China forex news

SINGAPORE (Thomson Financial) - It may take one to two years for Singapore to conclude a free trade agreement (FTA) with China based on its experience in negotiating with other countries, Deputy Prime Minister Wong Kan Seng said.Wong's press secretary on Thursday clarified a report in the Straits Times quoting the deputy premier as saying that Singapore can expect to conclude an FTA with China next year...

BEIJING (XFN-ASIA) - China will continue to monitor export receipts for fake transactions intended to disguise the entry of speculative funds, the State Administration of Foreign Exchange (SAFE) said.In a statement posted on its website, SAFE said that as of end-April it has classified 5,775 companies to be "of concern" and whose foreign exchange dealings are under specific surveillance...

WASHINGTON (XFN-ASIA) - The United States said it is considering forging a bilateral investment agreement with Taiwan but ruled out a free trade pact in the immediate future.The two sides raised the possibility of an investment accord during annual talks under a Trade and Investment Framework Agreement, which usually precedes a free trade pact...

BEIJING (XFN-ASIA) - China is likely to tolerate above-forecast levels of monetary growth, apparently accepting that the strong economy will lead to some of its economic targets being surpassed, Deutsche Bank said.The People's Bank of China (PBoC) said M2 growth was 17...

BEIJING (XFN-ASIA) - The People's Bank of China said it drained 45 bln yuan from the banking system via the sale of three-year bonds and three-month bank bills in today's open market operations.The bank said in a statement published on its website that the yield for the 1...

BEIJING (XFN-ASIA) - China's June actual foreign direct investment (FDI) totaled 6.63 bln usd, rose 21.91 pct year-on-year, the Ministry of Commerce said.Actual FDI in May was 4.899 bln usd, up 8.65 pct year-on-year.The ministry said that actual FDI in the first six months of the year totaled 31...

BEIJING (XFN-ASIA) - Actual foreign direct investment (FDI) in the first six months of the year totaled 31.889 bln usd, up 12.17 pct year-on-year, the Ministry of Commerce said.In June, actual FDI totaled 6.63 bln usd, up 21.91 pct.allen.shu@xfn.com-..

SINGAPORE (Thomson Financial) - Singapore can expect to conclude a free trade agreement with China by next year, the traits Times newspaper reported Thursday, citing a top government official who met with China's Vice Premier Wu Yi.Talks on the FTA began last October...

BEIJING (XFN-ASIA) - China's tax revenue rose 29 pct year-on-year in the first half of the year to 2.49 trln yuan, the official Xinhua news agency reported, citing figures from the State Administration of Taxation.China's tax revenue grew 21.9 pct in 2006...

BEIJING (XFN-ASIA) - China's foreign exchange reserves increased 130.6 bln usd in the second quarter to 1.333 trln usd, the People's Bank of China said.The figures, published on the central bank's website, cement China's position as the holder of the world's largest pile of hard currency...

BEIJING (XFN-ASIA) - China's broad money supply, or M2, was up 17.06 pct year-on-year to 37.78 trln yuan at the end of June, the central bank said.In May, M2 rose 16.74 pct year on year to 36.97 trln yuan.In a statement on its website, the central bank said M1 rose 20...

LONDON (Thomson Financial) - Talk among Japanese officials of re-investing some of its 900 bln usd in foreign currency reserves has intensified, suggesting the government is keen to join other Asian countries in seeking better returns and moving away from dollar-based assets...

BEIJING (XFN-ASIA) - China's National Bureau of Statistics said it has revised upward its 2006 gross domestic product growth (GDP) calculation to 11.1 pct, 0.4 percentage points higher than its previous estimate.GDP reached 21.09 trln yuan in 2006, based on prices that year, up 146...

BEIJING (XFN-ASIA) - The growth in China's trade surplus is expected to ease in the second half of the year, Ministry of Commerce spokesman Wang Xinpei told reporters at a briefing.China had a first half trade surplus of 112.53 bln usd, with the June surplus at 26...

BEIJING (XFN-ASIA) - Real retail sales growth in 2007 is projected at 12.8 pct year-on-year, up 0.2 percentage points from 2006, China's State Information Center (SIC), a government think-tank, said in a report published in the official China Securities Journal...

BEIJING (XFN-ASIA) - China's customs department said the country's imports of crude oil in the first half of 2007 rose 11.2 pct year-on-year to 81.54 mln tons while exports dropped 39.3 pct to 1.82 mln tons.For the month of June alone, imports of crude oil amounted to 14...

BEIJING (XFN-ASIA) - China's exports in June rose 27.1 pct year-on-year to 103.27 bln usd, while imports were up 14.2 pct at 76.36 bln usd, the General Administration of Customs said.Exports in the first half of the year stood at 546.73 bln usd, up 27...

BEIJING (XFN-ASIA) - Deutsche Bank said it expects June CPI growth in China to have exceeded 4 pct on higher food prices."The National Development and Reforming Commission (China's economic planner) has already reported that pork prices rose by a further 12...

HONG KONG (XFN-ASIA) - China Development Bank, one of China's three policy banks, said the size of the retail and institutional portions for its 5-bln yuan-denominated bond issue has been set at 2.5 bln yuan each following strong demand for the bonds...

BEIJING (XFN-ASIA) - Goldman Sachs forecast that China's gross national product (GDP) will grow 12 pct in the third quarter, powered by a 20 pct increase in industrial production and over 30 pct rise in fixed asset investment.The forecast was based on recent M3 money supply trends, it said...