-- CWT International's (HKG:0521) indirect non-wholly owned subsidiary, Straits Financial Services, received approval from the Shanghai Futures Exchange and Guangzhou Futures Exchange to be an overseas intermediary futures broker, according to a Tuesday Hong Kong bourse filing.
Shares of the logistics services provider were up nearly 7% in Wednesday morning trade.
The qualification allows the unit to assist international clients in trading products listed on both exchanges, the filing said.
Beijing generated 22.4 billion yuan in tourism revenue during the five-day May Day holiday, a 6.6% year-on-year increase, according to the Beijing Municipal Bureau of Culture and Tourism.China's capital city received 18.8 million tourist visits, up 5.1%. Inbound visits rose 22.3% to 128,000, with spending reaching 1.38 billion yuan.Beijing hosted over 2,000 cultural activities, including 1,684 live performance sessions, generating 260 million yuan in box office revenue.
China's railway network carried over 100 million passengers during the May Day holiday, according to China State Railway Group.As of May 4, trips reached 117 million over the holiday period, which ended Tuesday.A single-day record of 20.4 million passengers traveled on May 4.With return journeys surging, 23 million trips are expected Tuesday, supported by 2,225 additional services.Popular destinations include Beijing, Guangzhou, Shanghai, Chengdu and Shenzhen.
Pangrim (KRX:003610) plans to retire about 4.09 million treasury shares, valued at 23.9 billion won, according to a Wednesday filing with the Korea Exchange.The shares will be retired on May 20 at a par value of 500 won apiece.Shares of the textile manufacturer fell more than 2% in recent trade.