Shanghai stocks slipped yesterday as profit-taking hit power producers and oil refiners, while China United Telecommunications pulled back after an initial surge on a restructuring announcement by its Hong Kong-listed affiliate, China Unicom.
China's health insurance sector is attracting increasing international interest from companies looking to become established in the area which according to insiders will see substantial growth.
Oil and electric power companies led the mainland stock market to a slight recovery yesterday, as investors expect the government to loosen price controls on the public utility sector.
The world's largest maker of semiconductor production equipment, Applied Materials, is increasingly honing its focus on solar panels as semiconductor demand wanes.
Shanghai stocks fell yesterday as brokerages and banks pulled back from gains made on speculation that authorities might soon announce the long-delayed launch of stock index futures.
Multinational companies' (MNC)'s hiring expectations have largely declined in the second quarter, after sustaining a high level for a long period, but are rising in some sectors, a recently released human resources (HR) report said.
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Raymond Zhou
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