China's yuan sets new high against USD Friday
2011-04-01 10:29:00
The Chinese currency, or the yuan, on Friday gained 37 basis points from Thursday to a record high of 6.5527 a US dollar.
Bank of China in HK to launch RMB fiduciary account scheme
2011-04-01 10:26:44
Bank of China (Hong Kong), in the capacity of the clearing bank for the banking business in the Chinese currency in Hong Kong, said Thursday in a statement that it will launch the Renminbi fiduciary account scheme for participating banks on April 8.
PBOC drains $45.3b of liquidity from money market in March
2011-04-01 09:31:12
During its last open market operation for March on Thursday, the People's Bank of China (PBOC) took 297 billion yuan ($45.3 billion) of liquidity out from China's banking system, the first monthly net tightening since September 2010.
ICBC reduces local government loans
2011-03-31 11:05:25
Industrial and Commercial Bank of China (ICBC) Ltd said on Wednesday that loans to local governments have been reduced and that it will continue to expand abroad by setting up four more branches.
China stocks close lower Thursday
2011-03-31 15:47:23
Chinese shares closed lower Thursday with the benchmark Shanghai Composite Index down 27.66 points, or 0.94 percent, to 2,928.11.
Ping An says no capital raising plan in short term
2011-03-31 15:17:44
Ping An Insurance (Group) Co, China's second-biggest insurer by market capitalization, said on Wednesday it will not raise capital on the financial markets in the short-term following a rights issue a few weeks ago.
Tianya's share buy-back move presages IPO
2011-03-31 14:01:59
Hainan Tianya Online Network Tech Co Ltd, the operator of Tianya.cn - one of China's best-known online forums - has bought back all of its shares previously owned by Google Inc, as it paves the way for a domestic listing.
CIC to train its focus on the emerging markets
2011-03-31 11:07:32
China Investment Corp (CIC), the country's $300 billion sovereign wealth fund, will increase its portfolio in the emerging markets this year, and has achieved a good gain from several real estate deals, a senior official said on Wednesday.
CSRC signs MOU with Israeli counterpart
2011-03-31 11:04:33
Securities regulators of China and Israel on Tuesday signed a memorandum of understanding on supervision cooperation in securities futures, according to a statement Xinhua received from the China Securities Regulatory Commission (CSRC) on Wednesday.
China's yuan sets new high against dollar
2011-03-31 10:30:13
The Chinese currency, or the yuan, on Thursday gained 22 basis points from Wednesday to a record high of 6.5564 per US dollar.
CIPEF boosts Tianjin into China's PE center
2011-03-30 16:43:08
As the forefront of China's financial reform and innovation, Tianjin has evolved into the "heartland of funds". Cui Jindu, Tianjin's vice mayor, said the city's three pillars sre private equity, property investment funds and hedge funds.
China stocks close lower Wednesday
2011-03-30 16:12:14
Chinese shares closed lower Wednesday with the benchmark Shanghai Composite Index down 2.31 points, or 0.08 percent, to 2,955.77.
