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Zhu Ying, former deputy director of the Shanghai Municipal Public Security Bureau, has been expelled from the municipal discipline inspection committee of the Communist Party of China, the local discipline watchdog said Tuesday. The committee also denied reports in Chinese newspapers that Zhu had been detained. The committee said in a statement that Zhu...
The ChiNext fell on Tuesday as 27 of the 28 shares at China's start-up board for small and medium-sized enterprises were down. 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. Source: China Daily
China's central bank governor Zhou Xiaochuan said Tuesday that targets of the country's monetary policy should include reforming the prices of resources and energy, in addition to controlling inflation. "If (we) only consider (curbing) high inflation, (we) would hinder those reforms," he said at a financial forum. China has been pushing reforms in its...
China will encourage securities and futures companies to go abroad when the risks are controllable, the top securities regulator said Tuesday. The move would involve companies in international competition through which they would gain managerial experience and international influence, said Shang Fulin, chairman of the China Securities Regulatory Commissio...
The much-anticipated launch of the Shanghai exchange's international board may still have to wait until June 2010, despite a foreign media report stating HSBC Holdings Plc may be floated on the local bourse as early as March next year. Sources close to the regulatory authority and investment banks downplayed the rumors yesterday. According to the Londo...
Sovereign wealth fund China Investment Corp (CIC) may get a $200 billion capital injection by the first quarter of next year, after approvals from the relevant authorities, according to sources familiar with the fund. It would also be the second time that the fund is getting additional funds after it got the same amount when it was set up in 2007. Accor...
Construction of two or three inland nuclear power plants is expected to start by the end of next year, in a move that would further enhance the use of clean energy in China, according to sources familiar with the subject. The new plants will use the AP1000 technology developed by US-based nuclear equipment firm Westinghouse. Nuclear projects will have a l...
China's first energy industrial fund will be managed by Zhaohui Industrial Investment Fund Management, which was set up in Beijing on Sunday with an initial size of ten billion yuan($1.46 billion). The fund will help finance the restructuring of Shanxi's coal industry, as the government works to consolidate the province's coal mines and coal companies....
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