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China’s Sashimi Appetite Helps Cathay Pacific Fill Cargo Holds

Submitted by chinastock on Thu, 07/29/2010 - 07:21
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Xin Jing spends about 200 yuan ($30) on Japanese sashimi each time she visits City’super’s grocery store in Shanghai. Her appetite is helping fill cargo planes bound for China, boosting profit at Cathay Pacific Airways Ltd.

'Mini-QFII' program in works

Submitted by chinastock on Wed, 07/28/2010 - 23:20
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A man reads a newspaper at a brokerage in Shanghai. [Xu Xiaolin / For China Daily]

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Rubber at 2-week high

Submitted by chinastock on Wed, 07/28/2010 - 23:20
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BANGKOK - Rubber advanced to the highest level in more than two weeks on speculation that demand may climb as Asian equity markets gained and the Japanese currency declined.

Related readings:
 Rubber set to decline

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China pension fund to invest in overseas PE

Submitted by chinastock on Wed, 07/28/2010 - 23:20
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Dai Xianglong, chairman of the National Council for Social Security Fund, said the pension fund will begin investing in overseas private-equity (PE) funds soon, the Shanghai Securities News reported today.

Related readings:
 China's SSF yields 84.9b yuan in 2009
The pension fund is now looking for managers and has plans to increase the scale of its investments in overseas PE funds once they've started, the newspaper reported, citing Dai.
China's pension fund will focus mainly on investing in overseas small- and medium-sized enterprises, Dai was cited as saying.

ICBC May Raise $6.6 Billion, Adding to China Bank Share Sales

Submitted by chinastock on Wed, 07/28/2010 - 21:12
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Industrial and Commercial Bank of China Ltd. plans to raise as much as 45 billion yuan ($6.6 billion) to replenish capital, adding to share sales by Agricultural Bank of China Ltd. and China Everbright Bank Co.

ICBC Will Seek as Much as $6.6 Billion in Rights Offer

Submitted by chinastock on Wed, 07/28/2010 - 18:22
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Industrial and Commercial Bank of China Ltd., the world’s biggest lender by market value, said it will raise up to 45 billion yuan ($6.6 billion) in a rights offer to replenish capital.

China’s Sashimi Appetite Helps Cathay Pacific Fill Cargo Holds

Submitted by chinastock on Wed, 07/28/2010 - 18:15
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Xin Jing spends about 200 yuan ($30) on Japanese sashimi each time she visits City’super’s grocery store in Shanghai. Her appetite is helping fill cargo planes bound for China, boosting profit at Cathay Pacific Airways Ltd.

The PBoC Can't Easily Raise Interest Rates

Submitted by chinastock on Wed, 07/28/2010 - 14:29
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Michael Pettis submits:

A lot of people have asked me to write about the recently “leaked” CBRC report on dodgy local government debt. Here is what the article in Monday’s Bloomberg had to say about it (and note especially that delicious second paragraph):

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Chinese Solar Sector Rallies, but Will the Party End Soon?

Submitted by chinastock on Wed, 07/28/2010 - 12:12
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Solarfun Power Holdings Co., Ltd. (NASDAQ:SOLF), ReneSola Ltd. (NYSE:SOL), JA Solar Holdings Co., Ltd. (NASDAQ:JASO) and other Chinese solar companies have rallied more than 25% so far this month on average, but will the trend continue or is the sector ready to take a break?

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ICBC Will Seek Up to $6.6 Billion in Rights Offer

Submitted by chinastock on Wed, 07/28/2010 - 10:02
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Industrial and Commercial Bank of China Ltd., the world’s biggest lender by market value, said it will raise up to 45 billion yuan ($6.6 billion) in a rights offer to replenish capital.

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