More urban refugees in China including bourgeois bohemians, called "bobos," are staking out greener lives, the New York Times reports.» Read More
Shenhua Energy, China's top coal producer, said on Tuesday it is planning a Shanghai share listing that could raise up to US$6.3 billion to help acquire assets in China and overseas.
Most Chinese stocks fell on Thursday after Premier Wen Jiabao warned that authorities would tighten policy further to prevent the economy from overheating. But speculators continued pushing up many small-capital shares.
Rising prices, fast-growing incomes and wealth created by a record stock market rally propelled Chinese retail sales growth to a three-year high in May. China's National Bureau of Statistics said the value of retail sales in May was $93.87 billion, 15.9% more than a year earlier and handily beating forecasts of a 15.3% gain.
China's market watchdog has drawn up rules to allow non-mainland registered, Hong Kong-listed domestic firms -- known as red chips -- to list on the country's bourses, state-backed newspapers said on Friday.
A senior central banker urged investors on Wednesday to keep faith in China's turbulent share market, saying the government's policies were geared towards supporting a sound, rising trend.
The Chinese authorities decided to raise stock trading stamp duty to 0.3% starting on Wednesday from the current 0.1%, a move seen as a bid to clamp down on the overheated market.
The number of stock accounts in China has likely exceeded 100 million for the first time, as investors are lured to a market which has jumped 60% so far this year, the official ShanghaiSecurities News said on Tuesday.
Global hedge funds have invested as much as $50 billion into China's soaring stock markets, a development that regulators should monitor, according to a report by a mainland think-tank cited in Thursday's South China Morning Post.
China may set restrictions for domestic stock offers by Chinese firms incorporated abroad -- so-called "red chips" -- including a requirement of at least $130 million in annual net profit, the official Securities Times said on Thursday.
Shares in Bank of Communications soared 80% as they listed in Shanghai on Tuesday, after the bank's Shanghai initial public offering attracted a record $189 billion in subscriptions.
China's main stock index climbed 0.80% to just below its record high on Monday as investors shrugged off an announcement by the securities regulator that it would crack down on insider trading and share manipulation.
Chinese central bank chief Zhou Xiaochuan acknowledged on Sunday that a bubble in the country's stock market was a concern and said the central bank was monitoring asset prices along with inflation.
The Shanghai stock exchange is in talks with HSBC and other high-profile foreign firms to list their shares in mainland China, as part of its strategy to revive the recently moribund bourse, the Financial Times reported on Tuesday.
At last week's Shanghai Auto Show, the GM CEO got an up-close view of the latest trend in the auto business -- cheap cars for developing markets. Oh make no mistake; this is not a trend that Wagoner is just stumbling upon. He's known about it for some time, and in some ways, General Motors is testing out the idea of selling "mini" cars -- with presumably a rather low price point. We'll talk more about that in a bit.