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Sunday, September 20, 2015
More than 20 countries are waiting to join the China-initiated Asian Infrastructure Investment Bank (AIIB), its designated president said Saturday as he allayed concerns it was aimed to challenge U.S. and Japanese influence in the region.
Saturday, September 19, 2015
Mainland China's top stock market regulator said Friday nearly 20 companies would be fined for "illegal market activities," as it struggles to restore confidence after a months long share price rout.
Wednesday, September 16, 2015
Mainland China said it is cracking down on thousands of stock accounts linked to illegal trading, in its latest bid to restore order to markets pummeled by a rout that has wiped trillions off valuations in the country since June.
Tuesday, September 15, 2015
China issues blueprint for state industry overhaul
China's Communist Party has issued a long-awaited blueprint for overhauling bloated state industries that would retain the party's dominance in the economy.
The Kuomintang (KMT) government will be prioritizing passage of a cross-strait agreement on double taxation avoidance as well as bills on the budget, government restructuring and an all-volunteer military in the fall legislative session that opens Tuesday, Premier Mao Chi-kuo (毛治國) said Monday.
Shanghai tumbled at the end of a volatile day of trade Monday following another round of disappointing mainland Chinese data, while regional investors were moving cautiously ahead of a crucial U.S. interest rate decision at the end of the week.
Friday, September 11, 2015
Mainland China plans to allow foreign central banks into its interbank currency market, the country's No. 2 leader said Thursday, in a new move to expand use of the tightly controlled Chinese yuan.
China producer prices down as Li warns of challenges
Mainland China's factory gate prices fell at their fastest rate in six years in August, its authorities said Thursday, as mainland executive chief Li Keqiang warned that transforming the world's second-largest economy will be a "painful and treacherous" process.
Mainland China's auto sales declined in August for a third month but some brands reported gains following a market downturn that shook the global industry.
Moody's Investors Service is challenging a US$3 million fine by Hong Kong's securities regulator, which accuses the credit rating agency of misconduct over a 2011 report that flagged potential problems at mainland Chinese companies.
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