITIC ...
SINGAPORE - Oil fell for a third day, the longest losing streak in six weeks, on concern economic growth in the United States and China, the world's two largest users, will slow. Oil extended Tuesday's 3 percent decline after the Conference Board said its leading economic index ...
HONG KONG: Agricultural Bank of China (ABC) opened the retail portion of its initial public offering (IPO) in Hong Kong on Wednesday, attracting a steady stream of investors prepared to brave weak markets and concerns about demand for the roughly $20 billion offer. Individual ...
TAIPEI - China UnionPay Co Ltd (CUP), a bankcard services provider, announced Wednesday it has reached an agreement with Taiwan Financial Information Service Co Ltd (FISC) that allows the mainland bankcards to be used in ATMs in Taiwan.The agreement enables Chinese mainland ...
LONDON - The Chinese mainland, which has the worst-performing stock market after Greece, looks like a buy by almost any measure, according to top-ranked analysts of the Asian nation's shares. The Shanghai Composite Index's 27 percent plunge this year, including Tuesday's 4.3 ...
BEIJING - China is streamlining procedures for overseas lending in foreign currencies, the State Administration of Foreign Exchange said on Tuesday. SAFE, the currency regulator, said it would devolve to its regional bureaux the scrutiny of applications by companies for ...
Industrial and Commercial Bank of China (ICBC), China's biggest bank, will offer loans of $100 million or more to US real-estate owners, the Wall Street Journal reported. While most US banks avoid such loans at present, ICBC, which is 70 percent owned by the Chinese government, ...
SINGAPORE - Palm oil posted the biggest drop in eight days as crude oil slumped and soybeans declined, reducing demand for the tropical commodity used in food and biofuels. The September delivery contract fell 1.5 percent to 2,363 ringgit ($737) a ton on the Malaysia Derivatives ...
Citic Securities Co is offering to sell its 53 percent stake in China Securities Co for 8.59 billion yuan ($1.26 billion) on the Beijing Financial Assets Exchange, according to filings to the exchange. The brokerage is offering to sell a 45 percent stake in China Securities for 7...
Ping An Insurance (Group) Co, China's second-largest insurer, is in talks to merge its banking unit with Shenzhen Development Bank Co to get around Chinese rules barring insurers from controlling more than one lender. Ping An Bank Co and Shenzhen Development Bank, both based in ...
South Korea's Hana Bank bought an 18 percent stake of Bank of Jilin on Tuesday to expand retail banking operations in China, Xinhuanet.com reported. South Korea's fourth-largest lender said it had won approval from China's banking regulator to purchase 1.2 billion shares of Bank ...
NEW YORK - US stocks tumbled on Tuesday, with both the S&P and Nasdaq settling at their lowest levels in 2010, as downbeat economic news made investors worry that the global economic rebound was weakening.The Dow Jones industrial average ended 268.22 points lower to 9, 908.92, ...
HONG KONG - Hong Kong stocks closed down 477. 78 points, or 2.31 percent, at 20,248.90 points on Tuesday. Turnover totaled HK$59.05 billion compared with Monday's HK$45.04 billion. ($1 equals to HK$7.784)
BEIJING - China's stock index futures closed down Tuesday with the contract for July, the most actively traded, down 5.03 percent from the previous trading day to end at 2,600.4 points. The August contract fell 4.92 percent to 2,617.8 points. The September contract was down 5.18 ...
Chinese banks would see their bad loan ratios creep up in the next few years but it was unlikely that they would face a systemic crisis similar to that suffered by their Wall Street counterparts two years ago. "Lending to the real estate sector and local government financing ...
BEIJING - The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, slumped 7.54 percent, to close at 913.31 points in Tuesday's trading. The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, ...
Wu Qinyi, a 6-year-old girl, may become the youngest shareholder on China's Nasdaq-style growth enterprises board (GEB), breaking the former record set by 13-year-old Gong Hanyuan, Today Morning Express reported Tuesday. Wu inherited 62,500 shares of Shaoxing-based Zhejiang ...
The Shanghai Composite Index fell below "key" technical support at 2,481, a "bearish signal" for China's stocks, according to Jamie Coutts, technical analyst at BGC Partners in Singapore. The measure slid 3.1 percent to 2,457 at 1:28 pm. It breached a "double-bottom" at 2,481, ...
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 ...