Policy absence drags down stock market

2008-03-31 14:34:18

China's main stock index, which surged 4.94 percent on Friday, sank on Monday after no official action materialized.

Shandong pushing for IPOs

2008-03-31 13:49:36

East China's Shandong, which ranked seventh in 2007 in terms of gross domestic product (GDP) per capita, is pushing for IPO initiatives within the region.

End in sight for debt crisis

2008-03-29 09:58:01

The subprime crisis has dampened Chinese investors' confidence in the market, but economists from both home and abroad have warned against a panic.

CITIC Bank's profit more than doubles

2008-03-28 10:39:57

China CITIC Bank, the nation's seventh largest lender, said its net profit more than doubled last year, powered by a jump in interest and fee income.

Key stock index surges more than 4.9%

2008-03-28 15:42:35

China's benchmark stock index staged a strong technical rebound Friday, closing 4.94 percent higher to end a two-day losing streak.

Bank watchdog calls for risk assessment

2008-03-28 16:33:01

Banking supervisor reiterated that banks should fully evaluate investors' risk tolerance after difficult market conditions led to the liquidation of an investment fund product.

Baosteel's net profit slows down

2008-03-28 09:16:30

Shares of Baosteel plunged 8.99 percent yesterday, after it posted a drop in net profit growth of 2.74 percent for 2007, according to a statement to the Shanghai Stock Exchange.

Bank's QDII product liquidated

2008-03-28 09:05:02

China Minsheng Banking Corp liquidated a QDII product, the first such product to meet such a fate amid the current sluggish capital market.

Major stock index slumps 5.4% on Thursday

2008-03-27 16:06:00

China's benchmark Shanghai Composite Index plunged 5.42 percent Thursday, the biggest one day loss in two months, led by huge sell-off in No.1 index component PetroChina.

Pacific Insurance drops below IPO price

2008-03-27 09:39:34

China Pacific Insurance became the first major share to fall substantially below its IPO price since a suspension of IPOs was lifted in mid-2006.

Hainan Airlines quadruples 2007 profit

2008-03-26 09:35:19

Hainan Airlines, China's fourth biggest carrier, said Tuesday its net profit almost quadrupled last year, buoyed by a booming domestic industry and the stronger Chinese currency.