 |
|
|
 |
|
Individual investors in Wenzhou have realized that they should look at developing industries, such as renewable power, to seek better opportunities.
The valuations of the IPOs of foreign firms on China's international board are likely to be similar to the level in the markets in which they are already listed, said Duncan Niederauer, chief executive officer of NYSE Euronext on Friday.
Bocom International Holdings Ltd, the overseas securities unit of China's fifth-largest lender, plans to hire staff from foreign rivals to help it reach a target of doubling investment banking revenue this year.
Chinese demand for gold bars and coins as private investments could push bullion imports above 400 tonnes in 2011, the leading global consultancy GFMS said on Friday.
Parents of children with cerebral palsy are going to have a place to turn for help, as the first public foundation to provide aid has been set up in northern Shanxi province.
Stocks on the Chinese mainland fell on Friday, extending the benchmark index's biggest weekly drop in 11 months. The decline came after a report showed profit growth slowed among industrial companies and concern intensified that inflation will accelerate this month.
The US Treasury Department said in a report released on Friday that China was not manipulating its currency.
China's foreign exchange regulator announced Friday that it will simplify some procedures regarding the management of capital accounts in a bid to encourage trade and investment.
Hong Kong stocks gained 217.28 points, or 0.95 percent, to close at 23,118.07 on Friday.
Chinese shares dropped for its seventh straight day of losses on Friday as growth concerns still haunted market sentiment.
China Unionpay, a national bank card association, said on Thursday that it has issued its first Unionpay debit card in the People's Democratic Republic of Laos.
The People's Bank of China offered third-party payment licenses to 27 companies including Alipay, Unionpay and a unit of Tencent Holdings Ltd, the central bank said in a statement posted on its website on Thursday.
