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China Insurance News. Service for global professionals. Constantly updated news and information about China.
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  • PRESS DIGEST - China - Dec 30 30 Dec 2009 01:32 GMT
    ... BEIJING/SHANGHAI, Dec 30 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on ... capital, the region's information office said. -- China will accelerate efforts to establish next year ...

  • PRESS DIGEST - China - Dec 29 29 Dec 2009 01:31 GMT
    ... BEIJING/SHANGHAI, Dec 29 (Reuters) - Chinese newspapers available in Beijing and Shanghai carried the following stories on ... does not vouch for their accuracy. -- China's new housing sales are expected to reach ...

  • ANALYSIS - China auditors set to take on Hong Kong stock market 30 Dec 2009 10:25 GMT
    ... Hong Kong's pending acceptance of Chinese accounting standards will mark an important advance in Beijing's drive to globalise its financial sector, but ... resolved. The unification of standards will see China firms whose shares trade in Hong Kong, ...

  • China auditors set to take on Hong Kong stock market 30 Dec 2009 19:20 GMT
    ... (Reuters) - Hong Kong's pending acceptance of Chinese accounting standards will mark an important advance in Beijing's drive to globalize its financial sector, but ... resolved. The unification of standards will see China firms whose shares trade in Hong Kong, ...

  • Hong Kong Prepares to Accept Chinese Accounting Standards 30 Dec 2009 20:10 GMT
    ... HONG KONG — Hong Kong acceptance of Chinese accounting standards would be an important advance in Beijing's drive to globalize its financial sector, but ... to different results in Hong Kong and China for certain industries, like insurance, although those ...

  • PetroChina Wins Most Awards at IR Magazine China Awards 2009 26 Dec 2009 15:30 GMT
    ... PetroChina Wins Most Awards at IR Magazine China Awards 2009 Shanghai, Dec 18, 2009 - (ACN Newswire) - ... Brewery Best investor relations by a US-listed Chinese company -- The9 Limited Best investor relations ...

  • Asian Stocks Rise on China, Japan Growth; Won, Copper Advance 28 Dec 2009 06:51 GMT
    ... three-week high and emerging-market currencies strengthened after China raised growth figures and Japan’s industrial production ... Copper advanced to a 15-month high in Shanghai. China’s growth in 2008 was faster than ... World War II. Gains were limited after Chinese Premier Wen Jiabao said the government will ...

  • Weak PRC Recovery Energizes People's Bank of China 23 Dec 2009 14:44 GMT
    ... Weak PRC Recovery Energizes People's Bank of China Beijing. China’s central bank warned on Wednesday that ... the first quarter as exports fell. But Chinese leaders said the recovery was not solidly ...

  • CIRC approves 1st national insurance brokerage firm 31 Dec 2009 00:50 GMT
    ... China Insurance Regulatory Commission (CIRC) today approved the establishment ... yuan, D. Tong is wholly owned by Beijing Fanhua D. Tong Investment Management Co. Statistics from ...

  • China tightens access to capital 23 Dec 2009 21:40 GMT
    ... with Capital Economics, said: "The authorities in Beijing have a long history of announcing reforms that ... little headway. According to the industry ministry, China has new steel plants with an annual capacity ... People's Bank of China with the bank, insurance and securities regulators in the guidelines. The ...

  • HK stocks fall on Chinese banks; China higher 30 Dec 2009 06:00 GMT
    ... Utilities buck Hong Kong's downward trend * China market rises as energy giants gain ground ... down 0.51 percent by midday Wednesday with Chinese banks and insurers leading losses. China stocks ... Tuesday, Chief Executive Donald Tsang said in Beijing that he was pessimistic about the pace ...

  • 1st Ld-Writethru: Chinese shares edge up 0.76 pct, led by ... 23 Dec 2009 12:37 GMT
    ... 1st Ld-Writethru: Chinese shares edge up 0.76 pct, led by telecom operators BEIJING, Dec 23, 2009 (Xinhua via COMTEX) -- ... up by heavyweight gains in the afternoon. China Pacific Insurance Group Co., the country's third ...

  • China CNR Share Debut Is Country's Weakest This Year (Update1) 29 Dec 2009 06:11 GMT
    ... (Adds no shares have fallen in Chinese debuts in fifth paragraph.) Dec. 29 (Bloomberg) -- China CNR Corp. posted the smallest first-day trading ... a public offering in China this year. Beijing-based CNR, which makes rail cars used in ...

  • Utilities, China Mobile erase HK losses; China up 30 Dec 2009 09:57 GMT
    ... * HK stocks trim losses as utilities, China Mobile rise * China shares gain on ... on economic optimism; energy giants up HONG KONG/SHANGHAI, Dec 30 (Reuters) - Hong Kong shares ... at 21,496.62. of top locally listed mainland Chinese stocks eased 0.9 percent to 12,530.77. "Although ...

  • WRAPUP 2-Carlyle's China Pacific IPO up; CNR raises $2 bln 23 Dec 2009 10:01 GMT
    ... KONG/SHANGHAI, Dec 23 (Reuters) - Shares of China Pacific Insurance (Group) Co, the country's third-largest ... After putting around $800 million into the Chinese insurer for a roughly 17 percent stake, ... has generally lagged economic growth this decade. Beijing has budgeted 1.2 trillion yuan for rail ...


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"2010 will be a key year to solidify the economic recovery and overcome the international financial crisis."
— Chinese central bank Governor Zhou Xiaochuan

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Markets

Exchange Rates:

Chinese Renminbi:
USD 1 = CNY 6.8269
EUR 1 = CNY 9.8277

Hong Kong Dollar:
USD 1 = HKD 7.7550
EUR 1 = HKD 11.1638

Macau Pataca:
USD 1 = MOP 7.9878
EUR 1 = MOP 11.4988

Taiwan Dollar:
USD 1 = TWD 31.9850
EUR 1 = TWD 46.0440

USD 1 = EUR 0.6947
EUR 1 = USD 1.4395

Closing Stocks:
Shanghai A: 3,437.46(0.44%)
Shenzhen A: 1,261.26(0.61%)
Hang Seng: 21,872.50(1.75%)
Taiwan Taiex: 8,188.11(0.93%)

Country Info About China

Visit the World Factbook for detailed information about China.
 

This Day in History

Dec. 31

Taiwanese diplomats stroke their colors for the final time from the embassy flagpole in Washington, marking the end of diplomatic relations with the US.
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