TAIPEI : Taiwanese banks are in a race to become the first among their peers to have operations in China.
Six lenders have filed applications to set up branches on the Chinese mainland.
This follows a package of agreements signed between China and Taiwan last year, aimed at further liberalising trade and investments.
Taiwanese banks and financial institutions [...]

Chinese businesses have expressed keen interest in Indonesia’s infrastructure, manufacturing and energy sectors, particularly in power plants, a senior minister has said.
“China will allocate more than US$15 billion [for investment] in the ASEAN region. For Indonesia, this will be prioritized on infrastructure and transportation,” Coordinating Minister for the Economy Hatta Rajasa said in Jakarta on [...]

Yuan forwards posted their biggest weekly gain in almost three months on mounting speculation China will loosen its grip on the currency after data showed an economic recovery is gathering pace. China should return to a managed-float exchange-rate system as quickly as possible, Nikkei English News reported today, citing an interview with Xia Bin, a [...]

China First Heavy Industries raised 11.4 billion yuan ($1.67 billion) in its initial public offering in early February, after becoming the first company to fail to price a Shanghai IPO at the top of an indicative range since China reopened the primary market in June.
A series of weak debuts on the Shanghai Stock Exchange [...]

China’s National Bureau of Statistics said that investment, including infrastructure investment and equity investment, contributed 8 percentage points, or 92%, of the country’s GDP growth in 2009.
The latest data from the National Bureau of Statistics show that retail sales contribute 52.5% of China’s economic growth and pushed up the GDP growth rate by 4.6 percentage [...]