finance

Chinese shares closed lower on Thursday as investors worried that the government may step up tightening measures to contain high inflation. The benchmark Shanghai Composite Index was down 1.61 percent, or 41.79 points, to close at 2,559.47. The Shenzhen Component Index fell 1.59 ...
China's top banking regulator has said that local government debt risks are "under control" and efforts to ease them are "going smoothly". Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), was quoted as saying in an interview published in the Wednesday ...
Ping An Insurance (Group) Co of China said Wednesday its first-half net profits rose 32.7 percent year-on-year, boosted by fast growth in industrial insurance premiums and higher income from its banking businesses. Net profits hit 12.76 billion yuan ($1.99 billion) for the first ...
U.S. regulators may meet their Chinese counterparts in Washington this October to work on protocols for joint inspections of Chinese audit firms, the head of the main U.S. audit watchdog group said on Wednesday. The meeting would be the second round of high-level talks between U...
China's new tax relief program, which comes into effect on September 1, will mean that people can keep more of the money they earn in their pockets before taxes kick in. All people, that is, except expatriate workers. Under the tax reform plan, the standard tax threshold for ...
VISITING Chinese Vice Premier Li Keqiang pressed a symbolic button at a ceremony in Hong Kong today to start the issuance of 20 billion yuan (US$3.1 billion) of renminbi-denominated treasury bonds in Hong Kong, which was issued by China's Ministry of Finance. Of the 20 billion ...
China Minsheng Banking Corp. said Tuesday its first-half profits surged 56.98 percent to a record amount due to rising incomes from loans and fees. Net profits rose to 13.92 billion yuan (2.2 billion U.S. dollars) from 8.87 billion yuan a year earlier. Earnings per share stood at ...
China's Ministry of Finance is expects to sell 20 million yuan (US$3.1 billion) of bonds in Hong Kong Wednesday, the third and so far the largest issue of yuan-denominated bonds in the special administrative region. Vice Premier Li Keqiang, who's on a three-day visit to Hong Kong ...
China purchased another $5.7 billion of US Treasuries in June, an investment described by one expert as "the best of a bad bunch", amid growing calls for the country to diversify its foreign reserves. June was the third consecutive month that China increased its holdings in US ...
China's current account surplus widened sharply to 69.6 billion U.S. dollars in the second quarter of the year, the State Administration of Foreign Exchange (SAFE) said on Tuesday. This means the surplus under the country's current account, a measure of its foreign trade, more ...
People are saving more despite inflation higher than interest rates, say economy observers. Wu Youquan, a sales representative at a privately owned company in Beijing, said that the soaring prices of commodities has deterred him from buying things, yet the more he saves the more ...
China's banking regulator said Monday it has begun to seek public opinion on the drafted tougher capital rules for the nation's banks. The new rules will keep minimum capital adequacy ratio (CAR) for banks of systematic importance at 11.5 percent, while raising the ratio for ...
Chinese regulators have been rejigging local government debts to ease risks to banks, the China Securities Journal reported on Monday, citing a source who said over 40 percent of the troublesome local government debt falls due this year and next. The "authoritative source" told ...
China's new lending dropped to 492.6 billion yuan (76.97 billion U.S. dollars) in July, the least amount of this year, signaling that the world's second-biggest economy is cooling amid the faltering global recovery. The country's July new yuan-denominated lending was 141.3 ...
Citibank plans to open 15 to 20 new outlets this year on China's mainland as the American bank seeks to put the financial crisis behind it to speed up its expansion to ride on China's growth. The New York-based bank will keep its investment in network and products in China ...
Australian banks are set to ride the urbanization boom of China's inland cities to offset the overall low-key presence in the world's fastest-growing economy. During a trade delegation trip to four inland cities, Australia's four major banks - Australia and New Zealand Banking ...
China's property developers saw their inventories surge in the first half of this year as government measures to cool the market have started to bite, latest statistics show. Total inventories of 20 listed real estate developers that had released their semi-annual reports as of ...
The Brazilian economy may face a potential crisis as its fragile foundation could barely withstand the impact of a new global financial turmoil, a local economist warned. Reinaldo Goncalves, economics professor at Rio de Janeiro Federal University, said Brazil could be hit hard ...
The yuan has now risen a new high against US dollar, as China's central Bank tries to stave off torrents of hot money inflows that are creating inflationary bubbles in the world's second largest economy. The currency has touched 6.4120 to the US dollar. Analysts say that the ...
Xi Shijia, 28, an IT clerk at a State-owned company in Beijing, said he will not stop buying individual wealth management (IWM) products from commercial banks in the second half to safeguard against asset losses. The master's graduate from Tsinghua University has been purchasing ...
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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 ...