'Rising premiums not seen in compensation'

2011-07-29 13:22:15

China's railway regulator has collected tens of billions of yuan in insurance premiums while insurance compensation has remained unchanged for decades, Chinese media reported on Thursday after a fatal high-speed train collision raised public concern over compensation.

US data, debt-talks stalemate weaken equities

2011-07-29 11:22:15

Stocks on the Chinese mainland fell for the first time in three days as a drop in US durable-goods orders and a stalemate over the US debt limit boosted concerns global economic growth will falter.

SMEs scramble for funds from private lenders

2011-07-29 11:06:44

Private lenders are charging up to 18 times the benchmark loan rate in Guangzhou, Guangdong province, with small and medium-sized enterprises (SMEs) finding it increasingly hard to get bank credit as a result of government tightening policies.

Yunnan finance vehicles on credit watch

2011-07-29 10:57:35

A top Chinese credit ratings agency has put two local government financing vehicles in the southwestern province of Yunnan on credit watch, the first such move since concerns mounted over potential defaults on local government debt.

Shanghai Electric aims to raise $1.5b

2011-07-28 14:33:54

Chinese thermal power company Shanghai Electric Power plans to raise 9.5 billion yuan ($1,47 billion) via a private share placement, in a move to diversify its power business, the company said on Thursday.

UBS sets up asset management unit in China

2011-07-28 14:11:56

Swiss bank UBS said on Thursday it has set up an asset management unit in Beijing to tap China's rapidly-growing $650 billion private equity market.

Insurers will need injection of cash

2011-07-28 11:10:10

Chinese insurers will need more than 110 billion yuan ($17 billion) of external funding to fuel their rapid development in the next three years, insurance analysts from Standard & Poor's said on Wednesday.

First-half profit statistics give a lift to stocks

2011-07-28 10:38:32

Stocks on the Chinese mainland rose, sending the benchmark to its biggest gain in two weeks, after data showing industrial companies' first-half profits advanced eased concerns that government measures to curb inflation will hurt earnings growth.

CBRC to step up risk controls on local financing

2011-07-28 09:39:49

China's banking regulator said it will step up monitoring of loans to local government financing platforms and the property market in the second half of the year.