Business Roundup

Stocks edge down, hit by profit-taking

Shanghai shares fell for the first time in four days yesterday as most stocks were hit by profit-taking, but banks rose on the back of better-than-expected earnings at Merchants Bank.

New tool expected to spark a gold rush

After months of planning, China will get its first precious metal futures product when trading in gold futures begins in Shanghai today.

Biz Scene

MARKET

Shanghai outperforms sagging overseas markets

Shanghai shares rose yesterday, with the main index setting a fresh seven-week closing high in heavy trade, as the market continued to outperform tumbling foreign markets.

Insurer plans to extend coverage

Skandia-BSAM has been one of China's fastest growing insurers in recent years, fueled by the bullish stock market.

Biz Scene

MARKET

Business Roundup

Business Indepth

Shares end at a 6-week high as turnover soars

China's main stock index rose to a six-week closing high yesterday and turnover expanded to levels last seen near the market's peak, as second-tier industrial shares soared while financials stayed weak.

Survey reveals bullish outlook for this year

The government should do more to lure initial public offerings (IPOs) from other international markets, according to a recent business sentiment survey.

Biz Scene

Market