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Ping An Insurance (Group) Co of China has no plans this year to raise capital, board chairman Ma Mingzhe told reporters, according to Friday's Guangzhou Daily.
The Industrial and Commercial Bank of China (ICBC), the world's biggest lender by market value, will adjust this year's total amount of lending, Yang Kaisheng, ICBC president and a member of the Chinese People's Political Consultative Conference, told chinadaily.com.cn Friday.
Dorji Tsedrup, mayor of Lhasa and a deputy to the National People’s Congress (NPC), China’s legislature, said economic development and social stability will be the top priority of the Tibetan capital in 2010.
The Chinese central government will not only make the "pie" of social wealth bigger by developing the economy, but will also distribute it better on the basis of a rational income distribution system, according to a government work report delivered Friday at the opening meeting of the annual full session of the National People's Congress, the country's top legislature.
The volume of renminbi loans this year will be increased by approximately 7.5 trillion yuan ($1.1 trillion), according to a government work report delivered Thursday at the opening meeting of the annual plenary session of the National People's Congress, the country's top legislature.
Mao Tse-tung Thought, developed by the People's Republic of China's founding father, is not outdated and should be put to use in the current information war, Mao Xinyu said Thursday on the sidelines of the annual National People's Congress in Beijing.
Reaching agreements on climate change will continue to be a key part of China's diplomatic work in 2010, said a government work report to be delivered by Premier Wen Jiabao on Friday morning at the convening of the annual National People's Congress.
China Banking Regulatory Commission chairman Liu Mingkang said bad loans in China's banking industry totaled 490 billion yuan ($71.78 billion) in 2009, which is the lowest ever. The previous low was more than 500 billion yuan.
Chinese political advisors Wednesday called for a stable currency during the annual full session of the country's top advisory body as the United States piled up pressure on yuan appreciation, the Securities Times reported on Thursday.
Beijing Shougang Steel Group realized a profit of 368 million yuan ($53 million) in 2009, down 10.44 percent year-on-year. Its earnings per share was 0.12 yuan, the company said in its annual report released Thursday, the National Business Daily reported.
Many property developers in major cities like Beijing and Shanghai have increased their supply or introduced favorable terms in an effort to end the sluggish sales of the last two months, the 21st Century Business Herald reported on Wednesday.
Export-Import Bank of China (China Eximbank) will not seek a listing but will remain a policy lender, the bank's chairman Li Ruogu told China Daily on Thursday.
