The People’s Bank of China (PBOC), the country’s central bank, announced Friday it will raise the deposit reserve requirement ratio (RRR) for Chinese financial institutions by 0.5 percentage points from February 25 this year.
The ratio would not change for small financial institutions, such as the rural credit cooperatives, as the PBOC wants to support the [...]
Australian coal and iron ore company Resourcehouse said over the weekend it had signed a record $60 billion coal supply deal with Chinese power stations, a move analysts said underscored Chinese companies’ growing demand for energy to fuel the country’s economic development.
Resourcehouse will supply 30 million tons of coal annually over 20 years to China [...]
The average return of funds managed by overseas institutions to trade in yuan-denominated shares jumped 77.14 percent in the first 11 months of this year, bolstered by the surging stock market, an industry report said.
The performance outshone the 69.44-percent average return through November of funds which are managed by domestic firms, according to research firm [...]
The composite Consumer Price Index (CPI) of Macao for October 2009 decreased by 1.10 percent year-on-year, according to the figures released on Tuesday by the city’s Statistics and Census Service (DSEC).
The figures showed that Composite CPI for October fell to 126.1,of which the price index of education fell substantially by 18.95 percent. Besides, falling prices [...]
The underlying consumer price index of Hong Kong for October fell 0.3 percent year on year, statistics authority said Friday.
The composite consumer price index rose by 2.2 percent year on year, representing a larger growth than that in September, the Census and Statistics Department of the Hong Kong Special Administrative Region (HKSAR) government said.
However, the [...]
China’s bank loan demand is predicted to increase steadily, and the consumer price will continue to rebound in the fourth quarter, the central bank said in a report Friday.
The expected credit surge is due to hefty capital demand for a number of under-construction projects, and reheating of the real estate sector, according to the quarterly [...]
