Briefly

China Energy Shares jump 40%

Debuting shares of China Energy Engineering Group Co Ltd, or Energy China Group, a leading internationally advanced energy engineering conglomerate, surged by 40.31 percent to 2.75 yuan (42 cents) in Shanghai on Tuesday. Shares of the Beijing-based firm opened for trading at 2.29 yuan.

More metal reserves set to be released

The State reserves authority said China will release the fourth batch of national reserves of copper, aluminum, and zinc this year. Some 30,000 tons of copper, 70,000 tons of aluminum, and 50,000 tons of zinc will be released from the national reserves in early October, the National Food and Strategic Reserves Administration announced. Only processing and manufacturing enterprises of copper, aluminum, and zinc will be eligible to bid, and the purchased metal shall be used for production promptly. It shall not be resold or hoarded, said the administration.

Xinhua - China Daily