China to allow more insurance funds into stock market

2007-07-17 17:13:18

China will allow insurance companies to double the proportion of assets they may hold in domestic stock markets in a plan that is expected to be announced today.

Central bank steps up anti-graft drive

2007-07-17 16:47:45

The central bank has said it will strengthen anti-money laundering measures in its bid to fight corruption,central bank chief said at a televised conference on Friday.

Stock index surges 1.96%

2007-07-17 16:08:33

Chinese stocks went up 1.96 percent today on the news of a lift on insurers' stock investment upper bound.

Stamp tax should cover only stock selling: economist

2007-07-17 14:56:40

An economist suggested yesterday that China impose a stamp tax only on stock selling, in order to restore investors' confidence, people.com.cn reported today.

Chinese banks expect profit rise in first half

2007-07-17 09:23:25

Chinese banks are expected to gain strong earnings in the first half of this year, according to interim earning projections.

China Coal plans Shanghai listing

2007-07-17 09:13:57

China Coal Energy plans to make an A-share offering in Shanghai, the latest among overseas-listed companies to return to the mainland.

Xi'an Aircraft set to raise 6.6 billion yuan

2007-07-17 09:09:13

Shenzhen-listed Xi'an Aircraft International Corp will raise some 6.6 billion yuan by selling new shares to its parent and other investors.

Firms get futures license

2007-07-17 08:40:21

In a major step toward introduction of financial futures trading, the CSRC has licensed the first two commodity futures companies to operate brokerage business in financial futures.

Yuan hits new high against US dollar

2007-07-17 08:36:52

China's currency, the yuan, hit a new high against the US dollar on Monday, according to the Chinese Foreign Exchange Trading System.

CSRC OKs China Futures buyout by China Securities

2007-07-17 08:32:38

The Chinese securities regulator on July 10 gave the go-ahead to the country's first futures company wholly owned by a securities firm, China Business News reported.

Growth in asset values unsustainable: Cheng Siwei

2007-07-16 16:49:40

China's investors should limit risk created by excessive growth of financial assets, according to Cheng Siwei, vice-chairman of the Standing Committee of the NPC.