Markets hit by uncertainty - May 16
2011-05-17 10:08:23
Stocks on the Chinese mainland fell for the third time in four days on Monday.
Shanghai bank granted license in HK
2011-05-17 09:36:29
The Hong Kong Monetary Authority has granted a banking license to Shanghai Pudong Development Bank, the authority said Monday in a statement.
Hong Kong stocks close down 1.36%
2011-05-16 16:44:52
Hong Kong stocks closed down 315.64 points, or 1.36 percent, at 22,960.63 on Monday.
PICC to bring in strategic investors
2011-05-16 16:35:45
People's Insurance Company (Group) of China (PICC) still has no timetable for its overall listing. Despite that fact, the company will soon settle with its strategic investors, China Business News reported Monday.
Hong Kong's foreign assets up HK$27.5b in April
2011-05-14 11:13:35
The Hong Kong Monetary Authority (HKMA) said on Friday that the city's foreign assets increased HK$27. 5 billion ($3.54 billion) to HK$2,114.4 billion by the end of April.
China to float 182-day discount T-bonds next week
2011-05-14 10:44:57
China's Ministry of Finance (MOF) said Friday that it will sell 9.63 billion yuan ($1.48 billion) in 182-day book-entry discount treasury bonds next week.
Assets of China's banking industry hit 101.2t yuan
2011-05-14 10:43:31
Assets of China's banking financial institutions rose in value 18.9 percent year-on-year to 101.2 trillion yuan ($15.57 trillion) by the end of March, the country's banking regulator said Friday.
Yuan-funds plan floated by regulator
2011-05-14 10:09:04
The Chinese mainland plans to introduce a program "as soon as possible" to let its financial companies in Hong Kong start yuan funds that will invest in mainland stocks.
'Undervalued' yuan blamed for EU deficit
2011-05-14 09:39:29
The EU's head of foreign policy, Catherine Ashton, has said an "undervalued" yuan is one of the reasons for the EU's "large bilateral trade deficit" with China.
Gold price closes higher in Hong Kong - May 13
2011-05-13 17:22:31
The gold price in Hong Kong moved up HK$212 to close at HK$14,060 per tael on Friday, according to the Chinese Gold and Silver Exchange Society.
Commercial banks' NPL hit 433b yuan
2011-05-13 16:43:43
Non-performing loans (NPL) in China's commercial banks hit 433.3 billion yuan ($66.67 billion) at the end of the first quarter, a decrease of 300 million yuan from the end of last year, China's banking regulator said in Beijing on Friday.
Hong Kong stocks close up 0.88% - May 13
2011-05-13 16:33:43
Hong Kong stocks closed up 202.51 points, or 0.88 percent, at 23,276.27 on Friday.
