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Stocks on the Chinese mainland fell on Thursday, dragging the benchmark index to a three-month low. That's after a slump in commodities raised concern producers' earnings will decline.
China bought the most Japanese long-term bonds than it has in more than six years and sold stocks as the smaller nation's tsunami and record earthquake in March spurred expectations that interest rates would remain low.
The Beijing municipality signed an agreement on Thursday to invest in Goldman Sachs Group Inc's yuan-denominated private equity (PE) fund, which reportedly aims to raise 5 billion yuan ($770 million).
China has raised the reserve requirement ratios (RRR) for banks for the fifth time this year to restrain price rises.
The gold price in Hong Kong moved down HK$ 308 to close at HK$13,848 per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
China's stock index futures closed lower Thursday with the contract for May, the most actively traded, down 1.72 percent from the previous close to 3,090.2.
Analysts are still optimistic about Jiayuan.com International Ltd, NetQin Mobile Inc, and Renren Inc, the three Chinese Internet companies that listed on the Nasdaq this month, despite shares trading well below their IPO prices.
To meet increasing demand, the Hong Kong Mercantile Exchange will start offering yuan-denominated gold products.
The People's Bank of China's (PBOC) Shanghai headquarters will strengthen supervision on abnormal cross-border capital flow and combat the influx of illegal funds such as "hot money," China Business News reported Thursday.
The largest sovereign wealth funds in the world are now defending their investment roles, suggesting they are a force for global stability.
Goldman Sachs and Morgan Stanley are now both set to launch private-equity funds denominated in renminbi.
China's state-owned banks have tightened credit supply as higher reserve requirement ratios and other credit controls rein in excess liquidity, China Business News reported on Thursday.
