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Chinese equities edged up Wednesday after hitting a two-month low Tuesday, led by shares in telecommunications. The benchmark Shanghai Composite Index rose 0.76 percent, or 23.26 points, to end at 3,073.78 points. The Shenzhen Component Index added 1.31 percent, or 165.78 points, to close at 12,813.29 points. Combined turnover fell to 103.17 billion y...
The ChiNext rose on Wednesday with all the 28 shares at China's start-up board for small and medium-sized enterprises gaining across the board. The board, which is based in Shenzhen and started trading on October 30, 2009, is tailored to the needs of enterprises engaged in independent innovation and other enterprises with great growth potential. ...
Hong Kong stocks rose 236.70 points, or 1.12 percent, to close at 21,328.74 on Wednesday. Turnover fell to HK$44.19 billion ($5.70 billion) from Tuesday's HK$45.96 billion ($5.93 billion). Source: BizChina
China on Tuesday announced it will maintain its export stimulus measures to tackle more complicated trade conditions next year after their success in offsetting the effects of the global economic crisis. "Practice has proved that the policy mix to stabilize external demand is timely and effective. It has boosted market confidence and facilitated the stead...
A top government spokesman said an increasingly confident China is poised to become more open to the world and take concrete steps next year to build a "mass media system." Wang Chen, director of the State Council Information Office, said the nation has also handled several crises over the past two years with more poise. Addressing a New Year reception ...
Scores of commuters on the busiest subway route in Shanghai were trapped underground for four hours, and at least a million more were affected by delays yesterday due to a breakdown caused, in part, by the collision of two trains early in the morning. Service on the busy Line 1 was disrupted due to an electrical failure, which reportedly triggered the col...
Top negotiators from the mainland and Taiwan made a breakthrough yesterday by announcing the plan to launch negotiations on the much-anticipated cross-Straits free-trade deal. The Economic Cooperation Framework Agreement (ECFA) signifies a major effort on both sides to boost economic ties. Initiated by Taiwan leader Ma Ying-jeou of the ruling Kuomintang, ...
Chinese equities tumbled on Tuesday to hit a two-month low, led by real estate companies over concern that the government's policies to ease real estate market bubble would erode profitability and dampen market confidence. The benchmark Shanghai Composite Index fell 2.32 percent, or 72.45 points, to close at 3,050.52 points. The Shenzhen Component Inde...
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