Stocks turn down in morning session

2007-06-15 11:56:41

Chinese stocks headed south after a lower opening followed by a sharp rise this morning. The Shanghai Composite Index closed at 4,085.64 by the noon break, down 0.72 percent.

UBS, Dacheng may revive closed-end funds

2007-06-15 08:48:24

Swiss bank UBS AG's Chinese mainland fund venture and Dacheng Fund Management Co are may become the first batch of firms to revive closed-end funds, sources said yesterday.

Number of central enterprises to reduce

2007-06-15 08:30:57

The Chinese government will integrate existing enterprises under the direct management of the central government into 80-100 by the end of 2008, a government official said.

Five banks approved to lease

2007-06-15 08:27:26

China has given the nod to five commercial banks to deal in the financial leasing business, a banking regulator said yesterday.

Stocks drop 1.47% with low trading volume

2007-06-14 16:02:12

After seven consecutive days of growth, the steam ran out in the stock market today with the Shanghai Composite Index dropping 1.47 percent to 4,115.21.

Shenzhen bank share reform gets go-ahead

2007-06-14 13:37:57

After a delay of nearly a year, shareholders in Shenzhen Development Bank have approved a plan to reform its shareholding structure.

BoCom to double high-end service outlets

2007-06-14 13:22:27

Bank of Communications will double its high-end wealth management service outlets to 200 in China within 12 months, a senior bank executive told Shanghai Daily this morning.

Industrial output growth accelerates in May

2007-06-14 13:18:00

China's industrial production growth unexpectedly accelerated in May, underscoring the government's efforts to cool the economy was not effective enough.

China intersted in US private equity investor

2007-06-14 13:14:05

China is taking a close interest in the IPO to be launched by the Blackstone Group, because a Chinese national investment company is poised to take a stake.

3 nabbed in insider trading case

2007-06-14 08:52:50

Three people have been arrested by police in Zhejiang Province for their alleged role in an insider trading case, considered the biggest scandal to embroil a listed company this year.

Household deposits drop for 2nd month

2007-06-14 08:48:40

Chinese people who used to stash their money in banks are taking it out to the capital markets, leading to a decline in the country's household deposits for the second month in a row.