Biz Scene

BIZ MOVE

Business Roundup

Strong year ahead for Shanghai, say analysts

The Shanghai Composite Index ended 0.24 percent higher at 5497.901 points yesterday. Ten Shanghai A shares rose to their 10 percent daily limit.

GE finds niche amid conservation push

For Jack Wen, the charismatic chairman of GE Energy China, this is the best of times for his line of business.

Biz Scene

MARKET

Business Roundup

Metals, agriculture drive up Shanghai stocks

Shanghai key stock index rose 0.38 percent to a two-month closing high in heavy trade yesterday as expectations for high inflation pushed up metals, agriculture and other resource shares.

Brands get Olympic lift: Survey

Olympic-themed marketing initiatives, even for non-sponsors, are getting a comparatively better strike rate, according to a recent report from global market researcher Ipsos.

Biz Scene

MARKET

Business Roundup

Shanghai index edges up on banking, metal shares

Shanghai stocks rose nearly 1 percent yesterday, led by gains in banking and metals-related shares after a strong debut by gold futures on the Shanghai Futures Exchange.

Rural banks lend hope to country businesses

The opening of a rural bank by a primarily foreign lender gives hope to the great number of small rural businesses in the country, marking the government's latest drive to provide farmers with easier access to small loans.