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BNP Paribas, one of the world's six leading banks and the eurozone's largest bank by deposits held, doubled its revenue in China in 2010, said a senior executive on Tuesday.
Chinese shares closed up Wednesday with the benchmark Shanghai Composite Index up 29.34 points, or 1 percent, to 2,948.48.
China is facing strong inflationary pressure, but will tread cautiously in raising interest rates, said Yi Gang, a deputy governor with the People's Bank of China.
LontohCoal, a South African coal company, planned to launch an initial public offering on the Main Board in Hong Kong in the second half of this year, chief executive officer Tshepo Kgadima said on Tuesday.
Stocks on the Chinese mainland rose for a third day on speculation higher borrowing costs will bolster bank profits and concerns eased that the Japanese nuclear crisis may curb regional economic growth.
China UnionPay Co Ltd (CUP), a bankcard services provider, said Tuesday it has reached an agreement with Taiwan-based Chinatrust Commercial Bank (CTCB) that further expands the acceptance of CUP bankcards by merchants in Taiwan.
Micro-credit companies mushroomed in China in recent years, China's central bank said Tuesday. The number of micro-credit companies increased to 2,614 by the end of 2010, from fewer than 500 in 2008.
China's securities regulator announced Tuesday that it has approved coke futures trading on the Dalian Commodity Exchange.
China will accelerate the development of its over-the-counter (OTC) stock market by first opening it to qualified high-tech firms and then expanding participation to other sectors, local media said on Tuesday.
Starr Investments, a firm run by former AIG chief Maurice Greenberg, has sued China MediaExpress Holdings , saying it was fraudulently induced to invest about $13.5 million in the firm, court documents show.
Chinese shares closed up Tuesday with the benchmark Shanghai Composite Index up 10.01 points, or 0.34 percent, to 2,919.14.
China took a fresh step on Monday to promote use of the yuan outside the mainland, giving approval to another batch of overseas banks to trade in the onshore bond market using yuan accumulated overseas.
