China opens cities early to foreign lenders
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BEIJING China on Wednesday opened its ancient capital of Xi&#39;an and an industrial city in the northeast to overseas banks, a year earlier than planned, as it eases restrictions on their expansion.
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BEIJING : China has decided to raise its benchmark one-year lending rate to 5.58 percent from 5.31 percent with effect Friday, the first such move in nearly a decade, the central bank said on its website.
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China's central bank on Thursday raised interest rates for the first time in nearly a decade, signaling deepening unease with the breakneck pace of development and an intent to reign in a construction boom now sowing fears of runaway inflation.
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A CITY will hold its traditional Chinese New Ye
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Chinese banks will be able to invest client money in British stocks and mutual funds, China said after a striking a deal with the European nation's regulators.
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Urged on by China's government and armed with credit from state-owned banks and stock market listings, many Chinese manufacturers are going global.
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Beijing. (Interfax-China) - China will speed up economic restructuring and reform and the adoption of market-based systems. Meanwhile, China will continue to maintain its open-door policies and meeting its
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China has raised its core interest rates for the first time in nine years, as the country&#39;s central bank moves to rein in the booming economy.
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A financial portal is born in China.
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China remained an attractive destination for foreign investors who poured in 43.6 billion dollars during the first eight months of the year, 18.8 percent more than the same period last year, the government said.
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As Chinese companies cut into their market share at home, European businesses are stepping up demands for China to open its own vast markets and ensure a level playing field with local firms.
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China should open its financial sector further to foreign competition to help it become more than an exporter of low-cost manufactured goods, U.S. Treasury Secretary Henry Paulson said on Thursday.
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China&#39;s banking regulator said it will provide &quot;active consideration and prior approval&quot; for overseas banks wanting to buy stakes in lenders based in the country&#39;s northeast.
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China Investment Corp., the nation's huge sovereign wealth fund seen as a tool to project Beijing's economic clout, was invited Friday by Britain's prime minister to set up its first overseas office.
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China will start offering 10-year residency permits to &#39;high-level&#39; foreigners who bring in important investments or business skills, exempting them from rules that require most foreigners to renew visas annually, officials said Friday.
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HONG KONG HSBC Holdings and Standard Chartered have received licenses to conduct local-currency business with Chinese companies in Beijing, the first overseas banks to gain greater access to the nation&#39;s capital.
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Foreign firms are lining up to invest in China. But Beijing seems increasingly loath to let them in