Index breaks 3,000 barrier

The Shanghai stock market resumed its upward trend yesterday, sending the key indicator up 1.4 percent to a record high of 3,041 points.

Copper futures climb on rally, speculation

Copper futures in Shanghai surged by 4 percent yesterday, helped by a price rally in London and speculation of increased domestic demand.

There has been an apparent dismissal of proposals to link the Hong Kong and mainland stock markets as infeasible.

Sinopec inked agreements to expand a petrochemical project and to jointly market its output with Saudi Aramco and Exxon Mobil.

China Agri-Industries Holdings plans to raise as much as HK$2.6 billion in an initial public offering on the Hong Kong stock exchange.

Baosteel Group Corp, China's biggest steel producer, said yesterday it has not finalized an overseas listing plan.

Jiangnan Mould and Plastic Technology Co last year inked a deal to sell 140 million shares at 1.38 yuan each to another company.

China Minsheng Banking Corp raised US$2.3 billion by selling shares to a group of investors to help fund faster loan growth.

China's stock exchanges issued new rules of regulating their member securities companies in a bid to ward off risks in stock trading.

Bohai Securities Co, a broker indirectly held by the Tianjin municipal government, is planning to issue stocks publicly.

The State Council said it has approved the setup of a joint workforce among seven State agencies to curb illegal securities dealings.

Foreign investors are reportedly rushing into talks with potential Chinese partners on possible mergers and acquisition.