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  • China to boost local bond market with collateral rules
  • 2015-05-13
  • China is set to boost local debt swap by admitting municipal bonds as collateral for borrowing. Under the new rule, banks can pledge municipal bonds as collaterals in the central bank's repurchase agreement operations and other liquidity support tools such as standing lending facility (SLF), medium-term lending facility (MLF) and pledged supplementary lending (PSL), reported Si...
  • China announces holiday for V-Day celebration
  • 2015-05-13
  • BEIJING - The Chinese government on Wednesday announced a national holiday for this year's celebration of the 70th anniversary of the victory in World War II. A brief statement published on the website of the Chinese government, www.gov.cn, said the move aims to allow all people nationwide to participate in activities commemorating China's victory in the war against Japanese ag...
  • China's FDI up 11.1% in Jan-April
  • 2015-05-13
  • BEIJING - Foreign direct investment (FDI) on the Chinese mainland jumped 11.1 percent year on year in the first four months of 2015, settling at 273.61 billion yuan ($44.49 billion), the Ministry of Commerce (MOC) said Tuesday. The pace slowed from the 11.3 percent increase registered in the January-March period but far exceeded the annual growth rate posted for 2014 of 1.7 p...
  • Shenzhen set to steal Hong Kong's thunder
  • 2015-05-13
  • Pioneer city in Guangdong reinvents itself with innovation, technology and a young population, reports Bloomberg. Whatever happened to Shenzhen? Remember the place that became China's first special economic zone and spurred the nation's meteoric rise in manufacturing? The little fishing village opposite Hong Kong on the Pearl River Delta that became a sprawling mass of booming...
  • Fresh earthquake kills scores in Nepal and India
  • 2015-05-13
  • A second powerful earthquake in less than three weeks spread panic in Nepal on Tuesday, bringing down buildings weakened by the first disaster and killing at least 66 people. Landslides were reported in Himalayan valleys near Qomolangma, also known as Mount Everest in the West. Seventeen people were killed in Indian states bordering Nepal, according to officials, and one person...
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