China treasury bond futures open lower Friday

1月 22, 2016

BEIJING, Jan. 22 (Xinhua) -- China's five-year treasury bond futures opened lower on Friday, with the contract for settlement in March 2016 opened flat at 100.87 yuan (about 15.38 U.S. dollars).
The contract for settlement in June 2016 opened 0.03 percent lower at 100.495 yuan. The contract for settlement in September
2016 had no trading at the opening.
The contracts are agreements to buy or sell treasury bonds at a predetermined price and set date. They allow investors to bet on and profit from the movements in the value of the bonds.

China Hushen 300 index futures open higher Friday

1月 22, 2016

BEIJING, Jan. 22 (Xinhua) -- China's key Hushen 300 index futures opened higher on Friday, with the contract for settlement in February 2016 opened 1.04 percent higher at 3,058.8 points.
The March 2016 contract opened 0.76 percent higher at 2,984 points. The June 2016 contract opened 0.29 percent higher at 2,802.2 points. The September 2016 contract opened 0.28 percent higher at 2,679 points.

Market exchange rates in China -- Jan. 22

1月 22, 2016

BEIJING, Jan. 22 (Xinhua) -- The following are the central parity rates of the Chinese currency renminbi, or the yuan, against 12 major currencies announced on Friday by the China Foreign Exchange Trading System:
Currency Unit Central parity rate in yuan
U.S. dollar 100 655.72
Euro 100 712.16
Japanese yen 100 5.5778
Hong Kong dollar 100 83.964
British pound 100 933.52

China's Xi urges deepening judicial reform

1月 22, 2016

BEIJING, Jan. 22 (Xinhua) -- Chinese President Xi Jinping has called on the country's political and legal affairs departments to deepen ongoing judicial reforms to give a boost to the country's judicial credibility
and people's sense of security.
Xi, also general secretary of the Communist Party of China (CPC) Central Committee, made the remarks in a written instruction on political and legal work. A central conference on political and legal work opened on Friday in Beijing.

China to boost targeted, discretionary macro control: premier

1月 22, 2016

BEIJING, Jan. 22 (Xinhua) -- China will continue to boost range-based, targeted and discretionary macro regulation this year,
Premier Li Keqiang said on Friday.
The country will promote structural reforms, especially supply-side structural reforms, and use fiscal and monetary policies, as well as policies on industry, investment and prices, to create stable conditions for economic growth, Li said at the fifth plenary meeting of the State Council.

China lends more economic, security support to Middle East

1月 22, 2016

BEIJING, Jan. 22 (Xinhua) -- China has offered billions of U.S. dollars in loans and investment as well as political and security support to help the Middle East, during President Xi Jinping's first overseas visit of the year.
Xi unveiled a package of measures in his Cairo speech to the Arab League, including industrial and anti-terrorism cooperation to promote peace and development in the Arab world.

GROWING INTEREST IN THE MIDDLE EAST

China completes renovation of historical courier station

1月 22, 2016

SHIJIAZHUANG, Jan. 22 (Xinhua) -- The renovation of an 800-year-old courier station has been finished in north China's Hebei Province, a local official said Friday.
Liu Zhimin, an official with the provincial cultural relics department, said repairs to the station's 22 ancient temples, shops and residential homes have been completed recently in the 2022 Winter Olympics co-host city of Zhangjiakou.

China's cabinet cuts more administrative items

1月 22, 2016

BEIJING, Jan. 22 (Xinhua) -- The State Council, China's cabinet, on Friday announced to cancel 61 items regarding the administration of professional licensing and assessment.
The items are related to professional entry thresholds or professional assessment, covering professions such as road and water transport construction, civil aviation, archaeology, logistics, petrochemical sector, film and television, and forestry.
Since 2014, the State Council has cut 44 percent of previous items, delegating power and transforming government functions.

China's No. 2 property developer posts meager profit

1月 22, 2016

BEIJING, Jan. 22 (Xinhua) -- Poly Real Estate Group Co., China's second-largest property developer by market value, reported on Friday its lowest profit increase in ten years.
The company's preliminary net profit amounted to 12.3 billion yuan (1.9 billion U.S. dollars) in 2015, up by only 1.18 percent year on year, said a statement to the Shanghai Stock Exchange.
The annual increase compares poorly with double-digit rates
during the past ten years.
Business revenue climbed 13.25 percent to 123.5 billion yuan, while sales were up 12.75 percent to 154.1 billion yuan.

Calling China's slower growth "catastrophe" is exaggeration: German FinMin

1月 22, 2016

BERLIN, Jan. 22 (Xinhua) -- German Finance Minister Wolfgang Schaeuble said it was important to recognize real signs of crisis, and calling China's slowdown "catastrophe" was an "exaggeration," according to an interview published on Friday.
"On China, it was always said that two-digit growth rates were dangerous. Now the country has a growth of 6.9 percent, then suddenly it was supposed of being a catastrophe for the world economy," said Schaeuble in an interview with Spiegel Online.
"Fiscal policy must be careful so that they do not promote such exaggerations," he added.

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