Business China

Ratio hike may hurt sentiment

SHANGHAI: The central bank's latest move to raise the reserve requirement ratio by 100 basis points is expected to dampen stock investors' sentiment as it indicates a possible consistent tightening monetary policy in the coming months.

Warburg Pincus buys stake in mobile phone maker

Warburg Pincus, a US-based private equity fund, is to acquire a stake in Beijing Tianyu, one of the nation's major mobile phone makers, in a move that marks a step up in the US group's investment in China.

IN BRIEF (Page 14)

Regulator orders efficient credit

China's banking regulator has asked banks and credit cooperatives to ensure credit to grain producers and agricultural firms yesterday, in a move to spur grain production and aid reconstruction efforts of production areas in earthquake-hit Sichuan province.

Rebuilding drive to boost IT sector

The reconstruction of areas affected by the earthquake is expected to have a positive impact on the IT sector across the country, a research firm said in a report.

HSBC debuts in gold

In what is being widely seen as a major step toward globalizing China's gold market, HSBC yesterday became the first overseas bank to start trading gold on Shanghai Gold Exchange (SGE) after gaining approval from China's banking regulator.

Business China

Special supplement: Changchun zone redefines identity, sets future plans

"Who are we and where do we want to go" are questions Huang Wenhua asked in September 2005 when he was named director of the administrative committee of the Changchun Economic and Technological Development Zone (CETDZ).

IN BRIEF (Page 14)

Business China

Airlines plan to cut flights

SHANGHAI: Major Chinese airlines are moving fast to tackle the mounting pressure from escalating fuel prices and shrinking market demand.