finance

Data showed that the price of eggs increased by 3.2 percent last month, keeping food prices the main cause of inflation. [Photo / China Daily] Price of pork increases for 10 consecutive weeks, driving up inflation BEIJING - China's inflation is expected to reach a three-year high ...
The booth of Inner Mongolia Yili Industrial Group Co at an expo in Shanghai. The dairy producer added 3.8 percent to 17.29 yuan ($2.98) on Friday, its highest close since June 10.[Photo / China Daily] Shanghai - Most stocks on the Chinese mainland rose on Friday, capping a second ...
China Shenhua Energy Co climbed 2.7 percent to 30.14 yuan ($4.66) on Thursday. Oil and coal companies led gains for commodity producers on higher raw-material prices. [Photo / China Daily] Shanghai - Stocks on the Chinese mainland rose, paring the benchmark index's first ...
A branch of Commerzbank in Frankfurt, Germany. In 2010, the lender worked on six M&A transactions between Chinese and German companies. Hannelore Foerster/Bloomberg SHANGHAI - Commerzbank AG, Germany's second-biggest bank by assets, said its investment banking business in China ...
Despite having a "very aggressive" growth target in Asia and China, Hendriksen said the bank has no immediate plan to be locally incorporated or set up a joint securities venture in the country, as have many other foreign banks, including Morgan Stanley and UBS AG. "We still have ...
Foreign workers in China will soon be covered by the country's social security program, according to the Social Insurance Law, which will take effect on Friday. The new law will allow foreign employees to receive medical, work injury, retirement, unemployment and maternity ...
A garment factory in Baigou, Hebei province. China's small enterprises are facing increasing pressure from rising costs and some are closing their doors as a result. [Photo / China Daily] Rising prices have not only been hitting consumers, but also small businesses, Chen Jia ...
Chinese commercial banks offer revenue of about 7 percent on average for their short-term wealth investment products. The China Banking Regulatory Commission (CBRC), the nation's banking regulator, on Wednesday moved to solicit opinions on wealth investment management, with ...
SHANGHAI - Stocks on the Chinese mainland rose for a fifth day on Monday, the longest winning streak since February. The advance came after a cash shortage in the financial system eased and the nation's biggest brokerages said equities were poised to rally. China Eastern Airlines ...
"What we urgently need is higher interest rates. We can use more fiscal investment to offset the negative effect of a shrinking economy caused by interest rate hikes," Xiao said. However, Wang Jian, a professor with the Chinese Academy of Governance, expressed his worries that ...
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 expectations. While ...
Since last October, China has raised interest rates four times and lifted the reserve requirement ratio nine times. Chinese banks helped arrange 320 billion yuan (US$49.5 billion) of loans between companies in the first quarter that weren't recorded in the lenders' balance sheets...
Hang Seng China's housing loans fall by 3 percent in 2010. Hang Seng Bank will boost its non-interest income business to counter a slowdown in housing loans, a senior banker said over the weekend. The Hong Kong-based bank will beef up its fee-based services including wealth ...
Since last October, China has raised interest rates four times and lifted the reserve requirement ratio nine times. China's tightening monetary policies are increasing the risk of bankruptcy for credit-tight companies and raising the spectre of unemployment, a renowned economist ...
Air China Ltd, the country's biggest international carrier, climbed 6.4 percent to 9.88 yuan ($1.53) on Friday, the most in eight months after oil slumped. [Photo/For China Daily] China's stocks rally as Premier Wen says inflation is under control SHANGHAI - Stocks on the Chinese ...
A Sany Heavy Industry Co booth at an expo in Guangzhou, Guangdong province. The company's shares rose 3.3 percent to 17.67 yuan ($2.73) on Thursday, the highest since May 11. [Photo / China Daily] Coal and material makers, notably in cement, among biggest gainers SHANGHAI - ...
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 ...
BEIJING - 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 ...
Kweichow Moutai Co, China's largest maker of baijiu liquor, added 1.3 percent to 205.93 yuan ($31.83) on Wednesday on prospects that the earnings of consumer staples producers will weather a growth slowdown. [Photo / Provided to China Daily] Chinese equities rise for second day, ...
A branch of Citibank Co Ltd in Nanjing, Jiangsu province. Of the 42 foreign banks interviewed by PricewaterhouseCoopers in China, 22 expect revenue to rise between 20 and 50 percent in 2011. [Photo / China Daily] PwC report shows that overseas lenders believe revenues will grow ...
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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 ...