Wuhan Steel to buy stake in Kunming Steel
2007-08-03 16:47:15
Wuhan Iron and Steel Corp has agreed to pay more than 3 billion yuan for a 48.41 percent stake in the flagship subsidiary of smaller rival Kunming Iron and Steel Group.
Stocks jump to break all-time records
2007-08-03 16:30:19
Driven by large-cap financial shares, Chinese stocks leaped higher today, with both major indices breaking all-time records.
Central bank moves on deposit insurance
2007-08-03 16:42:12
China's central bank said it will set up a deposit insurance to guarantee savings and protect depositors as it seeks to instill public confidence in the country's financial system.
CPI may grow 5% in July
2007-08-03 16:38:48
Price pressures are being passed on from producers to the consumers. The nation's CPI growth could reach the highest of five percent in July, the Shanghai Securities Journal reported.
Stocks keep surging, Shenzhen index breaks record
2007-08-03 12:41:37
Chinese stocks kept surging this morning as the Shanghai Composite Index closing at 4,492.23 by the noon break, up 84.5 points or 1.92 percent from yesterday's closing.
Regulator to boost stake in New China Life
2007-08-03 09:07:20
The nation's insurance regulator has paid 576.77 million yuan to boost its stake in New China Life Insurance and become the biggest shareholder of the company.
Going slow on broker reform
2007-08-03 08:53:27
China should only open up its securities industry gradually and not allow foreign players to set up wholly owned subsidiaries in the near term, said a research report released by the Shenzhen Stock Exchange.
China's GDP figures on high side
2007-08-03 08:56:31
The combined total of GDP figures released by China's provincial-level governments for the first half year has added up to 11.92 trillion yuan.
Watchdog tackles bank fraud
2007-08-03 08:39:54
The country's banks reduced crime and irregularities in the first half of the year by 62 percent from a year earlier through improved management and controls, the CBRC said.
Sinopec pipeline approved
2007-08-03 08:37:58
China's top economic planner has given Sinopec the nod to build a pipeline from gas-rich Sichuan to South China, a source from Asia's top refiner said yesterday.
Market back to 4,400 points amid high volatility
2007-08-02 17:22:34
Wednesday's stock market tumble doesn't seem to have inhibited the Shanghai index's overall upward movement, but investors may want to watch out for high market volatility.
SAIC's recent tie-up may trigger some growing pains
2007-08-02 15:26:27
In the eyes of many investors, bigger is better for Shanghai Automotive Industry Corp - but there's no guarantee a greater size would smooth the road for China's leading car maker.