China banks' NPL ratio falls to 1.84%
2011-11-12 15:39:00
The ratio of non-performing loans (NPL) by Chinese banks fell 0.6 percentage points to 1.84 percent at the end of September compared with the end of last year.
Bohai oil spill caused by illegal operation
2011-11-12 09:30:01
The Penglai 19-3 oil leak, which polluted 6,200 square kilometers, an area roughly nine times the size of Singapore, was caused by illegal operation, China's ocean watchdog said on Friday.
SOA: Bohai oil spills 'ConocoPhillips' fault'
Call, put forex options trading
2011-11-12 15:18:06
China's foreign exchange regulator said it has allowed the trading of call and put foreign currency options in the country to help traders and investors reduce their exposure to exchange rate fluctuations. Trading of call and put options will begin on Dec 1.
China's foreign trade to grow 20% in 2011
2011-11-12 14:55:40
China's Ministry of Commerce (MOC) on Friday forecast the country's foreign trade to expand about 20 percent year-on-year this year to $3.5 trillion.
Beijing housing prices stumble 5.1%
2011-11-12 14:39:39
Prices for new residential apartments in Beijing have stumbled 5.1 percent year-on-year in the first 10 months of 2011, as authorities' measures to cool the sizzling property market took hold.
Isle developers may get subsidies
2011-11-12 08:37:19
Developers eyeing projects on uninhabited islands off China's coast could receive financial support from the government, as long as their plans pass muster.
Shanghai to develop bonded areas into FTZ
2011-11-12 10:06:42
Shanghai aims to develop three bonded areas into China's first free trade zone (FTZ) to facilitate global trade. The move is the city's latest attempt to globalize its presence and build itself into an international financial and shipping center.
Singles' Day sees online sales surge
2011-11-12 09:47:49
Online retailers registered a sales surge on Nov 11, as a result of "Singles' Day", and experts said wider recognition of the event is likely to support the growth of online sales.
Lenovo set to boost online sales
2011-11-12 10:28:19
Online commerce will become Lenovo Group's core sales channel on the Chinese mainland over the next three to five years.
Sinopec pays $3.54b for 30% of Galp unit
2011-11-12 10:06:42
China Petrochemical Corp, Asia's biggest refiner, agreed to pay $3.54 billion for a 30 percent stake in the Brazilian unit of Galp Energia SGPS SA, in China's largest overseas energy acquisition this year.
HSBC China gets $442m capital replenishment
2011-11-12 09:52:04
HSBC Bank (China) Company Limited said Friday its parent company the Hongkong and Shanghai Banking Corporation Limited has replenished its capital with 2.8 billion yuan ($442 million).
China's boom a boon to US business
2011-11-12 07:47:16
China's booming consumption and investment demand in the coming five years will generate a huge market for US companies, President Hu Jintao said on Thursday.