China Economic ReviewTwo of the countries largest brokerages, Guotai Junan and Shenyin Wanguo, each posted net profits of more than US$87 million in the first half of the year, the South China Morning Post reported. The encouraging financial results are being seen as evidence that the resumption of mainland share listings is helping the long-struggling brokerage industry […]
China's business confidence index fell by 0.6 points to 132.5 points in the second quarter, but is up 4 points year-on-year, a National Bureau of Statistics survey of 19,500 shows. Transport, storage and postal companies posted the biggest loss in confidence, dropping 10.3 points from the first quarter, real estate dropped 3.3 points to 157.5 […]
Wen Jiabao returned from Africa this week after a tour of seven nations. At every step of the way he announced deals, promised money, forgave debt and generally enlarged China’s already considerable stamp on the continent. An at every step of the way, every time he announced a new deal, whenever a new grant was […]
An economic zone in Tianjin may become the first area of China with a convertible renminbi. State media reported the pilot programme at Tianjin's Binhai New Area but did not give details of when it may start or how much the area would be allowed to convert. Large commercial banks in the Binhai New Area […]
Two qualified foreign institutional investor (QFII) were awarded new investment quotas, state media reported. Canada's Bank of Nova Scotia and KBC Financial Products UK received quotas of US$150 million and US$100 million from the State Administration of Foreign Exchange. The QFII programme was launched in 2003 to allow foreign institutional investors like UBS, Deutsche Banks […]