Foreign exchange net inflows via personal accounts in domestic banks in 2005 have amounted 54.9 billion US dollars, the China Business News reported, citing figures from the State Administration of Foreign Exchange, reported XFN Asia.

International Finance Corp (IFC), the World Bank's investment arm, plans to invest in China's securities industry as aggressively as it has in the banking industry, where it has spent almost US$600 million in seven years, XFN Asia reported, citing the South China Morning Post.

China and Japan signed an agreement in Beijing on Thursday to expand mutual aviation market by increasing 20% passenger flights and double cargo volume, said Xinhua.

UBS, Switzerland’s largest bank and Asian leading bank in private banking, is close to completing a deal with Beijing Securities, reports Swiss Info. The deal would allow UBS to have 20% stake of the brokerage firm as the first foreign institution to get hold of a Chinese investment company.

China and Japan plans an accord to increase passenger flights by 20% and double cargo volume, reported the Financial Times. Japan’s transport Minister and China’s Vice-president of Civil Aviation Authority will meet in Beijing on Thursday.  

China will allow futures brokers to trade overseas and establish investment funds to spur development of its capital markets and unlock more of the nation's 15.4 trillion yuan, or $1.9 trillion, of household savings, Bloomberg news reports.

China’s Central Bank announced on Tuesday that China bank sector is opened to brokerage firms which are allowed to do business on the inter-bank bond market and inter-bank loan market, Xinhua news reports.

With the booming stock market and the reforms on brokerage business, Shanghai-based Orient Securities, China's eighth biggest broker by total assets, on Monday reported a net profit of 551 million yuan (HK$536.8 million) for the first six months, versus a loss of 27 million yuan a year earlier and a loss of 296 million yuan for the whole of 2005, reports The Standard.

China Southern Airlines, China's largest carrier by fleet size, said it carried 3.84 million passengers in June, a 9% year-on-year increase.

Chinese official states that foreign direct investment in Mainland finance sector would not pose threat to national security, writes The Standard on Monday.