Finance in China

Qianhai as the 'Connecticut' of the PRD

An aerial view of Qianhai area. Photo: Reuters

I have news for the Qianhai authorities. People I know in the investment business in New York either congratulate themselves on having long moved out of Manhattan or are grousing at being stuck there.

Thursday, 24 January, 2013, 4:58am

Relaunch of bond futures trading in sight

CSRC chairman Guo Shuqing is seen as a reformer.

Beijing is preparing to officially launch government bond futures after a successful simulated-trading experiment, in a move towards liberalising the interest-rate mechanism.

17 Jan 2013 - 4:22am

Allianz keen to list on Shanghai's foreign board

Allianz wants to grow its business in China. Photo: Bloomberg

Global insurer Allianz is among the large number of foreign companies that are lining up to list on Shanghai's proposed international board.

Other companies that have indicated an interest in obtaining a listing on the new board include HSBC, Bank of East Asia, Coca-Cola and the New York Stock Exchange.

17 Dec 2012 - 5:31am

HKMA supports Shanghai as onshore yuan hub

Norman Chan Tak-lam, chief executive of Hong Kong Monetary Authority (HKMA). Photo: May Tse

Hong Kong Monetary Authority chief executive Norman Chan Tak-lam yesterday pledged to support Shanghai in building an onshore market for the yuan.

Chan said he and Shanghai vice-mayor Tu Guangshao discussed a plan under which Hong Kong would introduce more capital and investors to Shanghai to help create an onshore yuan hub.

13 Dec 2012 - 5:04am

Are online small lenders here to stay?

In China, a group of internet-savvy people are making real money in the virtual world: welcome to the brave new world of person-to-person lending.

24 Oct 2012 - 2:35am

Building up a profile of a fraudster

Some of you may remember the sci-fi movie Minority Report, starring Tom Cruise as a police officer in the year 2054 who apprehends criminals based on foreknowledge provided by psychics - that is, he arrests potential criminals before they have committed a crime. This may be wishful thinking. Or is it?

15 Oct 2012 - 1:53am

Top GEAM fund manager quits to start own business

A top China-focused fund manager at GE Asset Management has quit to start his own business in China.

Zhou Ping, who was managing director for Greater China - including the mainland, Hong Kong, Macau and Taiwan - resigned recently, sources familiar with the matter said.

15 Aug 2012 - 11:15pm

To B or not to B? A question of reform

Speculation that Beijing will drastically overhaul the nation's slumbering hard-currency B-share market has reached fever pitch as the plummeting price of one of the companies on the board sends the firm to the brink of delisting.

15 Aug 2012 - 11:05pm

Ray of hope for long-suffering B-share investors

The nation's securities regulator is taking an initial step towards ironing out the festering issue of the B-share market, offering beleaguered investors a ray of hope after a decade of waiting.

5 Oct 2012 - 7:02pm

Shanghai B-share losses mount for fourth session

Shanghai's hard-currency B shares dropped for the fourth consecutive day yesterday, posting its biggest one-day loss in 10 months, amid rising fears about the tiny market's fate.

The Shanghai B-share Index lost 12.27 points, or 5.64 per cent, to 205.225. It was the biggest daily decline since the indicator tumbled 6.87 per cent on September 22 last year.

31 Jul 2012 - 12:00am

Exchange Fund to cast wider net

The Exchange Fund plans to cast a wider investment net to lift returns after suffering a HK$6.3 billion investment loss in the second quarter.

The fund said it would put more money into property and yuan-based products.

27 Jul 2012 - 12:00am

China's Economic Superpower Aspiration in the New Paradigm

China's Economic Superpower Aspiration in the New Paradigm by Chi Lo Enrich Professional Publishing

Many China watchers view the country's recent ascent through the prism of global political and economic rivalry. They ask: is the mainland getting stronger or weaker vis-a-vis the West, especially the United States?

22 Jul 2012 - 12:00am

SFC studying applications for three more yuan ETFs

The Securities and Futures Commission is in the process of approving three more yuan-denominated exchange traded funds (ETFs) that will allow Hong Kong investors to bet on mainland stocks.

Just two weeks ago, the regulator approved the first yuan ETF, a five billion yuan (HK$6.07 billion) fund issued by China Asset Management (CAM).

16 Jul 2012 - 12:00am

Foreign investors steer clear of Chinese real estate

Foreign investment in mainland real estate dived in the past six months as growing competition from domestic investors and a worsening global economy made it more difficult to raise funds.

5 Jul 2012 - 12:00am

Feast of sovereign bonds a real gift

Bankers say the government's record 23 billion yuan (HK$28.2 billion) dim sum bond offer will boost the city as an offshore yuan trading centre and cement the renminbi as a true international currency.

30 Jun 2012 - 12:00am