China Manufacturer News

China’s securities regulator on Tuesday approved Shanghai-based China Financial Futures Exchange (CFFEX) to undertake stock index futures trade.

Business leaders from China’s coastal Zhejiang Province were in Hong Kong on Tuesday to promote investment and sought to use the international trade and financial hub as a platform to make their firms go international.

As the Chinese economy is gaining clout, more Chinese firms’ brands will become top global ones in the next decade, Zhou Houjian, chairman of China’s Hisense Group, said Friday.

The annual per capita GDP in Beijing was expected to top 10,000 U.S. dollars in 2009 as the national capital expected an over 9.5 percent economic growth for the same year, said an official with the municipal economic planning agency Thursday.

West China’s Tarim Oilfield registered a record 497 million tonnes of 3P (proven, probable and possible) reserves of oil and gas in 2009, the company has announced.

China’s business climate index, a major measurement of macro-economic outlook, rose 6.2 points in the fourth quarter from the previous quarter, the National Bureau of Statistics (NBS) said Friday.

Yanzhou Coal Mining Co., China’s third-largest coal producer, is scanning the market for additional coal acquisitions in overseas markets after becoming the new owner of Australia’s Felix Resources Ltd, the China Daily reported Friday.

Airlines in China are expected to carry close to 29 million passengers during the Spring Festival holiday period, which falls on Feb. 14 to Feb 21. this year, according to the General Administration of Civil Aviation of China(CAAC) Friday.

Some 600 films screened in China last year grossed 6.2 billion yuan (about 908 million U.S. dollars) at the box office, according to Chinese film authority here Friday.

China’s securities regulator said Friday the State Council had approved “in principle” the launch of index futures and given it the green light to pilot the margin trading business.