- Banks Rise on News of Eased Lending
While the overall market dipped slightly, Chinese banks got a boost from news that the government is raising limits on commercial lending.
- Finance & Economy Oct. 27 to 31
Finance & Economy Oct. 27 to 31: Central Bank Cut Interest Rates, Beijing University Set up National School of Development, Zhengzhou Government Buys Housing, Interest Income Taxes Waived and more
- Reports of Slow 3Q Pulled Down Market
The Shanghai Composite Index fell 1.97 percent October 31, to close at 1728. A recent lowering of interests rates seemed to have little effect.
- Finance & Economy Oct. 20 to 24
Finance & Economy Oct. 20 to 24: GDP rise, fund performance, lending to SMEs, Jianyin investment, mortgage interest rate, Citic's forex contracs, American T-bonds, export tax rebate, Korean bailout plan
- CITIC Pacific's Forex Disaster
An internal audit committee from CITIC Pacific pinned the blame for the staggering losses on the financial director and financial controller。
- CITIC Pacific Facing Forex Losses
The Hong Kong-listed arm of CITIC says it expects as much as HK$ 14.7 billion in losses from leveraged foreign exchange contracts.
- The Current Economic Slowdown
The current economic downturn is unlikely to deteriorate the over-capacity problem or result in deflation.
- Reserve Contradicts CIC’s Claim
CIC is not guaranteed to receive the full principal on its investment in the Reserve’s Primary Fund, according to a recent Reserve press release.
- CIC Denies Losses
China Investment Corporation says it will reclaim fully on its investments in the Fund.
- Red Flags Fly Over Stock Buybacks
A well-intentioned stock buyback program on China’s A-share market is apparently breeding a new variety of insider trading.