Finance&Economy»
BRICS Group Eyes Joint Development Bank
2012-03-29The BRICS group of emerging economies-Brazil, Russia, India, China and South Africa—is set to outline plans for a joint development bank during the fourth BRICS Summit on March 28-29
Finance »
- China Funds Outstanding for Foreign Exchange Declines for First Time in April
- 2012-05-16
- China’s funds outstanding for foreign exchange reserves declined for the first time in the year in April, largely driven by capital outflows
- New Loans by China’s Big Four Banks Near Zero in Early May
- 2012-05-16
- China’s biggest four banks have posted nearly zero growth in new loans for the first two weeks of May, extending the country’s weak credit growth last month
- SEC Charges China Natural Gas, Chairman with Fraud
- 2012-05-15
- The U.S. Securities and Exchange Commission charged China Natural Gas Inc. (CHNG) and its chairman and former chief executive, Ji Qin’an, with fraud by concealing loans designed to benefit his family.
- China Broadens Insurance Investment Scope
- 2012-05-15
- Chinese insurers now can buy exchange-traded unsecured corporate bonds issued via a bookbuild, debt financing vehicles for non-financial companies, and unsecured convertible corporate bonds issued by commercial
- China Eases QFIIs Qualification; Not to Introduce Hedge Funds
- 2012-05-14
- The CSRC isn’t considering offering hedge funds, widely criticized for stoking volatility in markets, direct access to China’s markets
- Wenzhou Private Lending Shrinks Amid Debt Crisis
- 2012-05-14
- About 100 debt-ridden business owners in the city fled in the wake of a credit crunch that has cut off the only source of funding for many private companies last November
- Chongqing to Pilot New Financing Channels for Microlenders
- 2012-05-11
- The municipal government of Chongqing in southwest China has rolled out trial plans to expand financing channels for microlenders, or micro-credit companies.
- Pension Funds to Take Priority in CSRC QFII Review: Official
- 2012-05-09
- The CSRC will continue expanding the CSRC scheme and speeding up the approval of QFII to allow more foreign capital into the country’s securities markets.
Economy »
- April FDI $8.4Bln, 6th Straight Monthly Decline
- 2012-05-15
- FDI declined 0.74 percent from a year ago to 8.4 billion U.S. dollars this month, today’s data showed, compared with a drop of 6.1 percent in the previous month.
- China New Yuan Loans at CNY681.8Bln; New Deposits Down
- 2012-05-11
- Chinese financial institutions extended 681.8 billion yuan in new loans in April, down from 1.01 trillion yuan in March
- China’s CPI Up 3.4% in April, PPI Down 0.7%
- 2012-05-11
- China's CPI grew 3.4 percent year-on-year in the month after it picked up last month with a 3.6 increase
- China Investment Halts European Debt Buying
- 2012-05-10
- China Investment Corp, the nation’s sovereign wealth fund, has stopped purchasing of European debt, though it continues to seek new investment in the continent
- Ernst&Young: China Remains World’s No.1 Investment Attraction
- 2012-05-09
- The report also showed Chinese executives are more upbeat about the global prospects with 70% of respondents see the global economy improving.
- China, U.S. Agreed to Let Market Decide Exchange Rate: Central Bank Governor
- 2012-05-04
- “The two sides have some views in common. They both want to reduce global imbalances….They both think that exchange rate should be determined by a market system”
- China Stays on US "301 Special" Watch List
- 2012-05-04
- China has been a frequent visitor to the "Priority Watch List" , which is also known as the list of "Bad Guys".
- U.S. Geithner Reportedly Promises “Substantial” Changes in Lifting High-Tech Export Barriers
- 2012-05-04
- The main reason for U.S.-China trade imbalances was that the U.S. has until now still imposed restriction on exports of as much as more than 2,400 products, according to Chen Deming.
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