- Gome "Can't Explain" Share Price Surge
A senior Gome manager said that the company did not know why its stock price rose so dramatically and that it did not have any pending announcements.
- China Central Bank Wary of Inflation
Inflation, not deflation, is the focus of the bank's concern, even though the Consumer Price Index fell 1.7 percent in June, said an official.
- News PM July 21
Foreign Insurers' Shanghai Market Share Rises to 17%; State-Owned Companies Face More Challenges; Coal Industry Body Urges Production Curbs
- China Growth Market IPO Applications to Start July 26
In the early stage of the growth enterprise market, two sponsors will be needed for an initial public offering in an effort to prevent a deluge of lower value-added companies from flooding the market.
- News AM July 21
NBS Economist: Small Rise for China's CPI in 2009; Tencent Hits Record in Intraday HK Trading; World Expo Organizers Bar Tobacco Company from Sponsor List
- News PM July 20
Rio Tinto Case Connects with Price Talks; CNPC H1 Domestic Crude Output 51.04 Mln Tons; Citic Securities Raises China 2009 GDP Forecast to 8.8%
- Norman Chan Named Head of HK Monetary Authority
Hong Kong's new HKMA chief said he aims to maintain a stable monetary policy, manage foreign exchange prudently and promote the use of the yuan during his five-year term beginning October 1.
- Commercial Banks NPL Ratio Falls to 1.77%
The apparent improvement in the non-performing loan ratio masks the reality that loans surged in 2009 and may be too new to be reflected in the bad-loan data.
- Commercial Banks Loan-loss Coverage Ratio Up at 134.3%
The authorities have consistently been encouraging banks to raise their loan-loss coverage, reflecting fears that the massive surge in new credit extended in the first half may lead to a rise in bad loans.
- News AM July 20
CNPC May Hold 50% in Rumaila Oilfield JV with BP; Floods Pummel China's Earthquake Regions; Yi Gang Named Foreign Exchange Chief
- News PM July 17
BYD Revives A-Share IPO Plan; Rio Tinto Rejects Bribe Reports; CITS IPO Plan Set for Review; State-owned Enterprises' Profits Fall 27%