Wal-Mart to invest in China's e-commerce store
2011-05-14 13:43:51
US retailer giant Wal-Mart said on Friday that it has signed a deal to buy a minority stake in China's emerging online store Yihaodian.
China Unionpay, Ping An sign strategic co-op agreement
2011-05-14 11:21:41
China Unionpay, a national bank card association, and Ping An Insurance (Group) Co signed a strategic cooperation agreement on Friday to increase their influence in each other's industries.
Hong Kong's foreign assets up HK$27.5b in April
2011-05-14 11:13:35
The Hong Kong Monetary Authority (HKMA) said on Friday that the city's foreign assets increased HK$27. 5 billion ($3.54 billion) to HK$2,114.4 billion by the end of April.
HK's economy expands 7.2% in Q1
2011-05-14 10:59:15
Hong Kong's economy expanded robustly in the first quarter this year, with its Gross Domestic Product (GDP) up 7.2 percent from a year ago, said the Hong Kong government on Friday, who forecast an GDP increase of about five to six percent for the whole year of 2011.
China to float 182-day discount T-bonds next week
2011-05-14 10:44:57
China's Ministry of Finance (MOF) said Friday that it will sell 9.63 billion yuan ($1.48 billion) in 182-day book-entry discount treasury bonds next week.
Assets of China's banking industry hit 101.2t yuan
2011-05-14 10:43:31
Assets of China's banking financial institutions rose in value 18.9 percent year-on-year to 101.2 trillion yuan ($15.57 trillion) by the end of March, the country's banking regulator said Friday.
Int'l buyers flock to S China for cultural fair
2011-05-14 10:38:50
Nearly 12,000 buyers from 89 countries and regions are attending a cultural expo that opened Friday in south China's Guandong province, the expo organizer said in a statement.
Industry uses sea as giant 'trash can'
2011-05-14 10:27:20
Pollution has further damaged China's coastal waters through oxygen depletion caused by excessive growth of algae and waste discharge, according to a report released by the State Oceanic Administration (SOA) on Friday.
Power crisis forces halt to diesel exports
2011-05-14 10:17:59
China will halt diesel exports to guarantee domestic supply of the fuel as electricity outages continue to put pressure on the country's power supplies.
Yuan-funds plan floated by regulator
2011-05-14 10:09:04
The Chinese mainland plans to introduce a program "as soon as possible" to let its financial companies in Hong Kong start yuan funds that will invest in mainland stocks, according to an official at the securities regulator.
Argentine soy oil imports to be increased
2011-05-14 10:02:14
China will buy 500,000 tons of Argentine soy oil, said Argentina's Foreign Minister and China's Commerce Minister on Thursday.
Energy and mining stocks boost markets
2011-05-14 10:01:11
Stocks on the Chinese mainland rose on Friday, driving the benchmark index to its biggest gain in a month.