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Market News |
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| Members will be notified by email immediately of any Chinese industry specific updates, either government or business, that potentially affect either directly or indirectly, their business operations in China
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China's sovereignty wealth fund to make prudent investment |
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2007/12/13 09:22 (Beijing - China) |
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| China's sovereignty wealth fund will maintain prudent investment and respect the laws in recipient countries. |
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ADB: Macao ranks 3rd in per capita GDP in Asia-Pacific |
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2007/12/13 09:21 (Beijing - China) |
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| Macao ranks third in per capita real GDP among 23 "developing economies" in Asia and the Pacific, only after Brunei and Singapore. |
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BNY Mellon zeroes in on asset management |
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2007/12/12 11:18 (Beijing - China) |
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| Robert P. Kelly is still working out the details of the integration of Bank of New York and Mellon, which merged in July. |
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Shares stumble on CPI figures, fresh tightening |
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2007/12/12 11:15 (Beijing - China) |
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| Chinese shares stumbled Tuesday after the release of November inflation figures, which showed consumer prices accelerating at the fastest pace in 11 years. |
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CIC to be stable force in global financial market |
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2007/12/12 11:13 (Beijing - China) |
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| As China's sovereign assets fund, China Investment Corporation (CIC) will serve as a stabilizing factor in the global financial market with its long-term investment strategy. |
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Profit pinch may hit lenders |
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2007/12/12 11:11 (Beijing - China) |
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| A tight monetary policy could see the average annual profit growth of banks dip to around 45 percent by the end of next year. |
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CFFEX approves 13 new members |
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2007/12/12 11:09 (Beijing - China) |
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| The China Financial Futures Exchange (CFFEX) announced the fourth group of members. |
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HK to launch mini index for mainland companies |
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2007/12/12 10:45 (Beijing - China) |
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| Hong Kong Exchanges and Clearing Ltd (HKEx), operator of Asia's largest listed bourse, will launch a mini H-share index next year to monitor Hong Kong-listed small and medium-sized mainland companies. |
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Baosteel to inject iron-making assets in listed unit |
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2007/12/12 10:43 (Beijing - China) |
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| Baosteel will put 14.3 billion yuan ($1.94 billion) into iron-making assets in its listed unit, as part of an effort to improve efficiency and reduce pollution. |
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Peabody joins hands with Chinese coal firm |
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2007/12/12 10:42 (Beijing - China) |
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| The US coal company Peabody Energy yesterday joined forces with China's major coal enterprises to build the country's first near-zero emission coal-fueled power plant. |
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EC says growth, jobs strategy is working |
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2007/12/12 10:18 (Beijing - China) |
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| The European Union (EU)'s flagship strategy for growth and jobs is working now, three years after it was relaunched in 2005. |
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Los Angeles tentatively OKs tobacco fee on stores |
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2007/12/12 10:13 (Beijing - China) |
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| The Los Angeles County Board of Supervisors tentatively approved on Tuesday a 235-dollar annual fee on stores that sell tobacco as part of an effort to keep minors from smoking. |
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Wall Street plunges after Fed decision |
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2007/12/12 10:11 (Beijing - China) |
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| Wall Street plunged Tuesday after the Federal Reserve shaved both its Fed funds target and discount rates by 25 basis points.
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U.S. Fed's modest rate cut fails to satisfy Wall Street |
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2007/12/12 10:08 (Beijing - China) |
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| The U.S. Federal Reserve cut a key interest rate by a quarter percentage point to 4.25 percent, the third rate reduction in three months, in an effort to prevent the economy from sliding into recession.
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China's central bank defines "second" house by family |
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2007/12/12 09:59 (Beijing - China) |
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| China's commercial banks should define a "second home" according to the property owned by the families of mortgage applicants rather than the applicant alone. |
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China opens largest free-trade harbor area in N port city |
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2007/12/12 09:56 (Beijing - China) |
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| China's largest free-trade harbor area, which enjoys the most preferential tax treatments, started operation in the northern port city of Tianjin. |
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Foreign trade swells to surpass whole of 2006 |
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2007/12/12 09:36 (Beijing - China) |
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| The value of China's foreign trade in the first 11 months of the year has surpassed that of the whole of 2006. |
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Enforcement regulations for corporate income tax announced |
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2007/12/12 09:33 (Beijing - China) |
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| China's State Council, or the cabinet, has announced regulations aimed at helping to enforce the country's new corporate income tax law.
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China takes steps to protect intellectual property rights |
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2007/12/11 15:58 (Beijing - China) |
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| China has enacted new programs to protect intellectual property rights (IPR) since the 17th Sino-U.S. Joint Commission on Commerce and Trade in 2006. Below are some of these steps:
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China's foreign trade nears $2 trillion in 1st 11 months |
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2007/12/11 15:55 (Beijing - China) |
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| China's total foreign trade was 1.97 trillion U.S. dollars during the first 11 months of this year, up 23.6 percent from a year earlier.
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