Chinese pour savings into stock market

2007-05-13 09:19:08

More than 70 billion yuan (9.1 billion U.S. dollars) was transferred from savings accounts in Shanghai to stock trading accounts in the first four months of this year.

Ping An to become Hang Seng Index counter in June

2007-05-13 09:15:34

China Ping An will be included into stocks covered by the benchmark Hang Seng Index for the capital market of the Hong Kong on June 4.

Online news portal seeks listing

2007-05-12 13:47:38

Eastday.com, Shanghai's biggest online news portal, has begun preparations for a 2008 initial public offering on the city's stock exchange, two sources said on Friday.

Telecom giants to list on market

2007-05-11 17:06:35

China's red-chip telecom companies, are preparing to list on the yuan-denominated A-share market.

Central bank issues bonds to curb excessive credit supply

2007-05-11 16:59:54

The People's Bank of China began on Friday to issue 101 billion yuan (US$12.9b) of central bank bonds earmarked for commercial banks.

Stock index plunges after turbulence

2007-05-11 16:00:48

Mainland stocks opened lower and turbulence in share prices were seen during the day. The Shanghai Composite Index closed at 4,021.68, down 0.69 percent.

Baosteel, Handan Steel to open JV plant

2007-05-11 09:20:59

Baosteel Group, China's largest iron and steel maker, yesterday signed a contract with Handan Iron & Steel Group for a 19.37 billion yuan joint venture plant.

Datang telecom under fire

2007-05-11 09:14:48

The Shanghai Stock Exchange has publicly condemned Datang Telecom Technology Co Ltd over information disclosure.

Yunnan Tin to issue convertible bonds

2007-05-11 09:08:26

Yunnan Tin Co will sell 650 million yuan worth of convertible bonds in an attempt to expand mines and processing plants to meet growing demand.

Hot market may cool: experts

2007-05-11 09:01:59

Analysts said the index is rising so fast that it is in danger of quick profit-grabbing by institutional investors.

Stock index hits another record

2007-05-10 15:39:02

The Shanghai Composite Index closed at another record of 4,049.70 today, up 0.91 percent from yesterday's record-breaking close.

Mainland market growing in volume, influence

2007-05-10 09:13:40

Today, the mainland market is becoming increasingly influential on the Hong Kong exchange.