Income tax threshold in surprise increase
2011-07-01 09:56:45
The monthly personal income tax threshold will be raised to 3,500 yuan ($540) from 2,000 yuan, providing a bonus to wage earners with a larger than expected tax cut.
Local banks gaining ground on 'Big Four'
2011-07-01 09:52:30
While the Chinese still prefer to open accounts in the "Big Four" banks in China, more and more are taking their business to competitor banks in a trend that is becoming more pronounced, according to a study conducted by the consulting firm McKinsey & Co.
Geely raises 1b yuan through bond sale
2011-07-01 09:51:20
China's Geely Automobile has raised 1 billion yuan ($153.8 million) through a corporate bond sale aimed at financing the carmaker's development of core technologies on auto parts and auto electronic systems, company officials said Thursday.
PepsiCo looking to farm Chinese market
2011-07-01 09:36:16
PepsiCo Inc, the world's second-largest food and beverage company, is planning to establish new farms in China.
Yuan's trading band may soon be widened
2011-07-01 09:34:06
The yuan's daily trading band against dollar will probably soon be widened from the current 0.5 percent to 1 percent, said a report released by Bank of China Ltd (BOC) on Thursday.
West-East gas pipe begins service
2011-07-01 09:18:54
China National Petroleum Corp (CNPC), the country's largest oil company by output, put its trunk line of China's second West-to-East natural gas pipeline into service on Thursday.
Three market-oriented ways to energy saving
2011-06-30 17:23:15
China is going to reveal an energy-saving and environment protection plan very soon. It will apply three market-oriented approaches to ensure products meet the energy-saving requirements, 21st Century Business Herald reported Thursday.
SOEs are major investors in yuan PE fund
2011-06-30 17:18:40
State-owned enterprises (SOEs) are becoming the major limited partnership in yuan private equity (PE) funds, according to a report released by the Zero2IPO Group, the International Financial News, a newspaper affiliated to the People's Daily, reported Thursday.
Sri Lanka designates RMB for banking transactions
2011-06-30 17:05:46
Sri Lanka's Central Bank said in a release Thursday that the Monetary Board has decided to include the Chinese yuan or Renminbi in the list of designated currencies permitted for international transactions through banks in Sri Lanka.
Beijing-Shanghai rail to spur economic growth
2011-06-30 16:46:27
The Beijing-Shanghai high-speed railway, which started its fresh trip at 3 pm Thursday, will create a new economic growth belt along 1,318 kilometers of rail lines. Video
China stock index futures close up -- June 30
2011-06-30 16:38:50
China's stock index futures closed up on Thursday with the contract for July, the most actively traded, up 0.66 percent from the previous day to 3,035.
ChiNext Index closes up -- June 30
2011-06-30 16:38:01
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, gained 9.53 points, or 1.14 percent, to finish at 845.92 on Thursday.