The largest percentage gainers on the main Shanghai Composite index were Hubei Zhenhua Chemical Co Ltd up 10.03 percent, followed by Zhejiang Meilun Elevator Co Ltd gaining 10.03 percent and Tanyuan Technology Co Ltd up by 10.02 percent. ** The largest ... ( read original story ...)
Spreading The ‘Shanghai Spirit’of a New Journey
The two-day-long 18th meeting of the Council of Heads of State of the Shanghai Cooperation Organization (SCO) is scheduled to open on Saturday in Qingdao, the renowned “capital of sailing” in east China’s Shandong province. The Qingdao Summit is the ... ( read original story ...)
Trap or treat? Funds to raise billions for tech IPOs in China
SHANGHAI (Reuters) - Asset managers began fundraising for six ... and the money will be used to fund mainland listings of homegrown tech firms such as smartphone maker Xiaomi [IPO-XMGP.HK] and e-commerce giant Alibaba Group Holding. The launch of the ... ( read original story ...)
Why China stock market remains lackluster
The Shanghai Composite Index rose 9.41 percent in 2015 ... Even compared to deposits, the stock market pales in returns. One can get a guaranteed return of 4 percent from a three-year time deposit. That means they can obtain an accumulative risk-free ... ( read original story ...)
Xi welcomes India, Pakistan to authoritarian-led Central Asian bloc
The Beijing-led bloc, which experts see as seeking to challenge the ... Chinese President Xi Jinping, right, and Russian President Vladimir Putin walk to attend talks at the Shanghai Cooperation Organisation. Beijing's infrastructure projects in Central ... ( read original story ...)
At Shanghai Cooperation Organization summit, Xi extols free trade as G7 meeting ends in disarray
The Beijing-led bloc, which experts see as seeking to challenge the ... of oneself at the expense of the security of other countries.” In recent years, the Shanghai bloc’s economic component has grown more prominent, embodied in Xi’s signature ... ( read original story ...)
China-led Shanghai grouping offers challenge to G-7
QINGDAO, China -- As the two-day meeting of the Shanghai Cooperation Organization kicked off in the northeastern Chinese city of Qingdao on Saturday, the host was working hard to present a picture of unity among its member-states and four observers. ( read original story ...)