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IMF cites significant securities sector improvements: China's securities sector has seen considerable volatility but has undergone significant development overall, and the country's legal and regulatory systems needs to be more transparent and market-oriented, a report by the International Monetary Fund (IMF) said on Tuesday. A ...

Yuan weakens to 6.3509 against USD Wednesday: The Chinese currency Renminbi, or the yuan, weakened to 6.3509 against the U.S. dollar on Wednesday from Tuesday's 6.3436, according to the China Foreign Exchange Trading System. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the ...

Gold price opens higher in Hong Kong: The gold price in Hong Kong went up 142 HK dollars to open at 16,530 HK dollars per tael on Wednesday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,782.81 U.S. dollars a troy ounce, up 15.31 U.S. dollars at the latest exchange rate of ...

Yuan weakens to 6.3436 against USD Tuesday: The Chinese currency Renminbi, or the yuan, weakened 135 basis points to 6.3436 against the U.S. dollar on Tuesday, according to the China Foreign Exchange Trading System. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the central ...

Banks to speed up their overseas expansion: In keeping with China's trend of putting more money into outbound investments, Chinese bankers are showing a resolve to expand their businesses overseas. The move in that direction comes following the recent world financial crises and in the midst of turmoil in the eurozone, when ...

China reports current account, financial account surplus in Q3: China's foreign exchange regulator on Tuesday said the country continued to see surpluses both under the current account and financial account in the third quarter of this year. The surplus under the current account, which measures China's foreign trade of goods and services, ...

Shanghai issues China's first local gov't bonds: Shanghai issued China's first ever local government bonds on Tuesday as part of the country's pilot project to contain the debt risks of financially-challenged local governments. The government will sell three-year fixed-rate bonds worth 3.6 billion yuan (567 million U.S. dollars...

CCB: Bank of America selling shares won't affect development: A China Construction Bank (CCB) spokesman said Tuesday that Bank of America decided to sell most of its CCB shares "for its own reasons," and the sales will not affect CCB's development. Bank of America said Monday that it would sell most of its remaining shares in CCB this month ...

Brokerages taking stock after profits dip: A sharp decline in third-quarter profits, due to sluggish markets, has forced brokers to take stock as a third of listed securities companies reported losses for the year. The country's 17 listed securities companies have been facing difficult times amid shrinking trade volume in ...

IMF: China's financial system robust overall, further reforms needed: The International Monetary Fund (IMF) said Monday that China's financial system is sound and has achieved remarkable progress. "China has made remarkable progress in its transition toward a more commercially-oriented and financially sound system," the organization said in the ...

Yuan strengthens to 6.3301 against USD Monday: The Chinese currency Renminbi, or the yuan, strengthened 16 basis points to 6.3301 against the U.S. dollar on Monday, according to the China Foreign Exchange Trading System. In China's foreign exchange spot market, the yuan is allowed to rise or fall by 0.5 percent from the ...

APEC to Unleash New Growth in "Two-sphere" World: As the world badly needs to remove huge uncertainties triggered by the eurozone debt crisis, discussions and collaboration among Asia-Pacific Economic Cooperation (APEC) leaders to unleash new growth potentials remain crucial in the current "two-sphere" world. The interconnected ...

APEC Committed to Building Seamless Regional Economy: Leaders of the Asia-Pacific Economic Cooperation (APEC) members committed Sunday to building a seamless regional economy through joint efforts. The annual forum here concluded with the leaders agreeing to The Honolulu Declaration -- Toward a Seamless Regional Economy, which says: ...

Micron Price Guides drops: Australian Wool Industries Secretariat Inc (AWIS) releases wool sale report for the week ending November 11. The Australian Wool Exchange (AWEX) Regional Indicators finished 0.5% lower, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate ...

Banks get nods to issue bonds to finance MSE: The China Banking Regulatory Commission (CBRC) has given green light to three banks to auction special bonds worth 110 billion yuan to finance loans to the micro- and small-enterprises (MSE), in its latest efforts to lend support to struggling businesses. China Minsheng Bank, ...

RMB Exchange Rate Adjustment No Solution to US Trade Deficit: Minister: Chinese Commerce Minister Chen Deming said the Chinese currency's exchange rate is at a basically reasonable level and adjusting the rate can't solve the U.S. trade deficit with China. Chen made the remarks Friday while meeting separately with U.S. Commerce Secretary John Bryson ...

China launches call, put forex options: China's foreign exchange regulator said on Friday it had allowed the trading of call and put foreign currency options in the country to help traders and investors reduce their exposure to exchange rate fluctuations. Trading of call and put options will begin on Dec. 1 this year, ...

Advanced Economies Face Risk of Falling Back into Recession: Advanced economies may fall back into recession if policymakers fail to rebuild market confidence and boost growth, warned the International Monetary Fund (IMF) on Friday. In a report presented to the G20 summit in Cannes, France last week but only published on Friday, the ...

China cracks down on illegal fund raising crimes: China has launched a special campaign that will last three months to crack down on crimes of illegal fund raising, according to a statement issued at an inter-ministerial joint conference Thursday. Efforts should be made to intensify the supervision over the private financial ...

China mulls monitoring system on private lending: The Chinese government is considering establishing a monitoring system for private lending activities after a severe debt crisis of small firms in east China brought the informal lending market into spotlight. "Relative departments are studying, trying out and improving a ...

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China's reform leading group holds first meeting: BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...

China stocks close higher over liquidity injection: BEIJING, Jan. 21 (Xinhua) -- Chinese shares rose on Tuesday after the ...

China slams Japan's NHK governor's denial of Nanjing massacre: BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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China cuts retail oil prices: BEIJING, Jan. 24 (Xinhua) -- China's top economic planner announced on ...

Canada's main stock index tumbles over asset loss in emerging markets: TORONTO, Jan. 24 (Xinhua) -- Canada's main stock index fell sharply on ...

GM China chairman to retire: CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...

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Super car club in commercial drive: On the night of Nov 11, more than 150 super cars were driven into the ...

China's banks must evolve or perish: As China's traditional banks raise interest rates to claw back lost ...

Chinese leader calls for more marine power: Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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Stars 'Big Three' fall short of title in 1st year: Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...

Injured star short-track skater Wang Meng left out of China's squad for Sochi: Injured Olympic champion Wang Meng has been ruled out of the 139...

Fourteen countries expected to compete in Cuba's wrestling tourney: Some 14 countries and regions are expected to compete in the 45th ...

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