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The ChiNext Index rose on Wednesday as all the 28 shares at China's start-up board for small and medium-sized enterprises were up. The board, which is based in Shenzhen and started trading on Oct 30, 2009, is tailored to the needs of enterprises engaged in independent innovation and other enterprises with great growth potential. Source: BizChina
When the fatal explosion occurred early Saturday in a coal pit in northeast China's Heilongjiang province, Chen Fugui was waiting for his two sons to come home and help him move into a new apartment. Despite all the dangers he himself experienced in 31 years down the pit, it never occurred to Chen, 65, that his sons, aged 42 and 38, could die so tragical...
SHANGHAI: In its fervent bid to become a global financial center, China's largest city thinks big and engages in gigantic projects. People in Shanghai must now contend with a massive disappointment. When the proposal to build a Disneyland park was approved earlier this month, people in Shanghai embraced the prospect of the world's biggest Mickey Mouse...
The vice-foreign minister said the RMB rate's flexibility may widen, echoing the nation's central bank a month ago. The announcement by Vice-Foreign Minister Zhang Zhijun comes after the People's Bank of China, which has the power to oversee the yuan and financial institutions, said it was in the process of reforming the exchange rate system. China i...
China Pacific Insurance (Group) Co Ltd, China's third-largest life insurer, has received government approval for its long-delayed plan to float shares in Hong Kong to raise at least 23.3 billion yuan ($3.4 billion). The China Securities Regulatory Commission has approved the company's plan to list up to 990 million shares overseas, the insurance group s...
Two people were executed yesterday for their roles in the country's tainted milk powder scandal last year, which killed six children and made more than 300,000 sick. The men were convicted of charges that included endangering public safety and producing and selling toxic food. Parents reacted to the news by saying they were more concerned about the lon...
The US Commerce Department on Tuesday announced its decision to set final countervailing duties (CVD) on imports of the $2.6 billion oil country tubular goods (OCTG) from China, the biggest US trade action against China. The department said in its final determination that it found Chinese producers/exporters of OCTG have received net countervailable subsi...
Chinese equities plunged Tuesday led by declining heavy weights and banking stocks, paring earlier gains in the previous trading week. The benchmark Shanghai Composite Index was down 3.45 percent, or 115.14 points, to close at 3,223.53 points. The Shenzhen Component Index declined 2.9 percent, or 401.38 points, to close at 13,453.28 points. Combined t...
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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