China's banks might extend over 500 billion yuan ($76 billion) worth of new loans in February, the China Securities Journal reported Thursday.
The launch of an international board in Shanghai will not diminish Hong Kong's attractiveness to the mainland and foreign listings in the near term, said a former stock market regulator who used to serve on both sides.
Chinese mainland distillery, Dukang Distillers Holdings Limited, began issuing 130 million units of Taiwan depository receipts (TDRs) on the Taiwan Stock Exchange (TWSE) at NT$18.65 (63 cents) per unit on Wednesday.
Indian private-owned leading telecom operator Reliance Communications Wednesday said that it had signed the final document to tap $1.93 billion loans from Chinese lender China Development Bank (CDB).
Gansu-based Baiyin Nonferrous Metals Corporation (BNMC), China's leading nonferrous metals producer, is planning a listing on the Shanghai stock exchange this year, in a bid to invest in overseas mining resources.
Bank of China, one of the country's top four lenders, expected to grow its loan business at a double digit rate this year, its chairman said Wednesday.
China's biggest mining companies are selling the most bonds among the largest emerging economies this year, tapping demand from investors attracted by the highest relative yields since 2009.
China's Dalian Commodity Exchange will launch coke futures trading this year to provide new hedging tools for the industry, Liu Xingqiang, general manager of the exchange, told reporters here on Wednesday.
Shanghai Stock Exchange plans to attract 50 new listings each year during the 12th Five-Year Plan period (2011-2015).
Chinese shares closed higher Wednesday with the benchmark Shanghai Composite Index up 2.21 points, or 0.07 percent, to 3,002.15, slightly above the market's psychological expectation of 3,000 points.
China has reversed punitive reserve requirements imposed on several banks after getting them to rein in their lending, two sources told Reuters on Tuesday, an indication of success in a crucial part of the government's campaign to control inflation.
Europe's biggest bank HSBC Holdings Plc may be planning to move its headquarters from London to Hong Kong.