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Hong Kong financial services firms will soon get more access to banking markets on the mainland. According to an agreement signed on Saturday, mainland tourist will be allowed to stop over in Hong Kong on their way to Taiwan, while requirements for Hong Kong-based financial firms operating in the mainland have been loosened. Qualified mainland securitie...
Chinese lenders had extended 172.4 billion yuan (25.35 billion U.S. dollars) loans for relief and reconstruction in regions devastated in the May 12 earthquake by the end of the first quarter, the People's Bank of China (PBoC) said Monday. Outstanding loans at banks in quake-hit provinces, including Sichuan, Shaanxi and Gansu, surged 34 percent year on y...
The country's long-awaited NASDAQ-style second board could start around October with 40 listed firms, it was suggested on Sunday. The opening of the second board, or growth enterprise board (GEB), has been timed to coincide with the completion of the initial public offering reform on the main board. New listings were suspended in September last year be...
Visitors were scarce at the Guangdong Dongtai Dairy Products booth during the third phase of the 105th China Import and Export Fair, also called the Canton Fair. The third phase of China's largest trade event began here Sunday and ended Thursday. Xu Haoming, who's in charge of external trade for Dongtai, said he wasn't surprised by the lack of visito...
Although confronted with an unfavorable situation as a result of the international financial crisis, China still maintains a much higher growth rate in the service trade than the global average. According to an announcement made on May 6 by the Ministry of Commerce, China's total volume of imports and exports in the service trade sector reached 304.45 bi...
Reporters learned at a news briefing for the first ever China Overseas Investment Fair that this year China will directly invest between 150 and 180 billion USD in foreign countries, while attracting between 80 and 100 billion USD of foreign direct investment during the same period. This may be the first time that China's direct investment overseas will ex...
The EU expects to expand its investment in China's growing efforts on energy efficiency and environmental protection which have paid off well so far. At a press conference in Beijing for the Second EU-China High-level Economic and Trade Dialogue to be held in Brussels on May 7 and 8, Ambassador Serge Abou, Head of a Delegation for the European Commission...
China's power generation is likely to have fallen 4 percent year on year in April, indicating an economic recovery is still some way off, Tuesday's China Daily reported. The estimated figure would signal a larger decline than that in March, when power output fell 0.7 percent to 286.7 billion KWh, Xue Jing, director of the statistics and information depa...
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