Bourses face uncertain future

2008-06-16 09:42:01

Under the present situation, it is difficult for Shanghai Futures Exchange and Shanghai Petroleum Exchange to fulfill their function of price discovery, analysts said.

Credit Suisse, Founder approved to launch securities JV

2008-06-16 09:15:36

Credit Suisse won approval from China's securities supervisor on Sunday to form a joint venture with a domestic brokerage firm, Founder Securities Co. 

Why big games leave market cold

2008-06-16 10:25:32

It is obvious that investors do not like to see the large companies set unreasonably high share prices and pursue immense fund raising plans with only scanty information about what they are going to do with their proceeds.

Chinese shares fall to 15-month low

2008-06-13 16:26:40

Chinese shares continued falling to a 15-month low on Friday as investors are still nervous about the inflationary pressure and tightening policies.

Merchants Bank to raise 30b yuan in bond sale

2008-06-13 09:18:52

China Merchants Bank plans to raise as much as 30 billion yuan in its biggest bond sale to bolster capital after acquiring Hong Kong's Wing Lung Bank.

Shares drop 2.21% despite favorable CPI release

2008-06-12 16:55:16

Chinese shares continued to move downward on Thursday, with the benchmark index slumping 2.21 percent to below 3,000 points, although the official figure reported dropping inflation.

Fund performance hurt by weak stocks

2008-06-12 09:55:06

All fund classifications suffered losses in May due to the weak performance of the mainland equity market, with QFII funds losing 7.29 percent on average.

PetroChina to sell bonds

2008-06-12 09:32:57

PetroChina Co, the country's largest oil producer, plans to issue up to 60 billion yuan worth of corporate bonds to reduce its debt and supplement the working capital.

Sinopec to boost oil output to guarantee domestic supply

2008-06-12 13:57:16

China Petrochemical Corp (Sinopec), Asia's largest oil refiner, said it would cut ethylene output to increase oil production this month to ensure supply for the summer grain harvest.

CITIC to privatize HK-listed arm

2008-06-12 09:07:40

State-owned financial conglomerate CITIC Group will pay lower than expected to privatize its Hong Kong-listed arm CITIC International Financial Holdings.

Shares broke 3,000 points during trading

2008-06-11 16:24:57

Chinese shares continued to move downward on Wednesday, with the benchmark index slumping below 3,000 points in morning session before slightly rebounding to close 1.57 percent lower.

OTC market central to Tianjin's development

2008-06-11 11:10:25

Of the many initiatives planned to turn Tianjin Binhai New Area into a financial center, it is the proposed over-the-counter, or OTC, market which is taking center stage.

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