China stocks close up--August 10
2011-08-10 15:28:46
China's stocks closed higher on Wednesday with the benchmark Shanghai Composite Index up 0.91 percent to close at 2,549.18.
Railway Ministry receives top credit rating
2011-08-10 15:14:22
The Ministry of Railways was given a credit rating of AAA by a major Chinese rating agency, higher than China's Sovereign Credit Rating.
Commodities hit eight-month low as slowdown erodes demand
2011-08-10 13:37:09
Commodities plunged to their lowest level in eight months on Tuesday, extending two weeks of losses. The retreat came on concern that the global share-market rout will slow the economy and erode demand. Gold jumped to a record on demand for a haven.
Stocks stage 'technical rebound'
2011-08-10 10:10:50
Chinese equities shrugged off the downward pressure of steep drops in the US and European stock markets, triggered by rating agency Standard & Poor's move to downgrade the long-term credit rating of the United States, and erased intraday losses to close flat on Tuesday.
Wealth management products' sales increase
2011-08-10 10:10:01
Xi Shijia, 28, an IT clerk at a State-owned company in Beijing, said he will not stop buying individual wealth management (IWM) products from commercial banks in the second half to safeguard against asset losses.
China Merchants Bank H1 profits rise 40%
2011-08-10 09:19:45
China Merchants Bank, the country's fifth largest bank by market value, said on Tuesday that its first-half profits increased 40.12 percent year-on-year to 18.5 billion yuan ($2.87 billion).
World stock markets stabilizing after deep dives
2011-08-09 16:32:34
Investors remained on edge amid rising fears of a possible global recession.
Asian stocks fall on US rout
2011-08-09 11:52:56
Fears about a possible global economic slowdown prompted investors to continue to flee stocks.
Zhejiang Kaishan to raise $353m from IPO
2011-08-09 11:08:32
Chinese air-compressor maker Zhejiang Kaishan Compressor Co Ltd is set to raise up to 2.27 billion yuan ($353 million) from an initial public offering on the ChiNext market in Shenzhen.
China steel futures falls 4%
2011-08-09 11:05:58
China steel futures fell more than 4 percent on Tuesday .
PBOC to drain 83b yuan via 28-day repos
2011-08-09 10:37:45
China's central bank will drain 83 billion yuan ($12.9 billion) from the money markets through 28-day bond repurchase agreements on Tuesday.
China's stocks open 2.33% lower
2011-08-09 10:16:42
China's stock market continued to tumble Tuesday by opening 2.33 percent lower amid growing market fears of a double-dip recession after US credit rating downgrade.
