CNOOC promises 500m yuan for relief

China National Offshore Oil Corp (CNOOC), the country's largest offshore oil producer, plans to donate 500 million yuan over five years for post-quake reconstruction.

Tremor likely to be felt in prices: Experts

Tremor of the May 12 earthquake is more likely to be felt in macroeconomic regulations as inflation continued to hover above 8 percent in April.

Shares take a tumble with large caps

Taking its cue from the stock dive in Hong Kong, the mainland market plunged 4.48 percent yesterday, led by large caps.

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Business China

Market joins in quake mourning

The stock market, along with the futures markets on the mainland, yesterday joined the nation in the three-minute silence to mourn the earthquake victims.

Hush descends upon Hong Kong trading hall

The Hong Kong stock exchange joined the nation in observing a three-minute silence at 2:28 pm yesterday.

Disaster hits power equipment producer

Damage to plants and machinery in the earthquake and concern over a decline in corporate earnings yesterday depressed the share price of Sichuan-based Dongfang Electric Co, the nation's largest power equipment manufacturer.

Lenders work to resume operations

Banks are trying to resume normal operations and provide financial services in quake-affected areas despite huge losses among their local subsidiaries.

Central bank gives a helping hand

The central bank announced further measures yesterday to assist the reconstruction of earthquake-hit regions.

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