Selling pressure prunes gains on bourses

The benchmark Shanghai Composite Index suffered its biggest two-day loss this month on Tuesday as investors rushed to offload shares amid heavy selling pressure.

Millionaires bloom in mainland amid stock market boom

China created 1 million new millionaires last year as the country's booming stock market bolstered the ranks of the wealthy, according to a global wealth report released on Monday.

Government backs creation of emerging industries board in Shanghai

The State Council, China's cabinet, issued a statement on Tuesday officially supporting the creation of a strategic emerging industries board on the Shanghai Stock Exchange, to help high-growth and innovative enterprises raise funds through the capital market.

Luxury handbags becoming hot investments

Last winter my friend Eva fell in love with a Celine handbag in a luxury department store. After mulling it over for a day, she came back only to find the exclusive item had been sold. She regrets the indecision to this day.

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Governments and policies

Quotes of the day

Offshore debt markets open up new financing channels for local governments

Offshore debt markets are fast emerging as alternative financing channels for local government financing vehicles and infrastructure companies.

Islands are new status symbols of the wealthy

Luxury cars and private jets are no longer topping the "to-buy" lists of Chinese billionaires.

Legend to raise $1.8b in IPO

Conglomerate Legend Holdings Corp, which is the parent company of Hong Kong-listed Lenovo Group Ltd, the world's largest computer maker by sales, aims to raise more than $1.8 billion in an initial public offering.

Quality brings just rewards for Laox

Liu Yafang, a 35-year-old shopper from Shanghai, busily checks a list of items she has stored on her iPhone.

Leveraged trading comes under regulator's glare

The capital market regulator in China is tightening its oversight on leveraged trading following concerns that it may trigger sharp volatility and even social instability.

Taking right steps to climb the technology ladder

Something inevitable has happened to the relationship between hardware and software - the two have now largely merged into one.