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ChiNext Index closes up - July 1

2011-07-01 16:01:51

The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, rose 9.35 points, or 1.11 percent to finish at 855.27 on Friday.

China stocks close mixed Friday

2011-07-01 15:53:08

Chinese shares closed mixed Friday with the benchmark Shanghai Composite Index down 0.1 percent, or 2.71 points, to close at 2,759.36.

Greek measures boost equity markets

2011-07-01 11:19:30

Stocks on the Chinese mainland rose, paring the benchmark index's first quarterly loss in a year, after Greece passed austerity measures.

Problems are growing at SMIC

2011-07-01 10:47:27

Semiconductor Manufacturing International Corp (SMIC), China's biggest chipmaker, said its chairman died, the chief executive officer was voted off the board and the company asked for a stock trading halt.

BYD surges in Shenzhen debut

2011-07-01 10:36:16

BYD Co, the Chinese automaker part- owned by Warren Buffett's Berkshire Hathaway Inc, surged on its trading debut in Shenzhen on Thursday amid speculation it may benefit from government funding for electric-vehicle development.

Local banks gaining ground on 'Big Four'

2011-07-01 09:52:30

While the Chinese still prefer to open accounts in the "Big Four" banks in China, more and more are taking their business to competitor banks in a trend that is becoming more pronounced, according to a study conducted by the consulting firm McKinsey & Co.

Yuan's trading band may soon be widened

2011-07-01 09:34:06

The yuan's daily trading band against dollar will probably soon be widened from the current 0.5 percent to 1 percent, said a report released by Bank of China Ltd (BOC) on Thursday.

Sri Lanka designates RMB for banking transactions

2011-06-30 17:05:46

Sri Lanka's Central Bank said in a release Thursday that the Monetary Board has decided to include the Chinese yuan or Renminbi in the list of designated currencies permitted for international transactions through banks in Sri Lanka.

China revises income tax threshold to 3,500 yuan

2011-06-30 15:30:53

China's top legislature on Thursday adopted an amendment to individual income tax law, which raises the monthly tax exemption threshold from 2,000 yuan ($307.7) to 3,500 yuan ($538.5).

China welcomes new IMF chief

2011-06-30 14:57:40

A spokesman of the People's Bank of China (PBOC), or the central bank, said Wednesday that China welcomes the endorsement of French Finance Minister Christine Lagarde as the new chief of the International Monetary Fund (IMF).

CDB signs memorandum with Taiwan bank

2011-06-30 14:31:11

China Development Bank (CDB), one of the country's three policy banks, signed a memorandum with Taiwan Cooperative Bank on Wednesday to further strengthen cross-border trade and investment.

Australia's 'Big Four' banking on China growth

2011-06-30 14:28:28

Australia's "big four" banks have been intensifying competition to secure a foothold in China, with the Australia New Zealand bank (ANZ), National Australia bank (NAB) and the Commonwealth Bank, all jostling for pole position.