China to Launch Securities Margin Trading Soon
China's securities regulator announced yesterday (Oct 5th) that it will soon launch margin trading business for securities firms, which has long been expected by the market. The business, allowing traders to borrow part of the money necessary to buy a security or borrow securities to sell, and practiced in most stock exchanges across the world, could change the current one-way trade on both the Shanghai and the Shenzhen stock markets and serve as a risk aversion tool for investors. Sources with the China Securities Regulatory Commission (CSRC) identified the principle of starting the business as "test run first and to be extended gradually".
China Quality Watchdog: New Liquid Milk Supplies Melamine Free
The country's quality watchdog said on Saturday that no melamine was found on the latest sample tests of liquid milk on China's market. According to General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) 609 samples of liquid milk from 27 cities across China were found melamine-free.
(Photo from xinhuanet.com)
45 More Bus Routes to Open in Guangzhou
Guangzhou Communications announced yesterday (Oct 5th), that the city will develop an additional 45 bus routes for medium-sized and mini buses. 30 of them will be put into operation by the end of this year in an effort to improve public transportation.
Trip to Thailand to Resume Some of Guangdong's travel agencies said that as the situation in Thailand has now returned to normal, traveling to Thailand will be resumed after the National Day Golden Week Holiday. Thailand has long been the hot outbound destination for Chinese tourists.
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