Standard Chartered Becomes First Foreign Bank for Yuan Settlement
Cross-border yuan settlement in Shanghai has exceeded 39 million yuan since early July.
News PM September 1
China Pacific to Focus on Insurance; Sinopec Sets up Joint Venture with Mitsubishi; Sichuan-Tibet Railway to Start Soon
China Trade Surplus with EU Erodes
Weak demand from the EU, China's biggest trading partner, led to a big drop in China's trade surplus with the region.
China Papers to Become Corporate Entities by End-2011
China's newspapers get a rewrite as many of them will become real businesses in about two years.
News AM September 1
Four Biggest Banks Lend Less in August; Suning Appliance to Open Hong Kong Stores; Qinhuangdao Port Coal Prices Rise
News PM August 31
China Stocks See Largest Daily Drop for 2009; China Merchants Bank Expects Recovery; iPhone Comes to China on Sept. 28
China Pacific H1 Profit Down 57%
Falling investment returns dragged down first-half net profits for China's third largest insurer.
Mengniu Reshuffles its Board
With two new big investors on board, China Mengniu reshuffled its board of directors accordingly.
Shenzhen Exchange Reins in Derivative Investments
The Shenzhen bourse released a new rule on the disclosure of derivative investments to protect the interest of investors.
Industrial Profits Down 17% in First Seven Months
China's rubber industry posted a top profit growth of 34 percent among 39 industries surveyed by the statistics agency.
News AM August 31
China to Launch Regular Taiwan Flights; Youngor H1 Net Profit Down; CITIC Bank Expects Slow Lending Growth
China's SOEs May Terminate Commodities Contracts
Any such move would be a major blow to investment banks which service commodities hedging operations for Chinese SOEs on the international market.
China Unicom to Launch iPhone on the Mainland
Apple's iPhones will be available to China's customers later this year.
News PM August 28
BOC Sheds U.S. Mortgage-backed Debt; Two Insurers Fined by Regulator; Former Shenzhen Mayor Dismissed from Legislature; PetroChina H1 Net Profit Down
China Re to Take 1.5 Bln Shares in Everbright Bank
China Re invested 3.3 billion yuan for a 4.5 percent stake in the bank, but will not seek seat in the bank's board.
China Telecom to Raise Mobile Subsidies to 37%
The number of China Telecom's 3G users is growing at a rate of 20,000 per day.
BOC H1 Net Profit Down 2.5%
Bank of China, the market leader in foreign currency-denominated business, undertook a strategic shift to enhance its domestic business in 2009.
News AM August 28
China Approves Law Governing Armed Police Force; BOC Mulls Raising Capital; China Complies with WTO Ruling on Auto Parts; Beiqi Foton H1 Net Profit Up
Economist Predicts Money Supply to Rise Sharply
An economist predicts that the central bank is not likely to meet its money supply growth target.
News PM August 27
Bank of Beijing H1 Net Profit Flat; Wuhan Iron Plans to Issue New Shares; BOE to Build China's First 8G TFT-LCD; Midea Names New Chairman
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