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Yuan advances to record high Wednesday: 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 ...

Yuan advances to record high Tuesday: BEIJING - The Chinese currency Renminbi, or the yuan, strengthened 30 basis points to hit 6.4816 per US dollar on Tuesday, 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 ...

Textile industry rues cotton price volatility: SHANGHAI - The volatile price of cotton is making times harder for China's textile industry, which has already been squeezed by higher labor costs and the appreciation of the yuan. Many textile makers, especially smaller concerns, increased their stock of the raw material last ...

Boost to loans for small firms: In a bid to encourage banks to issue more loans to small businesses, China will adopt a higher tolerance on bad loans and loose credit control, according to a new rule from the banking regulator yesterday. China allows less risk weighting of small enterprise loans by considering ...

CBRC lowers NPL requirement for small firms: The China Banking Regulatory Commission (CBRC) on Tuesday announced new measures, including a lower non-performing loan (NPL) requirement, to provide better access to financing for the nation's small firms. The measures aim to support commercial banks to make their credit growth ...

China's yuan advances to record high of 6.4816 against USD Tuesday: The Chinese currency Renminbi, or the yuan,strengthened 30 basis points to hit 6.4816 per U.S. dollar on Tuesday, 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 ...

Textile Industry Rues Cotton Price Volatility: The volatile price of cotton is making times harder for China's textile industry, which has already been squeezed by higher labor costs and the appreciation of the yuan. Many textile makers, especially smaller concerns, increased their stock of the raw material last year to hedge ...

Textile industry rues cotton price volatility: The volatile price of cotton is making times harder for China's textile industry, which has already been squeezed by higher labor costs and the appreciation of the yuan. Many textile makers, especially smaller concerns, increased their stock of the raw material last year to hedge ...

Global Growth to Remain Strong: World Bank: Global growth is projected to remain strong from 2011 through 2013, though the overall growth rate is expected to slow down slightly due to various challenges and uncertainty, according to a report released by the World Bank on Tuesday. The two-speed growth will continue to ...

China's A-share market to raise 1t yuan: BEIJING - The country's A-share market is expected to raise more than 1 trillion yuan this year despite government measures to withdraw liquidity out of the market. The A-share market, or yuan-denominated stocks market, attracted 438.4 billion yuan ($67.76 billion) in the first ...

Increase in interest rates likely: The People's Bank of China is likely to increase the interest rates banks must pay on deposits and the amount of money banks are required to hold in reserve to sop up the excess liquidity now found in the economy and slow inflation, said analysts. The changes in monetary policy ...

China's A-share market to raise 1 trln yuan this year: The country's A-share market is expected to raise more than 1 trillion yuan this year despite government measures to withdraw liquidity out of the market. The A-share market, or yuan-denominated stocks market, attracted 438.4 billion yuan (67.76 billion U.S. dollars) in the first ...

Increase in interest rates likely: BEIJING - The People's Bank of China is likely to increase the interest rates banks must pay on deposits and the amount of money banks are required to hold in reserve to sop up the excess liquidity now found in the economy and slow inflation, said analysts. The changes in ...

PBOC to float 1-year bills on June 7: The People's Bank of China, the country's central bank, said on Friday that it would sell one-year bills totaling 2 billion yuan ($308 million) starting June 7. The sale is aimed at maintaining steady growth for China's base currency and keeping interest rates stable, the central ...

China's A-share Market to Raise 1 Tln Yuan in 2011: The country's A-share market is expected to raise more than 1 trillion yuan this year despite government measures to withdraw liquidity out of the market. The A-share market, or yuan-denominated stocks market, attracted 438.4 billion yuan (67.76 billion U.S. dollars) in the first ...

Yuan at balanced level, drastic appreciation unnecessary: BEIJING -- The exchange rate of China's yuan is now at a balanced level that can reflect national economic power, and a drastic appreciation is not necessary, Wei Jianguo, secretary-general of the China Center for International Economic Exchanges, said Thursday. If the yuan's ...

Money market rate falls as PBOC adds cash: TAIPEI - China's money-market rate dropped to a three-day low as the central bank injected the most cash into the financial system in five weeks. The People's Bank of China (PBOC) added a net 81 billion yuan ($12.5 billion) of capital this week. China may increase the yuan's ...

Hard landing for economy 'avoidable': HONG KONG / BEIJING - Inflation will probably peak at the end of this month and a hard landing for the economy will be avoided, a senior economist said on Thursday, amid a manufacturing slowdown and persistent inflation concerns. Several positive factors support this forecast, ...

New insurance law to benefit foreign employees: BEIJING -- More than 230,000 foreign employees with work permits are expected to benefit from upcoming changes to China's Social Insurance Law, a senior government official said on Wednesday. Xu Yanjun, deputy director of social security center of the Ministry of Human Resources ...

JV to tap rising capital sector: Citigroup teamed up with its Chinese partner yesterday to set up a securities joint venture to tap China's rising capital market. Subject to regulatory approval, the United States bank and Orient Securities Co will set up Citi Orient Securities Co in Shanghai. The joint venture ...

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