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ChiNext stock market down on Feb 26

The ChiNext market went down on Friday as only 22 of the 58 stocks at China's start-up board for small and medium-sized enterprises gained. The board, which is based in Shenzhen and started trading on Oct 30, 2009, is tailored to the needs of enterprises engaged in independent ...

Chinese shares slide Friday after rising for two days

Chinese shares slid on Friday after rising for two consecutive days and hitting a one-month high Thursday, with the benchmark Shanghai Composite Index down 0.28 percent. The index lost 8.68 points to close at 3,051.94 points. The Shenzhen Component Index edged down 0.46 percent, ...

China Mobile to invest 40b yuan in Pudong bank

Shanghai Pudong Development Bank Co Ltd is to raise about 40 billion yuan ($5.86 billion) from a strategic investor, which is most likely to be China Mobile, Caijing.com.cn reported today. A banking industry analyst said the bank is to sell about 2.2 billion shares through ...

Chinese IPOs in US doldrums

Firms' stateside offerings suffer their longest decline in six years NEW YORK: Initial public offerings by Chinese companies in the US are suffering their longest slump since at least 2004 after providing twice the return of American IPOs over the past five years. Chinese ...

China's Bank of Ningbo opens lower despite profit surge report

BEIJING: Shares of Bank of Ningbo opened at 15.36 yuan ($2.26) per share on Friday, down 0.32 percent from the previous close, despite reporting of net profit surge in 2009. In its annual business report filed to the Shenzhen Stock Exchange on Friday, the commercial bank based in ...

Chinese shares hit one-month high as government promises to support key industries

BEIJING Chinese shares rallied for the second day on Thursday, pushing up the benchmark index to a one-month high, after the State Council said Wednesday it would step up efforts to adjust and reinvigorate some of the country's key industries. The Shanghai Composite Index gained ...

China defends move cutting US Treasury securities holdings

BEIJING: China defended its move to reduce its holdings of US Treasury securities, saying the United States should take steps to promote confidence in US dollar. Foreign Ministry spokesman Qin Gang made the comment Thursday when responding to questions on China's sale of US ...

Convicted drunken drivers to pay higher insurance rates

Beginning next week, drunken drivers will face a new penalty of paying higher automobile insurance rates, a new measure to stem the deadly trend on the nation's roads. Drivers found with a blood-alcohol content of more than 80 mg per 100 ml of blood will have to pay the motor ...

Investors turn to defensive stocks

SHANGHAI: Mainland stocks rose for the first time in three days, led by power producers and healthcare companies, as investors sought industries that would be most shielded against a slowdown in the economy. The Shanghai Composite Index rose 39.60, or 1.3 percent, to close at ...

Base metals to rally this year on funds

LONDON: Base metals will rally this year as funds are set to maintain their buy-side bias, while strong Chinese growth will overshadow lackluster growth in mature economies, according to Natixis. The investment bank said in a report this week metals continue to gain acceptance as ...

Bargain-hunting pushes Chinese shares above 3,000-point

BEIJING: A bargain-hunting urge put a brake on Chinese shares' weak run in the previous two trading days and pushed the benchmark Shanghai Composite Index above the psychologically-important 3,000-point level again Wednesday.The Shanghai Composite Index gained 1.33 percent, or 39...

HK stocks close 0.75% lower- Wednesday

HONG KONG: Hong Kong stocks dropped 0.75 percent on Wednesday after a sharp two-day rally as renewed concerns about the global economy prompted investors to book gains after a fall in US consumer confidence spurred losses on Wall Street. The benchmark Hang Seng Index ended 155.26 ...

Fund stake secures firms' reputations

SHANGHAI: The annual results reporting season has by now begun in earnest. But this time, investors have one more item to watch for other than bottom lines, cash flow charts and auditors' comments. That item, touted by analysts and investors as sort of a seal of approval, is the ...

GF Securities achieves back-door listing

Guangfa Securities Co Ltd (GF Securities), a large stock brokerage firm headquartered in south China's Guangdong province, achieved back-door listing in Shenzhen Stock Exchange on Friday. GF Securities announced via its website that the listing was realized by taking over Yan ...

Youngor buys stake in Changsha Zoomlion for $82m

Youngor, China's largest shirt company, said Friday it spent 561 million yuan ($82 million), at 18.7 yuan per share, on purchasing 30 million non-public offering A-shares issued by Shenzhen-listed Changsha Zoomlion. In a statement to the Shanghai Stock Exchange, Youngor, based in ...

Chinese shares inch up on lower inflation data

Chinese equities inched up Thursday as the newly-released January consumer price index, a main gauge to measure inflation, was lower than market expectation, sparking speculation that the central bank would delay interest rate increases. The benchmark Shanghai Composite Index ...

China stocks tumble most in 8 months on property loan curbs

China's stocks plunged, driving the benchmark index down the most in almost eight months, on concern a government crackdown on the property market will increase bad loans and damp consumer spending. A gauge tracking Chinese real-estate stocks tumbled 6 percent to a one-year low, ...

Citic may near a Sino-French brokerage venture

Citic Securities Co, China's largest brokerage by market value, and France's Credit Agricole SA are nearing an agreement to form a global brokerage venture, including China and the Asia Pacific region, said four people with knowledge of the matter. The alliance would include ...

China's index futures milestone step to develop capital market

BEIJING - China launched its decade-long awaited index futures Friday, a milestone in the country's efforts to push the reform of capital market. The new index saw a strong debut Friday, in contrast with a dip in the country's broader stock market, as investors swarmed toward the ...

Chinese shares plunge to below 3,000 points over property curbs

BEIJING - China's main stock index dived to below 3,000 Monday, led by a slump of property shares on government's tougher efforts to rein in excessive property prices gains. The benchmark Shanghai Composite Index on the Shanghai Stock Exchange ended at 2,980.30 points down 150.01 ...

Latest World News

world

Chicago unveils Chinese New Year celebrations
Chicago unveils Chinese New Year celebrations
CHICAGO -- Chicago held a ceremony Friday at the landmark Daley Civic ...
UN chief, Syrian FM in verbal clash at conference
UN chief, Syrian FM in verbal clash at conference
The first day of the peace conference in Montreux, was marked by ...
Chaos on streets after three reported killed in Kiev
Chaos on streets after three reported killed in Kiev
Three people have reportedly been killed in Ukraine's capital Kiev ...

market

finance

Panel to push financial reform in FTZ
Panel to push financial reform in FTZ
Financial reform in the China (Shanghai) Pilot Free Trade Zone will ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
China economic reform in focus at World Economic Forum
China economic reform in focus at World Economic Forum
There’s been much talk of China at the World Economic Forum-and a ...

company

industry

China's banks must evolve or perish
China's banks must evolve or perish
As China's traditional banks raise interest rates to claw back lost ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese steelmakers see profits plunge
Chinese steelmakers see profits plunge
China's 77 major steel companies reported an average profit margin of ...

trade

sports

Injured star short-track skater Wang Meng left out of China's squad for Sochi
Injured star short-track skater Wang Meng left out of China's squad for Sochi Winter Games
Injured Olympic champion Wang Meng has been ruled out of the 139...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Li Na wins French Open women's singles title
Li Na wins French Open women's singles title
History-making tennis legend Li Na notched the first-ever grand slam ...
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