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Gold's luster is continuing to attract rising domestic demand and China will continue to "outperform" other countries in private consumption of the precious metal, with sales growth remaining above 20 percent over the next two years, an industry expert said.
Chinese shares closed moderately higher Thursday with the benchmark Shanghai Composite Index up 1.47 percent, or 38.93 points, to close at 2,688.25.
The price of directors and officers liability insurance (D&O) in China has gone up more than 20 percent this year, after a series of class-action lawsuits against US-listed Chinese companies pushed up risk-insurance premiums.
The People's Bank of China (PBOC), the central bank, on Thursday suspended its regular issue of bills to inject liquidity into banks to ease tight money supply in the market.
Industrial and Commercial Bank of China Ltd plans to sell 38 billion yuan ($5.9 billion) of subordinated bonds as soon as next week, according to a person familiar with the matter.
The fund aiming to help geologists survey minerals in China has reached 20 billion yuan ($3.09 billion) since its launch in 2006, the fund's manager said Wednesday.
Stocks on the Chinese mainland rose for a second day, capping the Shanghai Composite Index's longest winning streak in two weeks, on speculation this month's declines have been excessive given the outlook for economic growth.
Despite increasing funding constraints, foreign banks operating in China are still "surprisingly confident" about their prospects in the Chinese market.
The first batch of ten trust companies, including Shanghai Trust Co Ltd, Huarun Trust Co Ltd, and Hwabao Trust Co Ltd, will trade the stock index futures, China Securities Journal reported Wednesday, citing a relevant source.
Chinese shares closed moderately higher Wednesday with the benchmark Shanghai Composite Index up 0.11 percent, or 2.84 points, to close at 2,649.32.
China's securities watchdog loosened restrictions on the country's fund industry on Tuesday to allow more players to sell fund products while domestic mutual funds are struggling to issue new shares in a sluggish market.
Bank of America Corp may sell some of its $21 billion stake in China Construction Bank Corp (CCB) to bolster capital before new international standards take effect, said three people briefed on the plans.
