Chinese share prices open lower after week-long holiday

2008-02-13 10:29:30

Chinese shares started the first trading day lower on Wednesday after the week-long Spring Festival holiday.

China stocks jump 8 percent

2008-02-04 15:34:34

Chinese stocks surged Monday as news of bullish government comment on the economy calmed investor jitters over economic policy and winter storms.

ICBC reserves 30% cover for subprime assets

2008-02-04 16:05:22

The Industrial and Commercial Bank of China (ICBC) said it is allocating a 30 percent risk reserve to cover possible losses in its subprime assets.

CNOOC's 2007 pretax profit up 17.5%

2008-02-03 09:08:06

China National Offshore Oil Corp, the country's No. 3 oil producer, said on Saturday that pretax profit jumped 17.5 percent year-on-year to 56.5 billion yuan in 2007.

New stock funds get nod in bid to halt market slide

2008-02-02 15:18:05

Two new closed-end stock funds have won approval from the securities regulator, which ended a five-month freeze on new funds in an effort to brake the fall of domestic equities.

Market slides to six-month low

2008-02-02 09:12:37

The stock market shed another 1.43 percent on Friday to slide a total 9.3 percent this week to its lowest level in six months, wiping out another 2.6 trillion yuan in combined market capitalization.

Futures turnover triples against stock woes

2008-02-02 10:01:19

Futures turnover in China hit 6.03 trillion yuan ($837.5 billion) in January, marking a three-fold jump from the same period last year.

Central bank sets rules for gold product shipments

2008-02-01 11:33:25

The central bank said on Thursday that some types of gold and gold product shipments would require its permission.

Wanted: CIC bond managers

2008-02-01 09:14:16

The country's $200 billion sovereign wealth fund China Investment Corp is hiring external bond managers to handle capital in two fixed-income products.

China Coal Energy up more than 40% on Shanghai debut

2008-02-01 14:22:20

The share price of China Coal Energy, the country's second largest coal producer, jumped more than 40 percent in a strong debut in Shanghai on Friday amid volatile trading.

Sinopec, Saudi Basic Industries Corp to build $1.7b JV

2008-02-01 15:16:45

Saudi Basic Industries Corp said it signed a framework agreement with Sinopec to build an ethylene derivatives plant with an annual production capacity of one million metric tons.