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Hong Kong stocks rose 233.93 points, or 1.14 percent, on signs of economic recovery to close at the ten-month high of 20,807.26 on Monday. Turnover totaled HK$77.89 billion ($9.99 billion), compared with Friday's HK$79.60 billion. Source: BizChina
China's economy would continue to recover from the world financial crisis in the latter half and expand at the rate of 8.5 percent for the whole year, said a report from the Bank of Communications on Sunday. The country's economic development was expected to accelerate the pace and expand at 9 percent in the third quarter and 9.8 perce...
China's urban fixed asset investment was likely to rise by 40 percent year on year in 2009, Lian Ping, chief economist of Bank of Communications (BOCOM), told Xinhua on Sunday. Government figures showed that benefiting from the massive government spending in the construction of railways, roads and infrastructure, China's urban fixed asset investment ros...
China's consumer price index (CPI) decline pace would slow down in the second half and the CPI would drop about 0.5 percent for the whole year, Lian Ping, chief economist of Bank of Communications, the country's fifth largest lender, told Xinhua yesterday. China's CPI, a main gauge of inflation, dipped 1.1 percent in the first half from a year earlier,...
China's stocks rose for the third trading day in a row after the country's manufacturing sector continued to expand, suggesting that China's economy improve as a result of the massive stimulus packages. The benchmark Shanghai Composite Index rose 1.48 percent, or 50.53 points, to finish at 3,462.59. It set its highest close since the gauge ended at 3,4...
A senior Chinese official on Monday defended China's handling of the industrial spying case against an Australian executive for mining giant Rio Tinto, and urged Australia to respect China's court process. Foreign Ministry official Liu Jieyu said during a visit to Australia that the alleged actions of Chinese-born Australian Stern Hu would have been ill...
Net assets of China's insurance industry rose 17.5 percent from the beginning of this year to 329.9 billion yuan ($48.3 billion) by the end of June, Yuan Li, a spokesman of the China Insurance Regulatory Commission (CIRC), told reporters Friday morning. The CIRC would facilitate China United Property Insurance Co Ltd to introduce strategic investors to i...
China' new loans in July were forecast to drop to less than 500 billion yuan ($73.21 billion), down from 1.53 trillion yuan lending last month, said Friday's Shanghai Securities News. Government data showed that Chinese banks lent a record 7.37 trillion yuan in the first half of this year to shore up the economy, exceeding the full-year target of five t...
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