News Digest: China, US could further strengthen financial co-op

WASHINGTON — China and the United States could step up cooperation on financial reform and regulation, Zhou Xiaochuan, governor of the People’s Bank of China (PBOC), said on Monday.“As China’s central bank chief, I have great

News Digest: PBOC drains 80 billion yuan

China’s central bank drained 80 billion yuan ($12.3 billion) from the money markets through 28-day bond repurchase agreements on Tuesday, traders said. A total of 198 billion yuan in central bank bills and repurchase agreements are

News Digest: Insider trading netted millions for corrupt CEO

THE former chief executive officer of China Galaxy Securities Co has been sentenced to death with a two-year reprieve for taking bribes of 15.46 million yuan (US$2.38 million) and profiting by nearly 100 million yuan from

News Digest: Energy, metals stocks rise with commodity prices

COMMODITY prices recovered some of last week’s losses yesterday, helping to lift the stocks of energy and materials companies. The broader market also rose despite new worries about Greece’s debt problems.Oil prices once again moved above

News Digest: Shanghai shares up on strong export data

SHANGHAI’S stock market rose for the second day in the morning session after data showed a strong growth in exports.The benchmark Shanghai Composite Index edged up 0.32 percent, or 9.11 points, to close at 2881.57. Turnover

News Digest: Yuan products to meet appetite

THE Hong Kong Mercantile Exchange, backed by the world’s largest lender, will offer yuan-denominated gold products to meet increasing customer demand as the city aims to be China’s offshore currency center.The Industrial & Commercial Bank of

News Digest: Ship builders and metal firms rise in Shanghai

SHANGHAI’S stocks market edged up slightly in the morning, led by ship makers and metal producers.The Shanghai Composite Index was up 0.37 percent, or 10.6 points, to close at 2874.48. Turnover fell to 52.5 billion yuan

News Digest: Shanghai index up on stronger ship makers and metal firms

SHANGHAI’S stocks market edged up slightly today, led by ship makers and metal producers.The Shanghai Composite Index was up 0.3 percent, or 8.57 points, to close at 2872.46. Turnover fell to 94 billion yuan (US$8.1 billion).“Investors

News Digest: Ex boss of Galaxy gets death for insider trading, bribes

THE former chief executive officer of China Galaxy Securities Co was sentenced to death with a two-year reprieve for taking bribes worth 15.46 million yuan (US$2.4 millioné”›?and earning nearly 100 million yuan from insider trading, the

News Digest: HK stocks climb on solid gains in US jobs

HONG Kong stocks rose, driving the benchmark index to its first increase in nine days, after stronger-than-forecast growth in United States jobs bolstered confidence in the global economy.HSBC Holdings Plc, which made 20 percent of its