china-finance

Guoyuan Securities Q1 profit up 32.3%

28 Apr 2009 01:20:43 GMT

Guoyuan Securities Co Ltd<000728> reported RMB 130 million in net profit attributable to its parent company in the first quarter of this year, up 32.30% from a year earlier, and basic earnings per share were RMB 0.089, according to a statement it released on Monday.In the first three months, its operating income...

China Pacific Insurance Q1 profit plunges 88.88%

28 Apr 2009 01:20:43 GMT

China Pacific Insurance (Group) Co<601601>, the country's third largest life insurer by premiums, reported net profit of RMB 200 million in the first quarter of this year, down 88.88% year on year, according to a statement it released on Sunday.The drop in profit is primarily a result of write-offs from equity investment,...

Hang Seng Index down 2.74% on Mon

27 Apr 2009 09:23:43 GMT

Hong Kong stocks fell on Monday, with the benchmark Hang Seng Index decreasing 418.43 points or 2.74% to close at 14,840.42.Mainboard turnover rose to HK$53.012 billion. The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises...

CCB's Q1 profit down 18.22%

27 Apr 2009 09:09:12 GMT

China Construction Bank Corp (CCB)<601939><939>, one of the country's Big Four state-owned commercial banks, reported a net profit of RMB 26.3 billion (US$3.85 billion) for the first quarter of this year, down 18.22% from a year earlier, according to a statement CCB released on Friday....

China Merchants Bank's 2008 net profit surges 38.27%

27 Apr 2009 09:09:12 GMT

China Merchants Bank Co Ltd<600036><3968>, the nation's fifth largest bank by market value, announced that its net profit surged 38.27% from the previous year to RMB 21.08 billion. The earnings per share were RMB 1.43, indicating a year-on-year increase of 37.5%....

Chinese stocks down 1.77% on Mon

27 Apr 2009 09:09:12 GMT

Chinese stocks ended slightly lower on Monday, mainly dragged by stocks in the agriculture, food, liquor and steel sectors.The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, decreased 1.77% or 43.25 points to 2,405.35 points after fluctuating...

Hang Seng Index finishes 2.73% lower at midday

27 Apr 2009 07:05:22 GMT

Hong Kong stocks declined 416.03 points or 2.73% to end the morning session at 15,160.69 points, with mainboard turnover standing at HK$31,713 billion.The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock...

China's gold reserves hit 1,054 tons by end-2008

27 Apr 2009 06:45:54 GMT

China, which holds the world's largest foreign exchange reserves, saw its gold reserves reach 1,054 tons by the end of 2008, up 75% or 454 tons from 2003, according to statistics released by the State Administration of Foreign Exchange.China had 600 tons of gold reserve in 2003. The country adjusted its...

Ping An to vote against Fortis' asset sale to BNP Paribas

27 Apr 2009 06:45:54 GMT

Ping An Insurance (Group) Co<601318><2318>, China's second-largest insurer, plans to vote against the sale of Fortis' assets to France-based BNP ParibasThe Chinese insurer, which has a 4.81% stake in Fortis, said in a statement that it would not approve the revised terms of a deal at shareholder meetings in...

Chinese stocks down 1.2% at mid-day

27 Apr 2009 06:45:54 GMT

Chinese stocks ended slightly lower in the morning trading session on Monday led by market heavy weights.The Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged down 1.2% or 29.44 points to close at 2,419.15 points in the morning session....

Franshion Properties posts 64.25% decline in net profit for 08

27 Apr 2009 03:46:51 GMT

Franshion Properties (China) Ltd<817> announced that its net profit plunged 64.25% from the previous year to HK$901 million in 2008. The company mainly attributes the decline to the sharp drop in fair value income in property investment, said He Cao, president of the company鈥檚 board of directors....

Hang Seng Index opens 98 points lower on Mon

27 Apr 2009 03:12:01 GMT

Hong Kong stocks declined on Monday morning, with the benchmark Hang Seng Index opening 98.16 points lower at 15,160.69.The Hang Seng China Enterprise Index, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, opened 72.48 points...

Chinese stocks open 0.21% lower on Mon

27 Apr 2009 02:29:22 GMT

Chinese stocks opened slightly lower on Monday morning.The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened at 2433.44 points, down 0.21% or 5.16 points from the latest closing day....

Sinochem to issue RMB 1 bln in medium-term notes

27 Apr 2009 01:49:55 GMT

Sinochem Corp, the country's biggest chemical trader, announced on Friday it will float RMB 1 billion medium-term notes with a maturity of five years on the interbank market on May 5, The company said in a statement that this batch of notes will be issued at the face value and the coupon rate will be determined...

Hang Seng Index up 0.29% on Fri

24 Apr 2009 09:20:39 GMT

Hong Kong stocks rose on Friday, with the benchmark Hang Seng Index increasing 44.39 points or 0.29% to close at 15,258.85.Mainboard turnover rose to HK$51.735 billion. The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong...

Chinese stocks down 0.62% on Fri

24 Apr 2009 08:08:37 GMT

Chinese stocks ended slightly lower on Friday dragged down by stocks from financial and property sectors. The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged down 0.62% or 15.36 points to 2,448.60 points after fluctuating between 2,481.53...

Hang Seng Index finishes 0.43% lower at midday

24 Apr 2009 06:35:44 GMT

Hong Kong stocks fell 66.14 points or 0.43% to end the morning session at 15,148.32 points, with mainboard turnover standing at HK$31.03 billion.The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange...

Chinese stocks up 0.25% at mid-day

24 Apr 2009 06:10:23 GMT

Chinese stocks ended slightly higher in the morning trading session on Friday boosted by auto stocks.The Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged up 0.25% or 6.24 points to close at 2,470.19 points in the morning session....

Hang Seng Index opens 2.91 points higher on Fri

24 Apr 2009 02:47:34 GMT

Hong Kong stocks rose on Friday morning, with the benchmark Hang Seng Index opening 2.91 points higher at 15,217.37. The Hang Seng China Enterprise Index, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, opened 14.92 points...

Chinese stocks open 0.54% higher on Fri

24 Apr 2009 01:59:53 GMT

Chinese stocks opened slightly higher on Friday following overnight gains on Wall Street. The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened slightly higher at 2,477.16, up 0.54% or 13.21 points from Thursday....

China's lending growth to slow: PBOC official

24 Apr 2009 01:30:44 GMT

The lending growth in China is expected to slow down and remain at a sustainable level in the remaining months of this year, said Yi Gang, vice governor of the People's Bank of China (PBOC) on Wednesday. Reportedly, PBOC has called for the nation's major banks to lend at a steadier and more rational pace on...

Hang Seng Index up 2.26% on Thu

23 Apr 2009 09:23:51 GMT

Hong Kong stocks rose on Thursday, with the benchmark Hang Seng Index rising 336.01 points or 2.26% to close at 15,214.46.Mainboard turnover rose to HK$52.610 billion. The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong...

Chinese stocks up 0.11% on Thu

23 Apr 2009 08:46:36 GMT

Chinese stocks ended slightly higher on Thursday boosted by property stocks.The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, edged up 0.11% or 2.61 points to 2,463.95 points after fluctuating between 2,474.15 and 2,422.79 points....

Chinese stocks down 1% at mid-day

23 Apr 2009 06:16:39 GMT

Chinese stocks ended lower in the morning trading session on Thursday dragged down by stocks from financial and property sectors.The Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, lost 1% or 24.66 points to close at 2,436.68 points in the morning...

PBOC sells RMB 55 bln in 3-month bills on Thu

23 Apr 2009 06:16:39 GMT

The People's Bank of China (PBOC), the central bank, will issue up to RMB 55 billion worth of three-month bills in its regular open-market operation on Thursday. The size of the issuance is smaller than the RMB 75 billion worth of bills sold last Thursday.In addition, PBOC issued RMB 165 billion in 28-day and 91-day...

Hang Seng Index finishes 0.9% higher at midday

23 Apr 2009 06:16:39 GMT

Hong Kong stocks climbed 133.76 points or 0.9% to end the morning session at 15,012.21 points, with mainboard turnover standing at HK$28.663 billion.The Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock...

Asian Investors Must Choose China Or IMF

23 Apr 2009 05:08:08 GMT

KFC remains a hit in China, which sees growth coming back. Stocks could be mixed after U.S. session.

Hang Seng Index opens 79.79 points higher on Thu

23 Apr 2009 04:15:00 GMT

Hong Kong stocks rose on Thursday morning, with the benchmark Hang Seng Index opening 79.79 points higher at 14,958.24.The Hang Seng China Enterprise Index, which tracks the overall performance of 43 mainland Chinese state-owned enterprises on the Hong Kong Stock Exchange, opened 84.11 points...

Chinese stocks open 0.84% lower on Thu

23 Apr 2009 04:10:19 GMT

Chinese stocks opened slightly lower on Thursday, extending yesterday's losses.The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened slightly lower at 2,440.68, down 0.84% or 20.67 points from Wednesday....

My Shopping List

3 Feb 2009 07:09:36 GMT

Millions of Chinese are hitting the roads, traveling back to their hometowns to celebrate the Spring Festival, the country's most important holiday. But amid the festive atmosphere, will their spending during the holiday be affected by the turbulent global economy? How do they intend to ride out the crisis for the rest of the year? Beijing Review interviewed 10 people from all walks of life and various professions about how they are coping with the financial downturn.