Special supplement: Mawei looks for growth to 'free trade garden'

Mawei district of Fuzhou is a prosperous land in the capital of Fujian province that is building itself into a "free trade garden."

Special supplement: Ships link kinship across Straits

Passenger ships between Mawei district and Matsu Island have for years been a shortcut for visits between compatriots across the Taiwan Straits.

Special supplement: Historic tourism sites shipshape

Mawei was a quiet town for thousands of years until about 150 years ago, when it came to be known as the cradle of the Chinese navy.

Business Roundup

Fund performance hurt by weak stocks

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.

Biz scene

GRAPEVINE

Business Roundup

Banks drop on higher reserve requirement

Industrial and Commercial Bank of China Ltd fell to an 11-month low in Shanghai trading, leading banks lower after they were told to set aside more deposits as reserves for a fifth time this year, reducing funds available for lending.

OTC market central to Tianjin's development

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.

Biz scene

BIZ MOVES

Business Roundup

Futures guru upbeat on China

Leo Melamed, chairman emeritus of the Chicago Mercantile Exchange (CME), will go down in history as the founding father of the futures industry.