Chinese mainland's A-share market extended its rally for the fifth day since last week's rate cut, reigniting flames of hope that a bull market is imminent.
A market to directly trade currencies of South Korea and China, rather than brokering the two currencies with the U.S. dollar, was opened here in Seoul Monday, taking its first step toward Chinese yuan's internationalization efforts in Northeast Asia.
U.S. stocks managed to close in positive territory Wednesday as investors tried to assess the strength of the U.S. economy by a string of mixed economic data.
The interest rate cut is set to become another major boon for the sluggish property market and, following the easing of mortgage rules on Sept. 30, will fuel demand, analysts said.
Hong Kong's Chief Executive CY Leung said Tuesday the Shanghai--Hong Kong Stock Connect is an important measure to expand Hong Kong's financial market as the city will be gateway for bringing overseas capital into the Chinese mainland.
Despite increased competition in the booming Gulf Arab construction market, Chinese representatives told Xinhua at The Big 5, the biggest annual Middle East construction fair which started here on Monday, that they still see potential for more business in the region.
Investors reacted to the official opening of the historic Shanghai-Hong Kong stock connect with a mixture of enthusiasm and prudence on Monday.
Investors reacted to the official opening of the historic Shanghai-Hong Kong stock connect with a mixture of enthusiasm and prudence on Monday.
As Chinese President Xi Jinping said at the APEC CEO summit on Sunday, reform and innovation are of great significance to the economy of China as well as that of the world, the Chinese government is pushing forward a host of reforms, aiming to give more opportunities to those who embrace reform and innovation.
Despite the moderation of economic growth rate, China still represents a huge market for multinational businesses, in which Caterpillar intends to continue to invest and embrace opportunities in next 40 years, said Caterpillar CEO Doug Oberhelman.
A much-anticipated pilot project to connect stock trading in Shanghai and Hong Kong aims to open up A-shares and usher in further reform in China's capital market.
Deepening reform in an all-round way, China, the host of the ongoing Asia-Pacific Economic Cooperation (APEC) meetings, is confident to give new impetus to the development of the Asia-Pacific region and the world.
The U.S. dollar rose against other major currencies Wednesday on upbeat jobs data and the Republican Party's victory in midterm elections, arousing market speculation that more business-friendly policies would come out in Washington.
South Korea's central bank said Monday that it has picked 12 local and foreign banks as market makers for the direct trading between currencies of South Korea and China to boost transactions in the Won-Yuan market, which is scheduled to be launched here in December.
Chinese manufacturer Xiaomi continued its domination of the Chinese smartphone market as the company's Red Rice 1S and Rice Note models topped sales charts in the third quarter, according to the latest smartphone sales data.
China will open bank card clearing to foreign companies to improve competition and reduce costs to card issuers and users.
The Federal Reserve decided Wednesday to end its six years of pump-priming, as it sees the economy is improving on track from the worst financial crisis in decades. It also pledged to keep low interest rates in the longer run to nurture the hard-earned recovery.
简体中文
