finance

According to the China Gold Association, domestic gold sales grew 21.26 percent to 571.51 tons last year from 2009. 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, ...
Sale would help it meet new reserve requirement international standards SHANGHAI - Bank of America Corp may sell some of its $21 billion stake in China Construction Bank Corp (CCB) to bolster capital before new international standards take effect, said three people briefed on the ...
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. [China Daily] Despite increasing funding constraints, foreign banks operating in China ...
A farmer surveys his rice paddy flooded by heavy rains in Leping, Jiangxi province, on Saturday. Downpours that started on June 14 have affected 2.6 million people in more than 40 cities in the province. [Photo / China Daily] Disastrous weather is likely to drive cost of ...
ING Group NV headquarters in Amsterdam, Netherlands. The company's banking business in China will focus on the corporate side, said Robert Scholten, the China manager of the company's banking division. [Photo / Provided to China Daily] Dutch company plans to provide services to ...
ING Group NV headquarters in Amsterdam, Netherlands. The company's banking business in China will focus on the corporate side, said Robert Scholten, the China manager of the company's banking division. (Photo / Provided to China Daily) The Dutch bancassurer ING Group NV plans to ...
ING Group NV headquarters in Amsterdam, Netherlands. The company's banking business in China will focus on the corporate side, said Robert Scholten, the China manager of the company's banking division. The Dutch bancassurer ING Group NV plans to pin the growth of its Chinese ...
Even if a rating downgrade is avoided, an agreement that doesn't have a "significant and credible deficit reduction plan over the long-term" will lead to a "negative outlook" on the Aaa rating (indicating the rating could go down in the next year or so), Hess added. Outspoken ...
The China Banking Regulatory Commission headquarters in Beijing. [China Daily] The China Banking Regulatory Commission (CBRC) will require banks to examine their guarantee business throughout July to prevent the risky practices of some guarantee companies from spreading to ...
According to an economist at the Bank of Communications Co Ltd, further reserve ratio increases will slow significantly in the second half of this year. (Photo/Bloomberg) Although China's consumer inflation hit a 34-month high in May, analysts predict that the frequency of ...
According to an economist at the Bank of Communications Co Ltd, further reserve ratio increases will slow significantly in the second half of this year. [Photo/Bloomberg] PBOC treading fine line between economic growth and inflation BEIJING - Although China's consumer inflation ...
Customers are silhouetted against illuminated food prices at a supermarket in Shanghai. [Photo/Xinhua] Reserve ratio hiked following 5.5% rise in CPI; concerns over slowdown BEIJING - Inflation hit a 34-month high in May, forcing the government to continue its tightening of ...
A residential housing project in Beijing. [Photo/Bloomberg] BEIJING - Foreign investors recorded the biggest increase among the various financing channels for Chinese property developers in the first five months of this year as they bet on better investment opportunities amid the ...
A consumer is seen in a supermarket in Liaocheng, east China's Shandong Province, June 14, 2011. China's consumer price index (CPI), the main gauge of inflation, rose 5.5 percent year-on-year in May, the National Bureau of Statistics said on Tuesday. (Xinhua/Zhang Xianju) Lu ...
They also said the central bank should deal with the monetary tightening in a more flexible way to prevent a drastic economic cool-down. Zhang Xiaojing, a researcher with the Chinese Academy of Social Sciences, estimated CPI growth would decelerate in the latter half of this year...
China's central bank Tuesday said it would raise the banks' reserve requirement ratio (RRR) by 50 basis points for sixth time this year, a move aimed to withdraw liquidity out of the market as inflation remains stubbornly high. The latest rise, effective on June 20, means banks ...
Hong Kong shares closed flat on Tuesday, as bargain hunting in the morning session was offset by an unexpected move by China's central bank to raise the amount banks must keep in reserve. The Hang Seng China Enterprises Index rose 55.43 points, or 0.45 percent, to close at 12,488...
Photo taken on June 13, 2011 shows a bank staff member piles up RMB in Yancheng County of Linyi City, east China's Shandong Province. The People's Bank of China said on Monday that new bank lending, an important indicator of the monetary policy, tumbled to 551.6 billion yuan (84...
Tourists shopping for handicraft products in Wuyi, Zhejiang province. China's booming private economy features entrepreneurial spirit as well as regional divergence. [China Daily] In contrast with boomtowns such as restless Wenzhou and flashy Yiwu in prosperous Zhejiang province, ...
Tourists shopping for handicraft products in Wuyi, Zhejiang province. China's booming private economy features entrepreneurial spirit as well as regional divergence. [Photo / China Daily] SHANGHAI - In contrast with boomtowns such as restless Wenzhou and flashy Yiwu in prosperous ...
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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 ...