BEIJING, July 26 (Xinhua) -- China's domestic smartphone makers continue to battle foreign rivals as they post bigger market shares in the second quarter of this year, industry statistics show.
Chinese shares kept recovering on Monday, with the benchmark Shanghai Composite Index up 0.88 percent to close at 3,992.11 points in the day.
Chinese Internet finance players are having mixed feelings about a raft of new policies designed to regulate the rapidly growing sector.
A Chinese auto show has reported surging sales of 5.7 billion yuan (922 million U.S. dollars) as car dealers cut prices to clear inventories.
Investors at the Nairobi Securities Exchange (NSE) lost about 390 million U.S. dollars this week as the market recorded a major decline.
China's central bank said Thursday it will continue to support liquidity need of China Securities Finance Corporation Limited (CSF), the national margin trading service provider, to stabilize a tumbling stock market.
China's state asset regulator ordered the country's centrally administered state-owned enterprises (SOEs) not to sell shares in their listed companies amid the "abnormal market volatility", joining the concerted efforts to stem massive sell-offs in the stock market.
China's state-owned margin trading service provider will support the tumbling stock market by increasing share purchase and offering brokers liquidity aid, the country's top securities watchdog said Wednesday.
China's central bank vowed to support China Securities Finance Corporation Limited (CSF), the national margin trading service provider, in their efforts to get liquidity and steady the stock market.
Chinese shares showed signs of stabilization on Monday as China tries to underpin a stock market plagued by repeated plunges.
Stock markets in the country rise by by nearly 8% before slipping back as Beijing attempts to prevent more massive losses.
China's securities regulator said Sunday night that the China Securities Finance Co., Ltd. (CSF) would raise funds through multiple channels and expand its business scale to help keep the stock market "stable."
China's securities watchdog announced late Thursday it will investigate suspected manipulation of the stock market as experts fail to explain worst collapse in years.
Despite China's recent stock market plunges, analysts remain upbeat about the market's health due to sound economic fundamentals.
The central parity rate of the Chinese currency renminbi, or the yuan, strengthened by 11 basis points to 6.1137 against the U.S. dollar on Friday, according to the China Foreign Exchange Trading System.
The Australian share market opened slightly stronger on Friday after declining 4.7 percent in the four sessions to Thursday.
Sentuo Steel Limited, a Chinese Steel manufacturing company in Ghana, said here on Tuesday it was ready to break into the West African market.
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