China’s cabinet agreed to let investors buy shares on credit and sell borrowed stock to help develop Asia’s second-largest market after prices and trading volumes slumped, an official familiar with the plan said.
Archive for the ‘China’ Category
China Approves Short Selling, Margin Lending to Develop Market
Posted by financialbriefs on September 26, 2008
Posted in China, Economy, Markets, News, World | Leave a Comment »
China banks told to halt lending to US banks-SCMP
Posted by financialbriefs on September 25, 2008
Chinese regulators have told domestic banks to stop interbank lending to U.S. financial institutions to prevent possible losses during the financial crisis, the South China Morning Post reported on Thursday.
Posted in China, Economy, Markets, News, World, banks | Leave a Comment »
China, Jordan sign power plant deal
Posted by financialbriefs on September 24, 2008
China and Jordan on Tuesday inked a deal on a power station expansion project, the first of its kind implemented by Chinese firms in Jordan’s power generation sector and hailed by the Chinese ambassador in Jordan Gong Xiaosheng as a result of bilateral cooperation.
Posted in Asia, China, Economy, Markets, News, World | Leave a Comment »
Yuan hits new high against U.S. dollar after 2 months of depreciation
Posted by financialbriefs on September 23, 2008
China’s currency, the yuan, on Tuesday hit a new high against the weakening U.S. dollar on the recovery of oil prices on global markets.
Posted in $US, China, Economy, Markets, News | Leave a Comment »
China paper urges new currency order after “financial tsunami”
Posted by financialbriefs on September 22, 2008
Threatened by a “financial tsunami,” the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday.
Posted in China | Leave a Comment »
