finance

China's foreign exchange watchdog said Monday that the surplus of Chinese banks' foreign exchange from bank-to-client transactions reached $273.7 billion in the first half of 2011. During the period, institutional and individual clients sold $788.2 billion in foreign exchange to ...
China Everbright Bank Co is seeking more institutional buyers for its Hong Kong share sale after getting commitments for about one third of the offering from key investors, Bloomberg reported Friday citing two people with knowledge of the deal. Prudential Plc and United Overseas ...
China's top banking regulator announced Sunday that it has given the nod to the establishment of a regional bank in the Tibet autonomous region, with initial capital adding up to $1.5 billion yuan. The bank will be registered in Lhasa, the region's capital, and funded by 15 ...
China's foreign exchange watchdog said Monday that the surplus of Chinese banks' foreign exchange from bank-to-client transactions reached 273.7 billion U.S. dollars in the first half of 2011. During the period, institutional and individual clients sold 788.2 billion U.S. dollars ...
China's wealthy have forked out 7.7 percent more for luxury consumer products so far this year than a year earlier due to growing demand, import duties and fluctuating exchange rates, Hurun Report said on Monday. The costs of renting private aircraft and prices of yachts rose the ...
The U.S. dollar fell against major currencies this week, weighed by concerns over the U.S. government' s debt ceiling, and a new bailout deal to solve European debt problems helped lift the euro. As the deadline of raising the U.S. government' s debt ceiling is approaching, ...
China's current inflation cycle is approaching a "turning point," an official with the country's top economic planner said Friday. Zhou Wangjun, vice director of the pricing department of the National Development and Reform Commission, said he was optimistic about the situation ...
Industrial and Commercial Bank of China expects a net profit of more than 200 billion yuan (US$31 billion) this year, a 21 percent growth from its 2010 net earnings. "I am confident about the outlook for Chinese banks, with China's solid economic growth and banks' diversified ...
The Ministry of Industry and Information Technology acknowledged Thursday that small- and medium-sized enterprises (SMEs) face serious financing difficulties after the government tightened liquidity, but rejected claims of a wave of SME bankruptcies. "Based on our studies, the ...
The Chinese currency Renminbi, or the yuan, gained 41 basis points to 6.4495 per U.S. dollar on Friday, the highest since China started the exchange rate reform six years ago, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the ...
The Chinese currency Renminbi, or the yuan, gained 41 basis points to 6.4495 per U.S. dollar on Friday, the highest since China started the exchange rate reform six years ago, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the ...
The Chinese currency Renminbi, or the yuan, gained 56 basis points to 6.4536 per U.S. dollar on Thursday, the highest since China started the exchange rate reform six years ago, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the ...
Liu Mingkang, the chairman of the China Banking Regulatory Commission (CBRC), urged all financial institutions of the banking industry to strengthen risk management and prevent and control platform lending risks, the People's Daily reported on Thursday. Liu said banks should ...
China's consumer prices will likely fall in the second half of the year, trimming growth of the consumer price index (CPI) to 4 percent by the year's end, the Bank of Communications said in a report Thursday. The bank forecast the rise of CPI, the main gauge of inflation, would ...
The Chinese currency Renminbi, or the yuan, gained 56 basis points to 6.4536 per U.S. dollar on Thursday, the highest since China started the exchange rate reform six years ago, according to the China Foreign Exchange Trading system. In China's foreign exchange spot market, the ...
Mutual fund managers increased their exposure to securities in the second quarter of this year despite severe market volatility, according to earnings reports. Average stock exposure among 128 equity funds edged up 0.93 percentage point to 87.2 percent from April to June compared ...
China's foreign exchange regulator reiterated Wednesday that an appreciation of China's currency renminbi, or yuan, will not directly result in a loss of the country's foreign exchange reserves. Value changes in foreign exchange reserve assets only happen when they are converted ...
The Chinese currency Renminbi, or the yuan, gained 92 basis points to 6.4592 per U.S. dollar on Wednesday, 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 ...
The Chinese currency Renminbi, or the yuan, lost 4 basis points to 6.4684 per 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 parity rate ...
Restrictions on home purchases are spreading to more second- and third-tier cities, increasing the chance capital will flow back to first-tier cities' commercial properties, analysts said on Tuesday. The central government said it will expand limitations on property purchases to ...
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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 ...