China says to gradually realize capital account convertibility
2010-11-04 13:36:54
China will continue reforms in its exchange-rate mechanism over the next few years and gradually realize capital account convertibility, said Zhou Xiaochun, the central bank governor, on Tuesday at a financial forum.
Banks yield less this year than 2009
2010-11-03 18:08:25
Only three banks’ investment income in the first three quarters saw an increase among all listed banks in China, National Business Daily reported on Wednesday.
Food prices rise in October
2010-11-03 13:43:25
The National Development and Reform Commission released last month's monitoring results for retail food prices, and 80 percent of food products have seen a month-on-month rise, the Chongqing Evening News reported on Wednesday.
China mulls rare metals strategic reserves, export quota cuts
2010-11-03 13:38:42
China plans to set up a strategic reserves system for ten rare metals to keep their prices stable, while the Commerce Ministry is mulling year-by-year cuts of about 2 percent on its rare metal export quotas, two national securities newspapers reported on Wednesday.
RMB to become a major global settlement currency in 5 yrs: HSBC
2010-11-03 13:34:01
The yuan will become one of the three major global settlement currencies in five years, the HSBC Group estimated, China Business News reported on Wednesday.
Expert: Real estate tightening to continue
2010-11-02 19:43:08
China's real estate tightening will continue into next year, an industry insider said at a forum on Tuesday.
CEO: 360 will not release IM software
2010-11-02 16:35:24
Qihoo 360 will not release instant messaging software to compete with Tencent QQ, Zhou Hongyi, chairman and CEO of Qihoo 360, said on his micro blog Monday.
CSRC issues new regulations on funds management
2010-11-02 15:53:45
The China Securities Regulatory Commission (CSRC) on Monday issued a batch of regulations on funds management covering special deposit accounts, funds sales and guaranteed funds.
Offshore operators seek deepwater development
2010-11-02 15:18:33
Deepwater development drew interest from participants at the 2nd Asia Offshore Operation & Development conference held in Beijing from Oct 27 to 29, which provided a platform for industry players in China and the Asia-Pacific region to seek cooperation in the offshore oil and gas industry.
China to adopt 'prudent' monetary policy in 2011
2010-11-02 15:14:35
China is likely to continue the proactive fiscal policy but shift its monetary policy from "moderately loose" to "prudent" in 2011, China Business News reported on Tuesday, citing two sources close to policy makers.
China's electric demand will keep rising
2010-11-02 11:11:51
China's total installed electric power capacity will surpass 1.4 billion kilowatts by the end of 2015, the last year of the country's 12th Five-Year Plan (2011-2015).
Central bank to issue 51b yuan 1-yr bills
2010-11-02 11:00:59
The People's Bank of China will issue a total of 51 billion yuan ($7.58 billion) one-year bills on Tuesday, up 11 billion yuan from last week's issuance and the biggest in seven successive weeks.