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BUSINESS
August 6, 1994 | From Reuters
In a spectacular turnaround that shattered every record on Shanghai's roller-coaster stock market, investors Friday unleashed another buying wave that sent the index soaring by 108.50% for the week. The Shanghai Class A share index for domestic investors surged 22.31% on Friday to 700.58 points. Its twin on the market in the southern Special Economic Zone of Shenzhen added 10.52% to 165.92.
BUSINESS
October 27, 1994 | From Times Staff and Wire Reports
China Bans Rice Futures Trading: Signaling growing alarm at rocketing grain prices that are fueling inflation, the government said it is banning the trading in Shanghai, dealing a blow to a key Chinese commodities market. Some contracts in long-grain polished rice on the Shanghai Cereals and Oils Exchange were suspended Monday, and others will be phased out.
BUSINESS
October 27, 1994 | From Times Staff and Wire Reports
China Bans Rice Futures Trading: Signaling growing alarm at rocketing grain prices that are fueling inflation, the government said it is banning the trading in Shanghai, dealing a blow to a key Chinese commodities market. Some contracts in long-grain polished rice on the Shanghai Cereals and Oils Exchange were suspended Monday, and others will be phased out.
BUSINESS
July 4, 1994 | From Associated Press
It may just be beans, but the scene at Beijing Commodities Exchange was unfettered capitalism at its worst: investors cornering the market, a fight on the trading floor, even a hospitalized investor. The uproar last week at the exchange, in a converted cafeteria in northern Beijing, highlighted the rough-and-unready nature of China's dabblings with capitalism and showed why Chinese Communist leaders are reaching for the brakes.
NEWS
March 13, 1993 | CHRISTINE COURTNEY and DAVID HOLLEY, SPECIAL TO THE TIMES
Gov. Chris Patten announced Friday that his government is pushing forward with plans for democratic reforms despite fierce opposition from Beijing, which resumes sovereignty over this British colony in 1997. The escalating confrontation over Hong Kong's political future provoked a sharp late-afternoon fall on the Hong Kong stock market. China has immense leverage over Hong Kong's economy.
NEWS
January 21, 2001 | ANTHONY KUHN, SPECIAL TO THE TIMES
Signaling his interest in overhauling his nation's Stalinist economy, North Korean leader Kim Jong Il met with China's President Jiang Zemin here Saturday at the end of a six-day unofficial tour of Chinese economic achievements. Kim's trip, his second to China in eight months, was shrouded in official secrecy and was announced only Saturday evening, after his special train had crossed the border back into North Korea.
BUSINESS
August 6, 1994 | From Reuters
In a spectacular turnaround that shattered every record on Shanghai's roller-coaster stock market, investors Friday unleashed another buying wave that sent the index soaring by 108.50% for the week. The Shanghai Class A share index for domestic investors surged 22.31% on Friday to 700.58 points. Its twin on the market in the southern Special Economic Zone of Shenzhen added 10.52% to 165.92.
BUSINESS
July 4, 1994 | From Associated Press
It may just be beans, but the scene at Beijing Commodities Exchange was unfettered capitalism at its worst: investors cornering the market, a fight on the trading floor, even a hospitalized investor. The uproar last week at the exchange, in a converted cafeteria in northern Beijing, highlighted the rough-and-unready nature of China's dabblings with capitalism and showed why Chinese Communist leaders are reaching for the brakes.
BUSINESS
August 1, 1986 | NANCY YOSHIHARA, United Press International
China plans to set up stock exchanges in a few of its major industrial cities, thus becoming the first Communist country with a Western-style exchange. "A few major industrial cities will be chosen as pilots for setting up stock exchanges in the near future," the official New China News Agency paraphrased a senior official of the People's Bank of China as saying. "This is a major step for a Communist country," a foreign banker said. "It is quite revolutionary."
BUSINESS
July 4, 1994 | From Bloomberg Business News
China is drafting laws that allow five-year jail terms for securities fraud and better regulation of foreign investors' shares, to boost confidence in its slumping stock markets, major papers reported. The national regulations for B-shares, traded only by foreign investors, should be issued before the end of the year, the official China Daily reported Sunday. The laws will improve the issuing and trading of these shares, it said.
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