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Hong Kong is poised to be the leading offshore yuan financial center even if yuan currency becomes fully convertible which may threaten the city's financial position. Meanwhile, HK's dim sum bond market infrastructure building is making more progress as mainland credit rating agencies may start yuan bond ratings in city. The Hang Seng Index, starting on Nov 24, 1969, is a capitalization-weighted stock market index in the Hong Kong Stock Exchange, served as the main indicator of the overall market performance in Hong Kong.
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  • (Xinhua)2017-10-19 09:30

    BEIJING - China's "Panda bond" market has seen significant growth with more foreign issuers and a bigger issuance, as the country opens up its onshore bond market, according to a central bank report. As of the end of July this year, accumulated issuance of Panda bonds, or yuan-denominated debts sold...

  • By Paul Tomic(China Daily)2017-10-18 07:30

    Five years ago, at the First Plenary Session of the 18th National Congress of the Communist Party of China, Xi Jinping became general secretary of the CPC Central Committee. Shortly afterward, Xi set out his vision for the future. That vision included the Chinese Dream, a road map to producing a "mo...

  • (China Daily)2017-10-17 07:31

    Govt and policies Banking sector risks down in Q3 Risks in China's banking sector continued to decline in the third quarter of the year, with falling interbank business and slower growth in wealth management products. By the end of September, interbank assets and liabilities, major indicators for sh...

  • By Tan Xinyu(chinadaily.com.cn)2017-10-16 16:54

    [Photo/VCG]PPDAI Group, a Chinese peer-to-peer lending platform, applied for an initial public offering on the New York Stock Exchange under the symbol "PPDF" to raise up to $350 million, according to a prospectus filed with the US Securities and Exchange Commission and released on Friday local time...

  • By Wu Yiyao In Shanghai(China Daily)2017-10-16 08:07

    The narrowing valuation gap between China's stocks traded offshore and in Shanghai shows rising investor confidence in the future of the A-share market, observers said.The MSCI China Index, the gauge for offshore stocks, is expected to rise more as the market opens up further to foreign investors, p...

  • By Yang Feiyue(China Daily)2017-10-16 07:50

    Inbound tourism numbers are on the rise, thanks in part to a growing number of overseas Chinese language students making visits to the country. Yang Feiyue reports. Alina Salionova joined a six-day trip jointly hosted by Chinese online travel giant Ctrip and a subsidiary of the Confucius Institute t...

  • By Yuan Shenggao(China Daily)2017-10-16 07:48

     Seventeen projects competed in the final of the 2017 China MBA Entrepreneurship Competition in Shanghai in late July. Provided to China DailyShanghai Jiao Tong University is boosting entrepreneurship in its MBA education program by hosting the annual China MBA Entrepreneurship Competition. This ye...

  • By Li Fusheng(China Daily)2017-10-14 09:27

    A worker prepares to put a spare tire into a Haval SUV H2 model in the Great Wall Motors assembly plant in Baoding, North China's Hebei province, Feb 19, 2017. [Photo/IC]Great Wall Motor Co has confirmed that it is in talks with BMW to produce the latter's Mini brand cars in China, which analysts se...

  • By Xu Junqian In Shanghai(China Daily)2017-10-14 07:35

    Urban retreat serves up a paradise of flora and fauna Chongming is the world's largest sand island, and with its location on the estuary of the Yangtze River and the East China Sea and its unique soil traits, it is endowed with ideal conditions for growing many plants, vegetables and fruits. Between...

  • (China Daily)2017-10-14 07:16

    Zhejiang Top graft fugitive sentenced to jail Yang Xiuzhu, one of China's most-wanted graft fugitives, who had been on the run for 13 years, was sentenced to eight years in jail for corruption and taking bribes by a court in Hangzhou, Zhejiang province, on Friday. The court also ordered the recovery...

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