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Hong Kong's official foreign-currency reserve assets rose to $256.3 billion in November, up $16.2 billion over October, the Hong Kong Monetary Authority said on Monday. Including unsettled forward contracts, foreign-currency reserve assets also stood at $256.3 billion in November, up $16.2 billion over October. Hong Kong is the world's seventh largest...
China's State Food and Drug Administration (SFDA) Tuesday welcomed media scrutiny of food quality problems and urged the media to also report problems to public health or food supervisory authorities. The SFDA made the gesture as restaurants in the southwest Sichuan province were reportedly abusing the use of food additives in fresh juices. Spokeswoman...
The Chinese mainland saw 70 percent of its affluent people reporting a rise in their wealth over the past six months, topping the level of all other Asian countries, accoding to a survey by HSBC and the marketing research company Nielsen. Among respondents on the Chinese mainland, over a third said their net worth grew by up to 10 percent, 18 percent said...
The ChiNext stock market closed higher on Tuesday as only two of the 28 shares at China's start-up board for small and medium-sized enterprises went down. The board, which is based in Shenzhen and started trading on October 30, 2009, is tailored to the needs of enterprises engaged in independent innovation and other enterprises with great growth potentia...
Chinese equities dropped dived 1.06 percent Tuesday, led by declining financial stocks. The benchmark Shanghai Composite Index went down 1.06 percent, or 35.24 points, to close at 3,296.66. The Shenzhen Component Index dipped 0.86 percent, or 121.24 points, to close at 13,930.28. Combined turnover shrank to 275.4 billion yuan ($40.32 billion) from 277...
China Mobile and Research in Motion will offer BlackBerry handsets and Internet service to consumers as well as smaller firms in China, the two firms said on Tuesday. To attract more consumer users, China Mobile would offer BlackBerry phones on China's homegrown TD-SCDMA and TD-LTE networks, the companies said in a joint statement, intensifying the compe...
China's decision to continue with its economy-anchoring policies and balance trade will help the global recovery and address the world trade imbalance, say economists. Delegates at the annual Central Economic Work Conference threw their support behind the country's economic stimulus and easy credit policies and vowed to make efforts to improve the quali...
China's auto sales and output both exceeded 12 million units in the first 11 months this year, said the China Association of Automobile Manufacturers (CAAM) on Monday. The CAAM forecasts the sales and output for the whole year would both exceed 13 million units. Source: BizChina
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