finance

Chinese auditors found the country's five commercial banks, including the Industrial and Commercial Bank of China (ICBC), misallocated 58 billion yuan (8.9 billion U.S. dollars) of policy loans, chief auditor Liu Jiayi said Monday. Liu, head of the National Audit Office, made the ...
BEIJING - 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. ...
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 Chinese currency Renminbi, or the yuan,weakened 8 basis points to 6.4750 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 ...
BEIJING -- As China tightens monetary policies to rein in liquidity and curb inflation, experts gathering at the Second Global Think Tank Summit Sunday urged the Chinese government to adopt measures to control the long-term market supply and demand to manage inflationary ...
BEIJING -- More than half of all Chinese provincial-level regions have established a mechanism to offer subsidies to the needy as high inflation pushes up their daily living costs. The National Development and Reform Commission (NDRC), the country's top economic planner, said ...
GUANGZHOU - The official overseeing Guangdong's small and medium-sized enterprises (SME) denied on Thursday that sweeping SME bankruptcies are taking place in the province, although the businesses are confronted by a number of problems. "SMEs in Guangdong are facing increasing ...
BEIJING -- The People's Bank of China, the country's central bank, said on Thursday that it has signed a revised bilateral currency settlement agreement with the Central Bank of the Russian Federation. According to the revised agreement, individuals and corporations from both ...
The Chinese currency Renminbi, or the yuan,weakened 6 basis points to 6.4742 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 ...
A global private-equity investment unit of JPMorgan Chase & Co has agreed to invest US$200 million over the next two to three years in its tie-up with Beijing Capital Group to look for merger and acquisition opportunities. The deal, signed between JPMorgan's One Equity Partner ...
The Chinese currency Renminbi, or the yuan,weakened 6 basis points to 6.4742 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 ...
Gold's luster is continuing to attract rising domestic demand and China will continue to "outperform" other countries in private consumption of the precious metal, with sales growth remaining above 20 percent over the next two years, an industry expert said. The amount individual ...
NDRC: Inflation under control despite concern BEIJING - Inflation in June may exceed last month's 34-month high but will be under control in the second half of the year, the nation's top planning agency said, despite concern over rising pork prices and a drop in grain production ...
SHANGHAI - Stocks on the Chinese mainland rose, with the benchmark index climbing the most in a week, as property and cement companies rallied on an improving profit outlook and on speculation the market's slide has been excessive. Anhui Conch Cement Co jumped to the highest in ...
has approved two more private equity funds to join the pilot Qualified Foreign Limited Partners program. The program allows the funds to invest money from abroad in China without permission from the country's foreign exchange regulator. SB China Venture Capital and Shanghai ...
D&O is a liability insurance that covers legal costs and eventual damanges from lawsuits brought because of decisions made by company executives. The price of directors and officers liability insurance (D&O) in China has gone up more than 20 percent this year, after a series of ...
The Ministry of Finance said Wednesday that it will sell 30 billion yuan (4.64 billion U.S. dollars) worth of book-entry treasury bonds this week. The 30-year bonds have a fixed annual interest rate of 4.5 percent, the ministry said in a statement on its website. The bonds will ...
China's top economic planner said Wednesday that the country's inflation rate will accelerate in June despite the government's efforts to stem price increases. It is estimated June's overall price levels will be higher than those of May, the National Development and Reform ...
The Chinese currency Renminbi, or the yuan,strengthened by 6 basis points to 6.4690 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 ...
Interbank lending rates hit new high 2 China's 7-day repurchase rate, a gauge of interbank lending conditions, jumped over 7 percent Monday. The rise pointed to a worsening cash squeeze facing commercial banks as a hike in bank reserve ratios announced last week took effect. 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 ...