China's capital markets will soon see more derivatives products. Yang Maijun, director of futures regulation at the China Securities Regulatory Commission (CSRC), said oil futures could start trading in Shanghai as early as August. He said new securities-related products and financial derivatives were in the cards, and a unified settlement system. Yang also said regulators […]
Category: Banking & Finance
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New southern kingdom
Look out Shanghai, here comes the PPRDRCDF.
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Big Pharma takes on fakes
Top global pharmaceutical firms are increasing cooperation with Chinese authorities to take on the serious problem of fake drugs.
With Hong Kong fund raisings already above the HK$50 billion mark in the first half of 2004, Hong Kong Exchanges and Clearing chief executive Paul Chow said initial public offerings (IPOs) were on track to beat last year's figure of HK$59 billion. He credited mainland companies for the projected increase, saying some would find it […]
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Cinda agrees bad loan buy-up
Cinda Asset Management Co has agreed to buy US$33.6 billion in non-performing loans from the Bank of China and the China Construction Bank. The move is part of an effort to improve the health of state banks ahead of stock market listings, state media reported. Cinda paid 30% of the loans' value to the banks, […]