china

BEIJING - China will not pursue hefty foreign exchange reserves nor, in the long run, will it target running an international payment surplus, China's currency regulator said Friday. The composition of China's foreign exchange reserves is adjusted and optimized according to ...
China's banking regulator has ordered trust companies to halt the launch of wealth-management products via banks, three sources familiar with the matter told Reuters on Monday. Trust company products have been an increasingly popular way for banks facing credit quota restrictions ...
Bank of China Ltd, Asia's third- largest lender by market value, plans to raise as much as 60 billion yuan ($8.9 billion) in a rights offer to replenish capital. The lender will sell 1.1 shares for every 10 held, or as many as 19.56 billion shares in Shanghai and 8.36 billion in ...
BEIJING - Chinese shares closed up Friday ending a seven-day losing streak.The Shanghai Composite Index was up 9.11 points, or 0.38 percent, at 2,382.9 points. The Shenzhen Component Index closed up 0.26 percent, or 23.98 points, at 9,227.89 points. Shares of property developers ...
TOKYO - Rubber advanced to a one-month high after data showed stockpiles in China declined to the lowest level in seven years, sparking optimism the biggest buyer may soon replenish inventories. Futures in Tokyo climbed to 288.6 yen per kilogram ($3,231 a metric ton), matching a ...
China's international board will be yuan-dominated, but there is no date set yet for its launch, the Shanghai Securities News reported. It depends on the technological preparation from the Shanghai Stock Exchange, and on rules and regulations designed by the China Securities ...
SHANGHAI - Mainland stocks rebounded, extending gains for the benchmark index to a third week, as concerns about banks' stress tests eased and agriculture companies advanced after the worst floods in a decade boosted food prices. The Shanghai Composite Index added 37.64, or 1.4 ...
BEIJING - China's Ministry of Finance announced Friday it will float a batch of 273-day book-entry treasury bonds worth 10 billion yuan ($1.48 billion) next week. A statement on the ministry's website said the bonds will be sold at 98.62 yuan per bill, with an annual yield of 1...
HONG KONG - Hong Kong's Securities and Futures Commission said late Friday it had authorized the first fund denominated in renminbi (RMB) for sale to retail investors in this Asian financial hub. In a statement posted on its website, the SFC said it had been working closely with ...
BEIJING - Chinese shares rose Friday after the central bank announced late Thursday plans to maintain its moderately loose monetary policy and enhance financial supports to boost sustainable economic development. Shares of travel-related businesses led gains. Bank shares also ...
China's auction of nine-month treasury bills today had the highest bid-to-cover ratio of the year, reflecting strong demand from banks seeking returns after the government restricted lending to help contain inflation. The 10 billion yuan ($1.5 billion) issue attracted orders for ...
China's banking regulator on late Thursday said the hypothetical situations in the risk tests of banks, such as a possible slump in property prices, does neither indicate the regulator's judgment on the property market nor possible changes in government property policies. The ...
China's Nasdaq-style ChiNext board has fostered more than 250 multi-millionaires whose assets total more than 100 million yuan as of Thursday, just nine months after the board's debut on the Shenzhen Stock Exchange, the Shanghai Securities News reported Friday. The top nine of ...
BEIJING - Nasdaq OMX Group Inc, the owner of the second-largest US stock exchange, is likely to have its best year ever in terms of the number of new listings from China if the market continues to perform well, said Eric D. Landheer, the bourse's Asia-Pacific head, on Thursday. ...
China will probably let more investment companies backed by local governments issue bonds, according to the group that regulates the country's interbank bond market. On July 14, Shangrao City Construction Investment Development Group Co sold 1 billion yuan ($148 million) of seven...
China Everbright Bank, which is looking to raise roughly $3 billion in an initial public offering (IPO) in Shanghai, will submit a price range of 3.0-3.3 yuan per share (44 cents - 49 cents) to the securities regulator for approval, a person with direct knowledge of the ...
China's insurance regulator is considering opening the market for compulsory automobile insurance to foreign firms, said three people with knowledge of the matter. The China Insurance Regulatory Commission (CIRC) may allow foreign firms to offer mandatory liability insurance, ...
BEIJING - China's second largest bank, the China Construction Bank (CCB), said it has been approved by the Australian Prudential Regulation Authority to set up a branch in Sydney. The branch would be allowed to provide deposit services, loans, trade financing, foreign exchange ...
China may allow commercial banks and trust companies to resume their financing cooperation after the banking regulator issues detailed rules, the Shanghai Securities News reported Friday, citing an unidentified person familiar with the situation. The China Banking Regulatory ...
BEIJING - China's insurance regulator issued detailed rules on Thursday governing how insurers invest their profits, which reiterated the ban on direct investment in property development and specified the ratio of funds that insurers could invest in new sectors such as unlisted ...
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 ...