Britain stepped up its bid to become a leading trading partner with China with the launch of the first offshore renminbi government bond.» Read More
LONDON, Sept 12- Britain will become first Western government to issue an offshore bond in China's renminbi currency, finance minister George Osborne said on Friday, deepening efforts to build financial links with the world's No.2 economy.
LONDON, Sept 12- Britain said on Friday that it was about to sign commercial deals with China worth more than 2.4 billion pounds, as finance minister George Osborne prepared to meet China's Vice Premier Ma Kai in London.
NEW YORK— Chinese e-commerce company Alibaba Group is seeking to raise up to $24.3 billion in an initial public offering on the New York Stock Exchange, which would value the company at $163 billion. 1. Agricultural Bank of China Ltd. raised $22.12 billion in its June 2010 debut in Hong Kong and Shanghai.
HONG KONG, Sept 3- Hong Kong's benchmark index made its largest daily gain in 9-1/ 2 months on Wednesday to close at its highest level since May 2008, while China's onshore markets took heart from upbeat results of two surveys on service sector activity.
LONDON, Aug 29- Copper edged higher on Friday as the euro steadied, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand.
SYDNEY/ LONDON, Aug 29- Copper edged higher on Friday as the euro strengthened, but prices were still on track for their biggest monthly loss since March on worries that rising tensions in Ukraine could set back global growth and hit metals demand.
SYDNEY, Aug 29- London copper futures were mostly unchanged on Friday, but prices were on track for their biggest monthly loss since March on worries that escalating tensions in Ukraine could set back global growth and hit metals demand. *The most-traded October copper contract on the Shanghai Futures Exchange fell 1 percent to 49,740 yuan a tonne.
The subpoenas are aimed at a US $4.7 bn facility provided by China Development Bank, ICBC and BOC to finance the construction of two hydroelectric dams in Patagonia and a US $2.1 bn loan from China Development Bank and ICBC to finance the Belgrano Cargas railway project.
HONG KONG, Aug 28- Hong Kong's benchmark index finished at a two-week low in choppy conditions on Thursday, hurt by continued weakness in the Chinese onshore market and poor corporate earnings. The Hang Seng Index closed down 0.7 percent at 24,741.00 points. China Construction Bank and Industrial and Commercial Bank of China both shed 1.2 percent.
HONG KONG, Aug 28- China shares slipped on Thursday as a batch of initial public offerings started taking subscriptions, diverting money from existing stocks and pulling down the indexes to multi-week lows. Agricultural Bank of China, joining two other major banks, late on Tuesday reported slowing profit growth and rising bad loans for the second quarter.
Weakness in the mainland market pared gains in Hong Kong, which had opened up 0.6 percent following another steady performance by Wall Street, where indexes hovered near record highs. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.2 percent.
BEIJING, Aug 26- Industrial and Commercial Bank of China has deployed a new IBM mainframe computer system, the two companies said on Tuesday, boosting the U.S. technology giant's credentials in the country.
HONG KONG, Aug 25- China shares slipped on Monday as investors set aside money for coming initial public offerings, while the Hong Kong market also edged lower. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.1 percent.
Goldman Sachs was one of the first to spot the potential in China for preferred shares, a form of hybrid security which listed companies can sell to raise capital with minimal dilution in the value of shares held by existing stakeholders.
Asian stocks traded mixed on Thursday, with Chinese shares significantly lower after a lower-than-expected preliminary reading of mainland manufacturing activity.
Most Asian bourses traded higher on Thursday following a firmer finish on Wall Street overnight.
HONG KONG, Aug 13- China shares surrendered most early gains and ended flat on Wednesday after disappointing economic data sparked worry a recovery may be at risk despite government efforts to shore up growth.
HONG KONG, Aug 13- China and Hong Kong shares reversed gains and slipped into the red on Wednesday, after central bank data showed Chinese banks lent far less money than expected in July while money supply growth eased.
Most Asian bourses followed Wall Street higher on Tuesday, except Chinese and Indian shares which failed to track Asia-wide gains.
Chinese banks are cutting off riskier borrowers, tightening lending terms, and deploying teams of investigators to assess the risk of loan defaults.