Bourse issued caution for H-share investment
2007-06-29 08:54:20
Mainland citizens should not divert funds into H-shares via illegal channels or entrust capital to unqualified private-equity funds for stock investment, the exchange warned yesterday.
New rules on futures target big investors
2007-06-29 08:48:54
China's new rules on stock-index futures will limit the derivatives to institutions at the initial stage, and turnover won't be heavy enough to significantly affect the stock market.
Fujian Expressway planning highway expansion
2007-06-29 08:31:29
Fujian Expressway Development Co said yesterday it is planning to spend 14.1 billion yuan to expand two highways because of surging traffic in Fujian.
Baosteel sets up joint venture
2007-06-29 08:27:18
Baosteel yesterday set up a joint venture with privately owned Jiangsu Yinhuan Precision Steel Tube Co Ltd in Jiangsu to produce nuclear power evaporator steel tube.
Index falls 4.03% as panic grows among investors
2007-06-28 15:49:44
Chinese stocks plunged 4.03 percent as panic grew among investors amid concerns on the issuance of 1.55 trillion yuan of special T-bonds and a possible slash on interest tax.
QFII fund suffers from US$1.79b redemption
2007-06-28 15:21:24
Recent data shows the FTSE/Xinhua ishare A50 China Fund, the largest fund raised by QFII, suffers from the largest amount of redemption of the past four months.
Interest tax slash won't impact stock market seriously
2007-06-28 13:53:45
China's top legislature yesterday began discussing a draft bill to suspend or cut the interest tax, but experts said the interest tax slash won't impact the stock market seriously.
BOC sets up strategic tie with China Life
2007-06-28 13:48:47
Bank of China will set up a strategic cooperation relationship with China Life Insurance Group as the two pledged more collaboration in a deal signed in Beijing today.
Code-share with Air China
2007-06-28 13:42:44
Air New Zealand, the nation's biggest airline, and Air China agreed to share flights on routes linking the two countries to improve tourism.
China shipping to sell convertible bonds to buy 42 ships
2007-06-28 09:17:06
China Shipping Development Co said it plans to start selling 2 billion yuan of bonds convertible into shares on July 2 and use the funds raised to buy 42 dry-bulk cargo ships.
UBS gets to arrange PetroChina share sale
2007-06-28 09:12:23
UBS AG was hired by PetroChina Co to arrange what may become China's biggest share sale this year, three people with direct knowledge of the decision said.
Stock regulator's action cuts number of mutual funds issued
2007-06-28 09:05:53
Twenty-four mutual funds were launched in the first half of the year, against 49 issued in the same period of 2006, as the regulator took action to cool the red-hot stock market.