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Hong Kong gold price closes up - May 23

2011-05-24 09:44:48

The gold price in Hong Kong closed up HK$80 at HK$14,018 per tael on Monday, according to the Chinese Gold and Silver Exchange Society.

China's ICBC opens two branches in Pakistan

2011-05-21 14:15:11

The Industrial and Commercial Bank of China (ICBC), China's largest commercial bank, inaugurated two branches in Karachi and Islamabad respectively on Friday.

Lending curbs hit nation's property developers

2011-05-21 09:58:49

China's developers are paying as much as 25 percent to borrow from private trust companies. That's as property firms avoid lending curbs intended to control inflation and cut the risk of corporate default.

Yuan may be fully convertible in '3-5 yrs'

2011-05-21 09:17:15

A senior economist has said China could achieve full convertibility of the yuan in three to five years - much sooner than previous forecasts.

Hong Kong stocks close 0.16% higher -- May 20

2011-05-20 17:50:55

Hong Kong stocks gained 36.01 points, or 0.16 percent, to close at 23,199.39 on Friday.

Bain Capital mulls yuan fund in China

2011-05-20 17:38:11

US-based private equity giant Bain Capital is considering raising a yuan-denominated fund in China within two years.

BOC to increase loans to SMEs by 10%

2011-05-20 17:36:52

Bank of China Ltd (BOC), the country's third-largest lender by market value, said its loans to small and medium-sized enterprises (SMEs) is expected to grow more than 10 percent this year.

China stock index futures close mixed-- May 20

2011-05-20 17:13:16

China's stock index futures closed mixed Friday with the contract for May up 0.03 percent from the previous close to 3,122.6.

ChiNext Index closes down -- May 20

2011-05-20 15:52:15

The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, edged down 1.07 percent, or 9.46 points, to close at 875.43 Friday.

Chinese shares close mixed Friday

2011-05-20 15:51:07

Chinese shares closed mixed Friday with the benchmark Shanghai Composite Index down 0.04 percent, or 1.12 points, to finish at 2,858.46.

China to open RMB FDI

2011-05-20 15:06:32

China is mulling policies to allow foreign institutions to invest directly in renminbi in China, China Business News reported on Friday.

China's social security fund increases tenfold

2011-05-20 14:35:44

Total assets of China's social security fund increased nearly tenfold over the past 10 years, as the government strives to keep high investment returns amid the country's high inflation.