OTC market central to Tianjin's development

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.

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BIZ MOVES

Business Roundup

Futures guru upbeat on China

Leo Melamed, chairman emeritus of the Chicago Mercantile Exchange (CME), will go down in history as the founding father of the futures industry.

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Business Roundup

Coal shares lead fall in benchmark index

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.

Credit crisis may spark more M&As in China

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.

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BIZ MOVES

Business Roundup

Telecom stocks drag down Shanghai index

Shanghai stocks dropped yesterday, led by China United Telecommunications.

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