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Chinese shares closed higher Monday with the benchmark Shanghai Composite Index up 26.49 points, or 0.92 percent, to end at 2,905.05.
China's interest-rate swaps declined to the lowest level in more than two weeks on speculation the availability of cash will improve as the central bank injects money into the financial system, Bloomberg reported Monday.
Hutchison Whampoa Ltd, controlled by billionaire Li Ka-shing, is seeking $5.83 billion from the sale of Chinese port assets in what may be Singapore’s biggest initial public offering (IPO), Bloomberg reported Monday.
Asian stocks fell last week amid concern instability in the Middle East and North Africa may derail a global economic rebound, reversing gains the previous week on signs the recovery was strengthening.
Output of natural rubber from so-called key producing countries is forecast to grow 4.8 percent to 9.77 million metric tons in 2011, the Association of Natural Rubber Producing Countries said in a monthly bulletin. The group's members account for 92 percent of global production.
Chinese Premier Wen Jiabao said Sunday the country will push forward the yuan's exchange rate reform in a prudent and gradual manner to ensure social stability.
China will study whether it is feasible for local governments to issue bonds, the Shanghai Securities News reported Monday. The Ministry of Finance is currently the only organization which can issue bonds on behalf of local governments.
China's authorities are preparing for overseas companies wishing to float shares in China's A-share market. Foreign players are expected to list on the Shanghai international board in the second half of this year.
China's excessively large trade surplus is the source of inflation and multiple measures should be taken to deal with inflation, said Yi Gang, the vice-governor of the People's Bank of China (PBOC) and head of the State Administration of Foreign Exchange.
China's returns on its foreign exchange investments are dropping because of the global interest rate environment and the prospects for improvement are not good, Bloomberg reported Saturday citing People's Bank of China vice-governor Yi Gang.
The China Banking Regulatory Commission (CBRC) indicated they would gradually carry out a differentiated regulatory policy on small-sized enterprises' financial services, stcn.com reported Friday.
Chinese shares closed mixed Friday with the benchmark Shanghai Composite Index down 0.04 points, or 0.00 percent, to end at 2,878.57.
