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Tibet sets up investment company to promote growth, development
Southwest China's Tibet Autonomous Region established its first investment company on Wednesday to promote economic development.
Posted on 05 Oct 2008 - Source: Xinhua
Hong Kong ready to ease local banks liquidity crunch: HKMA chief
Hong Kong Monetary Authority ( HKMA) may consider further measures to enhance the city's ability to cope with turbulent liquidity conditions if necessary, HKMA Chief Executive Joseph Yam said here Thursday.
Posted on 05 Oct 2008 - Source: People's Daily
Private equity investment down 70% in August
Disclosed private equity investment in China in August was $410 million, down almost 70 percent month-on-month, a consultant's report said on Saturday.
Posted on 05 Oct 2008 - Source: Xinhua
China buys $14.9b of US treasury bonds
According to statistics released by US Treasury on September 17, China held $518.7 billion worth of US treasury bonds in July, $14.9 billion more than in June.
Posted on 05 Oct 2008 - Source: China Daily
Airbus CEO: China important future market
TIANJIN, Sept. 27 (Xinhua) -- Airbus Chief Executive Officer Thomas Enders said here on Saturday, he plans to expand his company's manufacturing and engineering projects throughout the world.
Posted on 27 Sep 2008 - Source: Asia Times
China punishes 12 financial institutions for money laundering
BEIJING, Sept. 27 (Xinhua) -- The People's Bank of China punished 12 financial institutions involved in money laundering in the first half of this year with fines totaling 2.25 million yuan (328,654 U.S. dollars), the central bank revealed late Friday.
Posted on 27 Sep 2008 - Source: Chinanews.cn
China's economy in good shape despite global financial chaos
TIANJIN, Sept. 27 (Xinhua) -- China's economy was in good shape and capable of maintaining financial stability despite global chaos, Liu Mingkang, chairman of the China Banking Regulatory Commission (CBRC), said on Saturday.
Posted on 27 Sep 2008 - Source: China Daily
China Telecom plans multi-billion dollar upgrade of CDMA network
BEIJING, Sept. 27 (Xinhua) -- China Telecommunications Corporation (Telecom Group) said on Saturday it would invest 80 billion yuan (11.69 billion U.S. Dollars) to upgrade its newly acquired CDMA network.
Posted on 27 Sep 2008 - Source: Xinhua
Bank of China to buy into Rothschild venture
BEIJING, Sept. 20 -- The Bank of China is to buy a 20-percent stake in La Compagnie Financiere Edmond de Rothschild for 236 million euros (342 million U.S. dollars).
Posted on 22 Sep 2008 - Source: Xinhua
Sliding oil price to benefit China economy
BEIJING, Sept. 20 (Xinhua) -- Depressed by the global economic recession and Wall Street turmoil, the price of crude oil plummeted heavily this week. Market analysts said the drop would bolster China's economic development.
Posted on 22 Sep 2008 - Source: Chinanews.cn
Central bank official: China confident in financial market stability
BEIJING, Sept. 21 (Xinhua) -- China is confident and capable of maintaining a stable financial market amid world industry turmoil, a central bank official has said.
Posted on 22 Sep 2008 - Source: Chinanews.cn
IBM and Volvo plan to set up trade unions in China
BEIJING, Sept. 20 -- Software giant IBM and Swedish automaker Volvo are among the latest batch of Fortune 500 companies doing business in China that plan to set up trade unions in the country, a senior union official said on Friday.
Posted on 22 Sep 2008 - Source: Xinhua
