Chinese lawmakers on Sunday approved a State Council proposal for stock listing reform at the end of a bimonthly legislative session which began Monday in Beijing. The decision by the National People's Congress Standing Committee will ...
Tags: Stock Listing, Registration-based
After dropping for five consecutive weeks, ferrous scrap prices in eastern China remained stable for the second week following the recent increase in domestic rebar and seaborne iron ore prices. Platts assessed heavy melting scrap 6 mm ...
Tags: ferrous scrap, iron ore
Chinese researchers have developed a heavy-ion medical accelerator to be used in radiotherapy for cancer, researchers said Thursday. A recent test of the machine's beam was successful, marking the end of China's dependence on imported ...
Tags: Heavy-ion, Medical Accelerator
Russia and India vowed on Thursday to enhance military, nuclear and anti-terror cooperation in a bid to promote their "privileged strategic partnership." "Large serial production of anti-ship missiles for India has begun," Russian ...
Tags: Military, Nuclear, Anti-terror
Customs staff in Shanghai have seized more than 80,000 pieces of smuggled mink fur and detained 13 suspects. The fur was packed in 671 boxes of fiber, customs said on Thursday. The suspects confessed that they had illegally transport ...
Shen Hao, former president of 21st Century Media Co. Ltd., was sentenced to four years in prison on Thursday for blackmailing companies by threatening negative coverage. Shen was convicted of extortion and forced transactions, among other ...
Chinese stocks tumbled for the second straight session Thursday led by brokerages and the coal sector. The benchmark Shanghai Composite Index dropped 0.65 percent to close at 3,612.49 points. The Shenzhen index lost 0.58 percent to finish ...
Tags: Shares, Brokerages
Sonoco Consumer Products Europe is planning to close two of its tobacco production plants in Germany, resulting in the removal of 100 employees. The Bunde plant in Northwest Germany will be closed by May 2016 and Hockenheim 3 plant in ...
Tags: Sonoco Consumer Products, tobacco, Packaging
Chinese lawmakers on Wednesday called on market regulators to step up supervision and stipulate heavier penalties for violators once a stock listing reform takes effect. Legislators are set to approve a State Council proposal on the ...
Tags: IPO Reform, Supervision
China's stocks closed lower on Wednesday despite financial heavyweights performing strongly. Shanghai lost 0.43 percent to end at 3,636.09 points. The smaller Shenzhen index dipped 1.0 percent, or 131.26 points, to close at 13,007.87 ...
Tags: Shares, Financial Bluechips
The State Council announced Wednesday that it supported the development of direct financing to reduce production costs for enterprises. Through direct financing, enterprises can get funds from the capital market by issuing shares or ...
Tags: Direct Financing
China's banking regulator is reportedly to revoke the fund management qualifications of 17 domestic banks. It's understood the regulator has issued informal guidance to banks, warning them that their registrations will be removed. The ...
China's central bank says the country's foreign exchange market will extend trading hours by 7 hours starting from January 4th. Trading hours for the yuan in the Shanghai-based exchange will last till 11:30 pm local time. The People's ...
Tags: PBOC, Forex Trading
Uber has announced a partnership with a major Chinese auto maker. The San Francisco-based company says it will work with Guangzhou Automobile Group in areas including investment, sales, marketing and promoting new energy vehicles. Terms ...
Tags: Uber, Guangzhou Automobile Group
Pride Manufacturing Corp., a leading manufacturer of golf cleat systems, golf tees and related consumable golf accessories and wood products, has been sold to Medalist Corp., the maker of golf club components and other sporting goods. ...
Tags: Pride Manufacturing Corp, golf cleat systems, Sporting Goods