Stocks move closer to 4,000-point mark

2007-06-11 15:44:55

Chinese stocks laddered up toward the 4,000-point psychological mark today. The Shanghai Composite Index closed at 3,995.68, up 2.11 percent from previous closing.

Producer price index up 2.8% in May

2007-06-11 14:41:35

The producer prices index in China grew 2.8 percent year-on-year in May, mainly propped up by a 3.6 percent rise in procurement prices of raw materials and energy.

Central bank urges investment checks

2007-06-11 13:56:13

China's three financial regulatory bodies should team up to supervise individual investment products sold in the nation, the central bank deputy governor said over the weekend.

China Life, Ping An pay $1.4 billion for Minsheng Bank stake

2007-06-11 13:47:07

China's two largest insurers got regulatory approval to pay a combined 10.9 billion yuan for shares in China Minsheng Banking Corp.

ZTE, China Mobile sign 3G equipment order

2007-06-11 13:44:02

ZTE Corp said it signed a 2.37 billion yuan contract to build a high- speed wireless network for China Mobile Communications Corp.

Lifan switches IPO to Shanghai from HK

2007-06-11 13:38:04

Chongqing Lifan Holdings, China's biggest motorcycle exporter, said it plans to sell as much as a 25 percent stake though IPO to take advantage of a stock market boom and fund overseas expansion.

Gold Exchange is to enroll foreign banks

2007-06-11 11:21:58

The central bank said on Friday it had agreed in principle that foreign banks operating in China could be enrolled as members of the Shanghai Gold Exchange.

Mainland banks are allowed to issue renminbi bond in Hong Kong

2007-06-11 10:51:04

The regulations on Chinese mainland banks' renminbi bond issuance in Hong Kong jointly issued by the central bank and the top economic planner came into effect on Friday.

PC maker will float new shares in South Korea

2007-06-11 09:35:16

Founder Technology Group plans to float shares on the South Korean stock market by the end of this year, the Oriental Morning Post reported on Friday, citing company sources.

HSBC Bank will roll out expanded QDII plan

2007-06-11 09:17:10

HSBC Bank will roll out today an expanded QDII offering, allowing Chinese mainland citizens to gain investment opportunities in the overseas equity markets.

Inflationary pressure picks up in May

2007-06-11 09:06:45

Economists have raised their projections for last month's consumer price index to more than 3 percent, reflecting rapid growth in food prices, led by pork and eggs.