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The China Banking Regulatory Commission (CBRC) on Tuesday announced a series of favorable policies for lenders to offer more loans to small-scale enterprises.
All the preparation for a long-awaited international board on the Shanghai Stock Exchange is "basically" in place, Shanghai's vice-mayor said in a speech, giving the clearest sign yet that the board's launch is imminent.
The Chinese currency Renminbi, or the yuan,strengthened 21 basis points to hit 6.4795 per US dollar on Wednesday, according to the China Foreign Exchange Trading system.
In addition to their obsession with the nation's red-hot property market, many of them extend high-interest private loans, a semi-legal and largely unregulated business where the average annual interest rate is 30 percent.
The Chinese currency Renminbi, or the yuan, strengthened 30 basis points to hit 6.4816 per US dollar on Tuesday, according to the China Foreign Exchange Trading system.
China's capital market faces three problems namely marketization, market structure and cultural factors, a senior official with China Securities Regulatory Commission has said.
China's recent interest rate hikes may soon come to an end, but another rate increase is still possible before the end of this month, according to Lian Ping, chief economist for the Bank of Communications.
The country's A-share market is expected to raise more than 1 trillion yuan this year despite government measures to withdraw liquidity out of the market.
The People's Bank of China is likely to increase the interest rates banks must pay on deposits and the amount of money banks are required to hold in reserve to sop up the excess liquidity now found in the economy and slow inflation, said analysts.
The People's Bank of China, the country's central bank, reiterated Friday it would continue to implement a prudent monetary policy this year.
The People's Bank of China, the country's central bank, said on Friday that it would sell one-year bills totaling 2 billion yuan ($308 million) starting June 7.
A joint venture company will be created in China with a registered capital of $1 billion to provide various guarantees services, China Securities Journal reported.
