Block trade ordered for sale of big tranches

2008-04-21 06:23:47

The securities regulator Sunday ordered shareholders to sell stocks on the block trading system if they expect to sell a large amount of shares freed from the lock-in period.

Sinopec says Q1 profit down by over half

2008-04-21 09:02:07

Sinopec predicted its net profit to decrease by more than 50 percent in the first quarter of 2008 from a year earlier.

China Southern posts 6-fold rise in Q1 profit

2008-04-21 10:07:17

China Southern Airlines Co, the country's largest carrier by fleet size, said Sunday first-quarter profit soared 523 percent year-on-year.

Stocks dive nearly 4%, approach half of record high

2008-04-18 14:11:05

Chinese shares continued dropping on Friday, with the benchmark Shanghai Composite Index diving nearly 4 percent to almost half of its highest level.

Chinese shares slid 2% over weak sentiment

2008-04-17 16:00:08

Chinese shares fell 2.09 percent on Wednesday as investors remained cautious and inflation data affected power and steel shares.

Bank reserve ratio raised to 16%

2008-04-17 09:05:35

The central bank announced yesterday that bank's reserve requirement ratio will be raised by half a percentage point to a record 16 percent.

Agricultural Bank launches JV in Shanghai

2008-04-17 10:35:59

Agricultural Bank of China (ABC), one of China's Big Four commercial banks, yesterday announced the launch of its fund management joint venture in Shanghai.

Angang to raise prices

2008-04-17 08:49:20

Angang Steel, one of the mainland's major steelmakers, expects to increase its product prices by more than 10 percent in the second quarter to offset the surge in raw material costs.

CPI rises 8.3% in March

2008-04-16 14:44:36

China's consumer price index (CPI) was up 8.3 percent in March of this year, as against the 8.7 percent level for the previous month.

Shares fall 1.7% amid economic data concerns

2008-04-16 17:15:26

Chinese shares fell 1.69 percent Wednesday as investors' confidence was further dampened by key economic figures released on the afternoon.

Hubei Energy plans A-share IPO this year

2008-04-16 14:32:44

Hubei Energy Group plans to list on the mainland stock market to raise around 3.6 billion yuan ($514.21 million), the official Shanghai Securities News reported.