The Ministry of Environmental Protection has started to clean up its assessment procedures in an effort to stop new businesses being built that would cause pollution. So far this year it has canceled the licenses of more than 100 agents that had the authority to assess and approve planned projects, a ministry statement said on…
China’s securities regulator said on Friday that maintaining stock market stability andrestoring investor confidence are still its top priorities, despite the recent turbulence whichdampened market sentiment and trading volume. The regulator has met with all major securities brokerages and funds and urged them tobetter control their margin trading and short sales business, both of which…
FUZHOU – Fujian province in east China issued its highest typhoon alert as super typhoon Soudelor approaches southeast China’s coastal provinces with downpours and gales. The typhoon, expected to land between the cities of Jinjiang and Fuqing Saturday evening, will pose a serious threat to Fujian, the provincial meteorological station said. Flights to the provincial capital…
Live action fantasy/CGI Monster Hunt has set a new record as the biggest Chinese film everin box office revenue by raking in 1.8 billion yuan ($290.12 million) in ticket sales in theworld’s second-largest movie market. The film has broken several other records, including for highest ticket sales in a single day, asingle day for IMAX, opening…
Nearly one third of small investors, or more than 20million,have fled the turbulent stock market. The number of small investors holding stocks in their accounts slid to 51 million at the end ofJuly from 75 million at the end of June, according to China Securities Depository & ClearingCorp, the government agency that tracks accounts. Shanghai…
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