Shanghai stocks mostly fell yesterday, led by coal shares after Shandong province introduced a temporary price cut for some thermal coal, but a late surge in oil refiners and brokerages lifted the main index off its low.
The global credit crisis could actually increase the volume of M&A deals in Asia's financial sector and China is likely to be the most active area this year, according to a recent report.
Shanghai stocks dropped yesterday, led by China United Telecommunications.
Shanghai stocks slipped yesterday as profit-taking hit power producers and oil refiners, while China United Telecommunications pulled back after an initial surge on a restructuring announcement by its Hong Kong-listed affiliate, China Unicom.
China's health insurance sector is attracting increasing international interest from companies looking to become established in the area which according to insiders will see substantial growth.
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