Last June, an affiliate of the Chinese e-commerce giant Alibaba made an offer to its hundreds of millions of users: Give us your cash, and we will pay more than Chinese banks wil» Read More
Oct 12- Mainland Chinese shares ended slightly up in choppy Friday trade ahead of a tranche of fresh China data over the weekend, with strength in the banking sector outweighing weakness in property and resource-related sectors. Beijing is due to post September trade data on Saturday and inflation on Monday.
SINGAPORE, Oct 12- Spot iron ore prices in top importer China steadied on Friday after a rally earlier this week spurred caution among buyers worried demand in the world's top steel consumer might not rebound significantly. Price offers for imported iron ore cargoes in China, including those from top supplier Australia, were unchanged on Friday, traders said.
HONG KONG, Oct 12- Hong Kong shares rose to a five-month high on Friday, set for a sixth-straight weekly gain as investors put money in growth-sensitive sectors on expectations of more governmental support for the Chinese economy. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.8 percent and is up 3.5 percent this week.
*China money rates flat, liquidity remains ample. SHANGHAI, Oct 12- China's money market rates were little changed on Friday, as conditions remained loose following a large injection of funds by the central bank this week.
The governor of Lombardy refused to resign over a widening graft scandal on Thursday but said he would appoint a new government for Italy's wealthiest and most populous region, adding to political disarray six months from general elections.
BEIJING, Oct 12- Volkswagen AG and its China joint ventures sold 18.3 percent more vehicles in mainland China and Hong Kong in the first three quarters, the German automaker said on Friday. Sales came to nearly 2 million vehicles during the nine-month period, compared with 1.69 million a year earlier, it said in a statement.
HONG KONG, Oct 12- These are some of the leading stories in Hong Kong newspapers on Friday. --Bursa Malaysia, the operator of the Southeast Asian country's stock exchange, plans to list the world's first retail Islamic exchange-traded bond in Malaysia in December, which may lead to a listing in Hong Kong if there is demand.
BEIJING, Oct 12- Vehicle sales in China fell 1.8 percent in September from a year earlier as Japanese automakers' sales collapsed. Industry-wide sales in China, including passenger cars and commercial vehicles, totalled 1.62 million vehicles in September, compared with 1.65 million a year ago, according to the China Association of Automobile Manufacturers.---------------------------------------------------------------.
SHANGHAI, Oct 12- Chinese newspapers available in Beijing and Shanghai carried the following stories on Friday. --China is expected to control the rise in national coal production to 4 percent or less, said Wu Yin, deputy commissioner of the National Energy Administration.
BEIJING Oct 12- General Motors Co on Friday said that its minicar joint-venture producer in China appointed Ray Bierzynski as its executive vice president, to fill the position vacated by a manager who left the joint venture to work for Tata Motors.
HONG KONG, Oct 12- Hong Kong shares are set for a slightly higher open on Friday that will lift them into positive territory for the week as hopes of more steps from China to support its domestic stock markets lure investors back into the market.
*0900 Harvest MSCI China A Index ETF. 10 Hill Top Road, Lo Wai, Tsuen Wan. -#1400 Aluminum Corporation of China Ltd.
STOCKHOLM-- Chinese writer Mo Yan won the Nobel Prize in literature on Thursday, a cause of pride for a government that had disowned the only previous Chinese winner of the award, an exiled critic. The Swedish Academy, which selects the winners of the prestigious award, praised Mo's "hallucinatory realism" saying it "merges folk tales, history and the contemporary."
*Morning floor trading planned to capture Asian business* Ring floor may be expanded for new members, extra staff* First major move by LME's new owner By Josephine Mason and Susan Thomas.
BEIJING, Oct 11- Top Chinese automaker SAIC Motor Corp said on Thursday its September auto sales climbed 4.6 percent from a year earlier to 393,986 vehicles. That pace was slower than 9.2 percent year-on-year growth achieved in August. SAIC operates car ventures with General Motors Co and Volkswagen AG.
BANGKOK-- World stock markets were mixed Thursday, with Europe posting modest gains while Asia slumped after Spain, the fourth-largest euro economy, was slapped with a two-notch credit downgrade. Britain's FTSE 100 rose 0.2 percent to 5,791.79, Germany's DAX added 0.4 percent and France's CAC-40 advanced 0.3 percent to 3,375.40.
HONG KONG, Oct 11- Hong Kong shares rose on Thursday as Chinese banks and infrastructure plays gained on expectations of more government support for the economy, offsetting weakness in local property developers. The Hang Seng rose 0.4 percent, with the index of top Hong Kong- listed mainland firms up 1.9 percent to be the day's best performing benchmark in Asia.
HONG KONG, Oct 11- Hong Kong shares ended higher on Thursday on the back of strength in Chinese banks and infrastructure stocks on hopes of stimulus measures, while local property developers were hit by profit-taking following their recent outperformance.
SINGAPORE, Oct 11- Shanghai steel futures fell over 1 percent on Thursday after a three-day climb as the outlook for Chinese demand remained hazy despite recent gains in prices, while iron ore hit its highest since July as mills continued to replenish stockpiles.
Oct 11- China shares fell on Thursday as investors locked in gains in energy stocks and brokers after their strong run-up this week, while autos fell following lacklustre September vehicle sales. The CSI300 index of top Shanghai and Shenzhen listed companies fell 0.9 percent by the close while the Shanghai Composite fell 0.8 percent.