finance

The Chinese currency Renminbi, or the yuan, strengthens 11 basis points to 6.4650 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 ...
BEIJING - It is necessary for China's central bank to raise the benchmark interest rate once or twice in the second half of this year to curb rising inflation, according to a report by the Agricultural Bank of China (ABC). In its six-month report on China's macro economy, ABC ...
The yuan's daily trading band against dollar will probably soon be widened from the current 0.5 percent to 1 percent, said a report released by Bank of China Ltd (BOC) on Thursday. Cao Yuanzheng, chief economist of the bank, said since the government allowed the currency to ...
The Chinese currency Renminbi, or the yuan,strengthens 31 basis points to 6.4685 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 ...
Daily 1 percent limit appropriate, Bank of China analyst says BEIJING - The yuan's daily trading band against dollar will probably soon be widened from the current 0.5 percent to 1 percent, said a report released by Bank of China Ltd (BOC) on Thursday. Cao Yuanzheng, chief ...
SHANGHAI - Stocks on the Chinese mainland fell for the first time in seven days on speculation that some local governments may default on their bank loans and the central bank will continue raising interest rates. China Minsheng Banking Corp led declines for lenders, sliding more ...
The yuan's daily trading band against dollar will probably soon be widened from the current 0.5 percent to 1 percent, said a report released by Bank of China Ltd (BOC) on Thursday. Cao Yuanzheng, chief economist of the bank, said since the government allowed the currency to ...
State-owned enterprises (SOEs) are becoming the major limited partnership in yuan private equity (PE) funds, the International Financial News, a newspaper affiliated to the People's Daily, reported Thursday, citing a report released by the Zero2IPO Group. The report said the SOEs ...
A senior official at Indonesian branch of the London-based Hong Kong Shanghai Banking Corporation (HSBC) said on Thursday that Chinese currency Renminbi would be one of three primary currencies, besides US dollar and Euro, used in international trade by 2015. HSBC Indonesia Head ...
SHANGHAI - Most stocks on the Chinese mainland rose, sending the benchmark index to a sixth day of gains, on speculation that Europe's debt crisis is easing and Chinese inflation is peaking, reducing the need for further increases in interest rates. Anhui Conch Cement Co advanced ...
The Chinese currency Renminbi, or the yuan,strengthens 5 basis points to 6.4718 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 ...
Monetary tightening When the country's consumer price index (CPI) surged to 5.4 percent in March - the first time that it has risen above 5 percent in almost three years - the authorities emphasized that fighting inflation is the government's top priority. In order to soak up ...
China Construction Bank's Inner Mongolia branch offered to sell the bank's 5.63 percent holdings of Baotou Iron and Steel (Baogang Group) for 715 million yuan ($110.4 million), Shanghai Securities News reported Tuesday. The announcement represents the second time the bank has ...
Foreign-funded companies refocus on the Chinese domestic market DONGGUAN, Guangdong - Foreign-funded firms that were previously export-oriented sought to explore the booming domestic market at a recent fair to combat the aftermath of the global economic downturn. They clinched 5...
CITIC and CICC say the equity will rally in the second half of the year LONDON - The lowest Chinese stock valuations since economic growth collapsed three years ago have sent a signal to the country's biggest brokerages that it's time to buy. The Shanghai Composite Index's 6.2 ...
Foreign-funded firms that were previously export-oriented sought to explore the booming domestic market at a recent fair to combat the aftermath of the global economic downturn. They clinched 5,960 agreements or letters of intent - an 11 percent increase over last year - valued ...
Foreign-funded firms that were previously export-oriented sought to explore the booming domestic market at a recent fair to combat the aftermath of the global economic downturn. They clinched 5,960 agreements or letters of intent - an 11 percent increase over last year - valued ...
BEIJING - The profit growth of Chinese industrial companies has slowed after the government tightened credit to curb inflation and prevent asset bubbles. Net income rose 27.9 percent in the first five months from a year earlier to 1.92 trillion yuan ($297 billion), the National ...
China's timing for realizing the yuan's full convertibility into other currencies is already mature enough to facilitate yuan's internationalization, and the country will be able to liberalize currency exchange rates in three years, a leading economist said on Sunday. "If the ...
The People's Bank of China, the country's central bank, suspended bill sales on June 23 for the second time this year, following the first suspension about five months ago. Analysts said the move was made to inject liquidity into the market in response to the current tight money ...
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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
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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
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CHICAGO, Jan. 24 (Xinhua) -- General Motors Co. announced Friday that ...
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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 ...
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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 ...