- News AM July 31
Rizhao Port Sees Iron Ore Imports Declining; First Mainland Company Invests in Taiwan; Citic Securities Sees No Stock Bubble
- CBRC Releases Draft Rules on Working Capital Loans
Under a new draft rule aimed at barring working capital loans from asset markets, banks must give a single loan of more than 10 million yuan directly to final recipients, instead of a borrower.
- News PM July 30
China Eastern to Add Four Cross-Straits Routes; China Jinchuan to Buy Zambia Nickel Mine; State Construction Chairman Defends IPO Price
- News AM July 30
BHP to Sell 23% of Iron Ore Output Via Long-term Contracts; CDB Opens Hong Kong Branch; 'Wanted List' for 15 Urumqi Riot Suspects
- China Aims to Expand Rural Financial Network
As of June 31, 2009, there were 118 rural financial institutions in China, including 100 rural banks, seven lending companies, and 11 rural mutual cooperatives. China opened its rural financial market to private capital at the end of 2006.
- News PM July 29
Agricultural Bank H1 New Lending Triples; CNPC Says Algeria Refinery Starts Operations; Train Derails in Southern China, Four Dead
- Central Bank 1-Yr Bill Yield Rises
The People's Bank of China issued one-year bills with a higher yield on July 28, apparently to reduce excess liquidity by locking up funds in the market.
- News AM July 29
State Construction Surges on Shanghai Debut; CDB Issues Yuan Bonds in Hong Kong; Midea Plans 3 Bln Yuan Rights Issue
- CCB to Cap H2 Loans Amid Concerns of Bad Loans
China Contruction Bank, the world's second-largest bank by market value, will rein in lending amid concerns of asset bubbles and bad loans. The Industrial and Commercial Bank of China made a similar decision earlier this month.