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China's stocks close mixed Friday

China's stocks closed mixed Friday, with the benchmark Shanghai Composite Index down 0.04 percent, or 1.18 points, to end at 2,842.43. The Shenzhen Component Index added 0.27 percent, or 33.98 points, to end at 12,443. Total turnover contracted to 206.8 billion yuan (31 billion U...

China stock index futures open higher Friday

China's stock index futures opened higher Friday. The contract for settlement in December, the most actively traded, opened 3.2 points higher at 3,179.8. The January 2011 contract opened 6.4 points higher at 3,209 while the contract for settlement in March 2011 opened at 3,255.2, ...

Chinese shares open higher Friday

Chinese shares opened higher Friday, with the benchmark Shanghai Composite Index opening 0.11 percent up at 2,846.72. The Shenzhen Component Index also opened higher at 12,458, up 0.39 percent.

ChiNext Index opens slightly lower Friday

ChiNext stocks declined 0.67 points to open at 1,177.17 points on Friday. The index, officially launched on June 1 on the Shenzhen Stock Exchange, has a base value of 1,000 points. The ChiNext Index, together with the Shenzhen Component Index and the Shenzhen SME (small and ...

China's stocks end higher

China's stocks closed higher Thursday, trailing rally of the U.S. stock market overnight on improved economic data. The benchmark Shanghai Composite Index rose 0.71 percent, or 20.16 points, to close at 2,843.61. The Shenzhen Component Index added 0.80 percent, or 98.64 points, ...

China stock index futures close up on Thursday

China's stock index futures closed up Thursday with the contract for December, the most actively traded, up 0.51 percent from the previous trading day to end at 3,167.8 points. The January 2011 contract gained 0.55 percent to 3,196.2 points. The March 2011 contract climbed 0.73 ...

ChiNext Index closes up on Thursday

The ChiNext Index, launched by the Shenzhen Stock Exchange (SSE) on June 1, edged up 0.67 points, or 0.06 percent, to close at 1,177.84 on Thursday. The index, together with the Shenzhen Component Index and the Shenzhen SME (small and medium-sized enterprises) Board Index, makes ...

Oil bears hard to find after market's record run

LONDON - Bears are a rare breed, but not yet extinct in an oil market where prices have doubled in the past 12 months and risen by a quarter this year. History shows price booms do not usually run on uninterrupted. But for oil, which has been rising since 2002, many of the ...

OPEC head says no shortage in oil market

VIENNA -- General Secretary of the Organization of the Petroleum Exporting Countries (OPEC) Abdullah Salem El-Badri said here on Thursday although the oil prices rose sharply in recent months, there was clearly no oil shortage in the market. He said in a statement that the ...

Huayi Bros expands into movie theaters

Huayi Brothers Media Corporation has expanded into the movie theater industry. It will open its first theater on June 24 in the southwest China city of Chongqing, China Business News reported Monday. Huayi Brothers says it will spend 130 million yuan building between six and ...

BOC report: CPI expected to rise 3.7% in Q2

China's business press carried the following stories on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy. BOC report: CPI expected to rise 3.7% in Q2 - China Securities Journal China's consumer price index (CPI) will hit 3.7 percent in Q2, ...

China launches rare earth pilot program in Baotou

China's business press carried the following stories on Tuesday. China.org.cn has not checked the stories and does not vouch for their accuracy. China launches rare earth pilot program in Baotou China Securities Journal China's Ministry of Land and Resources plans to launch a ...

CNOOC, Sinochem in bid for Brazil oil field

China's business press carried the following stories on Friday. China.org.cn has not checked the stories and does not vouch for their accuracy. CNOOC, Sinochem in bid for Brazil oil field - National Business Daily China National Offshore Oil Corporation (CNOOC) and Sinochem Group ...

Verdict expected for Tuesday in Huang Guangyu case

China's business press carried the following stories on Monday. China.org.cn has not checked the stories and does not vouch for their accuracy. Verdict expected for Tuesday in Huang Guangyu case Legal Daily The verdict in the long-awaited Huang Guangyu trial is expected for ...

Hong Kong listing of Guangzhou Auto expected in Q2

China's business press carried the following stories Wednesday. China.org.cn has not checked the stories and does not vouch for their accuracy. Guangzhou Auto to be listed on Hong Kong exchange in Q2 Shanghai Securities News Guangzhou Automobile Group Corp., a Chinese partner of ...

Huijin to back CCB's rights issue

Central Huijin Investment Ltd., the investment arm of China's sovereign wealth fund, China Investment Corp., will spend approximately 43 billion yuan in the fund-raising plan of the state-owned China Construction Bank (CCB), the Shanghai Securities News said Tuesday. CCB, the ...

Guangzhou Auto H shares to start trading on Aug. 30

Guangzhou Automobile Group Corp., a Chinese partner of Honda and Toyota, announced on June 18 that it had applied to start trading on the Hong Kong stock market by way of introduction with 2.2 billion H-shares (stock code: 2238.HK) on August 30, Yicai.com reported on Monday. ...

Pension fund to raise equities holdings

China's National Social Security Fund (SSF) plans to hike its holdings of Chinese stocks this year, the Beijing Business Today reported Friday, citing fund chairman Dai Xianglong. The SSF hopes to profit from the recent sharp decline in the country's equities prices. According to ...

Private brokerages post mixed H1 results

Over the first half of the year, 36 private securities companies have posted mixed results, China Business Daily reported Tuesday. Among these securities companies, Guosen Securities posted the highest net profit of 1.255 billion yuan (US$185 million). Ping An Securities achieved ...

U.S. regulators to meet on oil: EIA

WASHINGTON - U.S. regulators including the Commodity Futures Trading Commission will meet on Thursday to discuss regulations on crude oil markets, the head of the U.S. Energy Information Administration said on Wednesday. U.S. regulators are feeling heat from Congress to rein in ...
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