Bank of China Ltd, which has the largest subprime-related holdings among Asian banks, fell yesterday after BNP Paribas SA said it may have to write down the value of overseas securities by 35 billion yuan.
Dr Richard L Sandor's latest trip to China came at the invitation of the International Advisory Council of Guanghua School of Management at Peking University.
Hong Kong blue chips rose yesterday, a day after suffering their biggest daily decline since September 2001, as investors bought beaten down shares across the board, helped by recovering Asian markets.
Increased health consciousness and more marketing have seen double-digit sales growth in milk products, according to a report by global market researcher Euromonitor.
Shareholders of two China Petroleum & Chemical Corp units rejected a plan to increase the amount of stock available on the mainland market, anticipating instead that the parent will buy out minority investors at a premium.
When shares slumped in PetroChina, Asia's most profitable company, after its stellar debut in Shanghai, mainland listing rules came under the spotlight.
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