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Hong Kong stocks on Thursday gained 112.6 points, or 0.51 percent, to close at 21,999.08, the fresh high since the beginning of the year. The benchmark Hang Seng Index tracked overnight gains on Wall Street to open above the 22,000 mark, but pared its gains in the afternoon to close slightly below the 22,000, with market heavyweight HSBC and the mainland ...
China's foreign reserves, already the world's largest, hit a record high $2.273 trillion by the end of September as surging asset prices and the economic recovery attracted investment. The People's Bank of China said in a report on its website yesterday that the reserves rose about $141 billion between July and September, from $2.13 trillion at the end...
Environmental group Greenpeace on Tuesday criticized 18 leading companies from both home and abroad for concealing polluting information - a violation of Chinese regulations. Eight of the world's top 500 companies including Shell, Samsung and Nestle, and 10 major Chinese companies, including industry leaders such as PetroChina and Shenhua, failed to publ...
China Development Bank (CDB), a State-controlled lender mainly focusing on funding the nation's major infrastructure projects, might acquire Stockfly Securities as part of an effort to diversify into a financial conglomerate, local media reported. Stockfly Securities, a mid-sized brokerage affiliated to China Aviation Industry Corp, said it planned to se...
A bloc of nations that includes China and five Eurasian countries pledged to boost cross-border trade yesterday and explore the shared use of each other's currencies. At the 8th annual prime ministers' summit in Beijing, the Shanghai Cooperation Organization (SCO) member states - China, Russia, Kazakhstan, Kyrgyzstan, Tajikistan and Uzbekistan - broadly...
Fresh lending by banks in September breached the 500-billion-yuan ($73.24 billion)mark, beating economists' estimates, and just over a 100 billion yuan more than what the lenders funneled out in August, according to China's central bank. Banks loaned 516.7 billion yuan in September, up from 410.4 billion yuan in August, ahead of the estimated range of b...
Hong Kong stocks went up 419.12 points, or 1.95 percent, to close at 21,886.48 on Wednesday. Turnover rose to HK$64.56 billion ($8.34 billion) from Tuesday's HK$60.44 billion. Source: BizChina
China's foreign exchange reserve hit a new high of $2.2726 trillion by the end of September, People's Bank of China, the central bank, said in Beijing Wednesday. Source: BizChina
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Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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