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Not a rosy debut for IPOs in Q3: Turmoil in stock markets around the world has caused a more than 71 percent plunge in funds raised from initial public offerings among Chinese firms in the third quarter. The number of new listings has also dropped sharply over the last three months, according to a report by ...

Regulator's new rules for banks: China has signed off a set of rules for its small but booming wealth management sector to temper rapid growth and prevent banks from exploiting loopholes to beat regulation. More than just an area of growth, China's wealth industry has been used by banks to attract deposits and ...

"Golden Week" Disappoints Property Developers: The 7-day National Day Holiday, dubbed as the "Golden Week" for businesses, has obviously disappointed real estate developers with gloomy sales results. Official statistics show that in the first five days of the holiday, only 547 housing units were sold in Beijing, down 24 ...

Gold price opens lower in Hong Kong: The gold price in Hong Kong went down 275 HK dollars to open at 15,210 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,640.44 U.S. dollars a troy ounce, down 28.8 U.S. dollars at the latest exchange rate of ...

China on course to squeeze property bubble: After nearly two years of government efforts to cool the country's rampant property market, prospective homeowners are finding that housing prices may fall within their reach before long. Home sales are drying up in many cities. Property developers are feeling strain from the ...

China's central bank regrets U.S. Senate's yuan bill: The People's Bank of China, the country's central bank, Tuesday expressed its "deep regret" about the U.S. Senate's currency bill that pushed China to let the yuan appreciate further. The central bank said the U.S. Senate's bill may seriously affect China's currency reform, and ...

U.S. Senate votes to allow debate on yuan bill: The U.S. Senate voted Monday to allow a debate on a controversial bill on so-called "currency manipulation" by China amid strong opposition from China and U.S. business groups. The 79-19 vote opened a week-long debate on the bill, the last procedure before it is to be finally ...

China Jan-Aug insurance premium tops 1 trln yuan: Chinese insurance companies' premium income topped 1.01 trillion yuan (157.9 billion U.S. dollars) in the first eight months of 2011, the China Insurance Regulatory Commission (CIRC) said on its website. In the first eight months, premium income from the property insurance ...

Yuan hits new high against U.S. dollar to 6.3549: The Chinese currency Renminbi, or the yuan, strengthened 116 basis points against the greenback on Friday, with the central parity set at 6.3549 per U.S. dollar, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed ...

China's central bank to continue prudent monetary policy: China's central bank on Friday reiterated that it will continue to pursue a prudent monetary policy and make price stability a priority. The rhythm and force of the monetary policy must be handled carefully, the People's Bank of China said in a statement. "China's economy is ...

China warns of uncerntainties in cross-border capital flows: There are increasing uncertainties in China's cross-border capital flows in the short term amid the faltering global economy, the country's foreign exchange regulator said Friday in a report. The State Administration of Foreign Exchange (SAFE) attributed the rising uncertainties ...

Monetary Tightening Takes Toll on China's Small, Mid-sized Businesses: Some entrepreneurs have disappeared and others have jumped off buildings almost every week since April in eastern China's Zhejiang Province. At least 80 cash-strapped businesspeople in Wenzhou, China's entrepreneurial capital, have gone into hiding or declared bankruptcy to ...

China revises down current account surplus to $87.8 bln in H1: China's foreign exchange regulator on Friday revised down the country's current account surplus in the first half of 2011 to 87.8 billion U.S. dollars from the previously reported 98.4 billion U.S. dollars. The surplus under the current account, which measures China's foreign ...

ANZ plans 'significant' investment in China: The Australia and New Zealand Banking Group Ltd (ANZ), the third-largest bank by market value in Australia, will continue to make "significant" investments in China, even as the world economic recovery remains fragile, a senior bank executive said on Wednesday. The Australian ...

Crunch comes for those with underground loans: Wenzhou police announced on Sept 27 that a shoe company owner killed himself after becoming steeped in financial troubles. The police declined to name the man, who they said owned four shoe-manufacturing companies. In response to his death, rumors spread online saying that he had ...

Banks can do more to help SMEs: In the post-global financial crisis era, governments the world over are battling to get more bank financing to small and medium-sized enterprises (SMEs), which today are widely recognized as crucial drivers of growth and employment across economies. Often, especially during times ...

China's yuan weakens against U.S. dollar: The Chinese currency Renminbi, or the yuan, weakened 42 basis points against the greenback on Thursday, with the central parity rate set at 6.3665 per U.S. dollar, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the yuan is allowed ...

Yuan hits new high against US dollar: The Chinese currency Renminbi, or the yuan, strengthened 137 basis points against the greenback on Wednesday, with the central parity set at 6.3623 per U.S. dollar, according to the China Foreign Exchange Trading system. Dealers said the market sentiment is improving as the U.S. ...

Officials found funding Wenzhou's loans crisis: A debt crisis in eastern China's Wenzhou City is casting light on an illegal business run by government officials lending hundreds of millions of yuan to the owners of small businesses. Money from government officials has been found to be involved in many cases of illegal loans ...

China expands lending to small firms: Chinese banks have extended more loans to small firms to ease their financial predicaments as the government tightens monetary supply, a banking regulator said Wednesday. Outstanding loans to small firms grew 26.6 percent year-on-year to hit 9.85 trillion yuan (1.55 trillion U.S. ...

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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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industry

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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