ICBC won't seek cash on capital market
2011-01-13 11:05:24
The Industrial and Commercial Bank of China (ICBC), the largest lender by market value, will not raise funds from the capital market in three years as it promised in 2010, Chairman Jiang Jianqing said on Wednesday.
Banks urged to lend more for affordable housing
2011-01-13 10:38:21
China's banking regulator on Wednesday urged banks to increase lending to affordable housing projects in 2010 in hopes of curbing runaway property prices.
China to sell 30b yuan of book-entry T-bonds
2011-01-13 10:14:41
China's Ministry of Finance (MOF) said Wednesday it will sell 30 billion yuan ($4.53 billion) of book-entry Treasury bonds this week.
Yuan-based trade to increase
2011-01-13 09:47:15
One-third of China's cross-border trade may be settled in yuan by 2016, as the Chinese government pushes for the internationalization of the currency, said a senior economist with HSBC on Wednesday.
Jinan Truck says unit involved in bank fraud
2011-01-13 09:24:59
CNHTC Jinan Truck Co Ltd, a Chinese maker of heavy-duty vehicles, said on Thursday that a subsidiary was involved in a bank fraud that could threaten repayment of 500 million yuan ($75 million) worth of deposits.
China stocks close up Wednesday
2011-01-12 15:40:57
China's stocks rose Wednesday with the benchmark Shanghai Composite Index up 0.62 percent, or 17.26 points, to finish at 2,821.31 points.
Required reserves ratio may rise: Experts
2011-01-12 15:40:27
Banking experts said the central bank may raise Chinese commercial banks’ required reserve ratio to tame surging domestic liquidity and inflation, China Securities Journal reported Wednesday.
Value Partners looks to booming mainland fund industry
2011-01-12 14:15:10
Value Partners Group Ltd, Hong Kong's largest fund company by assets under management, plans to set up a joint venture on the Chinese mainland to tap its rapidly growing fund industry, Jimmy Chan, the fund's chief executive officer, said on Tuesday.
China banks lend 600b yuan to start year -media
2011-01-12 10:57:26
Chinese banks extended about 600 billion yuan ($91 billion) in new local-currency loans in the first week of 2011, and lending in January could reach 1 trillion yuan, Caijing magazine reported on Wednesday, citing analysts.
Shanghai allows foreign institutions to make China PE investment
2011-01-12 10:50:57
Shanghai has launched a pilot scheme allowing qualified foreign institutions to make private equity investment in China, marking an important step in the liberalization of China's capital markets.
Housing corruption put in crosshairs
2011-01-12 10:32:54
Discipline inspection authorities of the Communist Party of China have pledged to target misconduct of officials in the housing sector as soaring prices become a rising concern for the Chinese public.
China's yuan hits new record high at 6.6128 per USD
2011-01-12 10:32:00
The Chinese yuan strengthened to a record high against the US dollar on Wednesday to reach 6.6128 per dollar.
