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The Chinese mainland has been one of the 15 most-improved economies in the past five years for local companies to conduct business, the latest report released by the International Finance Corporation (IFC) and the World Bank (WB) on Thursday showed. Fourteen regulatory changes have been introduced to make it easier to conduct business on the mainland, acc...
China should "set up a firewall" as uncontrolled dollar printing in the United States will drive more liquidity into emerging markets, a central bank adviser said on Thursday. "The most urgent need for the emerging market economies is to curb capital inflows," Xia Bin, an academic member of the central bank's monetary policy committee, told a financial f...
China may order State-owned companies to pay dividends of up to 30 percent every year, pending cabinet approval, the Shanghai Securities News reported on Thursday. Most Chinese State firms pay 5 percent dividends now, with those in resource industries, including tobacco, power, petrochemical and coal, paying 10 percent. "The dividend rate by State firms...
Debt incurred by China's local government financing vehicles will grow very slowly this year, a senior government researcher said on Wednesday, reflecting official efforts to contain a potential fiscal mess. The total amount of debt at these vehicles will reach 10 trillion yuan by the end of the year, up marginally from 9.76 trillion yuan at the end of 2...
The Hong Kong Monetary Authority (HKMA) has tapped its yuan swap arrangement and will raise its yuan quota for cross-border trade settlement to about 20 billion yuan to satisfy the increasing demand, the 21st Century Business Herald reported Thursday, citing several traders. No official confirmation is yet available from the People's Bank of China (PBOC)...
BEIJING - China's stocks rose to a seven-month high Thursday with the benchmark Shanghai Composite Index up 1.85 percent, or 55.95 points, to close at 3,086.94. Source: China Daily
China's Internet firm Tencent on Wednesday said it is shutting down its popular instant messaging service QQ on computers installed with anti-virus software run by the company's rival Qihoo 360, as a war between the two software giants escalated over the course of the past two months. "A new tag-on service run by 360 Safe has affected the normal functio...
China's Ministry of Housing and Urban-Rural Development announced Wednesday it will block the Public Housing Fund (PHF) mortgage for third home buyers, a move to further curb property speculation. The announcement was made in a circular jointly issued by the Ministry of Housing and Urban-Rural Development, the Ministry of Finance, People's Bank of China...
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