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Shanghai shares rise as loose monetary stance stays

Business | Securities
2009-11-12

SHANGHAI'S stock market rose in the morning session after the central bank said that it would maintain a relatively easy monetary policy. The benchmark Shanghai Composite Index was up 0.65 percent, or 20.17 points,...

PBOC seeks to maintain balance

Business | Macro-economy and policy
2009-11-12

CHINA'S central bank yesterday said it will step up efforts to balance inflation perception and economic growth as it continues to implement the relatively easy monetary policy. "We will make the policy more flexible...

Cops capture 11m fake yuan

Metro | Crime and public security
2009-11-4

CITY police have confiscated a record 11 million yuan (US$1.6 million) in fake bank notes and captured 280 suspects in a crackdown that began in January. Although Shanghai is not a big producer of fake money, it...

PBOC sees rise in loans, prices

Business | Macro-economy and policy
2009-10-31

DEMAND for bank loans in China is predicted to increase steadily, and consumer prices will continue to rebound in the fourth quarter, the central bank said yesterday. The expected credit surge is due to hefty capital...

Call to hold more euros, yen

Business | Macro-economy and policy
2009-10-27

CHINA should increase the holdings of euros and yen in its foreign exchange reserves, said a senior official with the People's Bank of China, the central bank. The United States dollar should retain the largest...

China urged to hold more euro, yen

Business
2009-10-26

CHINA should increase its holdings of euro and yen in its foreign exchange reserves, said a researcher with the People's Bank of China. The United States dollar should retain the largest weight in the reserve,...

Mortgages take up 50% of new loans

Business | Banking
2009-10-16

MORTGAGE loans accounted for half of the new yuan lending in Shanghai in September as home buyers bought property on fears that prices may rise further. Chinese banks granted 13.8 billion yuan (US$2 billion) in...

China sees new yuan loans rise to US$76b

Business | Macro-economy and policy
2009-10-15

CHINA'S new yuan-denominated loans in September rose to 516.7 billion yuan (US$75.68 billion) from August's 410.4 billion yuan, the People's Bank of China, the central bank, said yesterday. New yuan-denominated...

Rise of 131% in credit card defaults

Business | Banking
2009-9-18

CREDIT card defaults in China in the second quarter more than doubled from a year earlier, but analysts said the risk for card issuers remains under control. The value of credit card accounts in arrears six months...

Shanghai shares rise on stronger output and spending

Business | Securities
2009-9-11

SHANGHAI'S key stock index ended slightly higher in the morning session after China's top statistics bureau said growth of the nation's industrial production and investment accelerated last month. The benchmark...