Shanghai and Shenzhen fund index continued to rise on Wednesday morning and both set a new high in the current round of rounding, but underperformed the market. More than 40% closed-end fund in the two cities closed up. Shanghai fund index opened at 4760.65 points, 5.03 points higher and midday closed at 4757.60 points,...

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China Merchants Securities on Tuesdeay notched up the worst first-day performance by any newly listed stock in Shanghai since a 10-month ban on initial public offerings was lifted in June. The brokerage – which raised Rmb11.1bn in China’s third largest new mainland offering this year – ended its first day of trade up only...

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THE Bank of China and its rivals are vying to be the first to open a branch in Taiwan after a long-awaited memorandum of understanding between the Chinese mainland and the island was signed. Li Lihui, president of the Bank of China, said he would immediately apply to open a branch in Taiwan. The...

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Long Yu, newly appointed conductor of the Shanghai Symphony Orchestra, brooks no nonsense from critics who assert that Chinese musicians interpret standard Western classical music differently from their European or American counterparts. “It doesn’t matter, it’s the same,” said Yu, who will lead the musicians in works by Mussorgsky, Rachmaninoff and Chinese composer Chen...

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Orders to prevent sales of T-shirts showing Obama dressed like communist revolutionary Mao Zedong are in force during the president’s visit — and Chinese officials mean it, as a CNN reporter found out. Correspondent Emily Chang reported that she went searching for Oba-Mao souvenirs at Shanghai’s Yatai Xinyang market. Finding none, she pulled out...

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It’s been a crummy 24 hours for the Hong Kong tourism industry. The first piece of bad news: China has given the green light to Disney to build a theme park in Shanghai. The $3.5 billion Chinese facility will sprawl across about 1,000 acres which will dwarf Hong Kong Disneyland’s 296 acre lot. Mainland...

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