finance

China's fast growing private equity (PE) market has attracted global partners to use the Chinese currency in investments. This has heated up the competition between yuan-denominated and dollar funds in the world's second-largest economy. The nation's strict foreign exchange ...
China's tourism income rose 18 percent year-on-year to top 1 trillion yuan (153.85 billion U.S. dollars) during the first half of this year, the National Tourism Administration (NTA) said on Wednesday. Domestic tourists made 1.33 billion trips, an increase of 13 percent from one ...
China's new bank lending rebounded to 633.9 billion yuan (97.52 billion U.S. dollars) in June from May's 551.6 billion yuan, the People's Bank of China said on Tuesday. The June figure was also 20.7 billion yuan more than that of last June, the central bank said. By the end of ...
China's foreign exchange reserves rose 30.3 percent year-on-year to hit 3.1975 trillion U.S. dollars by the end of June, the People's Bank of China (PBOC) said Tuesday. The foreign exchange reserves increased $138 billion in the first three months this year, excluding effects of ...
China's foreign exchange reserves rose by a faster-than-expected 30.3 percent year-on-year by the end of June to reach $3.2 trillion, a possible indicator of an increasing inflow of "hot money", analysts said. The reserves are likely to continue to grow in the second half of this ...
China's current account surplus, the broadest measure of its trade surplus, fell 21 percent to 28.8 billion U.S. dollars in the first quarter, the foreign exchange regulator said on Monday. The surplus under the financial account, which measures the net capital inflow, increased ...
The State Administration of Foreign Exchange (SAFE) on Monday reiterated its tough stance on curbing hot money inflows, which threatens the nation's financial stability and triggers inflation. In a statement on its website, the manager of China's $3 trillion foreign exchange ...
China's State Development and Investment Corporation (SDIC) will fully institute the strategy of "going global" to invest and trade more abroad. That's the word from SDIC Vice President Shi Hongxiang. Shi told Xinhua during a recent interview in Moscow that the SDIC has fixed ...
The State Administration of Foreign Exchange (SAFE) on Monday reiterated its tough stance on curbing hot money inflows, which threatens the nation's financial stability and triggers inflation. In a statement on its website, the manager of China's $3 trillion foreign exchange ...
China should stick to its prudent monetary policy in the coming few years while instituting proactive fiscal measures to substantially promote economic structure reform, the China Securities Journal on Monday quoted a central bank official as saying. As the country maintains its ...
The AWEX Regional Indicators finished 2.9% lower, on average at the first sales of the new season in Sydney and Melbourne this week. The US exchange rate fell by 0.1%. Note, AWEX announced a rebasing of the calculations for the Eastern and Regional Market Indicators for the new ...
PRUDENT POLICY The central bank has limited the volume of credit commercial lenders by raising their reserve requirements and imposing quotas. Banks are required to lend less for keeping policy tight. To play it safe, banks prefer lending money to big state-owned enterprises. ...
Hong Kong's Securities & Futures Commission and the Monetary Authority announced on Friday that an agreement has been reached with Citibank (Hong Kong) Limited on market-linked and equity-linked notes issued by Lehman Brothers between March 2007 and June 2008. Citibank HK agreed ...
The long-term goal of China's monetary policy is to control inflation, maintain economic growth and a high employment rate and maintain a balance in the country's international payments, central bank governor Zhou Xiaochuan said Friday. Zhou made the remarks at the 16th World ...
The Chinese currency Renminbi, or the yuan, gained 27 basis points to 6.4705 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 rate ...
The long-term goal of China's monetary policy is to control inflation, maintain economic growth and a high employment rate, and keep a balance in international payments, Zhou Xiaochuan, China's central bank governor, said Friday in Beijing. Zhou made the remarks at a seminar on ...
The increase in interest rates will help banks expand net interest margins, Barclays Capital said yesterday. The People's Bank of China increased the rates by 25 basis points on saving and lending rates from yesterday while demand deposits remained unchanged at 0.5 percent. The ...
China's economic hub Shanghai ranks as the sixth most competitive financial center worldwide, up from the eighth last year, according to the Xinhua-Dow Jones International Financial Centers Development Index (IFCD Index) issued Friday. A total of 45 international financial ...
More than US$8.1 billion in private equity was raised in the first half of this year in China, the most on record, according to Zero2ipo Group. The figure represents a 19 percent rise from a year ago and it's now likely private equity will easily surpass last year's US$11.17 ...
The latest interest rate hike that China's central bank announced on Wednesday should come as no surprise as the country's consumer inflation is widely expected to have accelerated significantly in June. Though tentative signs of a slowdown have recently given rise to fears that ...
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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 ...