WB Raises China 2009 Growth Forecast to 8.4%
The World Bank predicts that the strong "fundamental competitiveness" of China's manufacturing sector could hasten the recovery of the export sector and contribute to an 8.4 percent growth in 2009.
China Stocks Edge up after WB Raises 2009 GDP Growth Forecast
The World Bank raised its forecast for China's 2009 gross domestic product growth from 7.2 percent to 8.4 percent, on the strength of recovering exports and strong fundamentals.
Shenzhen Bourse Tightens Rules on Issuers of Exchange-traded Bonds
The Shenzhen Stock Exchange issued new rules on exchange-traded corporate bonds to better protect investors.
News PM November 4
Shenzhen Bourse Tightens Bond Issue Regulations; Sinopec and SABIC Launch Petrochemical Joint Venture; Chongqing's "Godmother" Sentenced to 18 Years in Prison
Overseas ETFs on Agenda of Chinese Fund Managers
Chinese fund managers are preparing overseas exchange-traded fund products, though there is not a timetable yet for the approval of such products.
China Merchants Securities Sells Bosera Stake for Listing
The China Merchants Securities IPO will be the third direct listing by a Chinese brokerage in seven years.
Chinese Banks Reduce Holding of Overseas Assets
A rise in capital influx between April and September was mainly due to Chinese commercial banks cutting their holdings of overseas assets.
News AM November 4
Listed Banks Q3 Net Profit Rises on Higher Net Interest Income; China Overseas Land Buys Four Sites for 10.8 Bln Yuan; Chinese Premier to Visit Egypt, Attend China-Africa Forum
Goldman Sachs Predicts 9.4% Growth for China's Economy in 2009
U.S. Investment Bank Goldman Sachs says China will replace the United States as the world's largest economy in 2027.
News PM November 3
China Launches Electronic Trading System for Commercial Paper; China's Nuclear Power Capacity Could Hit 70 Mln KW by 2020; Undocumented Three Gorges Dam Migrants Estimated at 40,000
Shanghai Shares Rise on Oct Bank Lending Data, Wall Street Gains
Investors remained optimistic after the Australian central bank raised rates again on Tuesday and China Merchants Securities said it would open share subscriptions for IPO.
Unilever Faces Shanghai Customs Fraud Trial
A multinational manufacturer was caught by Shanghai Customs for evading tariffs. A court verdict is pending.
News AM November 3
October New Lending by China's Four Biggest Banks Flat; Petrochemical Industry's Jan.-Sept. Fixed Asset Investment Up; China Imposes Anti-dumping Duties on Chemical for Nylon
News PM November 2
Early ChiNext Surge Yields 1 Bln Yuan in Unrealized Profits; Higher Commodity Prices Expected to Boost China Cosco in 4Q; Chongqing Ex-Legislator Li Qiang Acquitted
Chinese Stocks Gain on Signs of Strong October Factory Activity
The strong Purchasing Managers' Index "boosted buying as investors took advantage of stocks' lower price levels," said Zhang Gang, a Central China Securities analyst.
Cautious Outlook for China's Export Sector
Overseas buying has improved, but exporters at the Canton Fair worried over yuan appreciation, raw materials and protectionism.
News Calendar November 2 to 8
Premier Wen Jiabao will attend the China-Africa Forum in Sharm El Sheikh in Egypt; Finnish Foreign Minister will visit China; U.S. International Trade Commission (ITC) to issue ruling on Chinese steel pipe tariffs.
China Central Bank Opens Second Monetary Policy Unit
A new department was created at the central bank as planned to steer China's foreign exchange policy.
Dead End for Chongqing's Triad Gangsters
A crackdown on the city's crime gangs exposed a country club casino and police officials on the take. The campaign continues.
News AM November 2
Some Brokers Gain Big as ChiNex Issues Soar; Sinochem Group to Close New Acquisition Soon; Environmental Risks Slow Raising Water Level of Three Gorges Dam
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