Asset managers seeking extra funds
2011-07-08 09:43:12
China's asset managers, who have been approved to raise $70 billion for allocation overseas, are seeking additional funds to invest in gold and precious metals as soaring inflation spurs interest in alternative assets as a way of protecting wealth.
China to drive consolidation of 8 industries
2011-07-08 09:39:10
China will drive its industrial consolidation over the next five years in order to increase industrial concentration and eliminate overcapacity, a senior official said on Thursday.
$8b enter China's VC market in H1
2011-07-08 09:34:50
China's Zero2IPO Group, a leading research institution for the country's venture capital and private equity industry, said on Thursday that a record 8.1 billion U.S. dollars entered China's venture capital market during the first half of this year.
US listed firms fight short-seller claims
2011-07-08 09:30:21
US-listed Chinese companies are taking action to fight fraud allegations made by short sellers such as Muddy Waters Research of the US.
Public housing fund mortgage rates raised
2011-07-08 09:25:48
The Chinese Ministry of Housing and Urban-Rural Development announced on Thursday it will raise Public Housing Fund (PHF) mortgage rates for homebuyers starting Thursday.
NBS to release data earlier to avoid leaks
2011-07-08 09:22:53
China's statistics authorities said Thursday it will release the country's key economic indicators, including the consumer price index (CPI) and producer price index (PPI), two to three days ahead of the original schedule starting July.
Vehicle sales on road to recovery
2011-07-08 09:08:03
Passenger vehicle sales are well on the road to recovery, after stalling in April and May, with 5.3 percent year-on-year growth in the first six months of 2011.
Rail patents 'do not violate IPR'
2011-07-08 09:00:20
The Ministry of Railways has rejected a Japanese claim accusing China of violating intellectual property rights concerning high-speed rail technology. The accusation came after China submitted applications for international patents.
ChiNext Index closes higher -- July 7
2011-07-07 17:38:13
The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, jumped 5.52 points, or 0.62 percent, to 899.80 on Thursday.
China stock index futures close mixed -- July 7
2011-07-07 17:37:31
China's stock index futures closed mixed on Thursday with the contract for July, the most actively traded, up 2 points, or 0.06 percent, from the previous day to 3,113.6 points.
Hong Kong stocks close 0.06% higher--July 7
2011-07-07 17:30:59
Hong Kong stocks edged up 12.63 points,or 0.06 percent to close at 22,530.18 on Thursday.
Chinese cities raise property down payments
2011-07-07 17:18:25
The increasingly tightened credit policy made banks to hike the minimum down payment rate for first home buyers, the Beijing News reported on Wednesday.