Banks rein in property loans
2011-01-19 16:55:32
China's commercial banks are reining in property loans, with some even raising previously preferential interest rates to the benchmark level, the 21st Century Business Herald reported Wednesday.
China's stocks close up Wednesday
2011-01-19 16:10:29
China's stocks edged up Wednesday with the benchmark Shanghai Composite Index up 1.81 percent, or 49.12 points, to close at 2,758.1 points.
UBS to double headcount in China
2011-01-19 15:32:29
UBS AG said on Tuesday that it is on track to double its headcount in China over the next three to five years.
Outlook for stocks in 2011 is uncertain
2011-01-19 13:20:15
Fidelity International's Anthony Bolton is betting on a rally in Chinese shares even as the central bank steps up measures to curb inflation. UBS AG Strategist Chen Li predicts the nation's equities will fall a further 10 percent.
PBOC cuts 2011 banks' lending target
2011-01-19 11:19:55
The People's Bank of China (PBOC), the nation's central bank, is reported to have cut its 2011 lending target for banks by 10 percent from last year in a bid to slow free-wheeling lending and tame inflation.
Bond market reflects inflation concerns
2011-01-19 11:09:57
China's bond market is starting to show renewed inflation concerns ahead of a report that will probably show the economy grew 10.2 percent last year, the fastest pace since 2007.
PBOC to focus on capital inflows
2011-01-19 09:43:43
Foreign exchange management will be a great challenge for the Chinese government during the next five years, given the country's net trade surplus, increasing foreign direct investment (FDI) and speculative capital inflows.
China to make RMB convertible on capital account in 5 years
2011-01-19 09:28:16
China would progressively make its currency, RMB, convertible on the capital account in the next five years amid its push for the deeper internationalization of the currency, or yuan, the country's foreign exchange chief said Tuesday.
Li Daokui: Rate hike likely in first quarter
2011-01-18 17:22:49
China is likely to raise the interest rate in the first quarter to keep a lid on the rising consumer prices, Li Daokui, an adviser to the central bank, said on Tuesday.
China's stocks close up Tuesday
2011-01-18 16:39:55
China's stocks edged up Tuesday with the benchmark Shanghai Composite Index up 0.09 percent, or 2.32 points, to finish at 2,708.98 points.
BOC chairman confirms repeal of national credit line
2011-01-18 13:45:15
Bank of China Ltd (BOC) will grant new yuan loans according to capital adequacy rate and other indicators as the central government has repealed the national credit line, National Business Daily reported Tuesday, citing Xiao Gang, chairman of BOC.
Tax speculation drives housing sales
2011-01-18 10:32:47
With media reports rife about a property tax soon to be launched in Shanghai, 30-year-old Zhou Xin had no hesitation in signing the purchasing contract for a two-bedroom apartment located in the Zhabei district.
