china

BEIJING - Chinese equities posted large gains on the last trading day of 2010, with the benchmark Shanghai Composite Index up 1.76 percent, or 48.5 points, to close at 2,808.08 points on Friday. The Shenzhen Component Index jumped 2.63 percent, or 319.66 points, to close at 12...
SHANGHAI - China's benchmark money market rate jumped 22 basis points to more than 6.25 percent on Thursday, its highest level in three years, after the central bank raised interest rates on the loans that it makes to commercial banks. The People's Bank of China (PBOC) announced ...
BEIJING - China has 2,062 listed companies, ranking the second in the world by market capitalization of stocks, said Shang Fulin, chairman of the China Securities Regulatory Commission, Thursday. The number of stock investors has totaled 130 million, Shang said at a symposium ...
BEIJING - China's State Administration of Foreign Exchange (SAFE) Thursday issued new guidelines on foreign exchange market makers and classified them into three types in a move aimed at increasing liquidity on China's foreign exchange market and boosting its development. Market ...
BEIJING - Chinese equities continued Wednesday's rise, with the benchmark Shanghai Composite Index up 0.29 percent, or 8.04 points, to close at 2,759.57 points on Thursday. The Shenzhen Component Index gained 0.2 percent, or 24.33 points, to close at 12,138.9 points. Combined ...
BEIJING - China approved another 15 foreign agencies' applications to publish financial information in China this year, bringing the total number to 25, the State Council Information Office (SCIO) said Thursday. Wang Chen, director of the SCIO, told a press conference that ...
SHANGHAI - China's securities regulator has suspended approval of exchange-traded funds (ETFs) seeking to list on the Shanghai Stock Exchange since technical glitches in November, the Oriental Morning Post reported, citing unidentified people. The technical issues delayed ETF ...
SHANGHAI - Tougher capital rules may be required for China's biggest lenders that are systemically important, Reuters reported Thursday. Higher capital adequacy ratio targets for big banks are also required to build up counter-cyclical capital buffers in the banking system, Liu ...
SINGAPORE - The first Singapore branch of CITIC Bank International (CBI) opened Wednesday, as part of a regional expansion plan of its parent China CITIC Bank Corporation. The full-service commercial bank told Xinhua that the Singapore branch is also its first in Southeast Asia, ...
BEIJING - The State Administration of Foreign Exchange (SAFE), China's foreign exchange regulator, said Wednesday that 16 banks have been found to have committed irregularities in their foreign exchange transactions since October. The regulator has handed out penalties to these ...
BEIJING - Price stability should always be the main target of China's monetary policy, a central bank official said Wednesday. Sheng Songcheng, director of the Financial Survey and Statistics Department of the People's Bank of China (PBOC), wrote in a statement posted on the ...
BEIJING -- China's top quality regulator said Thursday dairy product markers will have to obtain new production certificates this year, and those with weak quality guarantees will be shut down. The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) ...
BEIJING - China's coastal region is short of an estimated 10 million workers, with the Pearl River Delta region needing between 2 million to 3 million. Experts said on Wednesday that this shortage should motivate labor-intensive manufacturers to update production processes and ...
BEIJING - A Chinese consumer complaints website was exposed on Wednesday by China Central Television (CCTV) for taking money in return for keeping complaints off its website, however the website has accused CCTV of distorting the facts. According to the news program, the website ...
China's consumer price index (CPI), a major gauge of inflation, is expected to have grown at a slower pace in December 2010, the Financial News reported Thursday. Tang Jianwei, a senior analyst at Bank of Communications, said the CPI for the last month of 2010 may have increased ...
BEIJING - Even a large appreciation of the yuan will not substantively reduce China's trade surplus with the United States, as US operations in China are the major source of the bilateral trade imbalance, said a vice-minister of commerce on Wednesday. "Any adjustment to the yuan ...
BEIJING -- Chinese mainland and Taiwan on Thursday jointly established an economic cooperation committee under the framework of the cross-Straits Economic Cooperation Framework Agreement (ECFA). The mainland and Taiwan agreed in their landmark economic pact reached last year that ...
BEIJING -- China earns only a thin profit but, at the same time, a big trade surplus from the processing trade, a Chinese commerce official said Wednesday. Jiang Yaoping, China's vice commerce minister, told a forum in Beijing that as a result of globalization, Chinese enterprise...
BEIJING - China should draw in loose fiscal policies before long and does not have room for big increases in state outlays on top of existing programs, a senior government researcher said in comments published on Thursday. But Jia Kang, head of the Chinese Ministry of Finance's ...
MADRID - China and Spain will ink governmental agreements and commercial contracts worth $7.5 billion, visiting Chinese Vice-Premier Li Keqiang said Wednesday at a breakfast meeting of Chinese and Spanish businesspeople.Li said China-Spain ties have stood the test of time since ...
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 ...