Asia Economy news, Markets and Business Trends - Made-in-China.com

China to Revoke Banks' Private Fund Management Qualifications

Dec 24, 2015

China's banking regulator is reportedly to revoke the fund management qualifications of 17 domestic banks. It's understood the regulator has issued informal guidance to banks, warning them that their registrations will be removed. The ...

Tags: Banks'Private Fund Management Qualifications

PBOC Extends Forex Trading Hours

Dec 24, 2015

China's central bank says the country's foreign exchange market will extend trading hours by 7 hours starting from January 4th. Trading hours for the yuan in the Shanghai-based exchange will last till 11:30 pm local time. The People's ...

Tags: PBOC, Forex Trading

Bottled Air Breeds Hot Air in Smoggy China

Dec 24, 2015

China's smog has made masks and air purifiers the hottest of commodities. Now, a new product is getting all the attention: bottled air. BBC screenshots of a woman breathing air from a can went viral on the Internet this week, with the ...

Tags: Bottled Air, China's smog

Property Market Warms as Gov't Policies Take Effect

Dec 22, 2015

China's real estate sector showed signs of warming in November as new home prices rose on a monthly basis in an increasing number of cities, buoyed by government policies. Of 70 large and medium-sized cities surveyed in November, new home ...

Tags: Property Market Warms, Gov't Policies

Central Bank Injects Liquidity Into Market

Dec 22, 2015

China's central bank offered a total of 100 billion yuan (15.4 billion U.S. dollars) in six-month medium-term lending facility (MLF) loans at 3.25 percent to 13 financial institutions on Friday. "The move is aimed at maintaining proper ...

Tags: Central Bank, Liquidity

China's Home Inventory Suggests Further Policy Easing: Report

Dec 22, 2015

China might introduce more easing policies in 2016 to consume unsold home inventories, a report by the Bank of Communications said, despite data from Friday showing signs of a warming market. The government could further lower the minimum ...

Tags: China's Home Inventory, Further Policy

Crisis-Hit Toshiba to Announce Record Losses Amid Major Restructuring Push

Dec 22, 2015

Toshiba Corp. said on Saturday its group net loss for the business year ending in March will far outweigh that of the previous year's and may top its record of 398.8 billion yen (3.29 billion U.S. dollars) logged in the year through March ...

Tags: Toshiba, Record Losses

Vanke-Baoneng Spat Heats up

Dec 22, 2015

The spat between China's largest property developer Vanke and its current biggest shareholder Baoneng Group has continued to heat up. Vanke's President Yu Liang says the company is facing a "hostile takeover". Last week, Chairman Wang ...

Tags: CRI, Vanke

Hong Kong Establishes Future Fund for Higher Investment Returns

Dec 22, 2015

Hong Kong has established a "future fund," with a view to securing higher investment returns for fiscal reserves. A government spokesperson says the Future Fund will have an initial endowment of 220 billion HK dollars, or 28 billion U.S. ...

Tags: Establishes, Future Fund

12-Bln-Dollar Electric Car Deal Signed in China

Dec 22, 2015

A Chinese leasing firm has signed a deal worth 78 billion yuan (12 billion U.S. dollars) with a Chinese-owned Swedish vehicle company, according to National Modern Energy Holdings (NMEH) on Monday. NMEH is jointly invested and founded by ...

Tags: Swedish vehicle company, National Modern Energy Holdings

HK's IPO Fundraising Reaches World's Highest in 2015

Dec 22, 2015

A passer-by is silhouetted in front of a bank's electronic board showing the Hong Kong share index at Hong Kong Stock Exchange in Hong Kong Thursday, Aug. 27, 2015. [Photo: Imagine China] New figures released by Hong Kong Exchanges and ...

Tags: Hk, IPO, share index

IMF Quota Reforms to Give Emerging Economies Larger Say: Analysts

Dec 22, 2015

China has the third largest IMF quota and voting share after the United States and Japan since the IMF reform plan being ratified by the U.S. Congress last week. [Photo: finance.sina.com.cn] Emerging powers like China, India, and Brazil ...

Tags: IMF quota, Emerging Economies

China to Encourage Property Developers to Lower Prices, Consolidate

Dec 22, 2015

China will encourage property developers reduce home prices as part of efforts to destock inventory, said a statement issued Monday after a key economic policy meeting. The Central Economic Work Conference said the country will promote ...

Tags: economic policy meeting, Lower Prices, Property

Record Number of Cars Recalled in China

Dec 22, 2015

China has recalled over 5.5 million cars so far this year. A record number of vehicles sold in China this year have been recalled for technical faults. Senior official of the General Administration of Quality Supervision, Inspection and ...

Tags: vehicles sold, recalled

China's Outbound Direct Investment up 12.6 Pct

Dec 18, 2015

China made 8.92 billion U.S. dollars in non-financial outbound direct investment (ODI) in November this year, up 12.6 percent year on year, the Ministry of Commerce (MOC) said on Thursday. In the first 11 months of 2015, China made 104.13 ...

Tags: Outbound Direct Investment