JP Morgan: QDII to reach US$90b next year
2007-08-08 08:39:41
The investment quota for QDII will reach US$90 billion next year, but huge overseas investments won't dampen domestic markets, Li Jing with the JP Morgan Chase said on Monday.
Stocks finish mixed, Shanghai index reaches new high
2007-08-07 16:48:38
Higher volatility ruled the market, as stocks listed in Shanghai outperformed the Shenzhen market and the index making new record.
Stock market value close to GDP, still has room to improve
2007-08-07 16:53:22
With prices of stocks leaping in recent weeks, the market value of the mainland's stocks has approached the nation's GDP, but the market can contribute more to China's economy.
China further boosts rural financial services
2007-08-07 16:59:57
The banking regulators on Monday further eased market access for banks to rural areas and removed some obstacles to the development of rural financial services.
China Merchants Bank opens private banking center
2007-08-07 16:56:26
The head office of China Merchants Bank opened a private banking center on Monday, providing its clients with personalized private banking services.
Container major acquires HK firm
2007-08-07 16:27:48
China International Marine Containers, the country's largest shipping container company, yesterday announced that it bought a 42.18 percent stake in Enric Energy Equipment Holdings Ltd for HK$1.13 billion.
Bank of Ningbo net surges
2007-08-07 16:31:03
Bank of Ningbo Co Ltd, a Chinese lender which raised 4.14 billion yuan in an IPO last month, said audited first-half profit surged 41 percent on higher loans to domestic companies.
Asset prices may keep rising in 2nd half
2007-08-07 08:52:09
China's asset prices are likely to continue rising in the second half, said Fan Jianping, director of the economic prediction department under the State Information Center.
CBRC issued guideline for rural credit
2007-08-07 08:58:01
The China Banking Regulatory Commission has issued a guideline for the development of microcredit in rural areas, another important policy move to improve rural financing.
Question mark over Angola project, says Hangxiao Steel
2007-08-07 08:49:43
Hangxiao Steel Structure said yesterday the 34.4 billion yuan construction project, which it was to undertake in Angola, has run into rough weather as a result of an unexpected delay.
Riding the bull is certainly not easy sport
2007-08-07 08:41:50
It's a record: 13 million yuan in 103 days. That won Wang Xiujie a sobriquet: "Big Brother Leader 777". But the nouveau riche's story didn't end like a fairy tale.
Strong sales drive up profits by 66 percent
2007-08-07 08:46:05
China's top 16 automotive groups chalked up a two-thirds increase in first-half combined profits, boosted by buoyant vehicle sales, an industry association said yesterday.