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China's Bank of Communications (BOCOM) said on Sunday that the bank will broaden its wholesale services in the United States to include deposit-taking, lending and trade finance.
China will encourage businesses to raise funds by issuing bonds, and will gradually open up the bond and other financial markets to overseas investors, the People's Bank of China (PBOC) said in an annual report on its website on Friday.
Chinese shares closed higher Friday with the benchmark Shanghai Composite Index up 22.11 points, or 0.74 percent, to 3,030.02.
China will further expand, optimize and open up its financial market, and gradually reduce central government market interventions in 2011, the People's Bank of China (PBOC) said in a report Friday.
Shares of China Vanke Co jumped to their highest level in more than three months on Thursday. The advance came after the property company said March sales climbed and Goldman Sachs Group Inc told investors to buy Chinese property stocks.
Bank of Beijing , a city-focused lender, may announce a plan to raise funds via a share placement following a trading suspension of its shares, Reuters reported Friday, citing a Chinese newspaper's report.
China's repeatedlyinterest-rate increase measures in the past six months is spurring the world's biggest banks to say it's time to buy stocks in the fastest-growing major economy, Bloomberg News reported on Friday.
The number of overseas property projects exhibited at the ongoing spring session of the Beijing Real Estate Expo doubled to more than 80 from last year, said the Expo's organizers on Thursday.
China's Ministry of Finance on Thursday announced plans to sell another 30 billion yuan ($4.6 billion) worth of the fourth-batch book-entry treasury bonds this month.
Chinese shares closed higher Thursday with the benchmark Shanghai Composite Index up 6.55 points, or 0.22 percent, to 3,007.91.
Freeport-McMoRan Copper & Gold Inc said it's confident Chinese copper demand will continue to rise even as the nation hikes interest rates to cool inflation.
China Mining United Fund, a private company focused on mining-related investments, said on Wednesday it plans an initial public offer for its energy and gold assets this year, Reuters reported.
