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Yuan advances to record high Wednesday: The Chinese currency Renminbi, or the yuan,strengthened 21 basis points to hit 6.4795 per US dollar on Wednesday, according to the China Foreign Exchange Trading system. On China's foreign exchange spot market, the yuan can rise or fall 0.5 percent from the central parity rate ...

China's stocks advance for 3rd day Wednesday: Chinese shares rose for the third consecutive day on Wednesday with the benchmark Shanghai Composite Index closed up 0.22 percent, or 5.99 points, at 2,750.29. The Shenzhen Component Index rose 0.17 percent, or 19.84 points, to 11,761.10.

Shanghai prepares for int l board: All the preparation for a long-awaited international board on the Shanghai Stock Exchange is "basically" in place, Shanghai's vice-mayor said in a speech, giving the clearest sign yet that the board's launch is imminent. "All the conditions for the board have basically been put ...

Coal and property fuel private-capital boom: Ordos is the center of unregulated lending, as Li Xiang reports. Gao Shan, the owner of a private coal mine and a property company, had no idea what private equity (PE) was until a local fund manager approached him earlier this year with an investment proposal promising a 10-fold ...

Nanning Baling becomes 1st failed IPO: Nanning Baling Technology Co has become the first company in the 20-year history of the Chinese stock market to scrap its initial public offering after the formal launch after failing to draw sufficient interest from institutional investors,the Shanghai Securities News reported. ...

Hangzhou Iveco to manufacture Fiat gearboxes: Fiat SpA, Europe's sixth-largest automaker by market share, will locally produce its gearboxes in China, as part of its plan to gain a foothold in the world's biggest automobile market. The gearboxes will be produced in partnership with the Italian carmaker's Chinese partners - ...

Nanning Baling becomes 1st failed IPO in China: Nanning Baling Technology Co has become the first company in the 20-year history of the Chinese stock market to scrap its initial public offering after the formal launch after failing to draw sufficient interest from institutional investors,the Shanghai Securities News reported. ...

Yuan's band may be widened: China's central bank may widen the daily trading band of the yuan against the US dollar over the next few weeks as it pursues market liberalization and continue to battle inflation, according to a bank's research note yesterday. The yuan-dollar daily trading band is expected to ...

Chinese shares close higher on Tuesday: Chinese shares rose on Tuesday with the benchmark Shanghai Composite Index closed up 0.6 percent, or 16.28 points, at 2,744.3. The Shenzhen Component Index rose 0.85 percent, or 98.86 points, to 11,741.26.

Chinese shares edge up at midday Tuesday: Chinese shares edged up in the morning session on Tuesday with the benchmark Shanghai Composite Index up 0.11 percent, or 2.93 points, to 2,730.95. The Shenzhen Component Index gained 34.78 points, or 0.30 percent, to 11,677.18.

China's capital market faces problems: China's capital market faces three problems namely marketization, market structure and cultural factors, a senior official with China Securities Regulatory Commission (CSRC) has said. Marketization should be promoted as the country's stock exchanges still lag behind global ones ...

China's capital market faces 3 problems: BEIJING - China's capital market faces three problems namely marketization, market structure and cultural factors, a senior official with China Securities Regulatory Commission (CSRC) has said. Marketization should be promoted as the country's stock exchanges still lag behind ...

Hangzhou Iveco to manufacture Fiat gearboxes: Fiat SpA, Europe's sixth-largest automaker by market share, will locally produce its gearboxes in China, as part of its plan to gain a foothold in the world's biggest automobile market. The gearboxes will be produced in partnership with the Italian carmaker's Chinese partners - ...

Produce and Meat Prices Continue to Rise but at Slower Rate: Produce and meat prices continued to rise in the week ending June 5 but at a slower rate than the previous week, the Ministry of Commerce (MOC) said on Tuesday. During the week of May 30 to June 5, the price of pork rose 1.8 percent from the previous week with a growth rate down ...

Imported Iron Ore Stocks Rise in China: Inventories of iron ore at 25 of China's major sea ports rose by 380,000 metric tons to hit a total of 93.45 million metric tons on June 6, according to the Xinhua-China Iron Ore Price Index released on Tuesday. The index, compiled by the Xinhua News Agency, tracks iron ore ...

Iran to Sell Crude in Stock Market: Minister: Iran's Minister of Economic Affairs and Finance Shamseddin Hosseini announced his country's plan to launch crude transactions in the international oil bourse on the Persian Gulf island of Kish, the local satellite Press TV reported on Tuesday. Hosseini said Monday that sale of ...

China's A-share market to raise 1t yuan: BEIJING - The country's A-share market is expected to raise more than 1 trillion yuan this year despite government measures to withdraw liquidity out of the market. The A-share market, or yuan-denominated stocks market, attracted 438.4 billion yuan ($67.76 billion) in the first ...

Power price rise won't dim shortfalls: China's latest power price increase for industrial and commercial users may help ease what could be the nation's worst energy shortages on record, but many analysts said it's far from a panacea for a persistent problem that's likely to bedevil the nation for years to come. The ...

China's A-share market to raise 1 trln yuan this year: The country's A-share market is expected to raise more than 1 trillion yuan this year despite government measures to withdraw liquidity out of the market. The A-share market, or yuan-denominated stocks market, attracted 438.4 billion yuan (67.76 billion U.S. dollars) in the first ...

China's A-share Market to Raise 1 Tln Yuan in 2011: The country's A-share market is expected to raise more than 1 trillion yuan this year despite government measures to withdraw liquidity out of the market. The A-share market, or yuan-denominated stocks market, attracted 438.4 billion yuan (67.76 billion U.S. dollars) in the first ...

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