Mr. Peng, who used to run Merrill Lynch's property investments in China, closed the first part of his fund in the third quarter of last year, raising one billion yuan from domestic investors, and plans to have invested three billion yuan by the middle of next year.
Ms. Chen was sentenced on Tuesday to six years in prison and more than three million yuan in fines, the attorney involved in the case said.
WSJ: Chongqing Court Convicts 18 of Running $10 Billion Money-Smuggling Ring in China
The amount of loans treated this way is unclear because nobody centrally collates the data, and Fitch says its three trillion yuan estimate for off-balance-sheet credit is rough.
On January 21st it announced extra spending of 850 billion yuan over three years to improve health care.
Companies, according to the report, will be eligible for listing if they have a market capitalization of at least 30 billion yuan and have a combined net profit of at least 3 billion yuan in the three years preceding the listing.
In Africa, yuan internationalization fulfills the three functions not fully possible through the current Hong Kong-reliant approach.
FORBES: China's Yuan Internationalization: Made In Africa, Not Hong Kong
On Wednesday, China Construction Bank sold stakes totalling 3.5% to three state-owned companies for 8bn yuan.
China has been doing what it said it would do three years ago or so, appreciate the yuan gradually.
FORBES: BRICS Summit: A Gathering of Strange (But Strong) Bedfellows
Over the next three years it intends to spend 850 billion yuan.
Foxconn points out that this is the third such raise since 2010, and that three years ago, their workers received 900 yuan per month.
Among the biggest losers, Shenzhen-traded Shandong Sun Paper sank to a three-year closing low of 5.03 yuan on Thursday, before edging up 0.01 yuan on Friday.
According to data from the trusts' industry association, trust companies directed 320 billion yuan toward the property sector in the first three quarters of this year.
Its government's yuan debt is now rated AA-, just three notches below the safest mark.
That overtakes the second-place Three Gorges Dam, which cost a mere 203.9 billion yuan.
Carlyle raised its first of three Asia-focused buyout funds in 1999 and has set up two yuan-denominated funds with Chinese partners.
FORBES: David Rubenstein And The Carlyle Group: The Kings Of Capital
Gold in Indian rupee terms rose more than 35 percent from July to November, roughly three times the magnitude of gold priced in U.S. dollars, yuan or yen.
FORBES: Competitive Currency Devaluations Support Higher Gold Prices
Caijing, a Beijing business magazine, has pointed out that over the three years, the central government's annual average share of this would be about 111 billion yuan.
ECONOMIST: The government��s plans are still something of a mystery
Moreover, the yuan has become more competitive thanks to a sharp fall in inflation: prices, which three years ago were rising by 27% a year, are falling today.
应用推荐