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05/23/2012

Military Official Hard to Make Japan Trip

China's Ministry of National Defense on Tuesday confirmed that Guo Boxiong, vice-chairman of the Central Military Commission can hardly make the trip to Japan because of a "work commitment". The Information Office of the National Defense Ministry replied to China Daily in written form, saying that China attaches great importance to its friendship and cooperation [...]

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05/23/2012

China Buys U.S. T-bonds Directly

BEIJING, May 23 (Xinhuanet) — China now has direct access to the U.S. Department of the Treasury to buy U.S. government bonds, though "the buying amount is not significant," a source close to the central bank told the Global Times yesterday. China can now bypass Wall Street when buying US government debts, and it is the [...]

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05/23/2012

China IPO Market at the Crossroads

THE recent moves by the China Securities Regulatory Commission to reform the A share initial public offering mechanism to enhance the integrity of the market and regain investor confidence could not have come at a more opportune moment, as all signs point to the US knocking China off its perch as the world's top IPO [...]

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05/23/2012

Taiwan Urged to Work with Mainland on South China Sea Issue

Taiwan should take a cooperative approach with the Chinese mainland toward the South China Sea issue, which will benefit cross-Straits relations, analysts said Tuesday. Countries including the Philippines, Indonesia and Vietnam have asked Taiwan, in public or private, not to cooperate with the mainland on the issue, Tsai De-sheng, director-general of Taiwan's "National Security Bureau," [...]

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05/23/2012

Cargo Derivatives Exchange Falling Overboard

(Beijing)– A trading deck designed to help Chinese shipping companies hedge against fluctuating freight prices hit a figurative shoal in April, raising doubts about its crew and course. The trouble surfaced around the beginning of May. On April 27, the Shanghai Shipping Freight Exchange (SSEFC) announced that derivatives trading for contracts coded UW1204 finished with [...]

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