Finance


Stocks up as tech makes a comeback

CHINA stocks rebounded yesterday on a surge in technology shares, led by chip makers and software companies. The benchmark Shanghai Composite Index rose 0.6 percent to close at 2,561.61 points. The ...

October 18, 2018, Thursday


Hainan FTZ to ease restrictions on foreign firms

China unveiled a detailed plan yesterday to establish the southern province of Hainan as a free trade zone, in its latest move to open up the economy....

October 17, 2018, Wednesday


Stocks hit 4-year lows, but don’t panic

CHINA’S stock markets hit four-year lows yesterday as external uncertainties weakened investor sentiment. But analysts warned against panic selling, saying government reforms — from tax cuts to a reduction ...

October 17, 2018, Wednesday


PBOC cuts RRR again to boost market liquidity

China’s central bank has lowered the level of cash that lenders must hold as reserves for the fourth time this year in its latest effort to support stable credit growth and shore up the economy....

October 17, 2018, Wednesday


Foreign banks to participate in CIIE

MORE than 10 international banks will join the first China International Import Expo to be held in Shanghai from November 5 to 10. Banks, including Standard Chartered and HSBC, will display their financial ...

October 12, 2018, Friday


Economic losses due to disasters soar

Economic losses caused by climate-related disasters have soared by about two and a half times in the last 20 years, the United Nations said yesterday....

October 11, 2018, Thursday


IMF revises global growth forecasts

The International Monetary Fund cut its global growth forecasts yesterday for the first time since July 2016, as trade tensions between the United States and its trading partners have started to hit economic...

October 10, 2018, Wednesday


Export tax policy to be improved

China has decided to improve its export tax rebate policy to reduce the business burden and bolster foreign trade, according to a State Council executive meeting chaired by Premier Li Keqiang yesterda...

October 9, 2018, Tuesday


Forex reserves edge down 0.7%

China’s foreign exchange reserves edged down 0.7 percent, or US$22.7 billion from a month earlier, to US$3.087 trillion at the end of September, the central bank said yesterday....

October 8, 2018, Monday


PBOC slashes reserve ratio for fourth time

China’s central bank yesterday announced a cut in the amount of cash that banks must hold as reserves to lower the financing cost for the country’s real economy....

October 8, 2018, Monday




 

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