摘要
TO THE POINT:The Chinese Government raised refined oil prices for the first time in 10 months after shortages of gasoline and diesel were exposed.The Chinese over-the-counter derivatives trade bloomed in the first three quarters and the debut of forward rate agreement trading starting on November 1 is likely to add fuel to the market.Following HSBC,the London-based Standard Chartered Bank decided to set up its first village bank in rural China with Inner Mongolia as its first choice. The Bank of Communications became the first Chinese commercial bank in history to invest in a trust company, and much more such alliances are expected in the future. Meanwhile,by the end of October,all listed companies in the mainland yuan-denominated A-share market had issued their quarterly reports.Finally,we also look at the iron and steel sector in this issue with highlights from the top three steel companies’ reports.
