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Property speculators yet to feel the heat

It looks it will take a while before government policies to cool down the real estate market have their desired effect on property speculators. According to the Chinese newspaper Economic Observer, the high-end property market in Beijing, which has some of the priciest real ...

Agricultural Bank set for date with bourses

Agricultural Bank of China (ABC) has started to speed up its listing process by seeking approval from the bourses for its initial public offering (IPO), sources close to the matter said on Tuesday. Agricultural Bank, the country's only big lender yet to be listed, wants its IPO ...

Chinese entrepreneurs think longer term on investing overseas

Chinese investors are unlikely to spend large amounts overseas in the short term despite improved global investment environment. The conclusion has been reached by China Council for the Promotion of International Trade (CCPIT) in a report that was scheduled to be published ...

PetroChina to invest 30% in Indonesia in 2010

Chinese oil and gas firm PetroChina is increasing investment in oil and gas exploration and development in Indonesia through its local subsidiary by 30 percent this year to boost oil lifting and counteract declining production, the Jakarta Post quoted an official as saying on ...

China's reserve ratio hike tumbles S. Korean stock market

South Korean shares closed down Monday as unfavorable reports from foreign markets shrank investor sentiment in the local markets, local analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) dipped 20.35 points, or 1.17 percent, to end at 1,721.21, according to ...

China-ASEAN Senior Officials Consultation held in Vietnam

The 16th Senior Officials Consultation between China and Association of Southeast Asian Nations (ASEAN) was concluded in Vietnam's central city of Hue, according to a press release of Chinese Foreign Ministry here on Wednesday. The meeting, running from Monday to Tuesday, drew ...

China unveils regulations to boost foreign investment in central regions

Chinese Ministry of Commerce released regulations concerning foreign investment in China's central region here Thursday. The region - which includes the provinces of Shanxi, Anhui, Jiangxi, Henan, Hubei and Hunan - should attract high-end green industry with policy incentives and ...

Chinese shares expand losses at Wednesday's opening

Chinese equities continued to decline at the opening Wednesday after Tuesday's fall to a six-month low. The benchmark Shanghai Composite Index lost 0.85 percent, to open at 2,883.17 points. The Shenzhen Component Index fell 0.92 percent to 11,250.53 points.

Asian Investment in Henan Broke through USD1b in the First Quarter

In the first quarter, Henan newly approved 46 Asian investment projects, accounting for 73% of the total newly-approved foreign investment projects; with the contracted utilized foreign capital of USD445.56m, accounting for 66% of the total, and the actually utilized foreign ...

China stock index futures fall at opening

China's stock index futures open lower Tuesday with two of the four contracts down at the opening from the previous trading day. The contract for May, which is most actively traded, fell 18.4 points to open at 3,201.2. The June contract dropped 17.2 points to open at 3,237.8. The ...

China's voting power in WB rises to 3rd place

World Bank member countries reached an agreement on Sunday to shift more power to emerging and developing nations, under which China's votes increased to 4.42 percent from 2.77 percent, making it the third largest voting power holder in the Washington-based international ...

NW China province to invest 500 mln yuan to explore mineral resources

Northwest China's Qinghai Province will invest 500 million yuan (about 73.2 million U.S.dollars) to explore mineral resources in the region's Qaidam Basin, according to the province's Land and Resources Bureau. Qaidam Basin, which locates in the north of Qinghai Province, is one ...

China fixed asset investment up 25.6% in Q1

China's fixed asset investment continued to show strong growth in the first quarter of this year on the back of increased investment in the property market, bolstering the economic expansion of the world's fastest-developing nation. Fixed asset investment rose 25.6 percent year ...

Chinese shares plummet by midday Monday

Chinese equities closed lower on midday Monday, with banking and property heavyweights leading the losses, on investors' jitters over the government's latest real estate tightening moves. The benchmark Shanghai Composite Index went down 2.65 percent to close at 3,047.36 points. ...

China Mobile buys 20 pct of SPDB, becoming second largest

China's largest mobile phone service provider became a strategic investor in a mid-sized bank based in Shanghai after a multi-billion dollar stock purchasing deal on Wednesday. Guangdong Mobile, China Mobile's branch in south China's Guangdong Province, bought 2.2 billion shares ...

Chinese companies launch credit card services in Frankfurt

China's largest commercial bank ICBC and China's bankcard association, China UnionPay (CUP) jointly launched credit card services in Frankfurt on Monday. The Industrial and Commercial Bank of China (ICBC) currently has one third of the Chinese credit card market. With the new ...

First Foreign-Invested Consumer Finance Company Settled in Tianjin

It was known by the reporter from Tianjin Municipal Government Services Office that China Banking Regulatory Commission recently approved the nationwide first foreign-invested consumer finance company-Home Credit Consumer Finance (China) Corporation to be set up in Tianjin. The ...

International Express Giant Races for Business Opportunities of Highway Logistics in China

The highway logistics service of delivery at the fixed date released by the international express group TNT is to use the price lower than that of air cargo to realize its fast fiducial point in China. At present, the wholly-invested subsidiary of TNT in China Heaven and Earth ...

The 2nd WIF and the 14th CIFIT to be Held Concurrently in Xiamen

The Ministry of Commerce, the United Nations Conference on Trade and Development and the Organizing Committee of the 14th CIFIT jointly held a press conference on the 2nd World Investment Forum (WIF) and the 14th China International Fair for Investment & Trade (CIFIT) jointly ...

China to Establish the Data Base of Foreign-Invested Partnership Enterprises

Chinese administrations of industry and commerce will officially accept the registration application of foreign-invested partnership enterprises as of March 1. For the purpose of accurately, normally and efficiently perform the administrative functions of the registration of ...
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