finance

Established in 2007, CIC is one of the world's largest SWFs and is responsible for managing part of China's $3 trillion foreign exchange reserves. China Investment Corp (CIC) added $35.7 billion in new investment in 2010, which reduced the cash balance in the sovereign wealth ...
The Agricultural Development Bank of China (ADBC) plans to lend 30 to 40 billion yuan every year for water facilities construction during the five years to 2015. The Agricultural Development Bank of China (ADBC) said Tuesday that it lent 15.5 billion yuan ($2.41 billion) for ...
The inventory in China's property market will surge in the second half of the year, thus prompting property developers to cut prices further as tightening measures continue, industry experts said on July 5, 2011. Faced with a slowdown in the nation's real estate sector, some cash...
During a televised address at the White House in Washington, D.C., U.S., U.S. President Barack Obama warns that the nation's burgeoning debt threatens to do "serious" damage to the economy and that Congress must compromise to address future deficitson, Monday, July 25, 2011. ...
A Louis Vuitton shop in Nanjing. Prices for luxury products rose faster than overall inflation, the Hurun Report said. Provided to China Daily China's wealthiest people have been under a bit of pressure from inflation, with the costs of luxury products and services up 7.73 ...
China's economy is expected to head toward a gradual slowdown in the second half of this year, as the central government has stated that it will retain its current mix of tightened economic policies. Top officials from the Political Bureau of the CPC Central Committee agreed at a ...
Photo taken on July 22, 2011 shows the designs of new 2010 series HK dollars in Hong Kong, south China, July 22, 2011. [Xinhua/Song Zhenping] The Hong Kong Monetary Authority (HKMA) and the three note-issuing banks, which are Standard Chartered Bank (Hong Kong), Hong Kong and ...
China's 12th Five-Year Plan (2011-2015) presents huge opportunities for Chinese and foreign investors, and UK-based RIT Capital Partners PLC plans to explore them, said Jacob Rothschild, RIT chairman. Rothschild said he is getting his first fund ready to help Chinese companies ...
While regulations are being finessed for the launch of the Shanghai international board, which would allow foreign companies to list on the Chinese mainland for the first time, attention is also being focused on one crucial element: a chronic lack of skilled financial professiona...
A Louis Vuitton advertising logo in Shanghai. Surges in the prices of luxury goods have failed to dampen demand for such high-end brands in China. [Photo: China Daily] SHANGHAI - As if tuned to the tempo of the conductor's baton, the orchestra of the world's top fashion houses is ...
A Louis Vuitton advertising logo in Shanghai. Surges in the prices of luxury goods have failed to dampen demand for such high-end brands in China. Qiu Daocen / for China Daily As if tuned to the tempo of the conductor's baton, the orchestra of the world's top fashion houses is ...
As if tuned to the tempo of the conductor's baton, the orchestra of the world's top fashion houses is playing a crescendo of price increases with surprising gusto. The well-orchestrated move has shocked observers from New York to Shanghai, coming, as it does, at a time when ...
In December, 2008, the State Council, or the cabinet, said that the government will launch REITs in a document which was designed to boost the domestic property market. Catering to a craving for overseas property assets by mainland investors, at least two companies have applied ...
by Xinhua writer Ni Yuanjin China's consumer price index (CPI), the main gauge of inflation, rose by 6.4 percent in June over the previous year, setting the highest level since June 2008, the National Bureau of Statistics (NBS) said Saturday. Food prices, which account for nearly ...
In January 2010, the China Securities Regulatory Commission barred China Asset Management Co from launching new products.[China Daily] Any success Citic Securities Co has in disposing of its 51 percent stake in fund management company China Asset Management Co (ChinaAMC) will ...
Third increase this year reflects resolve to fight inflation scourge BEIJING - The central bank announced on Wednesday that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday. The rate paid on one-year deposits ...
The central bank announced on Wednesday that it will increase interest rates, for the third time this year, by 25 basis points. The new rates take effect on Thursday. The rate paid on one-year deposits will rise to 3.5 percent and the rate for one-year loans will rise by the same ...
Two senior employees of ICBC (Asia) stood on trial Monday for charges of accepting bribery in ralation to a loan application in the Hong Kong District Court, said a report of a Hong Kong-based newspaper. The two people who got involved in the case were Derick Chan Po-fui, head of ...
Shanghai - Stocks on the Chinese mainland rose on Monday, erasing the benchmark index's 2011 loss. The advance came on speculation that the government will offer help to smaller businesses and refrain from boosting interest rates amid signs of slumping economic growth. SAIC Motor ...
Data showed that the price of eggs increased by 3.2 percent last month, keeping food prices the main cause of inflation. (Photo / China Daily) China's inflation is expected to reach a three-year high in June - possibly exceeding 6 percent for the first time since August, 2008 - ...
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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 ...