finance

China has "little choice" but to continue buying US Treasury bonds in the short term despite the potential risk of Washington defaulting on its obligations to foreign bondholders, analysts said on Tuesday. China, the largest foreign holder of US Treasuries, increased its holdings ...
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 ...
The Ministry of Commerce is establishing a policy consultancy committee to improve the process of drafting and implementing laws and regulations, amid an increasingly complex domestic and global economic and trade environment. The policy consultancy committee, the ministry's ...
The Chinese currency Renminbi, or the yuan, lost 15 basis points to 6.4680 per U.S. dollar on Monday, 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 ...
Chinese insurance companies' premium income topped 805.66 billion yuan (123.95 billion U.S. dollars) in the first half of the year, up 13 percent year on year, the China Insurance Regulatory Commission (CIRC) said. In the first six months, premium income from the property ...
China's pork prices rose 0.2 percent for the week ending July 17 from the previous week, but the price growth fell by 2.1 percentage points, the Ministry of Commerce (MOC) announced Monday. High pork prices have become a big concern for the nation as the consumer price index, the ...
China's pork prices rose 0.2 percent for the week ending July 17 from the previous week, but the price growth fell by 2.1 percentage points, the Ministry of Commerce (MOC) announced Monday. High pork prices have become a big concern for the nation as the consumer price index, the ...
China's economy is heading for a soft landing, said Chinese economist Fan Gang. Fan said inflation would ease in the second half of the year as the effect of interest rate rises usually can be seen in about six to nine months, the China Business Journal, a newspaper run by the ...
Chinese insurance companies' premium income topped 805.66 billion yuan (123.95 billion U.S. dollars) in the first half of the year, up 13 percent year on year, the China Insurance Regulatory Commission (CIRC) said. In the first six months, premium income from the property ...
Bank of China (BOC), one of the big four state-owned commercial banks in China, has jointly launched its first UnionPay debit cards with the China UnionPay (CUP) in Thailand. The debit cards, integrating both the yuan and Thai baht accounts, can be used in more than 100 countries ...
The Chinese currency Renminbi, or the yuan, weakens 25 basis points to 6.4665 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 ...
The yuan rose to a 17-year high yesterday on a weak US dollar as the Federal Reserve said it may provide more stimulus, which could lead to more funds seeping into emerging markets like China. The local currency touched a intraday high of 6.4563 against the US dollar yesterday in ...
Commercial banks are halting individual property loans in the face of tightening monetary policy and limited lending quota, the China Securities Journal reported Thursday. "We will not accept property loan applications at present, even if it is from a first-time home buyer," a ...
Citic Securities, China's largest publicly traded brokerage, hopes to secure in August approval from the Stock Exchange of Hong Kong for its roughly $2 billion IPO there, International Finance Review (IFR), a Thomson Reuters publication, reported. Citic Securities submitted its ...
The Chinese currency Renminbi, or the yuan, strengthens 88 basis points to 6.4640 per U.S. dollar on Thursday, 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 ...
As some developing countries become the major drivers of global economic growth and are less dependant on the US dollar on their financial exchanges, the US dollar will become merely one of the three reserve currencies, along with the euro and the renminbi, said Paul Kennedy, a ...
Temasek Holdings Pte said on Wednesday that it will not sell its shares in Agricultural Bank of China Ltd (ABC). The comments came after the Singapore government investment company sold stakes in Bank of China Ltd (BOC) and China Construction Bank Corp (CCB) last week. "We are ...
U.S.-based Citibank established a new sub-branch in Chengdu, the capital city of southwest China's Sichuan Province, on Wednesday. Andrew Au, chairman and CEO of Citibank (China) Co. Ltd., said that Citibank will continue to invest in China and that Chengdu will play an important ...
The economy grew 9.5 percent in the second quarter, beating expectations and easing concerns over a hard landing amid tight monetary policies targeting high inflation. The growth rate was higher than the 9.3 percent predicted by many economists. Other indicators also point to a ...
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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 ...