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ChiNext gives top returns, then reality

JOYCE Chen, an individual investor, earned about 8,000 yuan (US$1,171) from her investment in China's Nasdaq-style board when it began trading last month. That's more than double the average monthly salary in Shanghai. Anticipation of quick gains ...

From WINNY WANG, Shanghai Daily,  17 Nov 2009

Related Topics: ChiNext,  Warren Buffett

Air passengers start to pay fuel fees from today

PASSENGERS flying on domestic routes will start to pay fuel surcharges from today as some Chinese airlines begin to impose them after the nation's top planner introduced a mechanism that links the fees to fuel costs. The carriers, including China ...

From WINNY WANG, Shanghai Daily,  13 Nov 2009

Related Topics: China Southern Airlines,  Air China

QFII funds average yield rises

THE average return of funds managed by overseas institutions to trade in yuan shares grew 8.12 percent in October, led by the robust growth of the domestic stock market, an industry report said yesterday. The performance outshone that of domestic ...

From WINNY WANG, Shanghai Daily,  13 Nov 2009

Overseas funds deliver higher returns

THE average return of funds managed by overseas institutions trading in yuan shares grew 8.12 percent last month backed by the robust growth of the stock market, an industry report said today. Their performances outshone that of domestic equity ...

From WINNY WANG, Shanghai Daily,  13 Nov 2009

More Passengers Fly

DOMESTIC carriers flew 21.71 million passengers in October, rising 18 percent from a year ago, the Civil Aviation Administration of China said yesterday. The growth was 0.7 percentage points faster than that of September, the CAAC said on its ...

From WINNY WANG, Shanghai Daily,  12 Nov 2009

Related Topics: China Southern Airlines

Rush on China Merchants Securities float

CHINA Merchants Securities Co drew 1.1 trillion yuan (US$161.13 billion) in subscriptions and was nearly 94 times oversubscribed for its initial public offering in Shanghai today. The country's eighth-biggest brokerage plans to sell 358.55 million ...

From WINNY WANG, Shanghai Daily,  12 Nov 2009

October industry output up 16.1%

CHINA accelerated industrial output and investment growth was steady last month, providing new evidence of economic recovery backed by the country's hefty stimulus plan. Industrial output grew 16.1 percent last month from a year earlier, the fastest ...

From WINNY WANG, Shanghai Daily,  11 Nov 2009

China to resume air fuel surcharges

CHINA will resume fuel surcharges on domestic air routes to offset climbing costs after the top planning body raised jet fuel prices by 6.6 percent. The National Development and Reform Commission, which controls fuel prices, raised ex-factory prices ...

From WINNY WANG, Shanghai Daily,  10 Nov 2009

Related Topics: China Southern Airlines,  Air China

Shanghai bourse punishes 45 executives over misconduct

THE Shanghai Stock Exchange has taken 45 senior executives of listed companies to task in the first 10 months of this year for their misconduct in stock trading. Their misconduct included trading stocks in a "window period" in which major ...

From WINNY WANG, Shanghai Daily,  9 Nov 2009

Henan infusion helps out airline

THE Henan provincial government has agreed to inject funds into Kunpeng Airlines - the latest tie-up between a local government and an airline. The provincial government and Shenzhen Airlines, the parent of Kunpeng, have signed an agreement on the ...

From WINNY WANG, Shanghai Daily,  9 Nov 2009

Related Topics: Mesa Air Group, Inc.

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