ICBC mulls private banking plan
2007-07-31 11:23:04
ICBC is preparing to set up a private banking unit but has ruled out a foreign partnership for the project, the China Securities Journal reported yesterday.
Electricity sparks surge
2007-07-31 09:03:10
China Yangtze Power Co,operator of the world's biggest hydropower project, said first-half profit jumped 72 percent due to increased electricity output and share sale.
Expert: Market forces to squeeze China's securities sector
2007-07-31 08:53:53
Market competition should drive the number of Chinese securities firms from 104 down to 30 to 50, says leading economist Wu Xiaoqiu.
Money flows from stocks to property
2007-07-31 08:46:00
An increasing amount of investment capital is flowing from the Chinese stock market to the real estate markets in major cities, according to several banks and property consultancies.
Banks' reserve rate raised again
2007-07-31 08:40:13
The central bank yesterday raised the amount that lenders must hold in reserve by 0.5 percentage point for the sixth time this year.
Financial firms report over 50% profit rises
2007-07-30 17:02:35
Interim reports and forecasts issued by 12 listed financial companies in mainland China showed at least 50 percent year-on-year growth for their first-half profits.
Index strikes 4440, a new high
2007-07-30 16:32:25
The Shanghai Composite Index surged more than 90 points and shot up to another new high on Monday. Optimism following high corporate half-year earnings still served as the major force behind the market.
CPI to rise record 4.5% in 3Q, rate hike likely
2007-07-30 12:45:27
Thirteen institutions predicated that China's CPI in the third quarter would rise a record high of 4.5 percent and the central bank would increase the interest rate again, a newspaper reported.
China may become 2nd largest economy in a decade
2007-07-30 11:44:28
Experts predict China will likely surpass Japan in the coming decade to become the world's second largest economy.
Southern Fund wins nod to invest abroad
2007-07-30 08:33:37
China Southern Fund Management Co, one of the country’s three largest fund companies, said it had won approval from regulators to invest in foreign financial markets.
China Life says profit may double in first half
2007-07-30 08:57:34
China Life, the country's largest life insurer, said its net profit may more than double in the first half of 2007 from a year earlier.
Chinese economy remains in "good shape"
2007-07-30 08:46:43
The Chinese economy remains in good shape despite some problems that appeared as the economy soared in the first half of this year, top Chinese officials said.