finance

China's lending fell in May and money supply grew at its slowest pace since November 2008 with fresh economic data indicating that tightening was cooling economic growth. Banks extended 551.6 billion yuan (US$84.9 billion) in new yuan-backed loans in May, 100.5 billion yuan less ...
Leong Wai Leng, a woman with two decades of experience in the corporate world, is leading Singapore-based Overseas Chinese Banking Corp's China arm as it seeks to become a major foreign lender on the Chinese mainland. Her job is to expand the Asian bank's business in China and ...
China's rural financial institutions have mushroomed, with 400 village banks in operation as of the end of the first quarter of this year, the nation's banking regulator said Saturday. As of the end of the first quarter, 448 rural financial institutions were in business, and 104 ...
China Everbright Bank Co. is expected to list at the Hong Kong Stock Exchange as early as mid-July after it has got green light from the securities regulator. The Beijing-based bank said in a statement on Saturday that it has received regulatory approval for its plan to issue 12 ...
BEIJING -- New government measures that will create more financing opportunities for China's small businesses will provide aid in the short-term, but will not be a complete cure for the problems these companies face, according to some of the country's financial experts. China's ...
BEIJING -- China's imports grew faster than expected in May, indicating the world's second largest economy's appetite for commodities remains strong. Imports jumped 28.4 percent year on year to $144.11 billion in May, up from April's 21.8 percent increase, the General Administrat...
BEIJING - The yuan needs to be more freely convertible and widely used in global trade in order to be included in the special drawing rights (SDR) basket of the International Monetary Fund (IMF), John Lipsky, acting managing director of the IMF, said on Thursday. "It is agreed ...
Morgan Stanley on Friday launched a joint securities venture with China Fortune Securities in Shanghai, the two companies announced in a statement. This new joint venture comes as foreign investment banks rush to gain a foothold in China's thriving capital market. The U.S. ...
Chinese shares closed sharply down Thursday after three days of rises, over concerns that the central bank will further tighten money supply. The Shanghai Composite Index closed down 1.71 percent, or 46.94 points, at 2,703.35. The Shenzhen Component Index dropped 2.11 percent, or ...
Concerns about the inflow of so-called hot money are being raised about Shanghai's pilot scheme allowing qualified foreign institutions to make private equity (PE) investment in China. The move, which marked an important step in the liberalization of China's capital markets, ...
China should guard against risks from "excessive" holdings of US assets because Washington could pursue a policy to weaken the dollar, a senior currency regulator said in comments published on a website that briefly pushed the dollar lower. However, the comments by Guan Tao of ...
China's 857 billion yuan (US$132.25 billion) national pension fund is seeking more overseas institutions to manage its offshore investments, it said in a statement on its website on Thursday. The fund seeks candidate firms that have at least six years of experience in managing ...
The consultancy firm Ernst & Young said on Wednesday that net profits of China's 17 listed banks rose 33 percent year-on-year to 687.3 billion yuan ($104.35 billion) last year. Total assets of the listed lenders jumped 18.2 percent from one year earlier to 64.1 trillion yuan at ...
China's commercial banks are likely to face revenue declines in the second half of this year, assuming that the central bank further tightens monetary policies to tame soaring inflation. The People's Bank of China (PBOC), the central bank, may continue to curb excessive liquidity ...
The Chinese currency Renminbi, or the yuan,strengthened 21 basis points to hit 6.4795 per US dollar on Wednesday, 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 ...
Economy to expand by 9.3% this year; room for tightening policies BEIJING - The economy will maintain its high growth levels and the government still has plenty of room to further tighten monetary policy, World Bank economists said on Wednesday. The economy is predicted to grow ...
BEIJING - China's consumer inflation will increase in May, driven by higher food prices and a lower comparison basis, adding the possibility of an imminent interest rate hike, analysts have said. The Consumer Price Index (CPI), a main gauge of inflation, will climb to 5.5 percent ...
Ordos is the center of unregulated lending, as Li Xiang reports. Gao Shan, the owner of a private coal mine and a property company, had no idea what private equity (PE) was until a local fund manager approached him earlier this year with an investment proposal promising a 10-fold ...
The Chinese currency Renminbi, or the yuan, strengthened 21 basis points to hit 6.4795 per U.S. dollar on Wednesday, 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 ...
China's central bank may widen the daily trading band of the yuan against the US dollar over the next few weeks as it pursues market liberalization and continue to battle inflation, according to a bank's research note yesterday. The yuan-dollar daily trading band is expected to ...
Page 47 of 158 |< << 43 44 45 46 47 48 49 50 51 >> >|
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 ...