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  • BEIJING— At first, the numbers and company names flashing on a big board in Beijing's financial district suggest a booming market. The lights from the Beijing Environment Exchange— one of seven pilot markets in China for trading carbon— raises questions for the country as it prepares for next year's roll-out of a nationwide system that could help the world's...

  • Expedia sells stake in Chinese travel service Friday, 22 May 2015 | 10:44 AM ET

    NEW YORK— Expedia sold its entire stake in eLong, a Chinese travel service, to a group of businesses based in China for roughly $671 million. Before the market opened, Bellevue, Washington- based Expedia said that it had sold its 62.4 percent share in eLong to a group that includes Ctrip.com International Ltd., Keystone Lodgings Holdings Ltd., Plateno Group Ltd. and...

  • SHANGHAI, May 22- China stocks jumped to fresh seven-year highs on Friday, with a four-day winning streak bringing the weekly gain to the biggest since December as investors raised bets that a month-long consolidation period is ending. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.3 percent, to 4,951.33, while the Shanghai...

  • It's also the prize being sought by Charles Li, the chief executive of Hong Kong Exchanges and Clearing, which bought the venerable London Metal Exchange. This is particularly attractive for global investors not big enough to justify the costs and risks involved in establishing a legal entity in China in order to be allowed to trade there.

  • HONG KONG— Chinese stocks hit a seven-year high as investors pinned their hopes on further economic stimulus while most other world markets were subdued Friday ahead of a speech by Federal Reserve chair Janet Yellen. Britain's FTSE 100 gained 0.3 percent to 7,033.44. CHINA RALLY: Investors who weren't allocated shares in recent initial public offerings are...

  • *UBS sees money flow to Hong Kong in 2-3 quarters. SHANGHAI, May 22- China stocks jumped to fresh seven-year highs on Friday morning, and looked set for their biggest weekly gain in two months, as investors raised bets that a month-long consolidation period is ending. The Hong Kong market paced gains.

  • SHANGHAI, May 22- China's yuan edged up against the dollar and hovered around a one-month high on Friday after the central bank set the daily guidance rate slightly higher for the first time in four days, a move traders said refelcted a desire for stability. Officials including Premier Li Keqiang and PBOC Governor Zhou Xiaochuan have pledged to keep the yuan...

  • SINGAPORE, May 22- Copper edged lower on Friday and was on course for its biggest weekly decline since March, with prices unlikely to stage a sharp recovery unless Chinese demand picks up. Copper has come off since hitting this year's peak of $6,481 a tonne in early May, touching a three-week low on Wednesday on account of a firmer dollar. "Copper has performed...

  • China stocks hit fresh 7-year highs, financials lead Thursday, 21 May 2015 | 10:29 PM ET

    SHANGHAI, May 22- China stocks climbed to fresh seven-year highs on Friday, and looked set for their biggest weekly gain in two months, as investors plough a record amount of borrowed money into the stock market. "It seems that investors are afraid of missing the rally and continue coming in," Gerry Alfonso, director of Shenwan Hongyuan Securities in Shanghai, wrote...

  • May 21- Many things about China stocks are funny, but probably not right now to investors in Hanergy Thin Film Power Group, Goldin Financial Holdings or Goldin Properties Holdings. Goldin Financial is a short-term commercial lender but has wide-ranging property interests, while Goldin Properties is a developer. Hong Kong's financial regulator in March...

  • *China approves nearly 2 tln yuan of projects in year. SHANGHAI, May 22- The concrete building shells, attended by motionless cranes and piles of rubbish, were supposed to be an affordable housing project for nearly 40,000 Shanghai residents, but now stand testament to China's slowing economy. Though China has since the start of last year given the green light to...

  • SHANGHAI, May 22- Apple Inc is planting trees, Mars may move to' zero carbon' and Foxconn Technology Co Ltd is spending millions of dollars to give its factories a' green' makeover, as companies operating in China face tighter rules on pollution. "China's environmental law is becoming one of the strongest in the world," said Manuel Baigorri, senior director of...

  • China- based Hanergy Thin Film Power Group Ltd, a maker of solar panel technology, hired Goldin Financial Holdings as financial adviser on several transactions. On Thursday, shares in Goldin Financial dropped by as much as 62 percent, closing down 43 percent in the stock's busiest day of trading in almost six years. Shares in both Hanergy Thin Film and Goldin...

  • HONG KONG, May 21- Shares of two companies owned by Chinese billionaire Pan Sutong slumped as much as nearly two-thirds in Hong Kong on Thursday, in the second day of steep share price declines of previously high-flying stocks in the Asian financial hub. Goldin Financial Holdings and Goldin Properties Holdings fell more than 60 percent in Hong Kong trading at...

  • *Shanghai stocks focus on potential positives of weak China PMI. LONDON, May 21- World shares hovered near record highs on Thursday after downbeat Chinese manufacturing data put pressure on Beijing for more stimulus and the Federal Reserve signalled an increase in U.S. interest rates is still some way off. Top euro zone leaders will meet later in Latvia, where...

  • SHANGHAI, May 21- China's main stock indexes hit seven-year closing highs on Thursday despite a weak factory activity survey, and intense buying pushed Shenzhen's start-up board ChiNext up more than 3 percent to another record. Chinese factory activity contracted for the third month in May and output shrank at the fastest rate in just over a year, HSBC's China...

  • HONG KONG, May 21- Hong Kong's sluggish primary market for offshore yuan bonds has received a boost from a regular customer, China's Ministry of Finance. The MOF this week completed the sale of 14 billion yuan in bonds, supporting development of the so-called dim sum bond market as it continues efforts to internationalize China's currency.

  • UPDATE 1-Hangzhou shows the way to China's new economy Thursday, 21 May 2015 | 2:17 AM ET

    *Zhejiang capital Hangzhou a high-tech and software sector. *Hangzhou is home to Alibaba, taxi app Kuaidi Dache. HANGZHOU, China, May 21- Signs that China's reforms may be paying off have sprung up in the eastern coastal city of Hangzhou, where a booming high-tech and software sector has fired up the local economy in defiance of a nationwide slowdown.

  • SHANGHAI, May 21- China could fully liberalise its interest rate regime as early as July and almost certainly by the year-end, according to money market traders gearing up for the change. "July is a window because it will be the second anniversary of China's liberalisation of its loan rates in July 2013," he said. But banks' response to the change was muted, with China's...

  • *Shanghai stocks focus on potential positives of weak China PMI. TOKYO, May 21- Stock market gains were capped on Thursday in much of Asia in the wake of China's downbeat factory activity data, but shares in Shanghai focused on the potential positives from the weak reading and rallied. Spreadbetters forecast a slightly lower open for Britain's FTSE, Germany's DAX...