Tag: China

  • China’s first exchange-traded fund starts trading

    BEIJING, Feb. 23 — The mainland’s first exchange-traded fund, or ETF starts trading Wednesday on the Shanghai bourse. The move is aimed at helping to develop the nation’s fledgling stock markets. More than six billion units of Shanghai 50 ETF’s are being listed on the Shanghai Stock Exchange on Wednesday. The index ETF funds are…

  • A Slow Boat to Yuan Devaluation

    With a too-hot economy, China knows it has to change its fixed currency system. But all options are risky, hence Beijing’s foot-dragging “Soon,” “someday,” “drop dead” — such are the responses from Beijing officialdom when asked for the umpteenth time about when China will overhaul its fixed currency regime. One hopeful remark electrifies the currency…

  • Venture capitalists see golden opportunity in China

    Venture capitalists across Silicon Valley are falling for China. Tom Shields, partner at the Woodside Fund, sticks a teach-yourself-Mandarin CD into his car player as he heads to his office in Redwood Shores. Down the Peninsula, Joseph Tzeng, partner at Crystal Ventures, packs for another trip to Beijing. He’s teaching himself to skip breakfast and…