Finance


Shares in SOEs to help support pension system

China has announced a pilot program to help pension schemes meet growing pressure from an aging society by transferring shares of state-owned enterprises to social security funds. A document released ...

November 20, 2017, Monday


PBOC to tighten rules on asset management business

China’S central bank has issued sweeping guidelines to tighten rules on asset management business, the latest step by Beijing to fend off systemic risks in the country’s rampantly growing shadow banking...

November 20, 2017, Monday


US companies try to sway Trump to save NAFTA

THE business world is mobilizing to convince the Trump administration to save the North American Free Trade Agreement, which corporate leaders say has greatly benefited the world's largest economy for ...

November 20, 2017, Monday


US industrial output climbs strong 0.9% in October

US industrial production jumped a solid 0.9 percent in October as factory activity recovered from the impact of Hurricanes Harvey and Irma. The Federal Reserve said yesterday that manufacturing activity ...

November 17, 2017, Friday


Payment sector to open

China will open up its payment industry in a balanced and orderly way, Fan Yifei, deputy governor of the People's Bank of China, said at a forum yesterday....

November 17, 2017, Friday


Shares dip on rising rates

SHANGHAI stocks dipped yesterday amid economic uncertainties and rising interest rates, analysts said. The Shanghai Composite Index slid 0.1 percent to 3,399.25 points to mark a three-day decline, “which ...

November 17, 2017, Friday


Chinese banks post net forex buy for second straight month

CHINESE banks recorded the second straight month of net foreign exchange purchase in October as cross-border capital flows stabilized, official data showed yesterday. Chinese lenders bought US$128.9 ...

November 17, 2017, Friday


Tax body sets out priorities to help businesses

SHANGHAI’S tax authority said yesterday it will prioritize improving its credit record system and moving more operations online as it implements new policies to make business easier for companies. Jiang ...

November 17, 2017, Friday


Shanghai SOEs eye investments of US$121b

Shanghai’s state-owned enterprises will invest around 800 billion yuan (US$121 billion) annually over the next five years to develop innovative products and enhance efficiency, the government said yes...

November 17, 2017, Friday


40.9% fall in outbound investment

CHINA’S non-financial outbound direct investment fell 40.9 percent year on year in the January-October period as authorities curbed irrational investment overseas, data showed yesterday. Chinese investors ...

November 17, 2017, Friday




 

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