The 453 investment funds under the Mandatory Provident Fund returned an average of 0.67 per cent last month, according to data provider Lipper. That is slower than September's 3.09 per cent and the July-September quarter's 4.66 per cent return. The stock funds were the best performers, returning an average of 1.23 per cent. Enoch Yiu
China will offer subsidies to shale gas developers as the government looks to replicate the production boom seen in the United States. The government will offer 0.40 yuan (49 HK cents) for each cubic metre of shale gas produced, the Ministry of Finance said yesterday, twice the subsidy offered to coal-bed methane. Reuters
China lodged a complaint with the World Trade Organisation yesterday to challenge the European Union's support for its solar power components industry. The Ministry of Commerce said some EU countries' laws provided subsidies for solar power generation if components were produced in Europe. Reuters