Regulator asks banks to cut loans to developers
2011-06-24 14:56:26
The China Banking Regulatory Commission has asked banks to reduce loans to real estate developers, the Beijing News reported on June 24, citing head of the Shanghai Banking Regulatory Bureau, Liao Min.
Soho China to increase bank loan
2011-06-24 13:17:48
Soho China Ltd, the developer whose founder and chief executive officer is billionaire Zhang Xin, increased a dual-currency term loan to $605 million from $400 million, a person familiar with the matter said.
Reverse-merger fallout to hurdle Chinese listings
2011-06-24 13:17:13
The pace of Chinese listings in the US markets is likely to slow this year amid tougher regulations aimed at curbing backdoor listings of companies, following a series of alleged accounting scandals, analysts said on Thursday.
Benchmark gains most in 3 months
2011-06-24 10:57:39
Stocks on the Chinese mainland advanced, driving the benchmark index to its biggest gain in three months, as energy and material producers rallied on increased government support for alternative energy production and affordable housing.
Record 36 Asian IPOs pulled
2011-06-24 10:57:13
A record $58 billion in withdrawn initial public offerings (IPOs) in Asia and muted market debuts are expected to force listing hopefuls to cut valuations to win over investors in the world's top region for offerings.
China to introduce financial services to 500 villages
2011-06-24 10:41:35
China will work to introduce financial institutions to another 500 villages and towns that currently have no financial services establishments in them, the country's banking regulator said Thursday.
Gold rush as sales surge predicted
2011-06-24 09:26:00
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.
D&O premiums skyrocket after US lawsuits
2011-06-23 13:40:55
The price of directors and officers liability insurance (D&O) in China has gone up more than 20 percent this year, after a series of class-action lawsuits against US-listed Chinese companies pushed up risk-insurance premiums.
China's central bank suspends bill issue
2011-06-23 13:40:13
The People's Bank of China (PBOC), the central bank, on Thursday suspended its regular issue of bills to inject liquidity into banks to ease tight money supply in the market.
ICBC plans bond sale to raise capital
2011-06-23 11:17:22
Industrial and Commercial Bank of China Ltd plans to sell 38 billion yuan ($5.9 billion) of subordinated bonds as soon as next week, according to a person familiar with the matter.
Fund for geological exploration hits $3b in China
2011-06-23 09:38:38
The fund aiming to help geologists survey minerals in China has reached 20 billion yuan ($3.09 billion) since its launch in 2006, the fund's manager said Wednesday.
Stocks continue to regain ground
2011-06-23 10:42:00
Stocks on the Chinese mainland rose for a second day, capping the Shanghai Composite Index's longest winning streak in two weeks, on speculation this month's declines have been excessive given the outlook for economic growth.
