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.
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.
Shanghai stocks dropped yesterday, led by China United Telecommunications.
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.
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