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Overseas institutional investors, the largest contributors among all investor types in the Hong Kong securities market, contributed 42 percent of total market turnover in 2009/10, compared to 38 percent in 2008/09, said a local survey released on Monday.
The risk of a surge in "hot money" is one of the reasons why China is unlikely to allow foreign companies to make yuan investments this year, even though a feasibility study was completed last year, said an unnamed source with the Ministry of Commerce (MOC).
Chinese shares closed higher Monday with the benchmark Shanghai Composite Index up 32.45 points, or 1.12 percent, to end at 2,932.25.
China has not yet set a timetable for allowing bank deposit rates to be set by market forces, Reuters reported Monday, citing the country's top banking regulator Liu Mingkang.
Soybeans fell the most in three months on speculation that monetary tightening in China and improving prospects for South American crops will lower demand for US supplies. Corn fell from a 31-month high.
China's banking regulator plans to require lenders to set up procedures to allow them to restore their finances in the event of a crisis, Bloomberg News reported Monday, citing a person with knowledge of the matter.
The value of China's currency, the yuan, hit a record high for the fifth straight trading day on Monday with the central parity rate at 6.5705 yuan per US dollar, according to the China Foreign Exchange Trading system.
China Everbright Bank will issue no more than 12 billion shares in Hong Kong, the bank announced Sunday.
A selection panel has been set up to identify and consider suitable candidates from the globe for appointment as Securities & Futures Commission (SFC) Chief Executive Officer (CEO), upon the expiry of the contract of incumbent Martin Wheatley in June, the Hong Kong government said Saturday.
China's banking regulator on Friday said the country's commercial banks had improved their capital adequacy at the end of last year.
China's banking regulator has asked banks to guarantee credit support for grain production and water projects this year, it said in a statement on its website Friday.
The Chinese securities regulator said on Friday that it has approved the trading of lead futures on Shanghai Futures Exchange.
