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.
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.
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.
Leo Melamed, chairman emeritus of the Chicago Mercantile Exchange (CME), will go down in history as the founding father of the futures industry.
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.
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Raymond Zhou
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Berlin Fang
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Huang Xiangyang
Chen Weihua
