CNOOC Denies Involvement in Bribe Taking
China's oil giant will continue to investigate a bribe-taking scandal allegedly involving its employees.
Local Governments to Keep a Close Eye on Prices
In the run-up to China's anniversary, local governments have been required to curb price hikes.
Analyst: 1.2 Tln Yuan Diverted into Capital, Property Markets
How much China's bank lending ended up in stock and property markets was a mystery until an analyst gave his scary estimate.
Voluntary Organ Donor Program Established
Gruesome murder sparks heated discussion on human-organ transplants.
News AM August 27
Yuan PE Funds Grow Sharply in 2008; China to Curb Overproduction; China Not to Intervene on LPG Prices; Three Executives Jailed for Chemical Dumping
CNOOC H1 Net Profit Falls 55%
China's largest producer of offshore crude oil will continue to focus on exploration and increasing output.
China May Raise Refined Oil Prices on Aug. 27
A consultancy firm predicts domestic oil price hikes after international crude prices rose in the past few weeks.
News PM August 26
China Life H1 Net Profit Up 30%; Changjiang Securities H1 Net Profit Flat; Country Garden H1 Net Profit Up; Trade via Foreign-Capital Leases Down 82%
A New Atmospheric Villain
Experts reveal a new and thus far ignored culprit in China's struggle against air pollution.
China July Coal Imports Down 24%
China's coal imports are likely to keep shrinking in the coming months due to weaker downstream demand and increasing domestic inventory.
China Continues to Aim for High Growth
In face of uncertainties surrounding China's economy, the country's major planning body chief stressed the continuity of macroeconomic policies.
News AM August 26
Sinopec President Expects Oil Price Hike; Chalco H1 Loss Worse Than Expected; Central Bank to Tighten Money Supply; 14 Miners Killed in Northern China Mine Blast
Joint-Stock Banks Most Affected by New Sub-Debt Rules
China's capital tightening plan will hit joint-stock banks most due to their relatively low reserves.
News PM August 25
Everbright Securities H1 Net Profit Up 19%; PICC Wins Approval to Issue Subordinated Bonds; Western Mining H1 Net Profit Down 93%
China to Improve Renewable Energy Financing
A draft amendment to the Renewable Energy Law advocates the establishment of a fund jointly financed by central government fiscal revenue and surcharges on renewable energy consumption.
Major Banks' Core Capital Adequacy Ratio to Rise
A draft regulation raises the minimum capital requirement for major banks to issue debt amid central bank concerns about lending risk.
New Opportunities for IPOs Attract Property Developers
Still, Guangzhou developer blames investment banks for 2008 loss.
New Fuel Pricing System Drives Strong H1 for Sinopec
The new pricing system relieved Sinopec from domestic fuel price caps and helped the company's refining business become profitable for the first time for four years.
News AM August 25
Detailed REIT Rules Due Next Month; Government to Probe Developers with 'Idle' Plots; US New Ambassador Starts His Term
Spot Price of Imported Iron Ore Falls below $100 A Ton
The slump had sparked panic among iron ore traders, who might now rush to clear their stocks, which could drive prices even lower.
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