Write-off plan may boost nation's banks
2011-06-02 09:53:42
China's top banks are expected to receive a short-term boost from a plan to have Beijing write off local government debt.
Overseas investors get more aggressive
2011-06-01 13:52:21
The period between 2001 and 2010, amid China's continuously expanding economy with the GDP compounded annual growth rate (CAGR) reaching 15.4 percent, has attracted rising foreign direct investment (FDI). Over the past 10 years, China's FDI CAGR averaged 9.5 percent.
China Everbright eyes Hong Kong listing
2011-06-01 13:42:25
China Everbright Bank is seeking to list in Hong Kong in July, the lender said in a statement late on Tuesday, in a listing that could be worth around $6 billion-$7 billion.
Hong Kong's RMB deposits up 13.1% in April
2011-06-01 10:14:58
Hong Kong's RMB deposits climbed to 510.7 billion yuan ($65.66 billion) in April, up 13.1 percent from the previous month, said the Hong Kong Monetary Authority (HKMA) on Tuesday.
Insurers to add realty investments
2011-06-01 09:41:29
Around 78 billion yuan ($12 billion) of insurance capital is expected to enter Beijing's "economically affordable" housing market.
Record response to tax move
2011-06-01 09:22:24
A draft amendment to raise the personal income tax threshold from 2,000 yuan ($306) to 3,000 yuan has drawn a record response after the top legislature published it online to solicit public opinion.
RBS and Guolian Securities open securities JV
2011-05-31 15:29:31
The Royal Bank of Scotland Group plc (RBS) and Guolian Securities Co Monday announced the opening of their securities joint venture, Huaying Securities Co, in Wuxi city, near China's financial center of Shanghai.
Australia backs cross-border RMB settlements
2011-05-31 11:10:43
Australia is keen to play a bigger part in accelerating the internationalization of the yuan, according to a new report.
Yuan hit new high of 6.4856 per USD Tuesday
2011-05-31 10:29:45
The Chinese currency Renminbi, or the yuan,strengthened 11 basis points to an all-time high at 6.4845 per US dollar on Tuesday, according to the China Foreign Exchange Trading system.
ABC set to issue bonds to boost CAR
2011-05-31 10:23:24
Agricultural Bank of China Ltd (ABC), the country's third-biggest lender by assets, will sell 40 billion yuan ($6.17 billion) of subordinated bonds from June 2 to 7, according to a statement.
Chinese shares open slightly higher Tuesday
2011-05-31 10:10:25
Chinese shares opened higher on Tuesday, with the benchmark Shanghai Composite Index up 0.04 percent to 2,707.56.
Markets continue losing streak - May 30
2011-05-31 10:08:54
Stocks on the Chinese mainland stocks fell for an eighth day, the longest losing streak since December 2008. The retreat came on concerns interest rates will rise, a property tax may be expanded nationwide and power shortages will cut production capacity.
