Japan quake, Middle East unrest hit shares across Asia
2011-03-14 11:06:23
Asian stocks fell last week, dragging down a regional benchmark index by the most since August, as conflict escalated in the Middle East and an earthquake shook Japan in the final minutes of trading on Friday.
China expects currency breakthrough within 5 years
2011-03-12 09:37:53
China will achieve a major breakthrough in full convertibility of the yuan over the next five years, Hu Xiaolian, deputy governor of the People's Bank of China, said on Friday.
Bachelors limit yuan appreciation
2011-03-12 09:29:53
The increasing number of bachelors in China limits appreciation of the yuan more than government officials do, according to a Columbia University economist.
ABC to issue up to 10b yuan RMB bonds in HK
2011-03-11 15:16:58
Agricultural Bank of China (ABC) has received approval from its board to issue no more than 10 billion yuan ($1.52 billion) worth of renminbi-denominated bonds in Hong Kong. The maturities will be less than five years, according to a statement by the bank.
Exchange mulls tool for delisting start-ups
2011-03-11 13:17:02
The Shenzhen Stock Exchange is considering a delisting mechanism for companies listed on the ChiNext start-up board in an effort to lower the high valuations of listed companies and to better protect retail investors, Chen Dongzheng, the exchange's president, said on Thursday.
China's wealthy in Forbes list nearly doubles
2011-03-11 10:23:37
China has seen its richest people coming from diverse industries, indicating signs of a dynamic economy, according to Forbes magazine's Billionaires List of 2011.
China to further reform exchange rate, interests rate
2011-03-11 10:07:37
An official with China's central bank said Thursday that they would steadily promote exchange rate and interest rate reforms over the coming five years, as they are key to the nation's financial system reform.
Banks told to handle mortgage loans 'properly'
2011-03-11 09:46:53
The China Banking Regulatory Commission (CBRC) on Thursday ordered banks to "properly handle" problems related to housing loans and protect the rights of customers while improving risk management.
Agricultural policy bank to issue $60b in bonds
2011-03-11 09:19:56
Agricultural Development Bank of China, a State-owned agricultural policy bank, plans to issue 400 billion yuan ($60.6 billion) in bonds in 2011, the bank's vice president said on Thursday.
Steer clear of US debt, expert warns
2011-03-11 08:01:49
The "cost" of lending to a nation that may face a default on its debt is too high, said an expert.
Citibank accepts UnionPay cards in 7 Asian nations
2011-03-10 17:04:28
China's bankcard association, China UnionPay, announced Thursday it has signed an agreement with Citibank to accept UnionPay cards in seven Asian nations.
China stocks close lower Thursday
2011-03-10 16:58:57
Chinese shares closed lower Thursday with the benchmark Shanghai Composite Index down 45.01 points, or 1.5 percent, to 2,957.14.
