China grants US$13.4b QDII quotas to 15 banks in 2006
2007-02-25 09:37:45
The State Administration of Foreign Exchange granted 15 banks overseas investment quotas totaling US$13.4 billion in 2006.
Central bank warns of increased pressure on price hikes
2007-02-18 13:49:40
The central bank has warned that there is increased pressure on price hikes in the coming year.
Banks may get OK to buy into HK funds
2007-02-18 10:14:12
China may let the mainland's commercial banks invest in Hong Kong-traded yuan derivatives and equity funds to boost returns.
Traders optimistic as stocks hit new high
2007-02-17 10:45:31
Shanghai's benchmark stock index sprinted past the 3,000-point mark yesterday for the first time before closing just below the historic level.
Nation drafts rules for new investment tool
2007-02-17 10:38:33
China is likely to allow its first-tier brokers to issue covered warrants for heavyweight stocks in the middle of the year.
Central bank raises deposit reserve ratio
2007-02-17 09:09:54
The required reserve ratio for financial institutes in deposit business will be raised by 0.5 percent from February 25 to 10 percent.
Shanghai index closes at record high
2007-02-17 09:14:47
The benchmark Shanghai Composite Index, closed at a record high of 2,998.47 points on Friday, up 5.46 points over the previous close.
Former D'Long executive convicted of illegal fund raising
2007-02-16 15:23:05
Zhang Yeguang, one of the executives in the bankrupt D'Long business empire, has been proved guilty of illegal fund raising.
China likely to replenish QFII quotas this year
2007-02-16 15:05:09
The State Administration of Foreign Exchange (SAFE) has approved investment quotas for two qualified foreign institutional investors (QFIIs).
Equity funds to get new life
2007-02-16 14:47:34
China will resume issuance of equity-investment funds late this month after a three-month hiatus.
Refinery project gets greenlight
2007-02-16 09:30:15
China has approved a plan by the China National Petroleum Corporation (CNPC) to build a huge refinery in Guangxi in South China.
Everbright Bank profit up 22%
2007-02-16 10:08:49
China Everbright Bank Ltd said profit rose 22 percent last year as it extended more loans and collected more fees from services.