BEIJING, May 27  - China remains committed to its long-standing goal of diversifying it foreign exchange reserves, a government official told Reuters on Thursday.
The official, who is familiar with how the country manages its $2.4 trillion of reserves, said the direction of diversification "will not change", when asked about a report that China was reviewing its euro zone bond holdings. [ID:nN26249716]
Over the past few years, when China mentioned diversification, it was often interpreted as referring to its objective of reducing exposure to the dollar by investing more in other currencies, such as the euro.
Bankers and analysts say that at the margins China has been shifting some of its currency reserves, the world's largest, into a wider range of currencies in recent months, including assets elsewhere in Asia and in commodity-producing countries. (Reporting by Victoria Bi and Simon Rabinovitch; Editing by Ken Wills)

BEIJING, Jan 21 - Chinese state-owned metals trader Sinosteel plans to file for an initial public offering of Chinese A-shares before March and get all required approvals by June, Sinosteel president Huang Tianwen was quoted as saying on Thursday.
"Our plan is to list the shares on the A-market this year itself," Huang told China Daily. He did not specify which market the shares would be listed on or say how much it planned to raise.
China Daily said it planned to inject 95 percent of its assets into the listed firm. Sinosteel bought Australian iron ore miner Midwest Corp in 2008.
(Editing by Ken Wills)

HONG KONG, Jan 11 - Hong Kong shares are set to
rise 1.02 percent on Monday as strong export data for China in
December boosts confidence in the sustained growth of the world's
third-largest economy.

Shares in Aluminum Corp of China Ltd (Chalco)
(2600.HK)(601600.SS), the country's top aluminum company and the
world's third-largest alumina producer, were indicated 3.73
percent higher after the firm raised its alumina spot price by
7.1 percent to 3,000 yuan ($439) per tonne from Jan. 8.
[ID:nTOE607095].

The benchmark Hang Seng Index .HSI opened up 227.43 points
at 22,524.18. The China Enterprises .HSCE Index of top locally
listed mainland Chinese stocks rose 1.62 percent at 13,246.86.

Jiangxi Copper Co Ltd (600362.SS) (0358.HK), China's top
producer of the metal, gained 3.99 percent.
 (Reporting by Sui-Lee Wee, Editing by Jacqueline Wong)

SHANGHAI, Jan 4 (Reuters) - China's key stock index started 2010 up 0.4 percent on Monday, led by large cap stocks after gaining a solid 80 percent in 2009 as one of the world's best performing major markets, underpinned by brighter prospects for economic recovery and corporate earnings.
The Shanghai Composite Index .SSEC opened at 3,289.750 points.
Minsheng Bank (600016.SS), one of the most actively traded stocks, rose 1.52 percent to 8.03 yuan.
"Investors are very optimistic about the market's trend in the first quarter of this year due to the economic and market outlook," said Zheng Weigang, head of investment at Shanghai Securities.
"Looking forward to the rest of the year, it will depend on how fast the government will exit its economic stimulus scheme."
Analysts said they expected the index should break through its 2009 peak of 3,478 points in coming weeks, with large-caps outperforming on market expectations that China would launch its first stock index futures in the first quarter.
The launch of the long-awaited futures, that has taken more than three years, will push up index heavyweights as institutions try to have a bigger say in pricing the derivatives. ($1 = 6.83 yuan) (Reporting by Lu Jianxin and Jacqueline Wong)

Mon Dec 28, 2009 8:59pm EST
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Stocks

Hunan Nonferrous Metals Corporation Limited
2626.HK
HK$3.09
-0.51-14.17%
8:37am GMT+0700

Carpenter Tan Holdings Limited
0837.HK
HK$3.26
+3.26+0.00%
8:36am GMT+0700

SCHRAMM HOLDING AG
0955.HK
HK$39.00
+39.00+0.00%
8:36am GMT+0700

 HONG KONG, Dec 29 (Reuters) - Hong Kong shares opened up 0.30
percent on Tuesday, tracking firmer overseas markets and buoyed
by rising oil and metals prices, while consumer-related issues
are seen in focus on optimism over their longer term prospects as
China's economy grows.

 Hunan Nonferrous Metals (2626.HK) was down 1.11 percent at
HK$3.56 as the stock resumed trading after it said its new
controlling shareholder may make a general offer for all
outstanding shares it did not own at a highly discounted HK$1.73
each.

 Market debutant Carpenter Tan Holdings (0837.HK) was at
HK$3.50 up 35.7 percent from the issue price of HK$2.58 per
share. Schramm holdings AG (0955.HK) debuted at HK$38.80, up 4.9
percent from its issue price of HK$37.

 The benchmark Hang Seng Index .HSI opened 64.22 points
higher at 21,544.44. The China Enterprises Index .HSCE of top
locally listed mainland Chinese stocks gained 0.40 percent to
12,720.26.
 (Reporting by Donny Kwok; Editing by Chris Lewis)

 BEIJING, Dec 23 - Beijing Automotive Industry Holding Corp (BAIC), China's fifth-largest carmaker, said it will invest 33 billion yuan ($4.83 billion) in vehicle development and production over the next three years, following its purchase of technology from GM's [GM.UL] Saab unit.

Stocks  |  Global Markets

The company announced the investment figure on Wednesday at a media briefing following its purchase of the Saab intellectual property, including three vehicle platforms.

Earlier in the day, BAIC said it had paid $200 million for the property from Saab, including rights to the vehicle platforms, two engine technologies and two transmission systems. [ID:nTOE5BM00Z] (Reporting by Michael Wei, writing by Doug Young; Editing by Chris Lewis)

HONG KONG, Nov 18 - Hong Kong stocks could rise on Wednesday, spurred by a rise on Wall Street to 13-month highs, while exporters such as Li & Fung could come under pressure after gloomy forecasts for U.S. holiday spending.  Full Article  

HONG KONG, Nov 17- Hong Kong's benchmark stock index broke above the 23,000 level on Tuesday for the first time in over a year on a Wall Street rally and a pledge by the Federal Reserve to keep interest rates low.  Full Article  

HONG KONG, Nov 16 - Hong Kong stocks rose 1.73 percent on Monday for a second straight session of gains as abundant liquidity and expectations of yuan appreciation fuelled hopes that stocks will rise further, providing a boost to banking stocks.  Full Article