(RTTNews.com) - The China stock market on Friday ended the five-day winning streak in which it had advanced almost 60 points or 1.8. The Shanghai Composite Index now rests just above the 3,140-point plateau, although the market may bounce higher again on ... ( read original story ...)
China raises short-term interest rates in fresh tightening sign
It is a clear sign that the central bank has switched to tighten its monetary policy,” said a trader at a Chinese bank in Shanghai. China’s economy has seen a broad-based pickup in recent months, due largely to a strong housing market and higher ... ( read original story ...)
PBOC to skip open market operations – statement
SHANGHAI, Feb 6 (Reuters) - China's central bank said it would skip open market operations on Monday. "The overall liquidity in the banking system is staying at a relatively high level," the People's Bank of China (PBOC) said in a statement on its website. ( read original story ...)
China steel, iron ore slide after central bank tightens policy
China raises short-term rates on first day after long holiday * Shanghai rebar falls 6.8 pct, Dalian iron ore down 5.4 pct By Manolo Serapio Jr MANILA, Feb 3 Chinese steel and iron ore futures tumbled on Friday after the country's central bank unexpectedly ... ( read original story ...)
The week in finance: US banks jump on deregulation, China tightens and RBA to hold
The banking sector drove the S&P 500 up 0.7 per cent to just ... while rebar steel futures in Shanghai were down almost 7 per cent on Friday. The weaker futures market could well drag down Chinese spot-prices, which haven not resumed trading yet, although ... ( read original story ...)
Shanghai Tower unveils world's highest art space
A day in Shanghai After a walk in Shanghai Park ... A six to seven minute-long version will be played to new visitors, to give them a sense of the experience, while a 20-minute composition is also in place for special events. The space will also feature ... ( read original story ...)
Bid to shrink China’s property bubble ‘puts key growth driver at risk’
Property investment usually lags six months behind sales, which suggests that the headwinds could come as early as the second quarter. Is China heading for a benchmark rate rise? Liu Xuezhi, an analyst with the Bank of Communications in Shanghai ... ( read original story ...)