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SHANGHAI: Chinese investors will be able to begin applying on Monday to open accounts for stock index futures trading, the China Financial Futures Exchange said, in a key step toward the long-awaited launch of index futures trade. The exchange was set to begin taking applications at 9 am, state media reported. Individuals will be required to have a mini...
Dumping could lead to domino effect and affect value of holdings China can reduce its holdings of dollar assets, but should not "overdo" it as the country tries to adjust the structure of its dollar asset-dominated foreign exchange reserves, analysts said. The country's foreign exchange reserves amounted to nearly $2.4 trillion by the end of last year ...
As Latin American and Caribbean leaders meet in Mexico to discuss the creation of a new regional alliance that excludes the United States and Canada, there is an opportunity for China to seek more cooperation in the region, experts said. The Group of Rio meeting that runs from Saturday to Tuesday in Playa del Carmen, a resort city on Mexico's Caribbean c...
The central government plans to implement a new policy in the first half of this year to encourage auto industry consolidation and further the development of Chinese-brand passenger vehicles, an official from the Ministry of Industry and Information Technology said at a recent news conference. According to sources with knowledge of the new policy, it inte...
Number of producers has increased from six in 2004 to more than 70 today Businessman Xu Zhichun's plans were thrown up in the air when demand for the wind turbine blades his company made suddenly crashed. The vice-general manager of Tianjin Dongqi Wind Turbine Blade Engineering Co discovered few any longer wanted the 37.5-meter blades that were popular...
BEIJING: With Chinese banks' record new lending in 2009 igniting fears about asset bubbles and bad loan, the banking regulator's latest rules aim to bring financial risk under control. The new directives order banks to focus on loan quality control, rather than quantity restriction, and aim to make loans flow to the real economy -- rather than the prope...
China's oil-refining industry swung to a profit last year after the world's second-biggest energy consumer introduced a new fuel-pricing mechanism in 2008. The industry earned 72.9 billion yuan ($10.7 billion) compared with a loss of 145.7 billion yuan in 2008, the Ministry of Industry and Information Technology said on its website. Profit for the petro...
A US trade panel on Friday narrowly approved a Commerce Department investigation into charges Chinese companies are selling oil well drill pipe in the United States at unfairly low prices. The US International Trade Commission voted 3-3 that there was a reasonable indication US producers were threatened with injury by the imports. The tie vote was enoug...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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