China Financial News Headlines

China Securities Regulatory Commission (CSRS) has approved QFII about four foreign institutions in September
As China Securities Regulatory Commission (CSRS) reported today, another four qualified foreign institution investors were approved. So, there are 69 institutions have got QFII in our country.

 “2008 Autumn Report”
Chinese Academy of Social Sciences issued the “2008 Autumn Report” forecast on October 10 that retail sales of social consumable in 2008 would exceed 10 trillion yuan and reach 10666 billion yuan approximately.

The growth of Chinese GDP will be slow down to 10.1% or so this year
Chinese Academy of Social Sciences issued “2008 autumn report” on 10th predicted that the growth of Chinese economy will be slow down in 2008; the growth rate of GDP would be slow down to 10.1% or so.

Worrying banks being not reliable, many British people buy coffers to deposit their money
Financial crisis has made many business banks in America and Europe in trouble; so many depositors are worried that their bank deposits are not guaranteed.

India central bank has lowered the cash reserve ratio of 100 basis points for another time
India central bank has lowered the cash reserve ratio of 100 basis points for another time on Friday, so it is down to 7.5%. Before this cutting down, the very bank has lowered the cash reserve ratio of 50 basis points already

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