China's national social-security fund says it is reducing exposure to the nation's soaring stock market, the latest sign that professional money managers are uneasy about its lofty levels.

Bank of Communications Is Poised for a Firm Debut__Wall Street Journal
Bank of Communications Co. raised 25.2 billion yuan ($3.26 billion) from its initial public offering of Class A stock, after pricing the shares at the top of their proposed price range.

U.S. Firms Expect Further Growth in China__Wall Street Journal

For the second time in less than two months, a drop in Chinese stock prices rattled markets across Asia and was felt modestly in Europe and the U.S. Investors said Chinese stocks are becoming a measure of their tolerance for risk everywhere.

China Citic Bank IPO to raise $6bn__Financial Times
China Citic Bank, the mainland’s seventh largest lender, is to raise $6bn in the world’s biggest initial public offering this year, according to people familiar with the situation.

US, Europe differ on Chinese growth__Financial Times
US financial services industry hopes China’s growth figures will encourage China to open up its banking sector and manufacturers look for pressure on the renminbi, while European Commission welcomes signs of growing export market

Exchange-traded funds have experienced a series of glitches, with some diverging widely from the performances of benchmarks they are supposed to mirror.

China stocks fall 5% on fears of tightening__Financial Times
China’s stock market dropped nearly 5 per cent, the sharpest since February 27 when a Chinese correction was blamed for triggering a global sell-off, on concerns the government might act soon to slow soaring valuations.

Soaring China GDP sparks rate fears__Financial Times
China’s economic growth hit 11.1 per cent in the first quarter, driven by a swelling trade surplus and strong consumption, fuelling concerns that the government may take further tightening measures to rein in the economy.

Gome said its 2006 net profit rose 64%, helped by China's booming consumer-electronics retail industry.

Chinese Bank Set To Draw Investors For Planned IPO __Wall Street Journal
Oil Refiner Prices First China Bond Based on Shibor__Wall Street Journal
Oil refiner ChemChina Group has priced China's first corporate bond based on the recently launched Shanghai interbank offered rate.

China Reins In Building __Wall Street Journal
China issued an edict yesterday to clamp down on the construction of extravagant office buildings by local governments, reflecting the central government's continuing struggle to curb local authorities' spending and to rein in escalating property prices across the country.

Chinese investors in share-buying frenzy__Financial Times
Chinese retail investors are opening new share trading accounts at a faster rate than ever before, in spite of increasing signs of a bubble in the mainland market.

China banks set to grow at a slower pace__Financial Times
After transforming themselves from technically insolvent lenders in just a few years, the reign of China’s large state-owned banks as the darlings of the global investment community could be nearing its end.

Having hit a wall with their most ambitious plans in China and India, some private-equity firms are snapping up minority stakes, often for less than $100 million, instead of pursuing large acquisitions.

China Opens Fair to Importers __Wall Street Journal

A growing pool of entrepreneurs in China is fueling the demand for high-end cars. The newly rich are casting off decades-old qualms about displaying wealth in this nominally communist country.

Reclassification ends HSBC’s hopes for BoCom__Financial Times
Canny investors into China know it pays to take the long view. That is certainly the case with HSBC and its investment in Bank of Communications, one of the mainland’s largest lenders.

Asian finance officials plan to meet Thursday to discuss controlling incoming capital amid concerns about speculative foreign investors.

US files WTO cases to stem China piracy__Financial Times
US makes ambitious bid to prise open Chinese market by filing two legal cases at the WTO aimed at persuading Beijing to tear down barriers to US goods and to criminalise piracy.

Tainted foods from China are becoming a growing problem. Chemical use is high, regulations are lax, and while the FDA has the authority to check imports, it is able to physically inspect only a small fraction of them.

US pressure on Beijing divides industry__Financial Times
US industry is divided over a decision by the Bush administration to file two cases against China at the World Trade Organisation over restrictions on foreign media and piracy.

Strike pays off for Shenzhen port workers__South China Morning Post
Hundreds of workers at Shenzhen's Yantian port, which is partly owned by Hutchison Port Holdings, ended their strike yesterday morning after winning pay rises and a management promise to let them join a trade union.

China Citic Bank, ahead of a planned dual listing, will offer subscriptions for Class A shares later this month.

Chinese Union Faults Yum, McDonald's__Wall Street Journal
China's main trade union stepped up the pressure on McDonald's Corp. and Yum Brands Inc., accusing the fast-food giants of violating labor laws by underpaying part-time workers in the southern city of Guangzhou.

Can Asia Control the 'Hot Money'?__Wall Street Journal
Japan Inc yields to China’s lure__Financial Times
A troubled past appears to be forgotten, as business booms between Japan and China.

East Asia warned of ‘middle income trap’__Financial Times
East Asia’s emerging economies’ recovery from the 1997 financial crisis has been impressive but further reforms are required to secure the gains, the World Bank said.

China is drafting plans to purchase $12.5 billion of U.S. goods ahead of a trip by top officials to Washington in May.

China Probes Student Pay __Financial Times
Authorities in the southern Chinese city of Guangzhou say they soon will conclude an investigation into employee-pay practices at Yum BrandsMcDonald's Corp., in a case that highlights the ambiguities of China's thicket of overlapping and sometimes contradictory labor regulations.

Volkswagen Plant in China To Focus On Fuel Efficiency__Wall Street Journal
China replaces central bankers__Wall Street Journal
China's central bank said it replaced two members of its policy-making board in late March.

Chinese Regulator To Raise Scrutiny Of Capital Inflows__Wall Street Journal
China said it will strengthen its checks of short-term capital inflows, suggesting growing concern about the money flowing into the country.

Tapping Into Big Savings Of Individual Chinese__Wall Street Journal
In his 35th-floor office overlooking the Shanghai Bund, Citigroup Inc.'s long-serving China chief, Richard Stanley, a veteran of some of Asia's biggest financial turning points, keeps a plaque next to his phone that reminds: "never, never, never quit."

China funds miss benchmarks __Financial Times
More than 95 per cent of Chinese domestic equity funds under-performed their benchmark in the first quarter of this year, because managers were forced to hold an unusually high level of cash to cope with a sharp rise in fund flow volatility.

China sets investment target for its national pensions fund __Financial Times
China's $42bn (£21.4bn, €31.5bn) state pension fund would need at least $200bn in assets within five to 10 years to generate sufficient returns for pension payments, the fund's chairman said.