Foreign banks 'confident' about China
2011-06-23 10:41:33
Despite increasing funding constraints, foreign banks operating in China are still "surprisingly confident" about their prospects in the Chinese market. That's according to a report released by PricewaterhouseCoopers (PwC) International Ltd.
10 trust firms to trade stock index futures
2011-06-22 16:25:49
The first batch of ten trust companies, including Shanghai Trust Co Ltd, Huarun Trust Co Ltd, and Hwabao Trust Co Ltd, will trade the stock index futures, China Securities Journal reported Wednesday, citing a relevant source.
New rules open fund industry to more players
2011-06-22 13:51:12
China's securities watchdog loosened restrictions on the country's fund industry on Tuesday to allow more players to sell fund products while domestic mutual funds are struggling to issue new shares in a sluggish market.
BofA may offload half CCB stake
2011-06-22 13:50:37
Bank of America Corp may sell some of its $21 billion stake in China Construction Bank Corp (CCB) to bolster capital before new international standards take effect, said three people briefed on the plans.
China home prices to rise: Expert
2011-06-22 13:45:55
China's home prices will rise steadily this year despite government efforts to curb speculation and cool the red-hot real estate market, said Meng Xiaosu, advisory chairman of the country's biggest state developer.
UnionPay, Huaxia Bank jointly tap mobile payment market
2011-06-22 13:23:09
China UnionPay, one of the world's leading bank card associations, said it has signed a framework agreement with Huaxia Bank to cooperate in the field of cell-phone payment.
Shares rebound as market adjusts
2011-06-22 11:19:25
Stocks on the Chinese mainland rose, with the benchmark index climbing the most in a week, as property and cement companies rallied on an improving profit outlook and on speculation the market's slide has been excessive.
NSSF to be PICC 'sole investor'
2011-06-22 10:20:53
China's National Social Security Fund, which has invested 10 billion yuan ($1.55 billion) to buy an 11 percent stake in the People's Insurance Co (Group) of China (PICC), will be PICC's sole investor before the insurer's planned listing, according to a source who was involved in the deal but declined to be named.
CBRC says no plan to ban commercial bank expansion
2011-06-22 09:18:54
China Banking Regulatory Commission (CBRC) Tuesday said it has no plan to suspend approving domestic lenders' establishment of new branches.
Dot-Com becoming Dot-Con?
2011-06-22 07:53:48
Investors are beginning to shun Chinese Internet stocks following reports of accounting irregularities.
Bottled water IPO to soak up funds
2011-06-21 15:13:25
Tibet 5100 Water Resources Holdings Ltd, the Chinese provider of premium bottled mineral water, began looking to raise up to HK$1.6 billion ($205.3 million) in an initial public offering on Monday.
Rising yield leads rate hike expectations in China
2011-06-21 15:14:26
The People's Bank of China on Tuesday auctioned 1 billion yuan of one-year bills at a yield of 3.4019 percent, heightening speculation of an approaching interest rate hike.
