Hong Kong stocks gained 256.08 points, or 1.17 percent, to close at 22,185.98 on Monday. Turnover fell to 60.63 billion HK dollars ($7.8 billion) from Friday's 68.64 billion HK dollars. Source: BizChina
As China ushers in a new generation of snazzy smartphones and 3G networks, Google and Baidu are shifting their battle from the Internet to China's mobile search market. The country's mobile search market is likely to become the world's largest, with the potential promise of billions of dollars in revenue. However, experts said that putting a price ta...
Banks or pawnshops? A Beijing-based property developer surnamed Zhao had pondered which financial channel to pursue for days before he found Bank- Pawn-Expressway. Beijing Huaxia Pawnshop Co Ltd recently teamed up with a credit guarantee institution and Bank of Communications Ltd, China's fifth-largest bank by assets, to target small and medium-sized bus...
Slowly rebounding from a plunge in tourist numbers in the wake of the global economic crisis and the H1N1 flu, the tourism industries of China and the United States are hoping that collaboration will bring many happy returns. Through joint efforts, the two countries can embark on a "win-win" journey because they are major sources of tourists to each other...
The Shenzhen Stock Exchange (SSE) said Sunday that the first batch of firms is scheduled to be listed on China's Nasdaq-style Growth Enterprises Market (GEM) on Oct 30. Shang Fulin, chairman of the Chinese Securities Regulatory Commission, the country's top industry watchdog, said Saturday that the GEM would be launched on Oct 23. After the launching ...
China's GDP growth in the first three quarters should exceed 7 percent, Xiong Bilin, deputy director general of the Industry Department of the National Development and Reform Commission (NDRC), said Monday. The specific GDP growth figure in the first three quarters is scheduled to be released Thursday. Few difficulties stood in the way for China to rea...
Chinese equities closed mixed Friday. The benchmark Shanghai Composite Index dropped 3.16 points, or 0.11 percent, to end at 2,976.63. The Shenzhen Component Index rose 23.19 points, or 0.19 percent, to close at 12,033.37. Combined turnover shrank to 166.45 billion yuan ($24.37 billion) from 179.58 billion yuan on the previous trading day. Source: B...
Elinor Ostrom, the 2009 Nobel Prize winner in economics, said Thursday that despite many challenges, China was still enjoying rapid economic growth during the current global economic recession. "There are a lot of encouraging things going on in China," said Ostrom, the first woman to win the Nobel Prize in the economic sciences category, in an exclusive i...
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