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The Chinese currency renminbi (RMB), or the yuan, on Monday strengthened to an all-time high of 6.5651 per US dollar, according to the China Foreign Exchange Trading System.
China is cutting the size of outstanding bank loans to local government financing vehicles, Liu Mingkang, the head of China's bank regulatory body, was quoted as saying on Monday.
Chongqing, one of the pilot cities for a property tax, promised on Friday that the tax will not apply to people on low incomes.
China will continue to increase the use of its currency renminbi in cross-border trade and investment this year, says a government work report to be delivered by Premier Wen Jiabao at the annual session of the national legislature on Saturday.
The Chinese government will firmly curb the excessively rapid rise of housing prices in some cities this year, says a government work report.
China International Capital Corp (CICC), China's largest joint-venture investment bank, is in talks with a few overseas companies planning to list shares on the A-share market, Li Jiange, CICC's president told China Daily on Friday.
Stocks on the Chinese mainland fell on Thursday, driving down the benchmark index by the most in a week, on concern higher material prices will fuel inflation and the government's tightening policies are slowing the world's second-biggest economy.
The Chinese currency renminbi (RMB), or the yuan, on Friday strengthened to an all-time high of 6.5671 per US dollar, according to the China Foreign Exchange Trading System.
Chinese banks extended less than 600 billion yuan ($91.31 billion) in new loans in February, the China Securities Journal reported on Friday quoting industry sources.
China International Capital Corporation and Nomura Securities Co have agreed to buy a 2.5 percent stake each in New China Life Insurance Co (NCI) from Zurich Financial, industry sources said.
The People's Bank of China (PBOC), the central bank, said Thursday the financial market remained stable in January this year with inter-bank bond issuance up 65 percent year-on-year.
The trial run of yuan-based cross-border trade settlement is likely to be expanded to all mainland cities by this year, Shanghai Securities News reported Wednesday, citing Hu Xiaolian, vice-governor of the People's Bank of China, the central bank.
