china

BEIJING - Led by commodity producers, China's stocks closed higher Thursday, with the benchmark Shanghai Composite Index jumping 1.34 percent, or 38.32 points, to close at 2,898.26. After Wednesday's 1.1 percent advance, the index rose for a second day on the back of improved ...
BEIJING - The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, rose 27.31 points, or 2.41 percent, to close at 1,161.69 on Tuesday. The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, ...
BEIJING - Chinese shares closed up Tuesday with the benchmark Shanghai Composite Index up 0.65 percent to close at 2,875.86, up 18.68 points. The Shenzhen Component Index closed up 1.89 percent, or 234.21 points, to end at 12,657.00. Combined turnover was 206.78 billion yuan ($31...
China's central bank has expanded the number of trade companies qualified for cross-border yuan settlement to 67,359, according to a statement posted on its website Monday. Originally, only 365 companies were qualified. The People's Bank of China (PBOC) statement said the order ...
China's credit supply this year has exceeded 7.5 trillion yuan by the end of November, according to sources. It is estimated that new loans in November reached about 600 billion yuan, Shanghai Securities News reported Tuesday. Hu Xiaolian, deputy governor of the People's Bank of ...
Citigroup Inc plans to expand its China branch network to about 100 outlets in two to three years, Bloomberg reported on Dec 7, citing Stephen Bird, the bank's co-chief executive officer for the Asia-Pacific region. The New York-based Citigroup currently has 31 outlets in China, ...
China plans to allow small-and medium-sized companies to issue bonds in private placements next year to help them raise funds, Reuters reported on Dec 7, citing the Securities Times. The government will soon launch a trial of the program, the paper said, citing information from ...
Legend Capital, the venture capital unit of Legend Holdings, plans to raise at least 1 billion yuan ($150 million) in a yuan-denominated fund and $350 million in a US dollar fund in the first half of next year, Reuters reported on Dec 6, citing a senior executive. The planned new ...
BEIJING - China's equities closed mixed Monday, as the benchmark Shanghai Composite Index was driven up by oil and financial heavyweights to end at 2,857.18, up 0.52 percent, or 14.75 points. The Shenzhen Component Index fell 0.16 percent, or 20.22 points, to end at 12,422.79. ...
SHENZHEN -- China will intensify its supervision and regulation of the futures market, and severely crack down on insider trading and market manipulation, according to the country's securities regulator. Jiang Yang, Assistant to Chairman of the China Securities Regulatory ...
SHANGHAI -- Gold jewelry is never just a bond of affection to the Chinese, it is also endowed with the hope of maintaining and increasing the value of assets as a surging investment demand seen around the country. In the previous 10 months, China's gold, silver and jewelry ...
HONG KONG - The International Monetary Fund (IMF) said in a report published Friday that Hong Kong's property prices are likely to be pushed even higher given Hong Kong's buoyant economic outlook and its position as a leading recipient of global capital inflows. The working paper...
By the end of this year, China may allow companies to issue short-term financing bills with a maturity between seven to 270 days, the Shanghai Securities Journal reported Friday. According to the report, the proposed finance tool known as ultra short-term financing bills would ...
Morgan Stanley has joined global buyout firms such as Blackstone Group and Carlyle Group in a rush to tap China's booming private equity market, partnering with the eastern city of Hangzhou to launch yuan-denominated funds, Reuters reported on Dec 3. Morgan Stanley has signed a ...
BEIJING - China's stocks closed mixed Friday, with the benchmark Shanghai Composite Index down 0.04 percent, or 1.18 points, to end at 2,842.43. The Shenzhen Component Index added 0.27 percent, or 33.98 points, to end at 12,443. Total turnover contracted to 206.8 billion yuan (...
SHANGHAI - Chinese mainland stocks rose for a second day as improving global economic data and speculation that Europe's debt crisis will be contained bolstered the outlook for the nation's exports. PetroChina Co and Jiangxi Copper Co led commodity stocks higher as crude and ...
China's central bank has urged lenders to strengthen verification of cross-border trade settlements in yuan, as part of efforts to curb hot money inflows, the Securities Times reported on Dec 3, citing Fan Linchun, an official of the Guangzhou branch of the People's Bank of China...
China may contribute $8 billion to establish Shanghai Cooperation Organization (SCO) Development Bank, the 21st Century Business Herald reported Thursday. The proposed fund to establish the bank could be as large as $10 billion. China would be the main investor, and the remainder ...
BEIJING - China's stocks closed higher Thursday, trailing rally of the US stock market overnight on improved economic data. The benchmark Shanghai Composite Index rose 0.71 percent, or 20.16 points, to close at 2,843.61. The Shenzhen Component Index added 0.80 percent, or 98.64 ...
China should channel its high level of savings from banks to the stock market in order to avoid risks to the financial system and further develop the capital markets, Bloomberg reported on Dec 2, citing the central bank adviser Li Daokui. Li's concerns about the nation's rising ...
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 ...