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The Shanghai Expo Forum (Macao) will be held next Tuesday in Macao to promote World Expo 2010 Shanghai China (Shanghai Expo) and Macao's participation in the event, the Office for Preparation of Macao's Participation in the Shanghai World Expo announced on Tuesday. The Expo Forum will be held at 9 am--13 pm, January 19. Governmental officials, engineers...
Business leaders from China's coastal Zhejiang province were in Hong Kong on Tuesday to promote investment and sought to use the international trade and financial hub as a platform to make their firms go international. The firms represented in the business delegation headed by Zhao Hongzhu, secretary of the Zhejiang Provincial Committee of the Communist ...
A fresh infusion of liquidity and earnings revisions should support China's equities market in early 2010, said Jing Ulrich, Hong Kong-based chairwoman of China equities and commodities at JPMorgan. However, the second half may prove more challenging if China's monetary policy stance turns more neutral. Looking to the full year—as the pace of inve...
Margin requirements for stock index futures may be hiked to 12 percent from 10 percent to control trading risks, a source close to the China Securities Regulatory Commission (CSRC) said yesterday. The regulator will also significantly reduce the single-day maximum holding of futures contracts to 100 from 600 set previously during the trial period. The m...
China Construction Bank (CCB) and Europe's second largest lender Banco Santander, are planning to set up a joint financial holding company and open 100 village banks in the country over the next three years, people familiar with the matter told China Daily. The joint venture is likely to be set up with a registered capital of 3 billion yuan and this coul...
Baidu, China's largest Internet search engine, was the target of a four-hour cyber attack yesterday, the most severe since it was established in 1999. The company said it had restored services for most Internet users by 6 pm. A hacker group, calling itself Iranian Cyber Army, hijacked Baidu's home page and left a message in Farsi saying that the act w...
The central bank yesterday raised the reserve requirement ratio - the proportion of deposits that banks must hold in reserve - in a clear sign that it was determined to drain excessive liquidity in the market and curb lending. The 0.5 percentage point increase is effective Jan 18, the People's Bank of China (PBOC) said. It was the first time that the cen...
China's grain enterprises purchased 287.6 million tons of grain from peasants in 2009, effectively stabilizing domestic grain prices and protecting farmers' interests, said head of the State Administration of Grain Nie Zhenbang Monday. China had raised minimum purchase prices for wheat and rice again in 2009, by 13 to 17 percent, to add income for farme...
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