China to regulate individual forex settlement through e-banking
2011-03-16 10:46:43
China will implement interim provisions to regulate individual forex settlement via e-banking since April 1 this year, said a statement Tuesday.
Fuel and power companies lead market decline
2011-03-16 10:32:28
Stocks on the Chinese mainland fell on Tuesday, driving the benchmark index to its lowest in more than two weeks.
Foreign exchange ceiling for individuals may be raised
2011-03-16 09:45:52
Chinese regulators denied on Tuesday that the country will significantly raise the annual amount of foreign exchange individuals are allowed to convert into yuan, as was previously reported in the local media.
China's social security fund worth 856.8b yuan by 2010
2011-03-16 09:43:53
The total assets of the fund managed by China's National Council for Social Security Fund (SSF) reached 856.8 billion yuan ($130.35 billion) by the end of 2010, up 10.32 percent year on year, an SSF official said Tuesday.
China trims holdings of US long-term securities in January
2011-03-16 09:35:23
Total foreign holdings of US long-term securities in January reached $4.45 trillion, up $15.1 billion, or 0.2 percent from the previous month, but China trimmed its holdings for the third straight month, the US Treasury Department reported Tuesday.
Nation's biggest airlines plan bond sales
2011-03-15 14:41:50
China's biggest airlines plan to sell the most bonds on record to fund growth even as the central bank is driving up borrowing costs and the industry forecasts a 46 percent plunge in profits on soaring fuel prices.
High liquidity may strain anti-inflation measures
2011-03-15 13:57:47
Japan's record 15-trillion-yen ($183 billion) liquidity injection to shield its economy and stabilize its financial markets from the effects of the nation's strongest earthquake in history will put further pressure on China's efforts to rein in its surging inflation, economists said.
Subprime mortgage crisis? Not here
2011-03-15 13:29:45
Chinese banks will not run a great risk of bad loans should a property bubble burst because only a small part of bank lending went to homebuyers, said China's top banking regulator.
Banks race to speed up RMB operations in Singapore
2011-03-15 11:13:23
The expansion of renminbi operations in Singapore has been speeding up, as banks raced to offer yuan deposit products and access to bonds to meet the growing appetite for the Chinese currency.
Drugs and steel help markets to rebound
2011-03-15 10:23:45
Stocks on the Chinese mainland rose on Monday for the first time in three days, led by drug producers and steelmakers.
China to scrap 34 bank service fees as of July
2011-03-15 09:04:00
China's banking regulator said via a circular on Monday that 34 kinds of bank service fees will be scrapped from July 1 to raise the efficiency of banking services.
Premier: China to increase flexibility of RMB exchange rate
2011-03-14 13:17:49
Premier Wen Jiabao said Monday that China would continue to gradually increase the flexibility of its exchange rate while taking into consideration the pressure on enterprises and employment which is important to social stability.
