介绍:
Two new types of stock index futures start trading
Two new types of stock index futures have begun trading on the China Financial Futures Exchange.
SSE50 index futures and CSI500 index futures allow investors to bet on and profit from either gains or declines in the equity market, through buying or selling contracts of the two stock indices at a present value on an agreed date.
Previously, China had only one stock index futures, Hushen 300 index futures.
It started trading in April, 2010.
China Security Regulatory Commission says the addition of the new index futures will help diversify financial products to better meet investors' needs.
China's Q1 FDI Jumps 11.3 pct
The latest stats released by the Ministry of Commerce show foreign direct investment (FDI) in the Chinese mainland jumped 11 percent year on year in the first quarter of this year.
Service industry FDI in the first quarter climbed about 24 percent year on year.
manufacturing FDI was down 3.6 percent year on year during the period.
Shen Danyang, spokesperson for the Ministry of Commerce, says the numbers indicate foreign investment is not leaving China.
"Data in the first quarter shows the number of newly registered foreign-funded companies increased 22 percent while actual foreign investment distribution was up 11 percent. Compared with last year's data, the number of foreign firms which have ended their investments was down more than 17 percent and those which have reduced their investments decreased nearly 36 percent. This means foreign investment is not leaving the country since foreign investment inflow outnumbers outflow."
Meanwhile, outbound direct investment (ODI) by non-financial firms surged nearly 30 percent to around 25 billion U.S. dollars in the first quarter.
China has become a net capital exporter for the first time, with ODI outnumbering capital inflows last year.
China Approves Pilot Nuclear Power Project
Anchor:
The Chinese government has approved the construction of nuclear power units using the domestically-developed Hualong One technology.
The Hualong One reactor has been jointly designed by two nuclear power giants, China General Nuclear Power Group and China National Nuclear Corporation.
The National Energy Administration authorized the use of Hualong One technology to build two reactors in southeast China's Fujian Province in November last year.
For more on China's nuclear energy generation, the Beijing Hour's Paul James earlier spoke with Professor Liu Baocheng from University of International Business and Economics.
…
Back anchor: That was Professor Liu Baocheng from University of International Business and Economics speaking with the Beijing Hour's Paul James.
Canton Fair Exhibitors Face Gloomy Outlook
This year's biannual China Import and Export Fair has opened in the southern province of Guangdong.
The fair, also know as the Canton Fair, is the largest trade fair in China.
The event opens as slowing demand and the appreciation of the yuan causes worries that this year's foreign trade prospects might be dim.
Exhibitors attending the fair have expressed concerns about tough export prospects.
An executive with China's leading home appliance maker, Midea Group, says weak demand in Europe coupled with the falling euro means tough trade prospects for the company.
Despite the difficult conditions, Chinese exporters have been trying to increase sales by improving quality and exploring new markets.
At the fair exhibitors are displaying new products to boost business.
The fair's spokesman says companies with strong brands and advanced technology are taking a bigger share, while small firms that lack core technologies are losing customers.
This year's Canton Fair is set to run until May 5.
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