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China Banking News. Service for global professionals. Constantly updated news and information about China.
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Latest China Banking News

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  • China should let foreign c.banks buy bonds-lawmaker 18 Dec 2009 04:10 GMT
    ... BEIJING, Dec 18 (Reuters) - China should let foreign central banks invest in ... role as a trade settlement currency, a Chinese lawmaker and former central bank vice governor ...

  • FACTBOX-Key changes in China's property policy 18 Dec 2009 07:45 GMT
    ... BEIJING, Dec 18 (Reuters) - China's residential property prices are expected to post ... 2007 - China bans foreign investors in Chinese real June 11, 2007 - The Commerce ...

  • Stage set for West to impress Chinese 18 Dec 2009 00:30 GMT
    ... competing for a stronger presence in the Chinese market. "The expo will be a great ... strengthen political, economic and cultural relationships between China and the various participants," said Marie Benassi, ... Meanwhile, following a strong campaign at the Beijing Games, American soft drink giant Coca-Cola, which ...

  • Hollywood steps up its China game 11 Dec 2009 00:33 GMT
    ... came to strut their stuff at the China premiere of “This Is It” in October in Beijing. BEIJING -- After last year's Olympics drew ... end to tempt the growing number of Chinese willing to spend up to $30 a ...

  • Xinhua China News Digest at 16:00 GMT, Dec.15 15 Dec 2009 16:30 GMT
    ... Xinhua China News Digest at 16:00 GMT, Dec.15 Dec ... China gets tough on credit card-related crimes BEIJING, Dec. 15 (Xinhua) -- China would step ... -- Temperatures plummeted in Beijing and other Chinese provinces Tuesday, causing flight delays and highway ...

  • ANALYSIS - China property boom to trigger policy action 18 Dec 2009 10:51 GMT
    ... residential area in Wuhan, Hubei province in... China's residential property prices are expected to post ... are likely in the main cities of Beijing, Shanghai and Shenzhen but authorities are likely to ...

  • Nasdaq sees over 30 China listings in 2010 14 Dec 2009 10:55 GMT
    ... BEIJING (Reuters) - Nasdaq OMX Group is aiming ... more than 30 new listings from Greater China companies in 2010, drawing on investor appetites ... a big number," Zheng said. "We hope Chinese companies can go abroad after domestic listing ...

  • Hot Commodities: Precious Metals boom in China 14 Dec 2009 13:12 GMT
    ... it right. Yes, undoubtedly, it is in Beijing, Shanghai and other Chinese cities that bullion and precious metals investors ... to interact on the big potential that China has for the global metals market. It ...

  • China's Gold Boom 15 Dec 2009 10:32 GMT
    ... China is hot. Investors like hot. Gold is ... may have guessed it right. It's China. Beijing, Shanghai and other big Chinese cities now play host to more Bullion ...

  • INTERVIEW - Nasdaq sees over 30 China listings in 2010 14 Dec 2009 13:51 GMT
    ... more than 30 new listings from Greater China companies in 2010, drawing on investor appetites ... business and new listings from China, as Beijing maps out plans to develop domestic capital ... a big number," Zheng said. "We hope Chinese companies can go abroad after domestic listing ...

  • Xinhua China News Digest at 11:00 GMT, Dec.15 15 Dec 2009 11:52 GMT
    ... Xinhua China News Digest at 11:00 GMT, Dec.15 Dec ... China gets tough on credit card-related crimes BEIJING, Dec. 15 (Xinhua) -- China has announced ... Tuesday morning, according to the center. * Chinese beverage executives jailed for stealing from employee ...

  • China pledges steady as it goes 17 Dec 2009 11:10 GMT
    ... By Olivia Chung HONG KONG - China's Central Economic Work Conference, which annually sets ... the first three months this year. The Chinese Academy of Social Sciences, a government think-tank, ... to a Xinhua. To boost domestic spending, Beijing will allow rural populations to migrate to ...

  • China Money: Insurer buying fuels rebound in mid-term notes 11 Dec 2009 09:23 GMT
    ... SHANGHAI, Dec 11 (Reuters) - China's move to let insurers buy medium-term notes, ... Lei, analyst at Bank of China in Beijing. It has already given a shot in ... hot,' said a trader at a mid-sized Chinese bank in Shanghai, who declined to be ...

  • Deutsche Bank opens new branch in Tianjin, China 12 Dec 2009 18:11 GMT
    ... Tianjin, Deutsche Bank (China) Co. Ltd. ("Deutsche Bank China") today announced that ... branch complements Deutsche Bank's existing network in Beijing, Shanghai and Guangzhou and follows approval from the ...

  • AXA puts China Taikang stake sale on hold -sources 11 Dec 2009 11:41 GMT
    ... auction of its 15.6 percent stake in China's Taikang Life on hold on growning concerns ... allowed to speak publicly about the deal. Chinese regulations prohibit overseas groups from having financial ... sources, adding that like most China deals, Beijing has the final say. In addition to ...


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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8281
EUR 1 = CNY 9.7901

Hong Kong Dollar:
USD 1 = HKD 7.7580
EUR 1 = HKD 11.1235

Macau Pataca:
USD 1 = MOP 7.9901
EUR 1 = MOP 11.4562

Taiwan Dollar:
USD 1 = TWD 32.3710
EUR 1 = TWD 46.4139

USD 1 = EUR 0.6974
EUR 1 = USD 1.4338

Closing Stocks:
Shanghai A: 3,266.19(-2.05%)
Shenzhen A: 1,184.28(-3.50%)
Hang Seng: 21,175.88(-0.80%)
Taiwan Taiex: 7,753.63(0.15%)

Country Info About China

Visit the World Factbook for detailed information about China.
 

This Day in History

Dec. 19

British Prime Minister, Margaret Thatcher and Chinese counterpart, Zhao Ziyang signed an agreement for the return of Hong Kong to China in 1997.
What year was it?

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