China Securities Journal

			Chinese (中文版)

Air China Group Buys Back Shanghai Shares

Overseas Bankers in Talks with China Regulator over Legislation
Senior representatives of about 30 overseas banks met with China's banking industry regulator yesterday to discuss concerns over the draft administrative rule on foreign banks.

China MoC Sees 2006-2010 Retail Sales Growth At 11% Per Annum
The Ministry of Commerce said it expects retail sales growth of 11 pct per annum in 2006-2010, the period covered by the eleventh five-year plan.

Credit Cards Drive China Merchants Bank Growth
China Merchants Bank, the country's sixth-largest lender, is poised for strong growth in its credit card business, a key selling point for its up to US$2.5 billion share sale that is likely to value the bank at a premium to its Hong Kong-listed peers.

China's CCB Eyes More Overseas Acquisitions
China Construction Bank (CCB) will consider other acquisitions overseas after the 9.7 bln hkd deal to purchase of Bank of America (Asia) Ltd, the bank's president Zhang Jianguo said.

Oil Prices Drop on U.S. Energy Report
World crude retreated sharply Wednesday on U.S. weekly energy supply report. New York's main contract, light sweet crude for delivery in September, fell 1.34 dollars to close with 71.76 dollars per barrel.

China Should Beware Big Yuan Rise: Gov't Think Tank
China can afford to let the yuan climb by 3 percent a year as part of steps to rebalance the economy, but a sharp rise in the currency would hit jobs, according to a Commerce Ministry think-tank.