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Top Biz News
MOSCOW: Russian billionaire Oleg Deripaska's aluminum producer United Co Rusal may offer stakes in smelters and mines to Chinese companies to ensure the success of its initial public offering in Hong Kong, analysts said.
The Hong Kong government announced Friday that the city's economy saw further improvement in the third quarter, with real gross domestic product (GDP) growing 0.4 percent over the second quarter.
China's Tibet autonomous region received a record number of 5.27 million tourists in the first 10 months of this year, according to a tourist official.
China should keep home prices from long time "abnormal increases" and divert profits made from home price hikes to the public through taxation, a senior property official said in Beijing Friday.
China's fiscal revenue for October reached 684.49 billion yuan (about $100 billion), up 28.4 percent compared to the same period last year, the Ministry of Finance announced Friday.
An Australian iron ore producer announced on Friday that it had sold the expected first five years of production from a new mine to Chinese customers.
China Minsheng Banking Corp, the mainland's leading non-state-owned bank, launched an initial public offering on the Hong Kong stock market on Friday to raise around HK$30 billion.
Chinese equities rise slightly on Friday with the benchmark Shanghai Composite Index up 14.7 points, or 0.46 percent, to close at 3,187.65.
Chinese President Hu Jintao put forward a four-point proposal to boost economic growth and revive the world economy during a speech at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Singapore on Friday.
Honda Motor and Guangzhou Automobile may expand the capacity of their China plant by a third next year to meet robust demand in the world's largest market, chairman of the Chinese automaker said on Thursday.
The China Advertising Association publicly condemned 58 illegal infomercials on Sept 25 after an investigation by the State Administration of Industry and Commerce.
Cheung Kong (Holdings) Ltd Chairman Li Ka-shing is buying more shares in the property developer, the worst-performing stock this year among Hong Kong's five biggest real-estate companies.
| Name | Value | Change | Time |
| Shanghai | +1.25% | Tue | 3,235.36 |
| Shenzhen | +1.42% | Tue | 13,677.72 |
| HSI | +1.34% | Tue | 22,113.15 |
| NIKKEI | +2.43% | Tue | 9,572.20 |
| Dow | +0.34% | Mon | 10,344.80 |
| Nasdaq | +0.29% | Mon | 2,144.60 |
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