Hong Kong acts to curb avian virus [Washington Post] "Hong Kong authorities announced Wednesday that they planned to kill all poultry in the territory's retail markets because of fears of a dangerous bird flu outbreak. Health officials said they detected the deadly H5N1 virus last week in chickens at a stall in the Kowloon area and slaughtered about 2,700 animals in that neighborhood to prevent its spread."China denies hacking into US computers [AP] "China denied......

The Shanghai stock market hit its largest one-day drop in the past 12 months, prompting Newsweek to worry about China's volatile economy as U.S. Treasury Secretary Henry Paulson announced intentions for "robust engagement" aka whining about trade deficit, bullying the PRC to revalue its currency and, if all else fails, tattling to the World Trade Organization.A local clinic was http://www.shanghaidaily.com/sp/article/2008/200806/20080611/article_362763.htm"> sued for 230,000 RMB for failing to inform a mother of the possibility of a......

By Sue Anne Tay The death toll from Monday’s earthquake continues to climb but the Shanghai Composite Index fell only slightly on Tuesday, closing at 1.84% lower. Stocks traded normally after the first earthquake hit at 2:28pm on Monday, May 12. Travelling tremors that forced evacuations in several key buildings in Shanghai’s Lujiazui area were reported to have affected some fund managers and brokers. By the time the gory details of the earthquake and its......

By Sue Ann Tay The two-day Lujiazui Forum kicked off in Pudong this morning. This is Shanghai’s first high-level international finance forum that brings together influential government officials, financial leaders and scholars to discuss how to further the financial reform and market opening of China. The gathering of Chinese and international financial glitterati is indeed impressive. People’s Bank of China Governor Zhou Xiaochuan opens the forum, with the first panel discussion involving China’s insurance, banking......

Recently, Tudou's Marc van der Chijs commented on how he knew the bubble in the Chinese stockmarket had to burst soon when he found out that his driver, too, had jumped headlong onto the stock bandwagon although he had zero understanding of how stockmarkets work. You will find an echo of that sentiment in Al-Jazeera's latest report on China's current stockmarket frenzy. Meanwhile, David Barboza of the New York Times says China wonders if its......

The Xinhua News Agency is reporting that China may allow foreign multinationals to list on the Shanghai Stock Exchange(SSE). SSE officials are conducting feasibility studies and companies names mentioned include HSBC Holdings Plc, Coca-Cola Co., and Siemens AG. China is under renewed international pressure to speed up its currency reform and open its financial market. Letting foreign firms trade on domestic bourses may just be the first of many steps toward integrating China into the......

And in a class all by itself, the US$1 trillion(1,000,000,000,000) club. On Monday, the 4 billion A-share offering, priced at 16.7 yuan per share, finished its first day of trading on the Shanghai Stock Exchange at 43.96 yuan, rising as high as 48 yuan intraday. At US$1.005 trillion, PetroChina’s market cap is more than twice that of its US peer, Exxon Mobil (USD $486 billion), even though Exxon Mobil generated four times as much revenue......