Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks wil» Read More
*Copper has lost almost 5 pct on China demand worries. LONDON, March 7- Copper fell to its lowest level in more than three months on Friday on concerns about slower economic growth in top consumer China as Beijing shifts to a consumption-driven expansion which would curb its demand for the industrial metal.
SHANGHAI, March 7- China recorded its first domestic bond default as expected on Friday when loss-making solar equipment producer Chaori Solar missed an interest payment, setting a landmark for market discipline in the world's second-largest economy.
HONG KONG, March 7- China shares ended a jittery week with a whimper on Friday, with a slip by financial and property stocks as investors braced for a possible bond default by Chinese solar equipment producer Chaori Solar. The CSI300 of the largest Shanghai and Shenzhen A-share listings shed 0.2 percent on the day and 0.5 percent on the week.
SHANGHAI, March 7- China's yuan edged higher against the dollar on Friday for the fourth straight session after the central bank set another stronger midpoint, but the momentum appeared to be slowing, traders said.
SHANGHAI, March 7- China's first domestic bond default looked set to occur as expected on Friday as there was no sign of a last-minute bailout for solar equipment producer Chaori Solar, an event seen as a landmark for market discipline in the world's second-largest economy.
*Investors cheer Sinopec chairman comments, lift PetroChina too. HONG KONG, March 7- Chinese oil giants Sinopec and PetroChina outperformed the broader Hong Kong and China stock markets early on Friday, on hopes that both companies will be beneficiaries of policy reforms at the ongoing National People's Congress.
SHANGHAI, March 7- The threat of China's first domestic bond default has prompted Suining Chuanzhong Economic Technology Development to delay a one billion yuan debt issue and two other companies have halted deals blaming market volatility.
By Clare Jim and Yimou Lee. HONG KONG, March 7- The days of Chinese developers snatching up premium properties with record-breaking offers are coming to an end as cooling measures bite and sale prices are squeezed, ending the reign of a handful of "land kings" in the world's second-largest economy.
BEIJING, March 6- China's Juneyao Group, which operates an airline based in the eastern city of Shanghai, is in talks with planemakers Boeing and Airbus to order more than 20 planes, its chairman said on Thursday. The chairman, Wang Junjin, said the planes would be used for a budget carrier Juneyao plans to set up in the near future.
HONG KONG, March 6- China shares ended higher on Thursday, erasing early losses on strength in property stocks as investors cheered news reports that raised hopes steps will be taken to limit mainland home-price declines.
SHANGHAI, March 6- China's yuan strengthened for a third straight session on Thursday as corporate dollar sales dominated amid signs that the central bank was staying on the sidelines, allowing the Chinese currency to recover from its recent weakness.
*Tencent hits record after China Unicom cooperation agreement. HONG KONG, March 6- China shares fell to their lowest levels in a week early Thursday, then rebounded and boosted Hong Kong markets as property stocks gained on hopes steps will be taken to limit mainland home-price declines.
*Default positive for rational risk pricing in China- analysts. The warning by Shanghai Chaori Solar Energy Science and Technology Co Ltd highlights rising credit risk in China, where a massive run-up in corporate debt since 2008- and overcapacity in sectors such as steel, coal and solar- have threatened the solvency of many borrowers.
SHANGHAI, March 5- China's yuan had its best day since late 2012 on Wednesday, as the central bank appeared to reduce its intervention in the market, freeing the currency to reverse a large chunk of its losses since mid-January.
*Japan cabinet will set bitcoin rules on Friday. *Japan struggling to define its response after Mt. TOKYO, March 5- Japan will this week set out rules on how to handle bitcoins, the first sign that the government is taking action on regulating the virtual currency after the collapse last week of Tokyo- based Mt.
*China maintains 7.5 pct growth target for 2014, Congress starts. *China domestic copper discounted to ShFE, reflects tepid demand. SYDNEY, March 5- Base metals rallied on Wednesday as China's leaders reaffirmed a solid growth target for the year ahead and as tensions in Ukraine appeared to ease.
HONG KONG, March 5- China shares sank on Wednesday, led by the banking sector on fears of a possible default by a listed company and on Beijing's plan to introduce deposit insurance, a move towards freeing up deposit rates. The CSI300 of the largest Shanghai and Shenzhen A-share listings also dropped 0.9 percent.
SHANGHAI, March 5- China's yuan firmed slightly against the dollar on Wednesday as the central bank appeared to reduce its intervention in the market, having engineered a sudden depreciation of the yuan since last month, traders said. Dollar purchases by state banks-- a sign of intervention by the People's Bank of China-- appeared to subside this week, traders said.
*China tech, Macau casinos outperform tepid market. *Coal stocks sink after Beijing declares' war' on pollution. HONG KONG, March 5- Hong Kong and China shares were sluggish early on Wednesday, with the Chinese banking sector weaker on worry about a possible default by listed company and Beijing's plan to introduce deposit insurance.
*Default would be first-ever in China's domestic bond market. The warning by Shanghai Chaori Solar Energy Science and Technology Co Ltd highlights the rising credit risk in China, where record levels of corporate debt are likely to accelerate a spate of restructuring and trigger more defaults.