Watchdog praises banks for fighting graft
2007-08-08 08:45:03
Banks made more effort and achieved better results in the second quarter in their fight against malpractice and graft, the financial watchdog said yesterday.
China Development Bank to go commercial
2007-08-06 13:14:50
China Development Bank, the country's largest policy-oriented lender, has worked out a plan to transform itself into a commercial bank.
China unit of JPMorgan wins QDII nod
2007-08-06 10:42:14
China International Fund Management Co, part-owned by a unit of JPMorgan Chase & Co, has won regulatory approval to invest overseas as the government seeks to stimulate the outflow of capital.
China, U.S. eye cross-border listing
2007-08-06 10:38:53
Chinese and U.S. officials are holding meetings aimed at bringing accounting methods in line to eventually allow cross-border share market listings between the two countries.
Central bank moves on deposit insurance
2007-08-03 16:42:12
China's central bank said it will set up a deposit insurance to guarantee savings and protect depositors as it seeks to instill public confidence in the country's financial system.
Regulator to boost stake in New China Life
2007-08-03 09:07:20
The nation's insurance regulator has paid 576.77 million yuan to boost its stake in New China Life Insurance and become the biggest shareholder of the company.
Going slow on broker reform
2007-08-03 08:53:27
China should only open up its securities industry gradually and not allow foreign players to set up wholly owned subsidiaries in the near term, said a research report released by the Shenzhen Stock Exchange.
China's GDP figures on high side
2007-08-03 08:56:31
The combined total of GDP figures released by China's provincial-level governments for the first half year has added up to 11.92 trillion yuan.
Investors tap savings for trades in equities
2007-08-02 09:10:06
Shanghai's banking regulator said Tuesday that savings account withdrawals more than doubled in the first half, as cash was apparently lured away by the booming stock market.
China authorises first JV fund as QDII
2007-08-02 09:03:35
China's Harvest Fund Management Co. Ltd has become the first joint venture fund approved as a qualified domestic institutional investor authorized to invest overseas, and is set to launch its first offshore fund.
New fund investors outnumber stock fans
2007-08-01 16:34:58
Chinese investors opened more new mutual fund accounts than stock accounts on Monday for the first time since May 31, according to statistics from China's clearing house.
Yuan steady despite pressure
2007-08-01 10:15:45
The yuan remained relatively stable despite anticipated pressure from the United States while its Treasury Secretary Henry Paulson visits Beijing.