China Daily Brief
China Daily news Brief:The restructuring ceremony of Anshan Iron and Steel Group and Pangang Group Company was held Thursday, making Ansteel the new official parent company of Pangang.
Market roundup
Chinese lenders’ attempts to expand financing for ships are being held back by tax regulations and a lack of expertise, according to Bank of Communications Co.
China may raise the upward limit for insurers looking to invest their assets into A shares to 20 percent from 10 percent now, the Shanghai Securities News reported on Friday. China may let insurers buy more infrastructure debt
China’s foreign exchange regulator said Thursday that it will increase punishments for illegal foreign exchange activities.
Chinese 3G operators may be licking their chops as the watch more and more people fondling their flashy new iPads and iPhone 4s across China.
Soaring demand and fewer discounts have secured the profits of the nation’s major airlines in the first six months, with China’s aviation industry expected to stay well in the black for the rest of the year, said analysts.
China’s stocks rose, sending the benchmark index to the highest in two months, after the central bank said it will keep a “moderately loose” monetary policy and steelmakers rallied on improving earnings prospects.
China Investment Corporation said on Thursday it posted a solid return of 11.7 percent on its global investment portfolio in 2009, thanks to major global moves made last year.
Shanghai Airlines Co Ltd said on Thursday it has agreed to terminate its Star Alliance membership by the end of October.
China Radio International Brief
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People’s Daily Brief
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