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China’s yuan is facing increasing pressure to appreciate because of a widening interest-rate differential, the country’s top currency regulator said in a statement.
Speculative capital is flowing into China disguised as foreign direct investment and trade accounts through “underground money shops,” Yi Gang, head of the State Administration of Foreign Exchange, said at a briefing in Beijing today.
The [...]

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A bipartisan group of 15 U.S. senators Thursday insisted China’s currency practices are effectively a subsidy and urged Commerce Secretary Gary Locke to consider action against Chinese imports.
“There can be no doubt that China’s policy of large-scale intervention in the exchange markets and the significant undervaluation of its currency acts as a subsidy to Chinese [...]

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Think the TARP tax rocked the market? That doesn’t compare to the next possible jolt it may get.
But don’t panic –  this jolt should be bullish and take the market higher.
Now make no mistake – this is strictly chatter from the forex markets and they’re “the Wild West,” explains top trader Brian Kelly of Kanundrum. A [...]

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HONG KONG : Hong Kong stocks have come under pressure amid worries over further credit tightening measures by China.
The Hang Seng is down by some 8 per cent for the year, and 13 per cent lower than its peak in mid-November 2009.
Market watchers have said they expect further weakness in the coming sessions as outflow [...]

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DAVOS, Switzerland : Global leaders and bankers will be looking for firm signs at the Davos forum this week of China’s determination to control the hot money pouring into its economy.
A year after China’s Premier Wen Jiabao sternly lectured the United States and other western nations at the World Economic Forum for causing the international [...]

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WASHINGTON : The lead author of a World Bank report on the global economy published Wednesday said the bank sees “signs of bubbles” in the Chinese economy, a problem he said the Chinese government acknowledges.
“We can already see some signs of bubbles and signs of tensions in the Chinese economy, in particular in the housing [...]

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BEIJING, Jan 14, 2010 (AFP) – Property prices in Chinese cities continued to soar in December, rising at the fastest pace in 17 months, official figures released Thursday showed.
Property prices in 70 medium and large cities increased by 7.8 percent in the last month of 2009 from a year earlier, and 1.5 percent from November, [...]

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BEIJING: China ordered vigilance against foreign “hot money” flows and speculative real estate investment on Sunday in its latest expression of concern over a surging property market.
The order issued by the State Council, or Cabinet, called on authorities nationwide to take a range of measures to “promote the stable and healthy development of the real [...]

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Accused of overseeing Ponzi scheme
Toronto police have issued an arrest warrant for a man claiming to be the “Chinese Warren Buffett” for allegedly defrauding more than 100 people of a combined $30 million.
Weizhen Tang, 51, is wanted on fraud charges for overseeing what police call a Ponzi scheme between January 2006 and March 2009.
His online [...]

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SHANGHAI: China said on Monday it would soon launch a stock index covering 500 firms listed in the mainland, Hong Kong and Taiwan to enhance financial cooperation in the Greater China region.
China Securities Index Co, established by the mainland’s two bourses in Shanghai and Shenzhen, will start to publish the CSI Cross-Straits 500 Index [...]

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