Broad money supply (M2) totaled 63.6 trillion yuan as of end February 2010, an increase of 25.52 percent year-on-year, according to data released by the People’s Bank of China (PBOC). The rate of increase was down 0.56 percent from end January. Narrow money supply (M1) hit 22.43 trillion yuan, an increase of 34.99 percent year-on-year. The rate of increase was down 3.97 percentage points from end January. C ... more»

The consumer price index (CPI) in February rose 2.7 percent year-on-year and 1.2 percent month-on-month,  reports Chinanews.com.cn, citing the National Bureau of Statistics. For January and February, the CPI rose 2.1 percent from the same period in 2009. The producer price index (PPI) in the first two months rose 4.9 percent year-on-year. The PPI in February increased 5.4 percent from the same period a year ago and was up 1.1 perc ... more»

Fixed asset investment in China increased 26.6 percent year-on-year in January and February to 1.3 trillion yuan, reports Chinanews.com.cn, citing the National Bureau of Statistics. Of the 1.3 trillion yuan of fixed asset investment, investment in real estate development increased 31.1 percent year-on-year to 314.4 billion yuan. Retail sales in February rose 17.9 percent year-on-year to 2.51 trillion yuan. The rate of increase in Februa ... more»

Shandong Lipeng (002374) will raise 321.3 million yuan from its initial public offering (IPO), reports NetEase, citing a company filing. It will issue 13.5 million shares at 23.8 yuan per share. Shandong Lipeng is engaged in the production and sale of various kinds of aluminum plates. It plans to invest 158 million yuan in a production line and overhaul another production line.  Surekam Corporation (002373) will issue 17.5 million ... more»

The Shanghai Composite Index lost 20.21 points or 0.66% to finish at 3048.93 points, with turnover of 99.86 billion yuan. The Shenzhen Component Index slumped 116.02 points or 0.93% to close at 12,391.6 points, with turnover of 71.94 billion yuan. Led by the real estate and financial sectors, about 70% of the stocks fell. About 20% of the stocks gained. MCC Meili Paper Industry (000815, 12.43, +10%), which announced that it will distrib ... more»