ChiNext Index higher at midday Thursday

BEIJING, Jan. 19 (Xinhua) -- The ChiNext Index, tracking Chinas Nasdaq-style board of growth enterprises, went up 0.75 percent to 2,563.1 points in the morning session Thursday.The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange.

Chinese shares higher at midday Thursday

BEIJING, Jan. 19 (Xinhua) -- Chinas major stock indices ended higher in the morning session Thursday, with the benchmark Shanghai Composite Index up 0.13 percent to 3,228.6 points.The Shenzhen Component Index gained 0.44 percent to 11,862.72 points at midday.

Hong Kong's Hang Seng Index opens 1.04 pct lower

HONG KONG, Jan. 19 (Xinhua) -- Hong Kongs Hang Seng Index fell down 225.74 points, or 1.04 percent to open at 21,452.26 points.

Chinese yuan weakens to 6.7674 against USD Thursday

BEIJING, Jan. 19 (Xinhua) -- The central parity rate of the Chinese currency renminbi, or the yuan, weakened 72 pips to 6.7674 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.In Chinas spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

China's interbank treasury bond index opens lower Thursday

BEIJING, Jan. 19 (Xinhua) -- Chinas interbank treasury bond index in net price opened at 994.74 points Thursday, lower than the previous close of 994.8 points, according to the China Foreign Exchange Trade System.The index reflects real-time trading of treasury bonds in Chinas interbank bond market.The index opens at 9 a.m. on every workday and is updated every five minutes until closing at 5 p.m.

China's benchmark interbank gold prices mixed Thursday

BEIJING, Jan. 19 (Xinhua) -- Chinas benchmark prices for spot interbank gold transactions were mixed Thursday, according to the China Foreign Exchange Trade System.The benchmark price for gold that is 99.95 percent pure or above stood at 417.6 yuan (about 61.7 U.S. dollars) per gram, down one yuan from the previous trading day, while the price for gold that is 99.99 percent pure or above went up 0.04 yuan to 418.23 yuan per gram.Spot transaction prices on the interbank price inquiry market are allowed to rise or fall within 15 percent from the benchmark prices each trading day.The interbank gold price inquiry business was introduced in 2012 to enhance market liquidity and enrich trading models.

ChiNext Index opens lower Thursday

BEIJING, Jan. 19 (Xinhua) -- The ChiNext Index, tracking Chinas Nasdaq-style board of growth enterprises, was down 0.16 percent to open at 2,539.89 points Thursday.The ChiNext Index, together with the Shenzhen Component Index and other indices, reflects the performance of stocks listed on the Shenzhen Stock Exchange.

Chinese shares open lower Thursday

BEIJING, Jan. 19 (Xinhua) -- Chinese stocks opened lower on Thursday, with the benchmark Shanghai Composite Index down 0.09 percent to open at 3,221.52 points.The Shenzhen Component Index opened 0.12 percent lower at 11,796.4 points.

Consumption vouchers boost Spring Festival spending

Shoppers browse selections at a fresh food store in Tianjin on Jan 12. (Photo by TONG YU/CHINA NEWS SERVICE)With the approaching Spring Festival, a large number of Chinese cities are distributing consumption vouchers to stimulate spending. The trend is expected to help expand domestic demand and str

Liu and Yellen meet for 'substantive', 'candid' talks

File photo shows the national flags of China (R) and the United States as well as the flag of Washington DC on the Constitution Avenue in Washington, capital of the United States. (Photo/Xinhua)Vice-Premier Liu He met with United States Treasury Secretary Janet Yellen in Zurich, Switzerland, on Wedn

Growth to pick up speed from 2nd quarter

Potential homebuyers assess a property model in Hohhot, Inner Mongolia autonomous region. (Photo by LIU WENHUA/CHINA NEWS SERVICE)HSBC: Recovery key macro theme for 2023, 2024; GDP may swell by 5 percent, 5.8 percentChina is intensifying efforts to consolidate and build on the ongoing economic recov

Dow plunges over 600 points after downbeat US economic data


Country's FDI inflows expected to achieve record high


Services sector on good track to development

Consumers shop at a duty-free mall in Haikou, capital of Hainan province, on Jan 1. (Photo by Su Bikun/For China Daily)China's services sector is expected to see strong growth momentum this year after renewed hustle and bustle is seen reviving the consumer market amid policies to optimize COVID-19 c

Specialists eye more stable capital flows


Soybean growth hits record high

Workers air soybeans in Beian, Northeast China's Heilongjiang province, Oct 20, 2022. (Photo/Xinhua)A mix of methods, including crop rotation and intercropping, have been used to expand the growing area for soybean and rapeseed, which are central to making cooking oil and animal feed, agriculture of

Microsoft announces cut of 10,000 jobs

Microsoft announced that it is cutting 10,000 jobs, less than 5 percent of its total workforce.The cuts were "in response to macroeconomic conditions and changing customer priorities," the maker of the Windows operating system said in a U.S. regulatory filing.

Deutsche Bank issues first panda bond

A giant panda at the Dujiangyan Base of the China Conservation and Research Center for Giant Pandas. (Photo: VCG)BEIJING, Jan. 18 (Xinhua) -- Deutsche Bank has issued its first panda bond in China, raising 1 billion yuan (147.92 million U.S. dollars) via three-year senior preferred notes, the bank said on Wednesday.The proceeds of the transaction will be used for general group funding purposes, the bank said in a statement, stressing that it will be able to tap directly into Chinas deep onshore bond market.Panda bonds are yuan-denominated debts sold by overseas issuers in China. Launched in 2005, the market has witnessed booming growth since 2015 and has become a significant financing channel for overseas institutions and enterprises."Increased international investor and issuer activity is an important step in Chinas capital market opening and global financial system integration," according to Deutsche Bank Asia Pacific Chief Executive Officer and Member of the Management Board Alexander von zur Muehlen.Deutsche Bank China Chief Country Officer Rose Zhu said the banks first panda bond has demonstrated the value of accessing Chinas onshore market for international issuers.

Uber resumes services in Tanzania

An Uber sticker is seen on a car in Los Angeles, California, U.S., August 20, 2020. (Photo: CFP)Ride-hailing giant Uber has resumed its services in Tanzania, it said on Wednesday, settling a fare dispute with the government.Uber suspended services in the East African country last April after the government introduced legislation capping maximum commission from drivers at 15 percent from the previous 33 percent.Uber said the new regulations made it difficult to continue operating while the government defended them as maintaining competition and ensuring affordable taxis. After months of negotiations, Tanzanias transport regulator last month allowed ride-hailing companies to charge up to 25 percent commission and a 3.5-percent booking fee. "We are excited to kick off the year on such a positive note by re-entering the Tanzanian market," Uber said in a statement. "It is our priority to provide a platform where drivers can make substantial earnings while providing convenient and reliable options for riders In Tanzania."The San Francisco-based company, founded in 2009, arrived in Tanzania in 2016, capitalising on the countrys low levels of personal car ownership and lack of efficient mass transport.

Prices of newly added 121 drugs in China's medical insurance system drop 60.1%


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