Posts Tagged ‘yuan’

China: declining profits of state enterprises in 2008

March 11th, 2010 | Tags: , , , ,
Profits of Chinese SOEs under the direct control of central government totaled 665.29 billion yuan (about 97.31 billion dollars) in 2008, down more than 30% year on year, said Monday Commission of Control and Management of Public Goods (SASAC).
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The Construction Bank of China has 5.8 billion worth of subordinated bonds

January 10th, 2010 | Tags: , , , ,
Construction Bank of China (BCC), one of four major state commercial banks, said Wednesday it had issued 40 billion yuan (5.8 billion dollars) of subordinated bonds “redeemable”.
The bank had planned a program of 30 billion yuan, but...

Tibetans celebrate the traditional new year with joy

January 7th, 2010 | Tags: , , , ,
After hanging on the door strips hada, a long white silk scarf regarded as a sign of blessing, Degi Drolkar feverishly paced his new house of 198 m2 in Canton Gongka near Lhasa. She decorates the house to celebrate the Tibetan New Year, which falls on...

China plans a record deficit of about 139 billion U.S. dollars for 2009

January 3rd, 2010 | Tags: , , , ,
The Chinese budget deficit this year would reach a record 950 billion yuan (138.9 billion dollars), according to a draft plan which will be discussed by the National People’s Congress (NPC Chinese parliament) in early March, reported Sunday news...

China: Exchange Rate

January 3rd, 2010 | Tags: , , , ,
The People’s Bank of China (PBOC) issued on Monday in exchange rates between the Renminbi (RMB) Yuan (Chinese currency) and the five major currencies. The parity of the renminbi through the Yuan against convertible currencies is based on the clo...

148.3 billion yuan in total was invested in the Three Gorges Dam

December 31st, 2009 | Tags: , , , ,
In 2008, over 10 billion yuan has been invested in the Three Gorges Project. Since the beginning of the project, are 148.3 billion yuan in total that have been invested in the construction of the dam, said February 19 the Chinese company for the Three...

China: Exchange Rate

December 30th, 2009 | Tags: , , , ,
The People’s Bank of China (PBOC) issued on Friday in exchange rates between the Renminbi (RMB) Yuan (Chinese currency) and the five major currencies. The parity of the renminbi through the Yuan against convertible currencies is based on the clo...

Draft a ceiling on remuneration for executives of public companies

December 30th, 2009 | Tags: , , , ,
A draft general regulation to cap salaries of top executives in state-owned enterprises (SOE) will be submitted to the State Council for approval soon, an expert said yesterday.
The new regulation drafted by the Ministry of Human Resources and S...

China will launch 22 billion yuan of treasury bills to 20 years

December 29th, 2009 | Tags: , , , ,
China has planned to launch from February 19 to 23 his second batch of treasury bonds this year. The amount will be 22 billion yuan (3.22 billion dollars), said the Chinese Ministry of Finance on Wednesday.
These Treasury bills at a fixed rate o...

Imports will have a stimulating exchange of funds

December 29th, 2009 | Tags: , , , ,
The government will use its ample foreign exchange reserves to boost domestic demand and imports in the context of verification measures of the impact of the global financial crisis on the national economic slowdown.
At a press conference yester...