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Back to bikes, Danish ambassador says

2011-05-16 17:01:48

Friis Arne Petersen, the Danish ambassador to China, suggested more Chinese should bike rather than drive.

Hong Kong stocks close down 1.36%

2011-05-16 16:44:52

Hong Kong stocks closed down 315.64 points, or 1.36 percent, at 22,960.63 on Monday.

China's online population reaches 477m by March

2011-05-16 16:43:05

The number of Internet users in China reached 477 million as of end of March while websites registered with the authorities had climbed to 3.82 million, a senior telecommunication official said Monday.

Orphans receive free insurance to cover critical illnesses

2011-05-16 16:41:06

More than 28,000 orphans in China received free insurance coverage for the treatment of 12 critical illnesses on Monday, as a joint insurance program sponsored by the government and a Chinese charity organization continues to expand.

PICC to bring in strategic investors

2011-05-16 16:35:45

People's Insurance Company (Group) of China (PICC) still has no timetable for its overall listing. Despite that fact, the company will soon settle with its strategic investors, China Business News reported Monday.

Carlyle makes first deal with RMB fund

2011-05-16 16:12:26

The Carlyle Group closed its second round of fundraising for its RMB-based fund in Beijing and signed a deal in the communications sector, David Rubenstein, co-founder and managing director of the global private equity fund, said Monday.

China stock index futures close down Monday

2011-05-16 16:08:55

China's stock index futures closed lower Monday with the contract for May, the most actively traded, down 0.68 percent from the previous close to 3,103.8.

ChiNext Index closes down on May 16

2011-05-16 16:06:08

The ChiNext Index, launched by the Shenzhen Stock Exchange (SZSE) on June 1, 2010, edged down 0.38 percent, or 3.43 points, to 906.34 Monday.

Chinese shares close down Monday

2011-05-16 16:03:57

Chinese shares fell Monday with the benchmark Shanghai Composite Index down 0.77 percent, or 21.96 points, to 2,849.07. 

China's nuclear projects approval to be restarted

2011-05-16 16:02:12

Examination and approval of China’s nuclear projects may restart soon, but access standards will likely be enhanced, China Business News (CBN) reported Monday.

Massive gold coin auctioned for 7.7m yuan in Beijing

2011-05-16 15:49:43

A 10-kilogram gold coin, the largest ever minted in China, has been auctioned for 7.70 million yuan (about $1.18 million) at an auction in Beijing.

China vows tight measures against food safety violations

2011-05-16 15:36:45

Chinese Vice Premier Li Keqiang has pledged to take heavy-handed measures following food safety violations.

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