Trade News

China's accumulative power consumption rises for 1st time this yearSep 14, 2009

China's total power consumption in the first eight months rose 0.36 percent to 2.34 trillion kWh from the same period last year, said China's National Energy Administration (NEA) on Monday. This is the first time that accumulative power consumption to grow year on year in 2009, said NEA. Power consumption in August rose 8.22 percent to 346.22 billion ...

Commodity exchanges tempt big tradersSep 14, 2009

Two related events have heightened the urgency for big traders and banks to gain access to China's booming commodity exchanges: The tightening of US regulations and China's crackdown on over-the-counter trade. Unfortunately for foreign traders, however, both events are also likely to make it even harder than before to begin tapping into the flood of liq...

Investigating insider tradingSep 14, 2009

Moves by many former officials at the China Securities Regulatory Commission (CSRC) to top positions at fund management firms is creating concerns about potential conflicts of interest when it comes to enforcing securities rules, especially those applying to insider trading. Publicly available information shows that 28 executives of fund management firms ...

Probe 'not revenge' for hefty tire tariffSep 14, 2009

Just two days after the decision by the United States to levy heavy import tariffs on Chinese tires, the government here has reacted by launching an anti-dumping and anti-subsidies investigation into automotive and chicken exports from the US. The Ministry of Commerce (MOFCOM) yesterday did not label it as retaliation against the tire dispute, but said it...

China to review first seven IPOs on GEMSep 14, 2009

China's securities authority will hold the first meeting to review the applications of the first seven IPOs for listing on the Growth Enterprise Market (GEM), a Nasdaq-style market in China, on Thursday, sources with the China Securities Regulatory Commission (CSRC) confirmed with Xinhua Monday. The official, who asked not to be named, said information o...

Chinese stocks rebound on power consumption figuresSep 14, 2009

Chinese equities climbed to above 3,000 point on Monday, approaching a one-month high after the index closed at 3,046.97 on August 17, as the country's power consumption figure showed signs of improved growth in the economy. The benchmark Shanghai Composite Index rose 1.24 percent, or 36.95 points to finish at 3,026.74. The Shenzhen Component Index ros...

China, Pakistan trade agreement to take effect in OctoberSep 11, 2009

The China and Pakistan free trade zone service trade agreement will take effect on October 10, the Ministry of Commerce (MOC) said on Thursday. It indicated a free trade zone between China and Pakistan would be set up involving goods trade, service trade and investment, according to the MOC. The agreement was signed in February this year. Based on the...

Malaysia's OSK launches fund to venture China A-share marketSep 11, 2009

Malaysia's OSK Investment Bank launched a fund in Kuala Lumpur on Thursday to tap the potential of China's A-Share market. The OSK-UOB Capital Protected China A-Share Fund was launched by OSK-UOB Unit Trust Management Bhd, a subsidiary of OSK established with Singapore-based United Overseas Bank (UOB), with an initial approved fund size of 120 units or ...

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