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Stocks on the Chinese mainland fell for a second day after the central bank raised interest rates for a third time this year to slow growth in the world's second-largest economy.
As a scholar and an internationally recognized financial official, Zhu Min, special advisor to the managing director of the International Monetary Fund (IMF), brought the view of emerging markets to this important institution.
China's asset managers, who have been approved to raise $70 billion for allocation overseas, are seeking additional funds to invest in gold and precious metals as soaring inflation spurs interest in alternative assets as a way of protecting wealth.
China's stock index futures closed mixed on Thursday with the contract for July, the most actively traded, up 2 points, or 0.06 percent, from the previous day to 3,113.6 points.
Hong Kong stocks edged up 12.63 points,or 0.06 percent to close at 22,530.18 on Thursday.
A Chinese insurance company has unveiled a new type of "virtual property" insurance that might be the first of its kind in the world.
China's outstanding foreign debt stood at $586 billion at the end of the first quarter, the country's foreign exchange regulator said in a statement on Thursday.
Chinese shares closed down on Thursday after the central bank hiked one-year interest rates by 25 basis points.
Any success Citic Securities Co has in disposing of its 51 percent stake in fund management company China Asset Management Co (ChinaAMC) will clear the way for the latter to make a strong comeback from its nearly two-year ban from offering new products, analysts say.
A surge in mergers and acquisitions (M&As) of global financial exchanges will not happen in Asia during the next three to five years, despite a wave of worldwide cross-border cooperation, according to officials and analysts.
China's trillions of yuan of local government debt do not need the central government’s bailout, a top Chinese banker said on Wednesday.
Led by a number of Internet companies, Chinese IPOs surged in the US in the first half of this year, Modern Express reported Thursday.
