Latest News:  


Index taps fast gain in industrial profits

By Ye Zhen (Shanghai Daily)

09:51, May 28, 2013

Shanghai stocks inched up yesterday after industrial profits in China expanded faster in April.

The Shanghai Composite Index added 0.2 percent to 2,293.08.

Profits at China's industrial enterprises grew 9.3 percent year on year to 437 billion yuan in April, faster than the 5.3-percent gain in March, the National Bureau of Statistics said yesterday.

The bureau said that in the first four months of the year, profits gained 11.4 percent to 1.61 trillion yuan, 0.7 percentage point slower than the growth in the first three months.

Yu Jianxun, an official with the bureau's industry department, said the profit gain was due to the better performance of the energy, automobile and electronic manufacturing sectors.

At a meeting with business leaders in Switzerland on Friday, Premier Li Keqiang said China will deepen financial market reform, develop multi-level capital markets quickly, and promote market-oriented interest rates.

Haitong Securities rose 2 percent to 11.47 yuan (US$1.87). CITIC Securities, China's biggest listed broker, gained 1.4 percent to end at 12.86 yuan. Huatai Securities climbed 4.3 percent to close at 10.35 yuan.

We Recommend:

Intelligent & beautiful Asian business women

19-year-old self-made multimillionaire

55th Housing Fair held in E China's Jiangsu

Top 10 instant noodles of all time

Eye-catching models highlight house fair

'Lipstick effect' hits China as economy slows

10 million-yuan bra shines in North China

Top 10 most competitive cities in China in 2013

Hot atmosphere at Int'l Brand Underwear Fair

Email|Print|Comments(Editor:WangLili、Chen Lidan)

Leave your comment0 comments

  1. Name


Selections for you

  1. Close view of Chinese female snipers

  2. East China Sea Fleet conducts drill

  3. 'Sea of Hands' event held in Sydney

  4. Thrilling hurdlers in street

  5. Teacher nabbed for molesting students

  6. Group wedding for migrant workers

  7. World's largest Lego in Times Square

  8. China defends Sudirman Cup

  9. Ladies in finance industries

  10. Most competitive airlines in the world

Most Popular


  1. Sino-Indian diplomatic miracle embarrasses Japan
  2. U.S. dollar could weaken most Asian currencies
  3. Apple's tax dodge smacks of abuse
  4. Chinese premier's Swiss tour fruitful, influential
  5. China-Switzerland FTA to benefit both sides
  6. What China-Switzerland FTA brings about?

What’s happening in China

White angels in Chongqing South West Hospital

  1. Cyber love at heart of teen pregnancies
  2. Sinopec probes staff over report of patient's death
  3. Letters for auction despite widow's protest
  4. China to tighten work safety supervision
  5. Mutton found to contain duck meat