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Stock Market / Finance in China

  • Wall Street falls on China, NAFTA concerns

    CHINA, 2018/01/11 The three major U.S. stock indexes ended lower on Wednesday next a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key trade agreement. The S&P and the Nasdaq snapped a six-day rally next Bloomberg reported that China, the world’s biggest holder of U.S. Treasuries, could slow or stop buying the government bonds. The statement sent Treasury yields to a 10-month high.
  • China likely to set M2 growth target at record low next year

    CHINA, 2017/12/26 China is likely to set its 2018 money increase target at an all-time low of around 9 % to curb deficit risks and contain investment bubbles, the official China Daily reported on Monday, citing economists involved in high-level policy discussions. Financial risks have become the biggest threat to the country’s economic stability in the medium and long term, the China Daily said.
  • Bitcoin just started trading on the world’s biggest exchange

    AFGHANISTAN, 2017/12/19 Bitcoin futures started trading Sunday night at CME Group Inc.’s venue, a week next Chicago rival Cboe World Markets Inc. introduced similar derivatives on the volatile cryptocurrency. CME is a much bigger player in futures, so a lot of traders expected it to make a bigger splash in the nascent space. CME got off to a faster start with additional efficient pricing. Its most-active arrangement changed hands 221 times in the initial hour versus 570 during Cboe’s debut. But that’s a win because CME’s contracts are five times additional precious — they’re tied to five bitcoins compared with only one with Cboe’s futures.
  • BRICS countries considering own cryptocurrency as settlement mechanism

    CHINA, 2017/09/07 The BRICS Finance Committee is discussing a joint virtual currency for the five country bloc of developing economies, according to the Russian Direct Investment Fund (RDIF) chief Kirill Dmitriev. During the BRICS Summit in Xiamen, Dmitriev told journalists that Brazil, Russia, India, China and South Africa could develop its own alternative to other payment tools. "While there is a focus on settlements in national currencies, cryptocurrencies are as well being discussed as one of the possible settlement mechanisms," Dmitriev explained.
  • Rise in China's forex reserves indicates stabilized capital flow, firmer economy

    CHINA, 2017/08/15 The rise in China's foreign exchange reserves in July reflects the facts that the country's cross-border capital flows have stabilized and that Chinese economy stands on a firmer footing, analysts said here on Tuesday. China's foreign exchange reserves reached 3.081 trillion U.S. dollars by the end of July, marking a sixth consecutive rise, according to the People's Bank of China. It is the initial time that the reserves expanded for six months in a row since June 2014.
  • china Mainland sees 4.3% fall in FDI in April

    CHINA, 2017/06/20 FOREIGN direct investment in the Chinese mainland retreated mildly from a year ago in April, data from the Ministry of Commerce showed yesterday. The FDI fell 4.3 % from a year before to 59.91 billion yuan (US$8.7 billion) in April, in contrast to a 6.7 % increase in March, said a statement posted on the ministry’s website. Last month saw 3,343 new foreign-funded enterprises set up on the mainland, up 42.7 % year on year.
  • Yuan strengthens to almost 7-month high

    CHINA, 2017/06/20 THE yuan surged to a near seven-month high yesterday, following news that China was mulling a new yuan pricing formula to enhance stability. Spot yuan strengthened through 6.8 per US dollar for the initial time since November 11 in early trade before retreating and settled at 6.8061 by the close of trade in China. The 4:30pm settlement price was still nearly 0.2 % firmer than the previous late session close.
  • China ready to improve security cooperation among SCO members

    CHINA, 2017/04/07 China will make efforts to improve security cooperation part members of the Shanghai Cooperation Organization (SCO), said Chinese National Councilor Guo Shengkun here Thursday. China is ready to work jointly to increase mutual political support and cement strategic mutual trust part SCO members, said Guo, at the same time as addressing the 12th session of the SCO security council secretaries in the Kazakh capital of Astana.
  • China-Portuguese Speaking Countries Cooperation Fund presented in Macau

    CHINA, 2017/01/23 A presentation session of the China-Portuguese Speaking Nations Cooperation and Development Fund and the investment framework for investment in Portuguese-speaking nations is due to take place on 25 January in Macau, organised by the Macau Institute for Trade and Investment Promotion (IPIM). This session is co-organised by the Macau Economic Service, the Finance Services Bureau and the Macau Monetary Authority and support is provided by the Permanent Secretariat of the Forum for Economic and Trade Cooperation between China and Portuguese-Speaking Nations.
  • Morocco and China sign $1.54bn currency swap agreement

    CHINA, 2016/05/16 In a statement published on May 11, 2016, the Central Bank of China announced it has signed with its Moroccan counterpart a currency swap agreement valued at $1.54 billion. The agreement which was signed on the initial day of Moroccan kin Mohammed VI in China should extend over three years and facilitate bilateral trade between the two nations.