Hong Kong's Treasury Markets Association (TMA) Thursday announced its plan to launch the CNH Hong Kong Interbank Offered Rate fixing (CNH HIBOR fixing) in June 2013.
New home prices rose in almost all major Chinese cities in March, as transactions soared ahead of renewed government control measures, according to data issued by the National Bureau of Statistics (NBS) on Thursday.
Although economic figures for March indicated a more stable economy in China, overcapacity continues to trouble the country's industries.
U.S. stocks rose for a third straight day on Wednesday, sending both the Dow Jones Industrial Average and the broader S&P 500 to all-time closing and intraday highs.
China's average housing prices nationwide have more than tripled over the last decade, with some areas seeing prices grow by 10 times the original price. Experts are debating whether there is a bubble in the market and whether prices will continue to skyrocket.
A total of 20,536 chickens, ducks, geese and pigeons from a live poultry trading zone in Shanghai were slaughtered after the H7N9 virus was detected there, Shanghai authorities said Friday.
The Standard & Poor's 500 (S&P 500) and the Dow Jones Industrial Average Indices on Thursday ended with their new record closing highs and wrapped up the quarter with amazing gains.
A month of heated debate, guesswork and worrying has ultimately come to an end with cities across China confirming details of planned property curbs that have loomed large over the market.
The S&P 500 rallied so close to its record closing high in the first hour of Monday' s trading, just 0.24 points shy of that level, boosted by a last-minute bailout deal for Cyprus.
China's stock market has been among the weakest part of the nation's economic rise, and the securities regulator is among the most thorny ministerial posts in the country's bureaucratic system.The tricky job is now the responsibility of banking veteran Xiao Gang.
A strong market rally lift the Dow Jones Industrial Average Index to a new all-time high on Tuesday, as investors' confidence and risk appetite kept growing amid improving global economy.
U.S. stocks surged on Tuesday, sending the Dow Jones Industrial Average to a new all-time closing high and intra-day high, as investors became more confident in the stock market.
Amid the public's calls for the government to stabilize housing prices, Premier Wen Jiabao said China will "firmly rein in" speculative and investment-driven housing demand.
At a time when the public are increasingly sensitive about price hikes, news of an outright contrast of oil price between mainland and Taiwan immediately landed like a torpedo in cyberspace.
Home prices kept rising at a quicker pace in major Chinese cities last month, underscoring the necessity of government measures to cool the property market, data showed on Friday.
China will strictly implement and improve housing market tightening measures and ensure that the policies remain steady, the State Council said Wednesday at the last executive meeting of the incumbent government.
China's e-commerce giant Jingdong Mall announced Saturday that it has secured 700 million U.S. dollars in its latest fundraising effort.
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