Baosteel agrees 65% iron ore price hike
2008-02-23 09:15:26
Baosteel agreed on Friday to pay 65 percent more for iron ore to Brazil's Cia Vale do Rio Doce, for 12 months beginning April 1, 2008.
Shanghai Composite takes a hit
2008-02-23 09:51:42
An investor monitors price changes at a securities house in Changchun, Jilin province. The Shanghai Composite Index fell 3.47 percent to close at 4370.29 on Friday. [China Daily]
China faces rising inflation risk
2008-02-23 08:54:23
The central bank warned on Friday that China is facing an "increasing" risk of inflation and said price levels will remain high throughout the first half of the year.
Index closes 3.47% lower on liquidity concern
2008-02-22 15:54:54
Chinese share prices closed lower amid liquidity concern aroused by upcoming IPOs of China railway construction giant and the overnight drastic decline on Wall Street.
Zinc futures surge on shortages
2008-02-22 09:48:58
All six Shanghai futures products rose sharply yesterday, with zinc surging to the daily allowable limit on expectations of strong demand and short supply after recent blizzards.
Sinopec denies market talk of share sale
2008-02-22 13:40:25
Sinopec has denied market talk that it plans to raise around 60 billion yuan ($8.4 billion) by selling an additional five billion shares.
Ping An to stick to issue plan
2008-02-22 09:13:30
Ping An Insurance, the country's second largest insurer, won't change its refinancing plan after it triggered a sharp market fall and spurred a new round of share sales by other listed companies.
China enhances M&A regulation of listed firms
2008-02-21 11:13:55
China has set up an individual committee to oversee the merger and acquisition of its listed firms, as the resources allocation maneuver becomes increasingly important.
S&P: China banks largely unaffected by subprime
2008-02-21 14:49:36
China's banks will remain largely unaffected by the US subprime crisis, said a senior director at Standard & Poor's.
M&A deals will maintain strong momentum
2008-02-21 09:00:08
Merger and acquisition (M&A) activities will continue to see strong growth in 2008, especially in the local market, analysts said.
Pudong Bank comfirms share sale plan
2008-02-21 13:58:30
Shanghai Pudong Development Bank Co confirmed Thursday that it plans to sell additional shares to boost core capital.
ICBC lends $2.37b for snow disaster recovery
2008-02-21 09:02:04
ICBC, China's largest commercial bank, extended 16.94 billion yuan in loans over the past month to areas stricken by severe winter weather.