The China Banking Regulatory Commission (CBRC) has tightened the rules on the issuance and use of credit cards to limit misuse in the business.
SHANGHAI - SAIC Motor Corp, China's largest carmaker, jumped to the highest level in a month in Shanghai trading on speculation the company's shares are undervalued as economic growth will sustain industry earnings.
Stocks on the Chinese mainland rose, led by copper producers and automakers, as investors bought shares of companies that will benefit from an improving global economy.
France is trying to engage China in a push to reform the international monetary system and is preparing for a seminar on the topic in China at the end of March.
BEIJING - The China Banking Regulatory Commission (CBRC) has tightened the rules on the issuance and use of credit cards to limit misuse in the business.
China has not decided the commercial banks' annual lending limit for 2011 yet, Liu Mingkang, chairman of the country's top banking regulator said in Davos on Jan 26, China Securities Journal reported Thursday.
China's banking watchdog said Wednesday Chinese domestic commercial banks' balance of non-performing loans (NPL) decreased 14 percent through 2010 to stand at 429.3 billion yuan ($65.17 billion) at year-end.
A pilot art market opened Wednesday in north China's Tianjin city to allow small investors to buy shares in the ownership of art works previously traded only in auction houses by the super rich.
Three commercial banks in Beijing have abolished the 15 percent interest rate discount on first housing loans, the Beijing Times reported Tuesday.
The China Securities Regulatory Commission issued a draft regulation for foreign investors under the Qualified Foreign Institutional Investors program to trade stock index futures in a move to further open the country's financial market.
Property prices are unlikely to fall this year and are expected to rise, at least in the short term, despite tightening monetary policies and the expected availability of more affordable housing.
China's commercial banks have issued 1.2 trillion yuan ($182.3 billion) of new loans in January, accounting for as much as 17 percent of the estimated full-year 2011 quota, China Business News said on Wednesday.