PBOC cuts yuan clearing interest rates in HK
2011-04-02 10:11:42
BOC Hong Kong (Holdings) Ltd said China's central bank has lowered the yuan clearing interest rate in Hong Kong by 27 basis points to 0.72 percent, effective Friday.
Shanghai launches prosperity index
2011-04-02 09:15:40
Shanghai on Friday signed an agreement to launch the city's first financial prosperity index. The agreement underscores the city's determination to become an international financial center by reflecting the development of, and problems with, its financial sector.
ChiNext Index closes up -- April 1
2011-04-01 16:27:09
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, rose 6.78 points, or 0.67percent, to 1,015.08 Friday.
China stocks close higher Friday
2011-04-01 15:32:04
Chinese shares closed higher Friday with the benchmark Shanghai Composite Index up 39.3 points, or 1.34 percent, to 2,967.41.
Reserve currency status has long-term costs: PBOC chief
2011-04-01 15:09:43
Issuing a global reserve currency gives countries some benefits in the short term, but this special status may harm their long-term economic development, China's central bank chief said in a statement on Friday.
China's first onshore yuan options quoted in line with offshore
2011-04-01 14:49:53
Several major Chinese and foreign banks conducted China's first onshore yuan/dollar options on Friday, with the options' volatilities quoted in line with offshore yuan/dollar options, traders said.
Central bank adviser sees more rate hikes this year: Report
2011-04-01 14:09:24
China will likely raise interest rates further this year in a bid to squelch stubborn inflation and bring real deposit rates back into positive territory, the China Securities Journal reported on Friday, citing an adviser to the Chinese central bank.
Citi plans more investment in branch network
2011-04-01 13:15:47
Citibank,the New York-based consumer banking division of Citigroup Inc, plans to increase investment in its branch network in Asia this year.
Rothschild venture taps China private equity demand
2011-04-01 11:14:53
Financier Jacob Rothschild has launched a $750 million private equity fund to help Chinese investors to take part in international deals.
China UnionPay, CCB launch dual-currency credit card in HK
2011-04-01 11:15:31
China Unionpay, a national bank card association, and China Construction Bank (Asia) on Thursday launched a dual-currency credit card in Hong Kong to facilitate card holders who travel across the mainland and Hong Kong.
Cities miss home price deadline
2011-04-01 10:35:11
Only roughly one-eighth of Chinese cities revealed their property price-growth targets on Thursday - the deadline set by the central government. However, industry analysts said a move such as targets is unlikely to curb property price growth.
China Citic Bank says profit up 50% in 2010
2011-04-01 10:30:57
China Citic Bank said on Friday its 2010 net profit jumped 50.2 percent year-on-year to 21.5 billion yuan ($3.3 billion).
