CITIC Securities eyes equity investment

CITIC Securities Company Ltd announced that it will tie-up with a partner to invest directly in the stock market if permitted.

Changjiang Securities to go public via backdoor listing

Changjiang Securities Co Ltd will list via the backdoor in Shenzhen through a merger with Shijiazhuang Refining-Chemical Co Ltd.

The capital market is still not strong enough for China to unveil derivatives such as stock-index futures, said the securities regulator.

Securities brokers are attracting more individual investors, but their trading systems are failing to cope with the huge volume of business.

Trading in mainland gold futures is on the cards for Hong Kong after the Airport Authority confirmed a planned precious metal depository.

Chinese shares soared to a record high yesterday, pushed by positive government policy pledges and a massive inflow of capital.

Shanghai Pudong Development Bank said yesterday it had received the approval to set up a fund management joint venture.

More than 70 percent of listed companies reporting earnings posted profit growth in 2006, according to the two stock exchanges.

Industrial Bank has announced that shares in its initial public offering (IPO) will be priced between 15 to 15.98 yuan (US$1.93-2.05).

Five more mainland futures firms are expected to open branches in Hong Kong in the first half of this year.

China's securities regulator has vowed to bolster the country's largely neglected equity bourse-based bond market.

The Shanghai Futures Exchange (SFE) is set to launch a zinc futures contract to help both consumers and producers hedge against risk.