China's yuan weakens to 6.2947 against USD Tuesday
2012-02-14 10:40:51
The Chinese currency Renminbi, or the yuan, weakened 8 basis points to 6.2947 against the US dollar on Tuesday, according to the China Foreign Exchange Trading System.
Shanghai has plans for smaller lenders
2012-02-14 10:13:27
Shanghai is encouraging more foreign companies to set up microfinancing operations, the city's financial authority said on Monday, ahead of the opening of the first such organization in the municipality.
Lower provision rule not necessary
2012-02-14 09:54:44
Analysts said now is not the time for banking regulators to lower the provision-ratio requirements for commercial lenders since lending is still proceeding at a fast pace and banks are trying to expand credit.
Mainland stocks advance on Wen's comment
2012-02-14 09:48:21
The advance came after Premier Wen Jiabao said the nation needs to start "fine-tuning" economic policies this quarter, boosting speculation that the government will ease monetary policy further.
Borrowers face costly payback
2012-02-14 07:56:36
From loan sharks and underground banks to pawnshops and auction houses, the private lending chain is huge and diverse, according to economists, who blame the situation largely on the struggles experienced by entrepreneurs in getting startup funds through authorized channels.
China Investment Corp gets injection of capital
2012-02-14 09:23:46
China Investment Corp, the nation's sovereign wealth fund, has received a capital injection after it invested almost all of its cash in 2010, said Lou Jiwei, CIC chairman.
Hong Kong stocks close 0.5% higher
2012-02-13 17:13:03
Hong Kong stocks rose 103.54 points, or 0.5 percent, to close at 20,887.40 on Monday.
ChiNext Index closes up -- Feb 13
2012-02-13 17:12:17
The ChiNext Index, tracking China's Nasdaq-style board of growth enterprises, rose 16.1 points, or 2.3 percent, to close at 714.96 points on Monday.
Chinese stocks close flat Monday
2012-02-13 17:08:23
Chinese shares closed almost flat Monday with the benchmark Shanghai Composite Index down 0.13 points to finish at 2,351.86.
China stock index futures close up -- Feb 13
2012-02-13 17:07:55
China's stock index futures closed higher Monday, with the contract for February, the most actively traded, up 0.05 percent from the previous trading day to 2,531 points.
Yuan rise would hinder manufacturers
2012-02-13 16:41:09
In a recent study on the impact of the revaluation on companies, two economists argued that a yuan appreciation might have an overall negative effect on foreign companies.
China grants 7 QFII licences in Jan
2012-02-13 15:16:41
China's securities regulator granted licences to seven foreign institutions in January allowing them to invest in the country's capital markets under the Qualified Foreign Institutional Investor (QFII) scheme.