SDB Shareholders Approve Ping An Placement
Newbridge Capital and Ping An, the bank's two largest shareholders with a combined 21.3 percent stake, did not vote because they are participants in a related transaction.
News PM June 29
Foreign Trade Groups Against Green Dam; Central Bank Says Economic Structural Adjustment Needed; Train Collision Left 3 Dead, Over 60 Injured
China Steelmakers Book 1.3 Bln Yuan Profit in May
The return to profitability is mainly due to rebounding steel product prices and rising market demand.
CISA Urges Rizhao Iron Ore Trading Center to Reshuffle
The association alleged the center had exceeded its legal scope and issued misleading information about its operations
China Jan-May Industrial Profit Down 22.9%
A narrower decline in the January-May industrial profit is due to stabilizing prices, a rebound in recovery and falling cost.
News AM June 29
Building Collapse Kills Worker; China Jan-May Industrial Profit Down; Shandong Gold Wins Rights to Laizhou Mine
PBOC Suspends Repos, Lowers 3-Mth Bill Issues
The suspension of regular repo operations was the first time since December 2008.
Will Consumers Follow Investment's Lead?
An economic warming trend encouraged by government and private investment will need help from China's consumers.
Economist: Inflation May Hit China Early
An expert says China could see prices jump by 5 percent next year and in 2011, long before inflation returns to the United States.
Long Way to Go for Chinese Bank Stress Tests
Risk management experts say Chinese banks that want accurate stress tests must first improve research skills.
China Announces Revised Standards for New-energy Autos
The new standards divide current alternative energy technologies into three categories according to their different stages of development.
How China Justifies Empty Witness Chairs
Witnesses rarely appear in person to testify at Chinese criminal trials. Some experts say the practice hurts the legal process.
News PM June 26
PetroChina, Verenex Deal Delayed; Railway Construction Won Algerian Contracts; Greenpeace E-Waste Protests at HP China
SAFE Says Hard to Judge if Hot Money Flowing in
Slower foreign exchange outflows were triggered by expansionary monetary policies adopted by central banks around the world, said an official with the State Administration of Foreign Exchange.
Shanghai to Expand Housing Supply to Stabilize Prices
Shanghai's housing prices remain relatively high and the government intends to head off further increases.
News AM June 26
Yunnan Aluminum Expects H1 Net Loss; Shanghai to Expand Overseas Incorporation; Beijing-Shanghai Rail Targets Listing by 2009 End
State-Owned Shares Transfer to Pension Fund Underway
The transfer of state-owned shares to the national pension fund is aimed at fortifying China's social security system to deal with an aging population.
Hainan Airlines Taps Shipping Market
A unit of Hainan Airlines Group ordered 30 ships and bought a significant stake in a shipbuilder.
News PM June 25
Gemdale Wins Conditional Approval for Share Placement; OECD Raises 2009 Growth Forecast; Audit Found 6 Bln Yuan SOE Asset Losses; Hubei Cook's Body Cremated
Green Dam Plan Faces More U.S. Pressure
Top U.S. government officials have urged China outright to abandon a controversial mandate for Internet filtering.
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