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Carlyle's presence to increase

2011-05-17 13:08:57

Carlyle Group, one of the world's largest private equity firms, has just closed a second round of fundraising for its Beijing yuan-denominated fund, which now totals 3.2 billion yuan ($492 million).

China, ASEAN to seek financial cooperation

2011-05-17 10:16:27

The China-Association of Southeast Asian Nations (ASEAN) Inter-Bank Association held its first council meeting Monday, vowing to further boost exchanges of financial institutions and enterprises to improve cooperation between China and the ASEAN.

Markets hit by uncertainty - May 16

2011-05-17 10:08:23

Stocks on the Chinese mainland fell for the third time in four days on Monday.

Chinese shares open lower Tuesday

2011-05-17 10:01:16

Chinese shares opened slightly lower on Tuesday, with the benchmark Shanghai Composite Index down 0.09 percent at 2,846.45.

Shanghai bank granted license in HK

2011-05-17 09:36:29

The Hong Kong Monetary Authority has granted a banking license to Shanghai Pudong Development Bank, the authority said Monday in a statement.

Hong Kong stocks close down 1.36%

2011-05-16 16:44:52

Hong Kong stocks closed down 315.64 points, or 1.36 percent, at 22,960.63 on Monday.

PICC to bring in strategic investors

2011-05-16 16:35:45

People's Insurance Company (Group) of China (PICC) still has no timetable for its overall listing. Despite that fact, the company will soon settle with its strategic investors, China Business News reported Monday.

ChiNext Index closes down on May 16

2011-05-16 16:06:08

The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, edged down 0.38 percent, or 3.43 points, to 906.34 Monday.

Chinese shares close down Monday

2011-05-16 16:03:57

Chinese shares fell Monday with the benchmark Shanghai Composite Index down 0.77 percent, or 21.96 points, to 2,849.07. 

PICC P&C eyes global top 5

2011-05-16 11:06:12

China's largest general, non-life insurer, PICC Property and Casualty Limited (PICC P&C), is striving to become one of the top five global insurers by premium volume in the next five to ten years, according to a top official of the company.

ICBC posts strong trade financing growth in Q1

2011-05-16 13:17:51

The Industrial and Commercial Bank of China (ICBC) said its trade financing business has posted robust growth in the first quarter, with domestic subsidiaries conducting almost 290 billion yuan of in-balance-sheet trade financing, up 42.58 percent year-on-year.

Hong Kong's foreign assets up HK$27.5b in April

2011-05-14 11:13:35

The Hong Kong Monetary Authority (HKMA) said on Friday that the city's foreign assets increased HK$27. 5 billion ($3.54 billion) to HK$2,114.4 billion by the end of April.