China Economic ReviewThe People's Bank of China has issued a notice forbidding banks from issuing mortgages to people for properties that are still being planned or built, South China Morning Post said. The measure is aimed at reducing the number of loan defaulters, while cooling a property market that many believe is in danger of overheating. About […]
China has announced the first group of foreign brokers allowed to trade shares under its Qualified Foreign Institutional Investor scheme. They are UBS, Switzerland's biggest bank, Nomura Securities, the leading Japanese securities firm, and Morgan Stanley and Citigroup of the US. Under the scheme, the brokers will be allowed to trade in the US$500bn A-share […]
The first investments from China's national welfare fund into domestic stock markets will soon be made, now that the fund management companies that will handle the business have been selected, according to a report in the Financial Times. The six nominated companies were chosen from a list of 10 that submitted tenders last year. The […]
Mainland China recorded 281 deals in the first five months of 2003, with a total disclosed value of just over m7.5bn. By comparison, in the UK there were 1,662 transactions for m74bn, while in Japan there were 315 deals for m30bn. It is clear therefore that China is starting to emerge as a serious player […]
Hong Kong Airport was voted the world’s best airport for the third consecutive year,according to a survey of 1.7m travellers conducted by Skytrax Research. Passengers commended the spacious passenger terminal and fast ground transportation to the city. Passengers on China Southern Airlines can receive a special deal when they check in to Marriott International hotels […]