Listed banks' net profits rise 33% in 2010
2011-06-09 09:43:51
The consultancy firm Ernst & Young said on Wednesday that net profits of China's 17 listed banks rose 33 percent year-on-year to 687.3 billion yuan ($104.35 billion) last year.
Car sales stuck in low gear as sales tumble
2011-06-09 09:31:05
China's automobile market continued to slow down with further negative month-on-month passenger vehicle sales growth in May, sparking concern that it may have difficulty reaching its previous sales target of 20 million vehicles this year.
Some families refuse melamine money
2011-06-09 09:30:44
By the end of last year, the families of 272,000 victims of melamine-tainted milk and dairy products had signed up for one-time compensation payments, said a compensation fund manager.
High growth to continue: WB
2011-06-09 09:30:18
The economy will maintain its high growth levels and the government still has plenty of room to further tighten monetary policy, World Bank economists said on Wednesday.
Guochuang FOF's venture capital investment plan disclosed
2011-06-08 17:42:07
China's first national-level yuan-denominated fund of funds (FOF) -- Guochuang FOF -- will make venture capital investment totaling 670 million yuan ($104 million).
China annnounces cash-for-vehicles program
2011-06-08 17:37:00
Chinese ministries announced Wednesday the details of the country's new cash-for-vehicles program, which will allow automobile owners to receive up to 18,000 yuan ($2,769) for scrapping their unused vehicles this year.
China to speed up natural resource price reforms
2011-06-08 17:29:18
China will likely accelerate reforms of natural resource commodities pricing, according to a new proposal from the National Development and Reform Commission (NDRC), China Securities Journal reported Wednesday.
China under pressure amid imported inflation: NDRC
2011-06-08 17:26:24
China is under great pressure amid imported inflation triggered by soaring international grain prices and oil prices, a senior economic planning official said on Wednesday.
Hong Kong stocks close 0.91% lower
2011-06-08 17:18:26
Hong Kong stocks went down 207.04 points, or 0.91 percent, to close at 22,661.63 on Wednesday.
Nanning Baling becomes 1st failed IPO in China
2011-06-08 17:13:15
Nanning Baling Technology Co has become the first company in the 20-year history of the Chinese stock market to scrap its initial public offering after the formal launch after failing to draw sufficient interest from institutional investors,the Shanghai Securities News reported.
Foreign funds add holdings of Chinese drugmakers
2011-06-08 17:08:42
International financial institutions have recently increased their shares of pharmaceutical companies listed in Hong Kong H-share market, and analysts say the reason might be the outbreak of EHEC (enterohaemorrhagic E.coli) in Europe, Shanghai Securities News reported Wednesday.
China ups Japan long-term debt holdings
2011-06-08 16:51:02
China bought a net 1.33 trillion yen ($1.66 billion) in Japan long-term debt in April, which is the largest amount since January 2005, according to the data released by Japan's Ministry of Finance.