Posts Tagged ‘China’
Stocks in Hong Kong and China were lower at midday on Thursday, spurred by concerns over monetary tightening after the latest economic data from China showed a pick-up in inflation. Bank of China fell in Hong Kong after it announced a fundraisin
The mainland’s key stock index closed up a marginal 0.08 percent, with banks outperforming while the market moved narrowly as investors weighed the threat of inflation and the chance of strong monetary tightening steps after a rise in February inflation.
China’s crude steel output hit a record 52.53 million tones in January, said country’s National Statistics Bureau (NSB).
NSB released its output data for January and February in March instead of monthly as usual, to de-emphasize distortions c
Bank of China, one of the country’s Big Four state lenders, said it wants to issue more shares in Hong Kong soon, an offering that could strengthen its balance sheet by some $7.7 billion.
Many of China’s big banks are tapping debt and equity markets for
China’s lending fell in February after the government told banks to limit credit growth and raised reserve requirements.
Banks extended 700.1 billion yuan ($103 billion) of local-currency loans, down from 1.39 trillion yuan in January and 1.0
Year-on-year growth in Chinese exports and imports blew past expectations in February, apparently underlining the momentum powering the world’s third-largest economy.
But some economists were wary of reading policy implications into the figures
The mainland’s key stock index closed down 0.66 percent, pressured by concerns over possible monetary tightening ahead of inflation data due later this week.
The Shanghai Composite Index ended at 3,048.93 points, after rising 0.52 percent on
Property sales in China by value rose 70.2 percent in the first two months of this year, the statistics bureau said on its Web site today.
Property sales by floor area rose 38.2 percent in the first two months, according to the National Burea
The mainland’s key stock index closed up 0.52 percent as upbeat signals on earnings lifted overall sentiment.
The Shanghai Composite Index ended at 3,069.14 points, extending Monday’s modest 0.73 percent gain.
Property stocks wer
Metallurgical Corp of China Ltd has obtained a grant of CNY 392.57 million from China’s Ministry of Finance.
According to the report, at the request of the ministry, the state-owned enterprise will spend CNY 48.71 million to develop key techn
