Investors tap savings for trades in equities
2007-08-02 09:10:06
Shanghai's banking regulator said Tuesday that savings account withdrawals more than doubled in the first half, as cash was apparently lured away by the booming stock market.
China authorises first JV fund as QDII
2007-08-02 09:03:35
China's Harvest Fund Management Co. Ltd has become the first joint venture fund approved as a qualified domestic institutional investor authorized to invest overseas, and is set to launch its first offshore fund.
Yuan steady despite pressure
2007-08-01 10:15:45
The yuan remained relatively stable despite anticipated pressure from the United States while its Treasury Secretary Henry Paulson visits Beijing.
Baosteel acquisition deal approved
2007-08-01 16:44:55
Baosteel Group Corp became the controlling holder of Xinjiang Ba Yi Iron & Steel Co, listed in Shanghai, as the government approved the company's acquisition of Ba Yi's parent.
Yangtze Power revises profits
2007-08-01 16:41:02
China Yangtze Power Co, operator of the world's biggest hydropower project, yesterday revised its first-half profit higher because of an accounting error.
Plastic futures now on sale
2007-08-01 08:56:44
Plastic futures debuted yesterday at the Dalian Commodity Exchange in the coastal city in northeast China's Liaoning Province.
The name game of Haitong
2007-08-01 08:50:14
Shares of Haitong Securities Co started trading under the company's own name yesterday on the Shanghai Stock Exchange, according to the exchange's Website.
CREC A share offer okayed, H shares pending
2007-07-31 15:49:23
China Railway Engineering Corporation(CREC) made a big step in its listing plan by hitting the domestic A share market, a source from CREC management said.
Poly plans share offer to fund expansion
2007-07-31 12:43:49
Shanghai-listed developer Poly Real Estate Group Co will issue up to 350 million shares to raise 19.42 billion yuan to fund expansion.
ICBC mulls private banking plan
2007-07-31 11:23:04
ICBC is preparing to set up a private banking unit but has ruled out a foreign partnership for the project, the China Securities Journal reported yesterday.
Electricity sparks surge
2007-07-31 09:03:10
China Yangtze Power Co,operator of the world's biggest hydropower project, said first-half profit jumped 72 percent due to increased electricity output and share sale.
Expert: Market forces to squeeze China's securities sector
2007-07-31 08:53:53
Market competition should drive the number of Chinese securities firms from 104 down to 30 to 50, says leading economist Wu Xiaoqiu.