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Chinese equities ended trading on Tuesday with the benchmark Shanghai Composite Index down 1.64 percent. The benchmark Shanghai Composite Index closed at 3,213.21 points, down 53.71 points. The Shenzhen Component Index closed at 13,177.21 points, down 204 points, or 1.52 percent. Total turnover shrank to 345.91 billion yuan ($50.64 billion) from 350.57 ...
Chinese insurers, which cumulatively have some 1.1 trillion yuan ($161 billion) on hand to invest this year, face a big dilemma in choosing where to park that money during the second half of 2009, the industry regulator said yesterday. "There will be around 1.1 trillion yuan, or 30 percent of existing assets, available for investment this year, putting in...
Chinese officials will leave for Russia tomorrow to discuss the detention earlier this month of more than 240 Chinese traders and the seizure of their goods after Moscow's largest wholesale market was raided and closed. Vice-Minister of Commerce Gao Hucheng will head the delegation that will include officials from the provinces of Zhejiang, Fujian and He...
Developers of a controversial Jinsha River dam said yesterday their practices were "orderly" in response to a report from the country's top auditors that said there were problems on the site of the world's third-largest hydropower project. Safety issues emerged after the construction company cut its original building plan by 27 months to speed up the pr...
The decline in profits of China's centrally-administered State-owned enterprises (SOEs) continued in the first half, but at a slower rate, the SOE watchdog said Tuesday. The 136 SOEs directly controlled by the central government notched up profits of 316.03 billion yuan ($46.27 billion) in the first half, said Li Rongrong, director of the State-owned Ass...
China Securities Regulatory Commission (CSRC) said in Beijing on Monday that it will start to accept application of listing on the Growth Enterprise Market from July 26. The Chinese Nasdaq-style stock market would focus on firms that specialize in fields like new energies, new materials, bio-medical industry, electronic information, modern services and en...
China Coal Energy Co, the country's second largest coal producer, said Saturday that it produced 52.67 million tons of coal in the first half of this year, up 5.4 percent year-on-year. The Beijing-based firm said in a statement to the Shanghai Stock Exchange that in June alone it produced 10.64 million tons of coal, up 24.2 percent over the figure a year...
East Star Airlines Co Ltd said Saturday in Beijing that its current combined debt surpassed 752 million yuan ($110.1 million). Zhao Changbing, spokesperson of the company, said the announcement was made to counter rumors about the status quo of the company's assets and debt. Zhao said total assets of the company stood at 1.01 billion yuan. Establishe...
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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