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  1. Wen's talk spurs small players to dump bank stocks

    Posted Apr 06th 2012, 12:00am

    ... George Chen george.chen@scmp.com Stocks of most big banks dropped in Hong Kong and Shanghai yesterday, the first day of trading since Premier Wen Jiabao's call to break the banks' monopoly. But while nervous retail investors read Wen's statement as a cue to sell, fund managers seemed unmoved. Banking analysts said Wen's comments, without any details on how ...

  2. 83 S.O.E. officials caught out by audits

    Posted Jun 02nd 2012, 12:00am

    ... and adjust SOEs' ownership structure, little progress has been made. Last week, Beijing said it would encourage private investment in the major SOEs. It was seen as outgoing Premier Wen Jiabao's parting gesture to the private sector. But that failed to persuade economists, who say Wen was paying lip service to bolster confidence in the mainland's economy. ...

  3. Fuel rate cut eases pressure on large mainland refiners

    Posted Jun 09th 2012, 12:00am

    ... hikes. Beijing has indicated repeatedly- including in Premier Wen Jiabao's annual government work report in March this year- that it would strive to roll out further fine-tuning ...

  4. Brown extends hearty welcome to mainland sovereign fund

    Posted Jan 19th 2008, 12:00am by Staff Reporter

    ... that the mainland's ample cash could be a source of controversy. 'This is a very substantial fund. It can invest positively,' Mr Brown said in Beijing after a meeting with Premier Wen Jiabao. 'I realise that in some countries it is controversial, but I have talked to Premier Wen about that.' Mr Brown suggested that China Investment Corp, which manages the mainland's ...

  5. IPO sparkle dims for mainland developers

    Posted Nov 05th 2010, 12:00am by Amanda Lee

    ... than 1,200 times oversubscribed and the firm raised HK$1.01 billion. New Horizon Capital, a private equity fund co-founded by Premier Wen Jiabao's son, Wen Yunsong, owns 14.26 per cent ...

  6. HSI jumps 2.72pc but mainland stocks tumble for fourth session

    Posted Aug 11th 2009, 12:00am by Nick Westra

    ... spooked when the release of key data was postponed. The Hang Seng Index opened sharply higher after Premier Wen Jiabao said at the weekend that Beijing would maintain an aggressive monetary ... dropped 4.44 per cent and 0.96 per cent respectively last week after the People's Bank of China hinted at possible changes to its monetary policy. '[Mr Wen's comments] relieved ...

  7. Talking points

    Posted Jul 29th 2011, 12:00am

    ... is usually the height of mourning for the deceased. Premier Wen Jiabao yesterday offered comforting words to victims' families and pledged to give the public the truth of the tragedy, but to what extent lower-level officials can deliver on Wen's pledge remains to be seen. Government regulates philately market The State Post Bureau plans to step up its regulation ...

  8. Draft rules 'ready soon' for yuan stock buyers

    Posted Aug 27th 2011, 12:00am

    ... allowing foreign and Hong Kong investors to use yuan to buy mainland stocks as early as next month. Li, who is expected to take over from Premier Wen Jiabao, received a warm response from ...

  9. Handouts won't cure woes of mainland banks

    Posted Feb 26th 2004, 12:00am by Staff Reporter

    ... and legality of both moves coincides with Premier Wen Jiabao publicly lecturing one of the bailout beneficiaries, China Construction Bank (CCB), for dragging its feet on releasing a plan for internal ... sectors such as property. It is too early to tell whether these loans will turn bad, but many observers, including Mr Wen, seem to be worried that the move from Soviet-style lending to more viable ...

  10. Refiners promised reform on fuel prices

    Posted Mar 06th 2012, 12:00am

    ... be launched this year 'at the right time, according to economic conditions'. Premier Wen Jiabao said in his annual government work report yesterday that Beijing would reform the pricing ...




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