finance

BEIJING - Lu Zhengwei, an economist at Industrial Bank Ltd who has successfully predicted the central bank's tightening moves on 13 consecutive occasions, said on Monday that China is likely to raise interest rates again in July. The continuous increases lenders face in reserve ...
Shanghai - Stocks on the Chinese mainland fell to the lowest level in almost nine months on Monday. That's after Nomura Holdings Inc forecast the Chinese central bank will raise interest rates and Credit Suisse Group AG said the country is heading for a "sluggish landing". ...
China's national pension fund has invested 10 billion yuan (US$1.54 billion) for an 11 percent stake in the People's Insurance Co (Group) of China as the insurer seeks strategic investors ahead of its listing plan, PICC Chairman Wu Yan said Tuesterday. The Social Security Fund ...
China has tightened regulations on offshore yuan transactions to curb speculative capital flows. Overseas banks doing yuan transactions in offshore markets must ensure these are backed by trade settlements or business needs, according to a recent statement issued by the People's ...
China will grant approvals to local government financing vehicles as well as some other qualified companies to issue corporate bonds to fund construction of affordable houses. The National Development and Reform Commission, China's top planning body, has recently issued a notice ...
China UnionPay, one of the world's leading bank card associations, said it has signed a framework agreement with Huaxia Bank to cooperate in the field of cell-phone payment. The two companies will jointly work to improve their financial services and increase cooperation in ...
Lu Zhengwei, an economist at Industrial Bank Ltd who has successfully predicted the central bank's tightening moves on 13 consecutive occasions, said on Monday that China is likely to raise interest rates again in July. The continuous increases lenders face in reserve requirement...
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 ...
The Chinese currency Renminbi, or the yuan,strengthened by 20 basis points to 6.4696 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each ...
China is set to let its currency, the yuan, to gain in value against the dollar and better reflect market forces after the currency rose 5.5 percent in a whole year after Beijing restarted its liberalization on June 19, 2010. On Monday, the yuan continued its trajectory of ...
The Chinese currency Renminbi, or the yuan,strengthened by 20 basis points to 6.4696 per U.S. dollar on Monday, according to the China Foreign Exchange Trading system. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each ...
China will soon loosen restrictions on domestic securities brokerages engaging in private equity (PE) investment despite investors' concerns that they may manipulate the market by pushing up initial public offering prices to reap exorbitant profits as prefloat investors. The ...
Chinese banks face a higher risk of a deterioration in asset quality and this may lead to a "sluggish landing" for the economy, Credit Suisse Group AG said Monday. Lenders face a larger-than-expected "credit overhang," analysts led by Credit Suisse's Vincent Chan wrote in a ...
Measures to cool economy will take effect soon, comments vice-minister WEIHAI, Shandong - China's import growth will "probably" slow down in the months ahead as the government's measures to cool the economy take off, and the prospects for exports are not optimistic, said Zhong ...
The Chinese currency Renminbi, or the yuan,strengthened by 87 basis points to 6.4716 per U.S. dollar on Friday, according to the China Foreign Exchange Trading system. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each ...
The Chinese currency Renminbi, or the yuan,strengthened by 87 basis points to 6.4716 per U.S. dollar on Friday, according to the China Foreign Exchange Trading system. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate each ...
Hong Kong shares fell for the third consecutive session on Thursday to a nine-month low after the Wall Street tumbled on weak U.S. economic data and renewed concerns about the risk of Greece defaulting on its sovereign debt. Hong Kong stocks lost 390.66 points, or 1.75 percent, ...
NEW YORK / BEIJING - China, the largest foreign holder of United States Treasuries, bought more federal bonds in April for the first time since October despite concerns over the US debt level. China's purchases of US debt rose $7.6 billion to $1.15 trillion - the first month-on...
MOSCOW -- Chief Executive of the Hong Kong Monetary Authority (HKMA) Norman Chan on Wednesday said here that the use of Chinese currency Renminbi will facilitate the business between China and emerging market economies. Chan made the remarks in a luncheon seminar entitled "Use of ...
Chinese bankers were more confident of the economic outlook in China in the second quarter despite the cooling of the economy, according to a central bank's survey released Thursday. The banker confidence index hit 57 percent in the second quarter, up 1.7 percentage points from ...
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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 ...