HONG KONG, May 21 (Reuters) - Chinese state-controlled insurer PICC Property and Casualty Co Ltd (PICC P&C) is raising 5.76 billion yuan ($938 million) to bolster capital, expecting strong growth and amid signs that profitability of Chinese insurers

HONG KONG, May 21 (Reuters) - Chinese state-controlled insurer PICC Property and Casualty Co Ltd (PICC P&C) is raising 5.76 billion yuan ($938 million) to bolster capital, expecting strong growth and amid signs that profitability of Chinese insurers

HONG KONG, May 20 (Reuters) - Chinese state-controlled insurer PICC Property and Casualty Co Ltd said on Monday it plans a rights issue of shares in Shanghai and Hong Kong to raise a combined net 5.76 billion yuan ($938.28 million) to strengthen its

For the third year in a row (since the crisis) average pay at private companies in China surge by greater than double digits - far outstripping GDP growth. 2012 saw a 17.1% nominal rise in average wages for private companies to Yuan 28,752 per annum

By Saikat Chatterjee HONG KONG, May 16 (Reuters) - Despite recent volatility in the offshore yuan market, the demand for bonds denominated in the Chinese currency is likely to remain strong as the...

By Saikat Chatterjee HONG KONG, May 16 (Reuters) - Despite recent volatility in the offshore yuan market, the demand for bonds denominated in the Chinese currency is likely to remain strong as the yuan's appreciation trend looks intact. An HSBC index

By Saikat Chatterjee HONG KONG, May 16 (Reuters) - Despite recent volatility in the offshore yuan market, the demand for bonds denominated in the Chinese currency is likely to remain strong as the...

* Highland Capital Management seeks 5 bln yuan in first tranche

* Highland Capital Management seeks 5 bln yuan in first tranche

By Matthew Cowie:Chinese exporters on the brink of bankruptcy have turned to currency arbitrage to stay alive, distorting Chinese trade data and the Chinese banking system.This weekend the Ministry of Commerce admitted trade figures overstated Chines

By Gary Bourgeault:In what can only be called a dramatic change of direction, the upward move of the Chinese yuan has caught a lot of investors off guard, as their attention, in the currency market has mostly been on the Japanese yen, once it impleme

Chinese financial institutions issued 792.9 billion yuan ($127.9 billion) of new yuan loans in April, down from CNY1.06 trillion in March and slightly below economists' expectations of CNY800 billion, data from People's Bank of China showed Friday.

BEIJING, May 6 (Reuters) - China will increase scrutiny on importers and exporters who channel in money disguised as trade bills, the top foreign exchange regulator said, after the Chinese yuan hit a...

BEIJING, May 6 (Reuters) - China will increase scrutiny on importers and exporters who channel in money disguised as trade bills, the top foreign exchange regulator said, after the Chinese yuan hit a record high last week.

China's Big Five state-owned banks may face a combined capital shortfall of 40.5 billion yuan ($6.57

April 30 (Reuters) - Yuan deposits in Hong Kong, an offshore market for the Chinese currency, rose to 668.1 billion yuan ($108.37 billion) in March, up 2.5 percent from a month earlier, the Hong Kong Monetary Authority said on Tuesday. Cross-border t

April 26 (Reuters) - For a full statement (in Chinese) on the results of Shanghai Pharmaceuticals Holding Co Ltd , which is engaged in the research and development, manufacturing and sale of pharmaceutical and healthcare products, please click on: ht

April 26 (Reuters) - For a full statement (in Chinese) on the results of Angang Steel Co Ltd , which is engaged in the manufacture and distribution of steel and related products, please click on: http://www.cninfo.com.cn/finalpage/2013-04-27/62435560

Foreign private-equity firms that once rushed to raise funds in yuan, hoping that would give them wider access to Chinese companies to buy, have pulled back.Around 2007, foreign private-equity firms began raising funds in yuan, also known as renminbi

Foreign private-equity firms that once rushed to raise funds in yuan, hoping that would give them wider access to Chinese companies to buy, have pulled back.

It was once assumed that mainland China?s massive banks would storm into Taiwan. The suitors would get in on the world?s No. 2 offshore Chinese yuan market and prosper from the relative efficiency of Taiwan?s banks while taking the two sides one more

SHANGHAI (Reuters) - Companies gambling on yuan appreciation are distorting Chinese trade statistics, creating a monetary policy headache for Beijing officials and complicating government plans to liberalize the capital account.

SHANGHAI (Reuters) - Companies gambling on yuan appreciation are distorting Chinese trade statistics, creating a monetary policy headache for Beijing officials and complicating government plans to...

Companies gambling on yuan appreciation are distorting Chinese trade statistics, creating a monetary policy headache for Beijing officials and complicating government plans to liberalize the capital account.

LOS ANGELES (MarketWatch) -- Chinese banks and other financial institutations lent out 1.06 trillion yuan ($171 billion) in March, jumping from 620 billion in new yuan-denominated loans the previous month, the People's Bank of China said Thursday. Th

BEIJING, April 11 (Reuters) - Chinese banks extended 1.06 trillion yuan ($171.2 billion) of new local currency loans in March, above market expectations for 850 billion yuan and sharply higher than the previous month, central bank data showed on Thur

The Australian dollar becomes the third currency, along with the US dollar and the Japanese yen, that can be converted directly into and out of the Chinese yuan.

BEIJING, April 9 (Reuters) - China will start the direct trading of Chinese yuan and the Australian dollar in onshore foreign exchange market in Shanghai on Wednesday, the operator of the China's...

BEIJING, April 9 (Reuters) - China will start the direct trading of Chinese yuan and the Australian dollar in onshore foreign exchange market in Shanghai on Wednesday, the operator of the China's currency market said.

By Marc Chandler:After the Chinese markets closed, Fitch announced it was cutting China's local currency long-term debt rating to A+ from AA-, with a stable outlook.The foreign currency debt rating was unchanged at A+, as Fitch cited its huge reserve

DUBAI (Reuters) - Changing trading patterns and pressure to improve profit margins will boost the Gulf's use of the Chinese yuan in coming years, the head of banking giant HSBC's China operations said on Monday.

DUBAI (Reuters) - Changing trading patterns and pressure to improve profit margins will boost the Gulf's use of the Chinese yuan in coming years, the head of banking giant HSBC'sChina operations...

Changing trading patterns and pressure to improve profit margins will boost the Gulf's use of the Chinese yuan in coming years, the head of banking giant HSBC'sChina operations said on Monday.

The Australian dollar is set to become only the third currency to trade directly with the Chinese yuan -- a move that will help internationalize China's currency.

Deal would be step towards full convertibility of Chinese yuan on international markets.

China's shares are slightly higher midday, with financial stocks outperforming on a better than expected issuance of new yuan loans by Chinese financial institutions in March.

March 28 (Reuters) - Yuan deposits in Hong Kong, an offshore market for the Chinese currency, rose to 651.7 billion yuan ($104.9 billion) in February, up 4.4 percent from a month earlier, the Hong Kong Monetary Authority said on Thursday. Cross-borde

March 27 (Reuters) - For a full statement (in Chinese) on the results of Angang Steel Co Ltd , which is principally engaged in the manufacture and distribution of steel and related products, please click on: http://www.cninfo.com.cn/finalpage/2013-03

BEIJING, March 27 (Reuters) - Aluminum Corp of China(Chalco) posted a worse than expected netannual loss of 8.2 billion yuan ($1.3 billion), hit by lowaluminium prices and rising costs.

HONG KONG, March 27 (Reuters) - Taiwan, a latecomer in developing offshore yuan business, has overtaken the United States and Australia to be ranked fourth in payments using the Chinese currency, or...

HONG KONG, March 27 (Reuters) - Taiwan, a latecomer in developing offshore yuan business, has overtaken the United States and Australia to be ranked fourth in payments using the Chinese currency, or renminbi (RMB), said global transaction services or

HONG KONG, March 27 (Reuters) - Taiwan, a latecomer in developing offshore yuan business, has overtaken the United States and Australia to be ranked fourth in payments using the Chinese currency, or...

March 26 (Reuters) - For a full statement (in Chinese) on the results of Shanghai Pharmaceuticals Holding Co Ltd , which is engaged in the research and development, manufacturing and sale of pharmaceutical and healthcare products, please click on: ht

March 26 (Reuters) - For a full statement (in Chinese) on the results of China Southern Airlines Co Ltd , which is the country's largest carrier by fleet size, please click on: http://static.sse.com.cn/disclosure/listedinfo/announcement/c/2013-03-26/

HONG KONG, March 26 (Reuters) - Chinese sportswear group LiNing Co Ltd reported on Tuesday asteeper-than-expected 1.98 billion yuan ($318.8 million) lossfor 2012, its first annual loss since it listed in 2004, hit byinventory charges and fierce compe

HONG KONG, March 26 (Reuters) - Chinese sportswear group Li Ning Co Ltd reported on Tuesday a steeper-than-expected 1.98 billion yuan ($318.8 million) loss for 2012, its first annual loss since it listed in 2004, hit by inventory charges and fierce c

March 25 (Reuters) - For a full statement on the results of Shandong Weigao Group Medical Polymer Co Ltd, which is a Chinese medical device manufacturer, please click on: http://www.hkexnews.hk/listedco/listconews/sehk/2013/0325/LTN20130325928.pdf (R

March 25 (Reuters) - For a full statement on the results of People's Insurance Company (Group) of China Ltd (PICC) , which is the Chinese state-owned insurer, please click on: http://www.hkexnews.hk/listedco/listconews/sehk/2013/0325/LTN20130325751.p

March, 25 (Reuters) - Poly Real Estate (Group) Co Ltd reported the following results for 2012 (in millions of yuan unless stated otherwise): 2012 2011 Net income 8,438 6,531 Revenue 68,906 47,036 For the full statement (in Chinese) please click: http

March 25 (Reuters) - For a full statement (in Chinese) onthe results of Datang International Power Generation Co Ltd , which operates coal-fired power plantsthat supply electricity to Beijing and industrial cities innorthern China, please click on: h