China News Roundups - China's Stock Market Is Likely to Continue Its Recent Rally, boosted by the Country's Economic and

China's stock market is likely to continue its recent rally, boosted by the country's economic and market reforms, this official newspaper said in a commentary. China will strengthen its system that requires listed companies to have independent members in their boards so as to help improve corporate governance, Xiao Gang, chairman of the China Securities Regulatory Commission, said. Sinopec Corp's announcement over the weekend to sell a 107.1 billion yuan ($17.5 billion) stake in its retail unit to a group of 25 Chinese and foreign investors signals that the state-owned giant has quickened its pace to restructure itself to bring in private capital and expertise.
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