Chinese stocks nosedive over 5%

2008-01-21 16:44:21

Chinese stocks plunged 5.14 percent on Monday after 1.7 trillion yuan in market value evaporated in last week's turmoil.

CBRC: Foreign banks may list in China

2008-01-21 15:53:00

The China Banking Regulatory Commission (CBRC) has finished its initial feasibility study of allowing foreign banks to list domestically.

Ping An plans to issue new A shares, bonds

2008-01-21 07:08:29

China's Ping An Insurance Group plans to issue new shares and bonds worth billions of yuan to reinforce its capital base and finance acquisitions, company sources said.

Brown offers London as base for China sovereign fund

2008-01-20 15:23:36

UK Prime Minister Gordon Brown offered London as an overseas base for China Investment Corp, aiming to encourage the world's fastest-growing major economy to invest in Britain.

Northeast Securities plans 15b yuan share placement

2008-01-20 13:56:12

Shenzhen-listed Northeast Securities announced on Saturday a plan to collect no more than 15 billion yuan in private placement.

China Oilfield Service inks overseas deal

2008-01-20 14:27:00

China Oilfield Service Limited has signed its first overseas directional geothermal well service contract with the Philippine National Oil Corporation.

Chinese zest for QDII products fade

2008-01-19 14:02:12

Investors are getting cautious about investment in overseas stock markets, as evident by ICBC Credit Suisse Asset Management Ltd's inability to raise enough money for its new QDII fund.

'Gold rush' grabs Chinese as prices hit new high

2008-01-19 10:58:42

The appeal of gold as an alternative investment is increasing in China as its price hits new highs and is forecast to keep rising in the mid to long term.

ICBC personal financing products hit 154.4b yuan

2008-01-19 11:11:31

Industrial and Commercial Bank of China sold 154.4 billion yuan of personal financing products in 2007, up 126.49 percent year on year.

Shares rebound modestly in volatile trading

2008-01-18 16:36:41

Chinese shares edged up modestly on Friday, ending three consecutive sessions' decline, with the benchmark Shanghai Composite Index closing 0.56 percent higher.

China to open second board market in 1st half

2008-01-18 09:00:12

Securities regulators hope to open a new stock market in the first half of the year aimed at growth enterprises, said Shang Fulin, chairman of China's securities regulator.