Business News

China's State-owned pension fund is likely to invest up to 20 billion yuan in the Agricultural Bank of China, a source close to the matter told China Daily yesterday. By Wang Bo and Mao Lijun (China Daily) Updated: 2009-11-18 07:58 China's State-owned pension fund is likely to invest up to 20 billion yuan in the Agricultural Bank of China (ABC), a source close to the matter told China Daily yesterday.

China, US to promote clean energy development (Xinhua) Updated: 2009-11-18 10:38 Chinese Vice Premier Li Keqiang said Tuesday that he hoped China and the United States would strengthen dialogue on policies and seek a more effective cooperative mechanism to promote clean energy development.

Economist warns of asset bubbles (Xinhua) Updated: 2009-11-18 10:19 A Chinese economist has warned that the country's soaring property prices and equities were "signs of asset bubbles," owing to excessive liquidity.

IMF chief praises China's growth model (Xinhua) Updated: 2009-11-18 10:09 Dominique Strauss-Kahn, managing director of the International Monetary Fund(IMF), said Tuesday the Fund fully supports China's efforts to shift its growth model "from heavy reliance on exports toward private consumption."

Merchants Securities makes weak debut By Zhou Yan (China Daily) Updated: 2009-11-18 07:58 China Merchants Securities, which raised 11.1 billion yuan ($1.63 billion) from its initial public offering, rose 8.42 percent on its debut at the Shanghai stock exchange yesterday, making it the weakest opening in three years on the domestic bourse.

ChiNext stock index up on Wednesday (Xinhua) Updated: 2009-11-18 16:25 Special Coverage: Launch of Growth Enterprise Board Related readings:  ChiNext stock index down on Tuesday  ChiNext stock index flat on Monday  ChiNext stock index down on Friday The ChiNext Index, China's start-up board for small and medium-sized enterprises to raise c ...

Hanwang eyes big e-reader market By Yu Hongyan (chinadaily.com.cn) Updated: 2009-11-18 16:23 Hawang Technology, China's leading producer of electronic book readers (e-reader), surpassed Sony in monthly sales to become the world's second largest e-reader producer after Amazon.com since September this year, according to Liu Yingjian, founder and chairman of the company.

Chinese shares jump above 3,300 mark (Xinhua) Updated: 2009-11-18 16:17 Chinese equities continued upward for the fourth consecutive trading day Wednesday and surpassed the 3,300 mark.

Tianjin to hold 4th 'Summer Davos' (Xinhua) Updated: 2009-11-18 10:48 The World Economic Forum (WEF) Tuesday announced that north China's port city of Tianjin will host the fourth Annual Meeting of the New Champions, or Summer Davos, on September 13 to 15 next year.

Burberry to boost market presence in China (Xinhua) Updated: 2009-11-18 10:36 The British luxury group Burberry is planning to further boost its presence in China by expanding the number of franchised stores to 100 in the country in the next couple years, said Chief Executive Angela Ahrendts in London on Tuesday.

Autodesk to support China's engineering edu (Xinhua) Updated: 2009-11-18 10:33 Autodesk, a world leader in 2D and 3D design software, is to donate its latest software worth $50 million to 50 Chinese universities and secondary vocational schools, said a memorandum signed Tuesday.

China to issue commemorative coins (Xinhua) Updated: 2009-11-18 10:12 The People's Bank of China said Tuesday it would issue 10 sets of gold and silver commemorative coins in 2010.

Markets bet on climbing yuan (China Daily/Agencies) Updated: 2009-11-18 07:58 Offshore markets bet on hefty yuan gains over the next year even after the Chinese government rebuffed calls for the currency to rise, signaling resistance to change during US President Barack Obama's first visit to China.

Mainland equities get boost from banks (China Daily/Agencies) Updated: 2009-11-18 07:58 Mainland stocks rose for a third day, led by banks, after the central government signed an agreement with Taiwan to boost financial cooperation. Makers of consumer products fell on speculation recent gains were overdone.

Copper subdued as dollar recovers (China Daily/Agencies) Updated: 2009-11-18 07:58 Shanghai copper came off near 14-month highs yesterday as equities retreated and the dollar edged up from multi-month lows, and London futures eased as investors locked in recent gains.

Philips lines up $54m investment By Wang Hongyi (China Daily) Updated: 2009-11-18 07:58 Electronics company Royal Philips Electronics yesterday said it would invest $54 million to set up an Industrial Campus for imaging systems in China over the next five years, to cash in on the nation's healthcare reforms.

TCL setting up new LCD production line By Wang Xiaotian (China Daily) Updated: 2009-11-18 07:58 Shares of TCL Corp surged to the daily trading limit of 10 percent yesterday, to 4.57 yuan (67 cents), after the appliance and top TV maker said it was setting up a thin film transistor-liquid crystal display (TFT-LCD) production line in alliance with the Shenzhen government.

Beijing property the most expensive By Xu Fan (China Daily) Updated: 2009-11-18 07:53 It is more expensive to buy an apartment in Beijing than in 35 other cities in China, and several family members often contribute to the cost of property in the capital, new data shows.

Pilot school sued for $1m by airline By Cui Xiaohuo (China Daily) Updated: 2009-11-18 07:53 A Beijing-based private aviation school was sued yesterday for more than 7 million yuan after violating a contract to train pilots from a State-owned airline.

Microsoft ordered to stopping selling OS By Yang Wanli (China Daily) Updated: 2009-11-18 07:53 Microsoft must stop selling products that infringe on the copyrights of a Beijing software company, the Beijing No 1 Intermediate People's Court ruled on Monday.

Hong Kong stocks close 0.32% lower (Xinhua) Updated: 2009-11-18 17:37 Related readings:  Hong Kong stocks close 1.73% higher  Hong Kong stocks close 1.01% lower  Hong Kong stocks close 1.61% higher  Hong Kong stocks close slightly higher

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