Chinese listed companies raised 1.02 trillion yuan ($154.8 billion) of funds through their financing activities in the A-share stock markets last year, the China Securities Regulatory Commission (CSRC) said Friday.
China's bankcard transactions jumped 46 percent to 11.2 trillion yuan ($1.67 trillion) in 2010 from a year earlier, according to latest figures by China UnionPay Co Ltd (CUP) Friday.
Stocks on the Chinese mainland fell, erasing the benchmark index's gains this year.
China will encourage listed commercial banks to trade bonds on the stock exchanges in a move to substantially increase the proportion of direct financing, the country's top securities regulator said on Friday.
China's bankcard transactions jumped 46 percent to 11.2 trillion yuan ($1.67 trillion) in 2010 from a year earlier, according to latest figures by China UnionPay Co Ltd (CUP) Friday.
The Chinese yuan strengthened to a record high against the US dollar Friday, the central parity rate reaching 6.5896, the second straight day it has been set below 6.6 per dollar.
China will increase the flexibility of its yuan exchange rate and further push forward the opening-up of its financial markets, a senior central bank official said Friday.
Fund managers keen on equity investments in fast-growing sectors.
China's four biggest State-owned commercial banks issued credit totaling 240 billion yuan in the first ten days of January, National Business Daily reported Friday, citing interbank data.
Chinese shares gained for the third consecutive day Thursday, with the benchmark Shanghai Composite Index up 0.23 percent, or 6.41 points, to end at 2,827.71.
China's first gold-backed exchange-traded fund (ETF) has raised more than 3.2 billion yuan ($483 million) after the fund closed its subscription on Monday.
JP Morgan Chase & Co (JP Morgan) will finish preparatory work for its recently-authorized Chinese securities joint venture in the second quarter, Shao Zili, chairman of the company's greater-China area operations, said Thursday.