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Chinese lenders may see a drop of 50 percent in profit growth this year as earnings generated from their net interest margin shrink and fee income growth slows.
The Chinese service sector grew at its fastest rate in six months in April, pushed by an increase in the number of new businesses in existence, a report from HSBC Holdings Plc said.
China's securities regulator planned to lower the threshold for fundraising and eased conditions for fund products in preparation for the launch of new financial instruments, official from the top watchdog said on May 4.
China’s investments are increasing at their slowest pace in 10 years. That is stirring up speculation that a new round of policy incentives, similar to a 4 trillion yuan ($634.7 billion) stimulus package in 2008, will be forthcoming.
Bilateral trade between China and Indonesia will keep expanding this year despite recent moves by Jakarta to curb foreign investment in the mining industry and limit raw mineral exports.
China's Ministry of Finance announced Friday that it will issue two batches of electronic savings bonds worth up to 30 billion yuan.
China on Friday issued a draft proposal on agricultural insurance regulations to solicit public opinion and promote the sound development of agricultural insurance.
Bonds issued by China's local government financing vehicles (LGFVs) surged in the first quarter of this year as urban construction continued to boost government demand for funding.
The United States may loosen its restrictions on high-tech exports to China, Minister of Commerce Chen Deming said at the fourth round of the China-US Strategic and Economic Dialogue.
Talks of increasing cooperation in the shale gas sector in Sino-US dialogue are expected to further tighten carbon emissions reduction ties between the two economies.
The European Union should loosen its restrictions on high-tech exports to China as soon as possible, a move that could help the region resolve debt problems and create benefits for both sides, said Chinese Vice-Premier Li Keqiang on Thursday.
Private investors can now trade renminbi bonds in London as the first yuan-denominated bond to be released outside of Chinese territory was listed on the London Stock Exchange this week.