Interim reports of 16 A-shares listed Chinese banks posted slight profit growth, thanks to their overseas business offsetting the impact of the slowing-domestic economy.
As interim report disclosure is drawing to a close, editors reviewed the performance of the industries with traditional big-cap stocks, finding that the securities, insurance and electricity industries presented satisfying result in the first half of this year; while the banking, coal and oil industries declined significantly.
The 16th meeting of the 12th secession of the Standing Committee of the National People’s Congress held on Aug. 29 passed the resolution on the Proposal on Quota of Local Government Debt in 2015 for Deliberation and Approval of the State Council.
Tear-jerking romance "Go Away Mr. Tumor" ruled China's box office in the week ending Aug. 23, pulling in 225 million yuan (35 million U.S. dollars).
Chinese currency has been stable against the U.S. dollar for a week, suggesting the market has calmed down after last week's jolting depreciation.
The State Council, China's cabinet, on Wednesday decided to extend tax breaks to more small businesses, recognition of their roles in generating jobs and growth.
The Ministry of Finance announced Wednesday that it has allocated 860 million yuan (136.5 million U.S. dollars) to fight flood and drought.
Tear-jerking romance "Go Away Mr. Tumor" ruled China's box office in the week ending Aug. 16, pulling in 185 million yuan (28.9 million U.S. dollars) after opening on Aug. 13.
China is racing against time to build high speed rails as annual investment targets are still far from completion, shedding light on its needs to shore up growth.
Chinese currency the yuan halted a three-day slide after the central bank soothed market sentiments on Thursday, reversing short but sharp declines triggered by a foreign exchange (forex) policy change.
The recent sharp depreciation of China's currency is just a temporary correction after a change in the country's central parity rate formation system.
The Chinese currency renminbi (RMB), or the yuan, should remain strong in the long run, a central bank official said Thursday, after worries that the bank's adjustment of the exchange rate mechanism earlier this week would lead to a slump in the currency.
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened by 35 basis points to 6.3975 against the U.S. dollar on Friday after a three-day slump, according to the China Foreign Exchange Trading System.
Chinese yuan extended its decline on Wednesday but is unlikely to depreciate significantly as the central bank and stable fundamentals will not allow the currency to go into freefall.
The central bank on Tuesday revised the yuan's central parity rate formation system to give the market a louder voice, and the market answered - with a sharp fall.
The rise of gold as part of China's international reserves and the central bank recently publishing yuan-denominated external debts are conducive to a stable yuan, analysts said on Monday.
The Chinese government is under high pressure to meet its budget target for central fiscal revenue this year, finance minister Lou Jiwei warned on Sunday, citing slowing fiscal revenue growth.
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