Wenwen Meng

China's key stock index closed up 0.1 percent, supported by a key technical level and better-than-expected earnings from two banks.

China is committed to reforming its exchange rate policy, the Foreign Ministry said on Tuesday, after senior U.S. senators pressed for Congress to get tough with China over manipulating its currency.

China faces growing challenges in managing its foreign exchange reserves -- the world's largest at $2.85 trillion, the country's foreign exchange regulator said in remarks published on Tuesday.

China's increases in bank reserve requirement ratios (RRR) have become a key part of its arsenal in managing massive fund flows and investors should not be concerned that such policy tightening will choke growth.

Chinese President Hu Jintao on Tuesday flew to the United States for a state visit buffeted before he even lands by senior U.S. senators demanding tough action against China for manipulating its currency.

Adriana Resources reached a joint venture agreement with a unit of China's Wuhan Iron and Steel Co Ltd on Monday in the latest in a series of deals in Canada's iron mining sector.

China's central bank has cut its 2011 lending target for banks by 10 percent from last year, the official Securities Journal reported on Tuesday, citing unidentified banking sources.

China's securities regulator will begin a trial programme that for the first time allows local fund houses to raise money offshore for investment in the domestic financial market, two sources said.

China has emerged as a world leader in the manufacture of solar photovoltaic technology, and could soon be the largest supplier of wind turbines, thanks in part to state laws and directives that reward renewable energy equipment companies with cash and tax perks.

China's central bank has devised calibrated reserve ratios for different banks to tighten curbs on bank lending and tame quickening inflation, Chinese media said on Monday.

China's securities regulator will begin a trial programme that allows local fund houses to raise money offshore for investment in the domestic financial market, two sources said on Monday.

MasterCard Worldwide's (MA.N) partnership with China UnionPay, the country's lone bank card transaction processor, will help it become a player in China's 3 trillion yuan ($455 billion) personal consumption market in five to 10 years, the head of MasterCard in China said on Monday.

South Korea's Hana Financial Group Inc (086790.KS) has formed a strategic tie-up with China Merchants Bank Co Ltd (600036.SS), Hana said on Tuesday.

China's securities regulator will begin a trial programme that allows local fund houses to raise money offshore for investment in the domestic financial market, two sources said on Monday.

PRC property developer Evergrande Real Estate Group made history last week with a Rmb9.25bn (US$1.4bn) synthetic renminbi bond - the biggest to date in the fast-growing market.

Hong Kong stocks are expected to edge higher on Monday to a near two-month high, as the appetite for risky assets stays steady after JP Morgan's quarterly earnings report lifted Wall Street on Friday.

China's key stock index opened down 0.7 percent on Monday, with banking and property stocks slipping, after the People's Bank of China announced a rise in lenders' required reserves for the fourth time in just over two months.

Chinese President Hu Jintao will meet U.S. President Barack Obama in Washington this week for a summit. The two leaders are expected to discuss a wide range of issues including global trade and currency valuations.

Seoul shares are likely to open cautiously on Monday after the latest move by China to tighten monetary policy, while crude refiners and airlines may be tracked on crude oil prices' continued gains.

Bank of China Group Investment is expected to spin off its China rental properties through a yuan-denominated REIT listing in Hong Kong, to raise more than HK$2.3 billion ($296 million), the Apple Daily reported on Monday.

Gold rebounded slightly on Monday from a one-percent fall in the previous session, after China further tightened its monetary policy to curb inflation, and holdings in the gold-backed exchange-traded fund continued falling.

Singapore shares may open higher on Monday following gains on Wall Street overnight, lifted by financial stocks. However, any gains may be subdued due to China's latest move to tighten monetary policy.

Li Ning Group Ltd (2331.HK) said on Monday that same-store sales growth of its L-Ning brand products increased 3.6 percent in the fourth quarter and about 3.9 percent for the full year.

Shanghai hopes to encourage foreign companies to raise capital through stock and bond issuance in Shanghai this year, Mayor Han Zheng said on Sunday, while also confirming the city plans a trial property tax during 2011.

Indonesia warned on Sunday that maritime conflicts in Asia could spiral out of control and threaten regional stability, as Southeast Asian nations sought common ground on the disputed South China Sea.

Rain, snow and ice are forecast through Friday in many parts of China and could disrupt travel plans for millions who aim to get on the road ahead of the Lunar New Year holidays, state media reported on Sunday.

A Chinese porcelain manufacturing company has won the order to make the official tableware to be used at the British royal wedding of Prince William and his fiancee Kate Middleton.

Chinese President Hu Jintao urged an end to a zero sum Cold War relationship with the United States and proposed new cooperation, but resisted U.S. arguments about why China should let its currency strengthen.

China will not loosen its annual quota on banks' short-term foreign borrowings for 2011 due to rising pressure from speculative capital inflows, a senior regulatory official said on Saturday.