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China stocks close higher on Friday

BEIJING - China's stocks closed higher Friday as heavy weights pulled the benchmark Shanghai Composite Index 0.81 percent higher to close at 2,888.57, up 23.11 points. The Shenzhen Component Index closed up 1.23 percent, or 149.7 points, to end at 12,295.85. Combined turnover ...

SAIC buys 0.97% stake in GM IPO

BEIJING - China's largest automaker SAIC Motor Corp said that it acquired an 0.97 percent stake in General Motors for almost $500 million through the US company's IPO on Thursday. As a result of the purchase, traded by SAIC's wholly owned SAIC Motor Hong Kong Investment Ltd, the ...

New rules target insider trading

Move to protect confidentiality and ensure investors treated fairly BEIJING - The State Council, China's Cabinet, on Thursday ordered further measures in its crackdown on stock market insider trading. The measures include ensuring confidentiality of non-public information about ...

Pension Fund to offer stock in Chongqing Bank's HK IPO

China's National Social Security Fund is offering stock in the Hong Kong initial share sale of a commercial bank from Chongqing, expanding the size of the lender's offering, Bloomberg reported, citing three people familiar with the matter. The State pension fund is offering 185.5 ...

China's stocks close mixed Wednesday

BEIJING - China's stocks closed mixed Wednesday, with the benchmark Shanghai Composite Index up 0.12 percent, or 3.27 points, to close at 2,823.45. The Shenzhen Component Index lost 0.21 percent, or 25.9 points, to end at 12,310.38. Combined turnover shrank from Tuesday's 334.3 ...

Shanghai eyes int'l board launch in 2011 -official

China will hopefully start letting foreign companies sell shares in Shanghai next year, with approval processes for such listings to be made relatively simple, a city official said on Wednesday. The comments by Fang Xinghai, Director-General of the Shanghai Financial Services ...

$1.05t expected to flow to developers in 2010

Real estate developers in China may have a capital source of 7 trillion yuan ($1.05 trillion) this year, the China Securities Journal reported Wednesday, citing an analyst with Haitong Securities. A total of 5.69 trillion yuan has flooded to Chinese property developers over the ...

China to increases yuan-settlement companies

China will "soon" increase the number of companies involved in trials for cross-border yuan trade settlement, Bloomberg reported, citing Hong Kong Monetary Authority (HKMA) Chief Executive Norman Chan. China's central bank will at least double the number of qualified exporting ...

Bank of China opening Brussels branch

BRUSSELS - Bank of China, the largest foreign currency business bank in China, will officially open a new branch next week in Brussels to meet the momentum of brisk Sino-European economic and trade cooperation. Amid the unfolding European debt crisis, the branch located in the ...

China to levy tax on individuals' restricted-share transfers

BEIJING - China's Ministry of Finance (MOF) said Tuesday nine types of individual transfer of listed companies' restricted shares will be subject to income tax. The announcement came in the Supplementary Circular of Income Taxation Concerning Issues on Individual Transfers of ...

China's stocks close lower Tuesday

BEIJING -- China's stocks closed lower Tuesday, with the benchmark Shanghai Composite Index down 1.61 percent, or 46.18 points, to close at 2,820.18. The Shenzhen Component Index lost 1.6 percent, or 200.26 points, to end at 12,336.29. Combined turnover rose to 334.3 billion yuan ...

PBOC to sell 1b yuan of one-year bills

One-year bills to go on sale China's central bank plans to sell 1 billion yuan ($150 million) of one-year bills on Tuesday in open market operations, according to a statement on its website. The amount of debt offered has dropped for four straight weeks, with the auction being ...

China's stocks close lower Monday

BEIJING - China's stocks closed lower Monday, with the benchmark Shanghai Composite Index down 0.19 percent, or 5.34 points, to close at 2,866.36.The Shenzhen Component Index lost 0.02 percent, or 2.46 points, to end at 12,536.55.Combined turnover shrank from Friday's 270.32 ...

Shanghai Stock Exchange to expand ETF trading

BEIJING - The Shanghai Stock Exchange (SSE), which marked its 20th anniversary of trading on Friday, is planning to boost the market of Exchange-Traded Funds (ETF), a relatively new breed in China's securities market, to cater for the growing appetite of Chinese investors. Zhou ...

China stock index futures close down -- Nov 26

BEIJING - China's stock index futures closed lower Friday with the contract for December, the most actively traded, down 0.58 percent from the previous trading day to end at 3,213.0 points. The November contract fell 0.53 percent to 3,244.8 points. The March 2011 contract ...

Hong Kong stocks close 0.77% lower -- Nov 26

HONG KONG - Hong Kong stocks closed down 117. 43 points, or 0.77 percent, at 22,877.25 on Friday. Turnover totaled HK$66.31 billion ($8.54 billion) compared with Thursday's HK$74.44 billion.

China's stocks close lower Friday

BEIJING - China's stocks closed lower Friday, with the benchmark Shanghai Composite Index down 0.92 percent, or 26.56 points, to close at 2,871.70. The Shenzhen Component Index lost 0.52 percent, or 65.07 points, to end at 12,539.01. Combined turnover shrank from Thursday's 323...

ChiNext Index closes up -- Nov 26

BEIJING - The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, rose 9.66 points, or 0.81 percent, to close at 1,196.02 on Friday. The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, ...

China Mobile, SPDB agree on mobile finance co-op

BEIJING -- China Mobile, the world's largest mobile carrier, said on Thursday that it had signed an agreement of cooperation with the Shanghai Pudong Development Bank (SPDB) in areas of mobile finance and mobile e-commerce. The two companies will also cooperate in mobile phone on...

PBOC warns of risk of credit card debt

BEIJING - China's central bank warned about the risk of credit card related bad debt on Thursday as money owed 180 days past the due date was on the rise in the third quarter. Credit cards debt 180 days past the due repayment date stood at 7.92 billion yuan ($1.19 billion) by the ...

Latest World News

world

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 ...

market

finance

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 ...

company

industry

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 ...

trade

sports

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 ...
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