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USD/RMB=6.116
SHFE base metals opened lower on Wednesday, but rose at the tail of trading.
Despite the assurance of a flexible monetary policy, the announcement by China's central bank last week of repos worth 30 billion yuan ($4.9 billion) has continued to cause market jitters.
China's latest call for an "operational plan" to achieve yuan convertibility under the capital account has raised the prospect of a specific reform timeline.
Over 450 companies in the European solar industry on Wednesday voiced strong opposition to a potential decision by the European Commission.
More freedom will be given to foreign funds investing in the Chinese capital market and to domestic individuals buying overseas securities.
Chinese regulators have decided to add a new weapon in their long-lasting tug of war with Chinese lenders, after the growth of lenders' off-balance-sheet businesses went off the chart this year.
The People's Bank of China on Wednesday set the daily reference rate of the yuan against the dollar at 6.1980.
Laterite Nickel Ore Prices by Region (2013-5-9)
NPI Price in China (2013-5-9)
SHFE 1309 copper contract started Wednesday RMB 300/mt lower at RMB 52,380/mt.
LME nickel price overnight opened at USD 15,162/mt, with the high end of the price range USD 15,560/mt.
China's exports are continuing to recover despite lingering doubts over the accuracy of newly released trade data.
In Shanghai, Jinchuan nickel prices were concentrated around RMB 106,800/mt on Wednesday.
Sales revenue of China's biopharmaceutical industry hit 178 billion yuan ($28.92 billion) last year, up 18.4 percent from 2011.
The People's Bank of China on Wednesday set the daily reference rate of the yuan against the US dollar at 6.1980.
[May 24, 2013]The pace of the Fed’s asset purchasing program is expected to slow,...
[May 22, 2013]The one and the only international conference focusing on copper ore...
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