Posted by: Tom Telford on Mar 12 2010

The Shanghai Composite Index retreated 1.24% to close at 3,013.41, while the Shenzhen Composite Index fell 1.38% to end at 1,147.44 on Friday, March 12. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were RMB 84.35 billion and RMB 68.93 billion, respectively.

Stocks were broadly flat and sectors mixed in early trading on Friday but by the afternoon session, rumors of an impending measures to counteract fast February inflation were circulating...

Posted by: Sophia Fu on Feb 11 2010

The Shanghai Composite Index inched up 0.1% to close at 2,985.5, while the Shenzhen Composite Index inched up 0.11% to end at 1,118.58 on February 11. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 64.89 billion and RMB 47 billion, respectively.

Iron and Steel stocks grew strongly on Thursday, in reaction to news that China will soon launch guidelines for the restructure of the domestic iron and steel industry, investoday.com.cn reported...

Posted by: Kiki.yang on Jan 25 2010

The Shanghai Composite Index dropped 1.09% to close at 3,094.41, while the Shenzhen Composite Index decreased 1.15% to close at 1,148.49 on January 25. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 95.15 billion and RMB 58.66 billion, respectively.

The ten biggest-cap stocks on mainland markets all fell today, with China Unicom (NYSE:CHU, 0762.HK, 600050.SH) down 3.71%, Air China (0753.HK, 601111.SH) 3.64% lower and Shanghai Baosteel Group Corporation (600019.SH) sliding 2.29%.

Shares in banks slumped on Monday, following an announcement by the Bank of China (BoC) (3988.HK, 601988.SH) that it plans to raise RMB 40 billion through a convertible bonds issue...

Posted by: Kiki.yang on Jan 18 2010

Baoshan Iron & Steel Co. Ltd. (600019.SH) made a net profit of RMB 5.75 billion in 2009 from sales revenues of RMB 148.54 billion, representing declines of 10.93% and 25.97% year-on-year, respectively, the company reported January 16...

Posted by: Cherry Zhang on Dec 01 2009

The Shanghai Composite Index rose 1.25% to close at 3,235.36, while the Shenzhen Composite Index grew 2.25% to end at 1,212.6 on December 1. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 191.22 billion and RMB 119.72 billion, respectively.

Chinese Premier Wen Jiabao said on November 30 that calls for China to allow its currency to appreciate are unfair and constitute trade protectionism, Xinhua News Agency reported December 1...

Posted by: Cherry Zhang on Nov 12 2009

The Shanghai Composite Index decreased 0.07% to close at 3,172.95, while the Shenzhen Composite Index increased 0.51% to close at 1,141.33 on November 12. Trading volume on the Shanghai and Shenzhen Stock Exchanges grew to RMB 152.57 billion and RMB 96.9 billion, respectively.

Home electronics and appliance manufacturers showed strong gains on Thursday after China announced plans to broaden the categories of appliances, cancel price limits and set caps on subsidies for its "appliances to countryside" program...

Posted by: Sijia Xie on Nov 03 2009

Shanghai Baosteel Group Corporation (Baosteel) announced October 30 that its application to purchase an equity stake in Australia's Aquila Resources (ASX:AQA) has been approved by the Australian Foreign Investment Review Board (FIRB)...

Posted by: Melody Jiang on Jul 06 2009

The Shanghai Composite Index rose 1.18% to close at 3,124.67, while the Shenzhen Composite Index grew 0.99% to close at 1010.59 on Monday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 203.91 billion and RMB 95.14 billion, respectively.

Shares of Maanshan Iron & Steel Company Limited (600808.SH) rose 10.06%, shares of Laiwu Steel Corporation (600102.SH) climbed 10.01%, shares of Lingyuan Iron & Steel Corporation (600231.SH) jumped 10.0%, and shares of Baoshan Iron & Steel Co...

Posted by: Melody Jiang on Jun 12 2009

The Shanghai Composite Index fell 1.91% to close at 2,743.76, while the Shenzhen Composite Index slid 2.05% to close at 903.74 on Friday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 123.86 billion and RMB 63.67 billion, respectively.

Expectations that China will re-launch initial public offerings (IPO) this weekend triggered panic selling among investors on Friday, reports Nanjing Securities...

Posted by: Sophia Fu on Mar 02 2009

The Shanghai Composite Index rose 0.51% to close at 2,093.45, while the Shenzhen Composite Index rose 2.09% to close at 672.85 on Monday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 72.21 billion and RMB 39.46 billion, respectively...

Posted by: Cherry Zhang on Jan 05 2009

The Shanghai Composite Index rose 3.29% to close at 1,880.72, while the Shenzhen Composite Index grew 3.22% to close at 571.13 on Monday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 46.1 billion and RMB 24.57 billion, respectively.

Chinese Premier Wen Jiabao said in Qingdao this weekend that the government has made plans to revive the iron and steel industry, reports Oriental Morning Post...

Posted by: Cherry Zhang on Nov 10 2008

The Shanghai Composite Index rose 7.27% to close at 1,874.8, while the Shenzhen Composite Index rose 6.42% to close at 497.35 on Monday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 56.87 billion and RMB 21.77 billion, respectively, on Friday.

The State Council announced a plan to invest $586 billion in social welfare projects and domestic railways, airports and other infrastructure before 2010 on Sunday, reports China Daily...

Posted by: Cherry Zhang on Oct 14 2008

The Shanghai Composite Index fell 2.71% to close at 2,017.32, while the Shenzhen Composite Index sunk 2.16% to close at 529.62 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 53.35 billion and RMB 20.9 billion, respectively...

Posted by: Jessica Jin on Sep 25 2008

The Shanghai Composite Index rose 3.64% to close at 2,297.501, while the Shenzhen Composite Index grew 3.15% to close at 607.79 on Thursday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 83.513 billion and RMB 32.56 billion, respectively.

Shares of Zhejiang Hangxiao Steel Structure (600477.SH), Lingyuan Iron & Steel (600231.SH), Baoshan Iron & Steel (600019.SH) and Maanshan Iron & Steel (600808.SH), increased 10.07%, 10.02%, 7.52% and 3.96%, respectively, on Thursday...

Posted by: Jessica Jin on Aug 29 2008

The Shanghai Composite Index increased 2% to close at 2,397.37, while the Shenzhen Composite Index increased 2.63% to close at 659.18 on Friday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 37.316 billion and RMB 17.74 billion, respectively.

Baoshan Iron & Steel (600019.SH) reported first half earnings on Friday...