Chinese shares open 1.17% higher on policy boost over weekend

Special Report:Global Financial Crisis

BEIJING, Dec. 15 (Chinese media) -- Chinese shares opened 1.17 percent higher on

Monday morning on recovered investor confidence as government vowed to stabilize

capital market over the weekend.

Chinese cabinet, the State Council said on Saturday in a statement it seeks

to stabilize its multi-tier capital market in an effort to protect the country's

economy from the ongoing financial crisis.

It urged the completion and start of the Growth Enterprise Board, a

Nasdaq-like entity to help small start-ups raise funds.

The benchmark Shanghai Composite Index opened up 22.82 points at 1977.03.

Shenzhen Component Index on the smaller Shenzhen Stock Exchange opened 1.29

percent higher at 7184.16.

The government also encouraged the expansion of bond issuance, including

corporate bonds, short-term financing bonds and medium term notes.

China Insurance Regulatory Commission also called for insurers to invest in

the capital market directly or indirectly as long-term investors to help boost

consumption and stabilize exports.

China seeks to stabilize capital market to buoy

economy

BEIJING, Dec. 14 (Chinese media)

-- China seeks to stabilize its multi-tier capital market in an effort to

protect the country's economy from the ongoing financial crisis.

The statement was made by the country's State Council, or

the cabinet on Saturday. Full story

China to increase currency and loan supply to boost economy

BEIJING, Dec. 13 (Chinese media) -- China plans to increase its currency supply by 17 percent in 2009, 3 or 4 percentage points more than the combined GDP and price rise, the State Council, or the cabinet, said in an on-line statement on Saturday.

At the same time, the State Council decides to increase 100 billion yuan (14.61 billion U.S. dollars) of loans this year for the country's policy banks, and encourage commercial banks to provide loans for projects with central investment to make it possible that the total loans of financial institutions would increase more than 4 trillion yuan in 2008. Full story

China opens top economic work meeting with focus on stable growth

BEIJING, Dec. 8 (Chinese media) -- China's annual Central Economic Work Conference opened here Monday to set tone for the economic development next year.

Observers believed the three-day event would give priority to efforts to maintain stable economic growth. Full story

Economic planners explain economic stimulus measures

BEIJING, Dec. 8 (Chinese media) -- China's annual Central Economic Work Conference opened here Monday to set tone for the economic development next year.

priority would be given to projects improving people's livelihood, including those in rural areas, housing projects for low-income earners in urban areas, and social undertakings. Full story

China scraps interest tax on stock account balance

　 BEIJING, Oct. 26 (Chinese media) -- China has scrapped the tax levied on the interest income of individual stock account balance, said the Ministry of Finance on Sunday.

The ministry said the decision, effective Oct. 9, aimed at maintaining a stable and healthy development of the capital market. Full story