Brief

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First quarter ad spending jumps

Advertisers spent US$10.3 billion in the Chinese media market in the first quarter, up 25% from a year

Foreign banks stalled on QDII

The China Banking Regulatory Commission has put applications from foreign banks to become qualified do

White House draws heat on yuan

The Bush administration came under fire from United States lawmakers from both parties Thursday for fa

Bills issued to slow lending

The central bank has sold US$12.5 billion in one-year bills in what is being seen as a move to reduce

IFC goes west

The International Finance Corporation is to review its investment strategy to include banks and rural

Institutions drawn to BOC IPO

The portion of Bank of China's US$9.9 billion initial public offering open to institutional investors

Moves to cool property market

The government has announced six measures to cool the overheating property market, including promises

Port operator makes US$139m at IPO

Tianjin Port Development Holdings has raised US$139 million in an initial public offering after pricin

Holidays abroad a click away

Expedia, the world's leading online travel agent, has announced it is to extend coverage of internatio

IPR enforcement no better: survey

The enforcement of intellectual property rights in China has not improved, according to a membership s

Ore prices displease China

China said it would not accept the 19% increase in iron ore contract prices agreed by German steelmake

Arrests in media crackdown

A dissident has been awarded a 12-year jail sentence for subversion as part of a media crackdown that

NPL ratio ceiling to lower

The country's five largest lenders will have to keep their non-performing loan (NPL) ratios below 5% a

Reforms could hit drug prices

The pharmaceuticals industry is set for regulatory reform that could see antibiotic prices cut by as m

ProLogis plans to expand

Global distribution specialist ProLogis is to enlarge its China operations by around 50% with plans fo

Yuan breaks psychological barrier

The yuan has strengthened past 8 to the US dollar for the first time in 12 years amid speculation the

Intraday trading given go-ahead

Investors are to be able to buy and sell a stock on the same day, which could lead to an increase in a

E&Y retracts bad loans report

Ernst & Young has withdrawn a report on non-performing loans, branding its own assessment of the b

Overseas lawyers face crackdown

Foreign law firms could be pulled up for violating restrictions on the types of business they are invo

Money supply continues growth

China's money supply grew at a faster pace in April, contradicting expectations, and yuan bank lending

UK to train top accountants

China is tackling its shortage of professional accountants by enlisting a the UK's professional accoun

April retail sales up 13.6%

China's retail sales were up 13.6% in April from a year earlier to US$72.15 billion, after gaining 13.

April trade surplus exceeds expectations

China's April trade surplus of US$10.46 billion was down from the US$11.2 billion surplus in March, bu

Ping An bids for bank stake

Ping An Insurance last week submitted a bid for a stake of more than 60% in Shenzhen Commercial Bank,

Haier to expand abroad

Appliance maker Haier Group plans to bolster its overseas manufacturing presence in the next few years

Rabobank scales back Hangzhou play

Rabobank NV, the Dutch banking group, has pared back its plans to acquire 24.9% of Hangzhou Cooperativ

Pressure on Wal-Mart grows over unions

A confrontation is looming between Wal-Mart and the Chinese Government and biggest trade-union group o

China IPOs surpass US, Europe

The strength of initial public offerings by Chinese companies in Hong Kong has driven Greater China's

Treasury backdown angers US lawmakers

US lawmakers are threatening to take matters into their own hands after Wednesday's Treasury Departmen

BOC IPO hugely oversubscribed

The institutional tranche of Bank of China's massive initial public offering was covered within hours

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