Funds and brokers to benefit from new rules
2007-06-21 08:52:10
China's stock regulator said yesterday it will allow fund managers and brokers to invest clients' capital in overseas securities.
Vetting soon for Guoyuan's listing plan
2007-06-21 08:44:58
Guoyuan Securities' listing plan is set to be vetted by regulators soon, which might make it the second domestic broker to launch a reverse takeover, industry sources said yesterday.
Survey finds Chinese prefer investing in stocks and funds
2007-06-21 08:37:35
Chinese residents favor stock and fund investment, whose attraction surpassed savings for the first time, amid a booming stock market, the central bank found in survey.
Hong Kong targets foreign listings
2007-06-21 08:33:10
Efforts by Hong Kong Exchanges and Clearing to attract more foreign companies will not harm mainland companies listed or considering listing on the bourse, its chairman said.
Stocks lose 4,200-point ground after sudden divings
2007-06-20 16:07:00
Chinese stocks were dragged down 2.07 percent by a few sudden divings and lost the 4,200-point ground today, after edging up for most of the day and twice hitting through the 4,300-point mark..
PetroChina may raise US$5.6b in Shanghai
2007-06-20 15:40:54
PeroChina Co plans to sell US$5.6 billion of stock in Shanghai in what may become the nation's largest share sale this year
6b yuan public fund illegally invested in stocks
2007-06-20 15:25:42
More than 6 billion yuan in public funds was illegally invested in the stock market from 2003 to 2006 in Shanghai, according to statistics from the Shanghai Superior People's Court.
Central bank orders to prevent market risks
2007-06-20 13:31:41
The central bank's Shanghai headquarters yesterday issued a report warning investors to prevent market risks caused by changing expectations, National Business Daily reports.
Nanjing and Ningbo city banks set to be first to launch IPO
2007-06-20 13:28:35
Bank of Nanjing and Bank of Ningbo are expected to become China's first two city-level commercial banks to raise funds by going public, Shanghai Securities News reported yesterday.
Stock bourses check firms' compliance with guidelines
2007-06-20 12:59:33
China's two stock bourses are checking public firms' compliance with regulatory internal-control guidelines in a bid to strengthen corporate governance, sources said yesterday.
Cosco raises 15b yuan to buy new ships
2007-06-20 12:53:21
China Cosco Holdings Co, operator of Asia's largest container line, sold 15 billion yuan of stock in Shanghai to buy new ships.
China's legislators to discuss special bond issuance for forex investment
2007-06-20 08:45:20
China's top legislature is to discuss an issuance of special treasury bonds by the Ministry of Finance for the country's foreign exchange investment.