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Ping An of China expects interest rates and bank reserve ratios to be hiked at least once more this year, a move that may potentially benefit the company's earnings, a senior executive said on Wednesday.
China is likely to raise bank reserve requirements in the near term to soak up excessive cash in the economy, the official China Securities Journal said in a front page editorial on Thursday.
Agreement on developing settlement and credit in local currencies will be reached among BRICS countries, executives of five national development banks announced on Wednesday, a move expected to increase the role of their national currencies.
Chinese investors including the country's sovereign wealth fund may inject $13 billion into Spanish banks, a government source said on Wednesday after Spain's premier met financial authorities in Beijing.
A team of State Council inspectors started field research Tuesday in eastern Zhejiang province to see the implementation and effects of housing policies. The group will carry out its fieldwork in Hangzhou, Ningbo, and Wenzhou, Shanghai Securities News reported Wednesday.
China, which has the world's largest foreign-exchange reserves, has become the fastest-growing holder of South Korean stocks as investors make efforts to diversify investments.
Bright Food Group Co plans to join Unilever NV in selling yuan-denominated bonds. That will cap a record 12 months of sales by food companies, as poisoning scandals and rising wealth accelerate expansion by larger companies in China.
China's Ministry of Finance said on Wednesday that it will auction 30 billion yuan ($4.6 billion) in three-year government bonds next Wednesday.
The Chinese Ministry of Commerce (MOC) on Tuesday published its long-awaited guidelines for e-commerce third-party payment service providers in a bid to regulate a rapidly developing business-to-consumer (B2C) industry.
Industrial and Commercial Bank of China Ltd (ICBC), the world's biggest lender by market value, plans to open a bank in Brazil. The move will extend the lender's reach to Latin America's largest economy after expanding in Europe and the United States.
China Everbright Bank's H-share IPO plan has gained regulatory support, but the bank has not considered strategic investment, Lin Li, the bank's vice president, said Tuesday.
China's economic growth is facing increasing pressure from credit and asset bubbles, with inflation in the country projected to hit 5 percent this year, the International Monetary Fund (IMF) said in its latest report.
