Asian markets recover on China data

Note: This section contains information in English only.
Source: Marketwatch
Asian markets rebounded on Tuesday as Chinese statistics reported higher-than-expected GDP growth in the 4th quarter of 2011. China's Shanghai Composite rocketed 4.2% while Hong Kong's Hang Seng Index jumped 2.5%. Australia's S&P/ASX 200 Index rose 1.7%, South Korea's Kospi advanced 1.8% and Japan's Nikkei Stock Average gained 1.1%.
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Tue, 17 Jan 2012 09:09:18 GMT

China's security regulator to ease listing rules

China's security regulator may ease the control over Hong Kong and foreign listings of China's companies and plans to push for Yuan-nominated shares in the overseas Yuan market. Standards to float H-shares are exorbitantly high and the process of approval is time-consuming, said Yao Gang, Vice-Chairman at CSRC. This year securities regulatory commission will revise listing rules and procedures to

Tue, 17 Jan 2012 08:13:33 GMT

Sumitomo Mitsui prepares to purchase RBS aviation unit

Sumitomo Mitsui announced it has agreed to buy Royal Bank of Scotland's aviation unit. The deal is valued at around $7.3bn. Japanese second biggest lender in terms of market value will control a fleet consisting of 206 aircraft and will be committed to buy additional 87 planes by 2015. Sumitomo Mitsui won the bid of China Development Bank Corp. and Wells

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