Shares of Beiqi Foton Motor Co jumped yesterday after the firm announced that it will be part of a new company which aims to be the nation’s biggest producer of vehicle lithium battery.
The commercial vehicle maker said it plans to invest 10 million yuan (US$1.5 million) for a 10 percent stake in the new company [...]
The Hang Seng China Enterprises Index on the Hong Kong Stock Exchange slid 38.37 points, or 0.29 percent, to close Wednesday’s trading at 13,001.59.
The H-shares index, initiated in August 1994 and readjusted on Sept. 7, 2009, tracks the overall performance of 44 major Chinese mainland state-owned enterprises listed on the Hong Kong Stock Exchange.
The Hang [...]
Shanghai shares will likely continue to gain this week as economic data due out may show encouraging signs pointing to a sound economic recovery, analysts said.
The benchmark Shanghai Composite Index closed at 2976.63 after gaining 2.2 percent last week on better-than-expected new loans and exports in September. New yuan lending reached 517 billion yuan (US$75.72 [...]
Chinese electronics shares surged yesterday on expectations that development of the new “Internet of Things” technology will revolutionize homes and businesses.
What’s got the market buzzing are visions of clothes embedded with microchips that talk to washing machines and long supermarket lines vanishing as consumers pay for goods via chips that automatically debit their bank accounts.
The [...]
China Mobile has begun to prepare for its domestic initial public offering and the telco is looking forward to getting the official regulatory approval in the near future, it said yesterday in Beijing.
The world’s biggest mobile operator hopes regulators will allow its shares to be listed soon, said its chairman and CEO Wang Jianzhou during [...]
Shanghai’s key stock index rose for a seventh day, the longest winning streak in four months, after the central government’s measures eased some worries over a capital shortage.
The Shanghai Composite Index added 0.54 percent, or 15.78 points, to close at 2,946.26. Turnover rose slightly to 153.30 billion yuan (US$22.54 billion) from Wednesday’s 148.63 billion yuan.
”The [...]
