finance

China's foreign exchange watchdog said Wednesday that Chinese banks' foreign exchange surplus from bank-to-client transactions reached 37.8 billion U.S. dollars in August. In August, institutional and individual clients sold 144.4 billion U.S. dollars in foreign currencies to ...
Exports of China's automobiles and automotive accessories have flourished since 2010 as the global economy started to recover in late 2009, a Chinese trade official said during a car export conference on Sept 27. Automobile exports reached 465,000 units in the first seven months ...
The Chinese currency Renminbi, or the yuan, weakened 25 basis points against the greenback on Tuesday, with the central parity set at 6.376 per U.S. dollar, according to the China Foreign Exchange Trading system. The yuan rose to a record high of 6.3735 per U.S. dollar on Monday, ...
The gold price in Hong Kong went down 700 HK dollars to open at 15,450 HK dollars per tael on Monday, according to the Chinese Gold and Silver Exchange Society. The price is equivalent to 1,662.48 U.S. dollars a troy ounce, down 75.33 U.S. dollars at the latest exchange rate of ...
Sinohydro Group, China's biggest dam builder, has cut the size of its proposed Shanghai share sale, raising less money than it originally planned, amid a weak sentiment in stocks. The company now plans to sell 3 billion A shares and set a price range of 4.5-4.8 yuan each, ...
Sinohydro Group, China's largest builder of dams, aims to raise as much as 14.4 billion yuan ($2.3 billion) in Chinese mainland, lowering its initial fundraising target amid weak market sentiment. It will be the largest mainland IPO so far this year, which has been dominated by ...
A table measuring the harshness of a country's tax regime in 2009, which ranked the Chinese mainland high at second place, has again aroused much debate, with experts urging faster reform of the system. According to the 2009 Tax Misery and Reform Index released by Forbes Magazine...
The AWEX Regional Indicators finished 3.3% lower, on average, at sales in Sydney, Melbourne and Fremantle this week when the US exchange rate fell by 1.8%. The wool selling week closed on Thursday with further serious global economic concerns; and the predictable impact on ...
The Chinese currency Renminbi, or the yuan, weakened 32 basis points to 6.3840 per U.S. dollar on Friday, 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 parity ...
Chinese companies are holding IPOs in Germany at a record pace and Europe's debt crisis is unlikely to derail that trend, according to Deutsche Boerse AG, Europe's largest securities exchange. "This year is already the best and we always hope to do better," Barbara Georg, head of ...
Bank of China, one of the largest commercial lenders in China, officially set up its first forfaiting unit and commodities finance unit outside China here on Thursday. The bid to boost the bank's trade finance services in the Asia Pacific makes it the first Chinese bank to set up ...
The People's Bank of China (PBOC), the country's central bank, injected more cash into the banking system through its open market operations on Thursday, but liquidity remains tight among Chinese banks. Completing its open market operations this week, the PBOC auctioned only 1 ...
The Chinese currency Renminbi, or the yuan, strengthened 108 basis points to 6.3772 per U.S. dollar on Wednesday, a fresh high since the reform of the yuan's exchange rate formation mechanism, according to the China Foreign Exchange Trading system. Global financial markets ...
With the internationalization of the RMB progressing on schedule, it is predicted that at least 40 percent of the trade volume of 2015, or about 100 million U.S. dollars, between China and Africa, which is equal to the total trade volume of 2010 between China and Africa, will be ...
The after-tax prices of China's imported aviation kerosene reached 7,770 yuan (1,217 US dollars) per metric ton in August, or 110 yuan more per metric ton than in July, a month-on-month rise of 1.4 percent, according to data released Tuesday by Xinhua08. Xinhua08, which is run by ...
Consumer lending was a new thing in China 10 or so years ago. Today, however, consumer-lending products, from credit cards to mortgages, and from automobile to education loans, are becoming increasingly prevalent and fashionable among most Chinese citizens, particularly the young ...
The China Construction Bank (CCB), one of the country's four leading commercial banks, opened its private banking service on Monday in Lhasa, the first in Tibet Autonomous Region, said authorities with the bank. It is the bank's 38th private banking center in China, filling a gap ...
The AWEX Regional Indicators finished 1.5% lower, on average, at sales in Newcastle, Melbourne and Fremantle this week when the US exchange rate fell by 3.6%. This was the first Newcastle sale of the season. 45,020 bales were on offer, compared with 35,181 bales last week. 9.4% ...
China's outstanding foreign debt amounted to 642.5 billion U.S. dollars as of the end of June, the country's State Administration of Foreign Exchanges said Friday. The amount rose from the 585.97 billion U.S. dollars recorded at the end of March and does not include the ...
China's private Fosun Group and Prudential Financial Inc (PFI) have won government approval to launch a new life insurance joint venture company. It will be China's only life insurance joint venture between a private enterprise and a foreign insurer. Fosun said the 50-50 joint ...
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China's reform leading group holds first meeting
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
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
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
China cuts retail oil prices
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
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
GM China chairman to retire
CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
Super car club in commercial drive
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
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 leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Stars 'Big Three' fall short of title in 1st year
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 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...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...