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Cross-border bonus

Chinese banks in Hong Kong see cross-border financing as the main focus for their yuan business in the next 12 months, according to a report released by KPMG China on Wednesday.
Source: Global Times - Xinhua | 2017/12/13 22:03:41

World's tallest

The base of a 380-meter-tall electricity pylon, also known as a power tower, is under construction in Zhoushan, East China's Zhejiang Province on Tuesday. The project is expected to be completed by the end of 2018 and will be put into use in 2019. It will be the tallest in the world and carry power cables between Zhoushan's Jintang and Cezi islands, a distance of 2,656 meters.
Source: IC | 2017/12/13 18:38:39

Stocks end higher on consumer, transport gains

China stocks ended higher on Wednesday, aided by strong gains in consumer and transport firms.
Source: Reuters-Global Times | 2017/12/13 18:33:40

Glencore sees battery minerals, mainly cobalt, powering profit in 2017 and beyond

Miner and trader Glencore said its battery minerals, especially cobalt, should spur profit in 2017 and beyond in an update for investors that also promised to grow the business, especially through partnerships.
Source: Reuters-Global Times | 2017/12/13 18:33:40

US stock drawdown boosts oil prices

Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in US crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets.
Source: Reuters-Global Times | 2017/12/13 18:33:39

CSRC to push reform

An official with China's top capital market regulator said Tuesday the country will promote market-oriented reform of the stock issuance system and mergers and acquisitions, financial news site stcn.com reported.
Source: Global Times | 2017/12/12 21:53:39

Foreign financial firms eyeing China's market

More and more foreign financial companies are preparing to enter the Chinese market, following recent government measures to further open up the domestic financial industry, the Securities Daily newspaper reported on Tuesday.
Source: Global Times | 2017/12/12 21:48:40

To the City of Angels

Qingdao airport staff check-in cabin crew onto the first passenger flight from Qingdao, East China's Shandong Province to Los Angeles, the second international route to the US after that to San Francisco. It was opened late Monday. Operated by Xiamen Airlines, the flight takes 11.5 hours and departs each Monday, Wednesday and Friday.
Source: VCG | 2017/12/12 20:08:40

China stocks led lower by finance, transport

China's stocks fell on Tuesday, erasing the bulk of their gains in the previous session, led lower by financial and transport firms.
Source: Reuters-Global Times | 2017/12/12 20:08:39

Small Canadian miners to enjoy electric vehicle battery boon

Canadian developers of cobalt and lithium mines stand to benefit from a round of investments from the makers of electric vehicles and the batteries powering them, a potential game-changer for small miners short of money to develop deposits of these critical battery ingredients.
Source: Reuters-Global Times | 2017/12/12 20:03:39

Special rectification plan released by CBRC

The China Banking Regulatory Commission (CBRC) has released a special rectification plan for peer-to-peer (P2P) micro-credit businesses operating across China's provinces that will implement specific regulations to help them rein in risks, according to media reports.
Source: Global Times | 2017/12/12 20:03:39

China's big data exchange gains data access to Chicago Mercantile Exchange

The Global Big Data Exchange (GBDE) based in southwest China's Guizhou Province has partnered with the Chicago Mercantile Exchange (CME) in commercial data module development.
Source: Xinhua | 2017/12/12 13:38:41

New rules can control shadow banking: Moody's

China's newly proposed regulations for commercial banks' liquidity risk is "credit positive" for banks as it will help curtail shadow banking, according to a report international ratings agency Moody's Investors Service sent to the Global Times on Monday.
Source: Global Times | 2017/12/11 21:43:40

Working hard

Workers at a station along Beijing's first medium-low speed maglev line S1 work hard on Sunday in order to guarantee the train's operation by the end of this year. The line, stretching 10.2 kilometers, connects the city's western district of Mentougou to the Pingguoyuan subway station in Shijingshan district.
Source: VCG | 2017/12/11 18:38:39

Exit strategy for global cuts to be discussed before June: Kuwait

Kuwait's oil minister Essam al-Marzouq said on Sunday that the Organization of the Petroleum Exporting Countries (OPEC) and other oil producers will study before June the possibility of an exit strategy from the global oil supply cut agreement.
Source: Reuters-Global Times | 2017/12/11 18:33:40

China stocks rebound on govt consideration

China's stocks rallied on Monday, led by consumer and healthcare firms, after the Chinese government said it will "fully" consider the possible impact on banks and markets before finalizing its new asset management rules.
Source: Reuters-Global Times | 2017/12/11 18:33:40

CERCG eyes LNG shipping in Australia

State-owned China Energy Reserve and Chemicals Group (CERCG) on Monday said it is investigating whether to ship liquefied natural gas (LNG) from Western Australia to the gas-hungry east coast market.
Source: Reuters-Global Times | 2017/12/11 18:33:39

Chinese central bank injects liquidity into market

China's central bank injected a net 20 billion yuan (about 3.02 billion US dollars) into the market via open market operations Monday to ease the liquidity strain.
Source: Xinhua | 2017/12/11 17:13:32