Baosteel agrees 65% iron ore price hike

2008-02-23 09:15:26

Baosteel agreed on Friday to pay 65 percent more for iron ore to Brazil's Cia Vale do Rio Doce, for 12 months beginning April 1, 2008.

Shanghai Composite takes a hit

2008-02-23 09:51:42

An investor monitors price changes at a securities house in Changchun, Jilin province. The Shanghai Composite Index fell 3.47 percent to close at 4370.29 on Friday. [China Daily]

China faces rising inflation risk

2008-02-23 08:54:23

The central bank warned on Friday that China is facing an "increasing" risk of inflation and said price levels will remain high throughout the first half of the year.

Index closes 3.47% lower on liquidity concern

2008-02-22 15:54:54

Chinese share prices closed lower amid liquidity concern aroused by upcoming IPOs of China railway construction giant and the overnight drastic decline on Wall Street.

Zinc futures surge on shortages

2008-02-22 09:48:58

All six Shanghai futures products rose sharply yesterday, with zinc surging to the daily allowable limit on expectations of strong demand and short supply after recent blizzards.

Sinopec denies market talk of share sale

2008-02-22 13:40:25

Sinopec has denied market talk that it plans to raise around 60 billion yuan ($8.4 billion) by selling an additional five billion shares.

Ping An to stick to issue plan

2008-02-22 09:13:30

Ping An Insurance, the country's second largest insurer, won't change its refinancing plan after it triggered a sharp market fall and spurred a new round of share sales by other listed companies.

China enhances M&A regulation of listed firms

2008-02-21 11:13:55

China has set up an individual committee to oversee the merger and acquisition of its listed firms, as the resources allocation maneuver becomes increasingly important.