Stocks finish above 3,900 points

2007-06-08 15:42:48

Chinese stocks slowed down the pace on an upward trend today. The Shanghai Composite Index closed at 3,913.14, up 0.57 percent from yesterday's closing.

Mainland bourses welcome red chips

2007-06-08 14:45:15

The market watchdog has drawn up rules to allow non-mainland registered, Hong Kong-listed domestic firms to list on the country's bourses.

Citic Bank sees gold in credit card business

2007-06-08 14:15:39

China Citic Bank plans to more than triple its credit cards by 2010 as a result of consumers' growing demand for plastic.

Haihua will own majority in Carlyle Venture

2007-06-08 15:52:57

Shangdong Haihua Co said its parent Shandong Haihua Group will own the majority stake in a venture with Carlyle Group, Bloomberg reported today.

Shenzhen brokers are asked to update info

2007-06-08 13:53:17

Shenzhen Stock Exchange has asked member brokers to update their basic information as the bourse moves to support the brokerages' battle against wrongdoings.

China's bank wins FT Sustainable award

2007-06-08 13:20:46

China's Industrial Bank emerged as runner-up in the Sustainable Deal of the Year category at the Financial Times Sustainable Banking Awards ceremony.

Stocks up in morning session

2007-06-08 11:48:36

After yesterday's robust growth, Chinese stocks went through waves of short-ranged fluctuations this morning. The Shanghai Composite Index closed at 3,901.45 by noon, up 0.27 percent.

Tianjin seeks to be site of first OTC market

2007-06-08 10:43:30

China'S northern city of Tianjin has applied to set up the country's first national over-the-counter stock exchange , a vice mayor of Tianjin said.

Proposal for ABC revamp out soon

2007-06-08 13:27:36

China will present a draft proposal to restructure Agricultural Bank of China as early as this month, the central bank said.

Four equity funds set to get the nod

2007-06-08 10:34:39

The establishment of four private equity funds has got the go-ahead from the country's top economic planner, according to highly-placed sources.

Valin Steel is to invest steel plants

2007-06-08 09:38:00

Hunan Valin Steel Tube & Wire Co, partly owned by the world's biggest steel producer Arcelor Mittal, will invest about 1.7 billion yuan building roads and steel plants.