Index up 1.65% with turnover shrinking to new 3-month low
2007-07-03 15:48:08
Chinese stocks finished 1.65 percent up with turnover on the two stock exchanges shrinking to 129.8 billion yuan, a new low in three months.
New index to track AH share price gaps
2007-07-03 13:47:06
A new index will enable investors to track the price gap between shares of companies traded on both the Hong Kong and Shanghai bourses.
Yuan hits new high against dollar
2007-07-03 13:43:14
China's currency hit a new high against the US dollar on Tuesday as the country's trade surplus is projected to top US$100 billion in the first half of the year.
Banks urged to curb stock loans
2007-07-03 09:05:57
The banking regulator has ordered small and medium-sized banks to rein in lending and step up their oversight of credit flows to prevent borrowed funds from entering the heated property and stock sectors.
Jim Rogers still confident on China's market
2007-07-03 09:00:37
JIM Rogers, who predicted the start of the global commodities rally in 1999, said he's sold out of all emerging markets with the exception of China because they're "over-exploited."
UBS approved to revive closed-end funds
2007-07-03 08:46:31
Swiss bank UBS AG's mainland fund venture has become the first firm approved to revive domestic sale of closed-end funds amid efforts by China's stock regulator to expand the product scope.
State-asset company prepares for brokage
2007-07-03 08:40:53
China Orient Asset Management Corp is on track to hire investment bankers and researchers, among other staff, for a securities arm that it is preparing to set up, sources said yesterday.
Listed companies must disclose securities investments
2007-07-03 08:25:49
Listed companies must disclose their information on stocks they hold in other listed companies and stakes they have in non-listed financial companies and companies planning to go public.
ICBC raises $585m in China's largest QDII fund
2007-07-03 08:18:42
Industrial & Commercial Bank of China Ltd. raised 4.45 billion yuan for the country's largest fund that allows local investors to buy securities abroad.
Stocks finish mixed with lowest turnover in 3 months
2007-07-02 15:42:12
Western mining seeks US$815m in Shanghai IPO
2007-07-02 12:48:49
China's Western Mining Co, a producer of zinc, nickel and copper, is seeking as much as 6.2 billion yuan in a Shanghai initial public offering to expand production and buy stakes in other mines, Bloomberg said today.
Shares record biggest monthly loss in 2 years
2007-07-02 08:40:26
The mainland’s main stock index tumbled more than 2 percent Friday, ending June with its biggest monthly loss since May 2005, because of fear that government policies would suck funds from the market.