Global shine to gold market

2007-06-08 08:42:40

As a major step in globalizing the Shanghai gold market, the People's Bank of China admitted five major foreign banks as members of Shanghai Gold Exchange on June 7.

Holders approve China Oilfield's share sale

2007-06-07 16:34:57

China Oilfield said its shareholders approved a plan to sell as many as 820 million new shares to raise funds for expansion.

Gold exchange considers derivatives trading

2007-06-07 16:09:09

Shanghai Gold Exchange, which already offers spot trading, wants to trade gold and silver futures as it aims to offer investors the option of derivatives trading.

Chinese stocks surge 3.03%

2007-06-07 15:40:46

Chinese stocks formed a clear upward trend today. The Shanghai Composite Index surged 114.49 points or 3.03 percent to 3,890.80 by the closing of the day.

Listing is not Chinese banks' sole solution

2007-06-07 15:33:41

Effective corporate governance still remains the most important, while listing is only the first step of banking reforms.

Mainland IPOs may set record

2007-06-07 15:02:03

Chinese mainland companies are expected to raise a record amount of money this year in initial public offerings, Ernst & Young LLP said.

No plan on capital gains tax yet, says report

2007-06-07 10:55:54

China has no plans yet to levy a capital gains tax, reports a major securities newspaper Thursday, citing official sources.

Banks are called to boost non-interest income

2007-06-07 08:34:29

China's commercial banks should boost non-interest income in order to stay competitive, a senior banking regulator said yesterday.

Reserve ratios may be further raised this year

2007-06-07 09:09:12

China may further increase banks' reserve requirement ratios by 27 basis points to 54 basis points this year, according to Shanghai Securities News.

Investment approval for firms eases

2007-06-07 10:40:36

China eased the approval process for state-owned companies investing abroad as the government tries to narrow the surplus of incoming payments from overseas.