Govt asked to cut tax to help SMEs, curb inflation
2011-11-18 10:32:29
The Chinese government should cut tax and loosen regulation of its financial system to solve problems that small- and medium-sized enterprises (SMEs) are currently facing, according to attendants at the China Hi-tech Forum in Shenzhen on Nov 17.
China's gold demand to reach 750 tons this year
2011-11-18 10:26:13
Strong demand in investment and jewelry will drive China's total gold demand to 750 tonnes this year, the World Gold Council (WGC) said here Thursday.
PBOC moves confuse fine-tuning speculation
2011-11-18 10:22:04
The People's Bank of China (PBOC), the country's central bank, on Thursday mildly surprised traders by ceasing liquidity injection in open market operations amid speculations that a selective loosening in policy is imminent.
Banks react differently to WMP rule
2011-11-18 10:02:54
On-spot investigations by Xinhua found although quite a few major banks have suspended selling their one-month-term investment products since November upon the non-binding oral notice by the CBRC, some smaller banks chose to wait and see due to their deposit-taking pressures to meet loan-to-deposit requirement.
Banks asked to halt short-term WMP
2011-11-18 09:35:52
Commercial lenders have received orders from banking regulators to halt sales of short-term individual wealth management products (WMP) with a maturity of less than a month, said a senior banking executive.
Banks react differently to WMP rule
Shanghai to pilot VAT reform
2011-11-18 09:33:36
China's Ministry of Finance announced that the country will start replacing its turnover tax with a value-added tax (VAT) in the transport sector and some service sectors in Shanghai starting from Jan 1.
China should manage reserves 'flexibly'
2011-11-18 09:27:09
China should be flexible in adjusting the composition of its foreign-exchange reserves and adapt to changing world economic conditions, analysts said, referring to a surge in the nation's holdings of US government securities in September.
Jim Rogers: China is where the money is
2011-11-17 17:29:23
Jim Rogers, co-founder of the Quantum Fund, said Thursday at the China Hi-tech Forum 2011 that he is still confident that China is where the money is.
China stock index futures close up -- November 17
2011-11-17 17:11:30
China's stock index futures closed higher on Thursday with the contract for November up 0.09 percent from the previous trading day to 2,670.6 points.
China's stocks close lower Thursday
2011-11-17 15:43:01
Chinese stocks trimmed losses on Thursday from the previous trading day. The benchmark Shanghai Composite Index fell 0.16 percent, or 3.91 points, to close at 2,463.05.
Market exchange rates in China - November 17
2011-11-17 15:42:40
The central parity rates of the Chinese currency Renminbi (RMB) against seven major currencies announced on Thursday by the China Foreign Exchange Trading System.
Yuan weakens to 6.3553 against USD
2011-11-17 15:40:53
The Chinese currency Renminbi, or the yuan, weakened 44 basis points to 6.3553 against the U.S. dollar on Thursday, according to the China Foreign Exchange Trading System.