China Economic ReviewChina imposed new rules to restrict venture capital activities Tuesday, Bloomberg reported. Beginning March 1, venture capital funds will be banned from stocks, futures and warrants as well as real estate and insurance. They may be deposited in banks, invested in government bonds and other fixed-income securities. Venture capital funds will be banned from investing […]
China will let foreign investors buy tradeable A-shares in its publicly listed firms as part of an ongoing effort to dissolve non-tradeable state shares, according to media reports that cited a new policy by the China Securities Regulatory Commission and the Ministry of Commerce. A-shares are now closed to foreigner investors, but their supply is […]
Industrial & Commercial Bank of China, the nation's biggest lender, has advised banks and forex interests to use derivatives to hedge against coming fluctuations in the RMB, Bloomberg reported. China recently re-authorized derivative sales after years of prohibition. The People's Bank of China will also permit Hong Kong lenders higher RMB trading volumes. Hong Kong […]
Confidence in US dollar-dominated assets has "weakened significantly", and the willingness to sell US dollars has grown, AFP reported, citing a People's Bank of China survey. The central bank study showed 37% of respondents were selling dollars against 33.5% who were saving them. The survey also found that Chinese residents sold dollars for yuan after […]
A 500-person Chinese delegation led by Hong Kong chief executive Donald Tsang and Guangdong Province Governor Huang Huahua were in Vancouver to attend a trade forum to woo Canadian investors, resulting in the signing of contracts on port construction, steel and aluminum processing projects, development of flight simulators, circuit board manufacturing and chemical production, the […]