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Shanghai Stock Exchange, the Chinese mainland's largest bourse, plans to attract 50 new listings each year during the 12th Five-Year Plan period (2011-2015), the exchange's president said on Wednesday.
Chinese shares closed higher Wednesday with the benchmark Shanghai Composite Index up 2.21 points, or 0.07 percent, to 3,002.15, slightly above the market's psychological expectation of 3,000 points.
China should expand the use of its currency, the yuan, in cross-border trade and investment amid its efforts to internationalize the yuan, a senior banker said Tuesday.
China has reversed punitive reserve requirements imposed on several banks after getting them to rein in their lending, two sources told Reuters on Tuesday, an indication of success in a crucial part of the government's campaign to control inflation.
Chinese shares closed higher Tuesday with the benchmark Shanghai Composite Index up 3.73 points, or 0.12 percent, to end at 2,999.94.
Europe's biggest bank HSBC Holdings Plc may be planning to move its headquarters from London to Hong Kong.
The number of Chinese companies listing in the United States will surge by 50 percent this year after hitting a record high in 2010, said a senior partner of Ernst & Young on Monday.
China will further amend the rules for initial public offerings (IPO) and cut red tape involved in the approval process in a move to substantially increase the proportion of direct financing, the country's top securities regulator said on Monday.
The Industrial and Commercial Bank of China will double its lending to China's new strategic industries.
The central government will initiate a pilot insurance exchange in Shanghai, said Wu Dingfu, the head of the China Insurance Regulatory Commission (CIRC).
China stocks closed sharply higher and tested the key psychological marks Monday, lifted by investors' moves to buy shares of resources companies.
The People's Bank of China's (PBOC) Deputy Governor Yi Gang said the bank will stabilize liquidity at an appropriate level, China Securities Journal reported Monday.
