China will deposit 50 billion yuan (US$7.3 billion) of government cash with commercial lenders this month in a move to make more funds available for lending and bolster return of its treasury funds.
The cash will be deposited at banks for six months from Wednesday to May 26, 2009, the People’s Bank of China said in [...]
Shanghai’s key stock index fell yesterday in the wake of a tumble on Wall Street as jittery investors showed their concern over the deepening financial crisis.
The Shanghai Composite Index dropped 0.72 percent, or 14.37 points, to 1,969.39, after reaching an intraday low of 1,893.15. Losers outnumbered gainers 640 to 208 while 18 remained unchanged. Turnover [...]
China should encourage listed companies to disclose information voluntarily and enhance punishment if rules for revealing corporate information are violated, said the Shanghai Stock Exchange in a report.
To build up a transparent capital market, China should ensure that listed firms practice good governance and that they should voluntarily disclose information in order to protect the [...]
Shanghai’s key stock index ended lower yesterday following the tumble of the United States market, but the textile sector narrowed the losses on the news of a rise in textile export rebates.
The Shanghai Composite Index dropped 1.67 percent, or 33.71 points, to 1,983.76, after reaching an intraday low of 1,956.73.
Gainers outnumbered losers 435 to 412 [...]
China opened a new bonded harbor in the southern Hainan Province yesterday in a major step toward a free trade zone operation with the Association of Southeast Asian Nations.
The Yangpu Bonded Harbor Area is China’s fourth such facility to have preferential tax rates. The harbor, with a first phase of 2.3 square kilometers, will cover [...]
China is set to raise export tax rebates on textile products to 17 percent after the government unveiled six measures to shore up flagging exports on Wednesday, analysts said.
Although the move hasn’t been officially announced, there has been much speculation among industry insiders and experts that higher tax rebates are on the way.
Tags: export, tax, [...]
