Shanghai stock index rose more than 2 percent yesterday, boosted by a late jump in the shares of oil giant PetroChina, the most heavily weighted stock in the index.
Driven by strong growth potential, Chinese brokerages are striving to expand their market presence to fund expansion of more networks and types of businesses as well as to satisfy their hunger for capital.
Hong Kong stocks fell yesterday, as a four-day gaining streak led investors to pocket recent gains, while global lender HSBC Holdings plc sank further amid deteriorating credit markets.
Of all the major consulting firms in China, Roland Berger is a little different. Based in Germany, it is the only one in China with European roots. More than 50 percent of its clients are locals, rather than big-name multinationals.
Shanghai copper rose 1.5 percent yesterday on expectations of rising copper consumption after the Chinese Lunar New Year holidays and on stock market optimism driven by takeover news.
Huang Chunman, a Guangdong-based toy trader, was apprehensive about her overseas market ever since the spate of recalls of Chinese toys last year. But she was relieved to find her company still received heavy orders from loyal overseas buyers.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
