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With market sentiment boosted by resilient Chinese economy and positive earnings reports from the US, Hong Kong shares finished with a ten-month high on Monday and beached the 19,000-mark. The blue-chip Hang Seng Index surged 699.71 points, or 3.70 percent, to close at 19,502.37, after trading between 19,506.42 and 18,960.54. The turnover totaled HK$77....
Shanghai SK Petroleum & Chemical Equipment Corporation Ltd announced on Sunday that it had been granted final approval by the China Securities Regulatory Commission (CSRC) for an initial public offering (IPO) on the Shenzhen Stock Exchange. Shanghai SK, an oil exploration and drilling equipment maker, will be the fourth company to float shares on the ...
China's gross ocean product (GOP) topped 1.386 trillion yuan ($202.96 billion) in the first half, according to an initial assessment by the State Oceanic Administration (SOA). The figure represented an increase of 6.9 percent over the same period last year, accounting for 9.91 percent of the country's gross domestic product (GDP). "The country's GOP ...
Chinese equities gained 2.42 percent to hit a 13-month high Monday, with the benchmark index climbing above 3,200 points. The benchmark Shanghai Composite Index closed at 3,266.92 points, up 77.18 points. The Shenzhen Component Index closed at 13,381.22 points, up 249.24 points, or 1.9 percent. Total turnover expanded to 350.57 billion yuan ($51.33 bill...
China's insurance premium income hit 598.61 billion yuan ($87.64 billion) in the first half, up 6.6 percent over the same period last year, said Wu Dingfu, chairman of the China Insurance Regulatory Commission, on Monday. Total assets of the country's insurance companies stood at 3.7 trillion yuan by the end of June, an increase of 10.9 percent from the...
China's banking regulator urged banks to strengthen risk control and optimize credit structure to prevent possible financial risks amid a surge of bank loans. Rapid expansion of bank loans in the first half year boosted the country's economic growth, but it also increased the possibilities of financial risks, Liu Mingkang, chairman of the China Banking ...
China 's power consumption rose 3.79 percent year-on-year to 305.22 billion kWh in June, the China Securities News reported, citing sources from the China Electricity Council (CEC). The country's power output reached 300.92 billion kWh in June, up 4.7 percent from a year earlier. Analysts ascribed the increases in both figures to high te...
While discussions on the US dollar's status in a weakened world economy heated up last week, China began its long-awaited initiative to trade with yuan as a step toward reducing China 's reliance on the dollar. On July 6, three Shanghai companies became the first to conduct cross-border trades with yuan. Their actions followed the go...
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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