China Economic ReviewChina’s exports in the first two months of this year totalled US$40.84bn, 14.1 per cent higher than in the same period of last year. Imports were up 3.2 per cent to US$34.89bn, according to the Ministry of Foreign Trade and Economic Co-operation. The comparable growth figures for last year were 6.8 per cent and 8.2 […]
A national credit rating system for individuals and businesses will be established in China, according to the People’s Bank of China governor Dai Xianglong reported by China Daily. A pilot system introduced in China last year will be rolled out across the country. Businesses with a poor financial record will appear on an official website, […]
Shares in the Three Gorges hydropower dam will be listed on the domestic stock market and possibly also in Hong Kong and London, the Financial Times reported. Li Yongan, deputy general manager of China Yangtze River Three Gorges Project Development Corp, the company that oversees the project, said that the initial public offering on the […]
The China Securities Regulatory Commission has significantly amended its ruling issued at the end of last year that all companies seeking to raise funds on the stock market must commission a supplementary audit using international accounting standards from an international accounting firm, reported Dow Jones. Under the new rule, the audits can only be conducted […]
China International Trust and Investment Corp (Citic) plans to set up a holding firm in the first half of this year to control its financial units, said a company official. The firm will be incorporated in Beijing and will include Citic Industrial Bank, Securities and a life insurance joint venture with British insurance firm Prudential. […]