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By Wang Bo
BEIJING — China Investment Corporation (CIC), the nation's sovereign wealth fund, said on Thursday it posted a solid return of 11.7 percent on its global investment portfolio in 2009, thanks to major global moves made last year.
By Wang Xing
BEIJING — Chinese credit rating agency Dagong Global Credit Rating on Wednesday said it might delay its American credit rating market entry plans, after the US government rebuffed its application earlier this year.
Agencies
NEW YORK — Banks worldwide applauded changes to proposed capital and liquidity standards that relaxed aspects of the rules and gave lenders as much as eight years to comply.
Agencies
SHANGHAI — Guangdong Development Bank Co said it moved currency and bond traders to Shanghai from its headquarters in Guangzhou as an end to the yuan's peg against the dollar enhances the city's role as a financial center.
Agencies
SINGAPORE — Singapore Exchange Ltd plans to introduce new derivatives products to benefit from record levels of trading in the securities.
By LI XIANG
BEIJING — China's plan to allow yuan deposits held offshore to be channeled into the mainland's equities market will help shore up market liquidity, but it can hardly be an immediate market saver given the limited size of the initial capital pool, analysts said.