Trial program for offshore funding
2011-01-18 10:00:26
HONG KONG - The Chinese mainland securities regulator will begin a trial program that allows local fund houses to raise money offshore for investment in the domestic financial market, two sources said.
CBRC to focus on credit, liquidity
2011-01-18 09:45:20
The China Banking Regulatory Commission (CBRC) said on Monday it will put curbing credit and liquidity risks at the top of its agenda of banking regulation in 2011 and promote reasonable lending to efficiently serve the economy.
Housing prices see smallest year-on-year increase in Dec
2011-01-18 09:42:57
Property prices registered their smallest year-on-year gains in December, after peaking at 12.8 percent in April, as the central government vowed to continue measures to curb excessive price growth.
China's stocks close down Monday
2011-01-17 16:33:31
China's stocks dropped Monday with the benchmark Shanghai Composite Index down 3.03 percent, or 84.68 points, to finish at 2,706.66 points.
China plans calibrated bank reserve ratios
2011-01-17 16:18:32
China's central bank has devised calibrated reserve ratios for different banks to tighten curbs on bank lending and tame quickening inflation, Chinese media said on Monday.
China calls for further int'l financial system reform
2011-01-17 15:13:24
China on Monday called on the international community to further advance the international financial system reform, and to build a new and more equal and balanced global partnership for development.
Govt says it won't reclaim residential land
2011-01-17 14:29:17
A senior housing official in Shanghai said on Sunday that the government will not reclaim residential lands after their leases expire.
Beijing not pilot city for property tax
2011-01-17 14:25:26
Beijing is not among the pilot cities collecting property taxes, the China Securities Journal reported Monday, citing Ji Lin, deputy mayor of the municipality.
China's ICBC to add branches in Europe
2011-01-17 10:55:57
Industrial and Commercial Bank of China (ICBC) will more than double the number of branches in Europe in coming weeks to expand its global footprint, the Wall Street Journal reported in its online edition on Sunday.
Local governments urged to focus on economic restructuring
2011-01-17 09:57:51
China's senior experts Saturday called on local governments to shift their focus from gross domestic product (GDP) figures to economic restructuring and the raising of ordinary people's living standards.
Yuan internationalization a big step for world monetary reform
2011-01-15 15:28:21
China should steadily promote the internationalization of its currency, the yuan, the head of China's social security fund said Saturday.
China's property tax debate escalates
2011-01-15 11:15:30
Property taxes, seen as a silver bullet to curb excessive growth in China's housing prices, triggered an intense debate among economists and industry analysts recently, with some saying it may not help tame soaring prices but rather, increase costs for home buyers.
