Yuan reform pace remains 'unchanged'

2011-02-21 09:31:19

China's pace in internationalizing its currency remains "unchanged" despite calls on the country to quicken the process, central bank chief Zhou Xiaochuan said.

More cities limit home purchases to cool property market

2011-02-21 10:50:02

Shanghai and several other Chinese cities have moved to restrict home purchases in a bid to deflate bubbles in the real estate market.

Villas still give investors home comforts

2011-02-21 09:49:07

Villas have become especially attractive to speculators who have become used to making a quick buck from a market that seemed to be forever on an upward trajectory.

Chinese VP urges sound and fast growth of tourism

2011-02-21 09:21:57

Chinese Vice-Premier Wang Qishan on Sunday called for a sound and fast development of the nation's tourism industry as he called it "a strategic pillar" of the national economy.

Fuel prices rise by 4.5%

2011-02-21 09:19:28

Retail gasoline and diesel prices were raised on Sunday, the second increase in two months, in a bid to tame rising domestic fuel demand amid surging crude oil prices on the international market.

Regulator warns against improper behavior in outbound trips

2011-02-19 17:45:51

China's National Tourism Administration (NTA) said Friday that it had urged local authorities to improve the management of outbound tour groups to avoid improper behavior.

HK launches global recruitment for CEO of SFC

2011-02-19 13:18:41

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.

Chinese banks' capital adequacy improves in Q4

2011-02-19 11:32:36

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 1st ocean economic zone signs deals worth $38b

2011-02-19 11:22:00

China's first ocean economic zone off the eastern Shandong province on Friday signed a package of deals that include 23 programs valued at 255 billion yuan ($38.6 billion).

Lead-acid battery makers targeted in clean-up campaign

2011-02-19 11:20:00

China's environment authorities will launch a campaign this year to clean up lead-acid battery manufacturing, which has been blamed for a spate of child lead poisoning cases.

BOC to launch securities sale, repurchase facilities in HK

2011-02-19 11:19:11

Bank of China (Hong Kong) will launch securities sale and repurchase facilities to RMB-participating bankson Feb 21.

Sky's the limit for Wenzhou's whirlybirds

2011-02-19 11:16:23

A Wenzhou-based auto parts manufacturer has obtained approval from European regulators to jointly manufacture with Eurocopter the first luxury commercial helicopter in China next year, amid growing interest in aviation in the country.