Ping An Buys a Controlling 53.4Pct Stake in Shenzhen Development Bank
[2010-09-02]
Ping An Insurance (Group0 Co., China’s second largest insurer, will merge its bank unit into Shenzhen Development Bank Co. in a deal valued at 29.1 billion yuan.
Taiwan's Far EasTone to invest $7Mln in Mainland IT Firm
[2010-09-01]
Far EasTone Telecommunications Co.,plans to buy a 55 percent stake in a Beijing-based information technology firm for 7 million U.S. dollars, marking the first investment in Chinese mainland.
Rural Businesses Help Agricultural Bank of China Boost H1 Profit
[2010-08-31]
Agricultural Bank of China said its pre-tax profit generated by rural businesses rose 81.9 percent from a year earlier, driven by the expansion of business scales and incremental loan-to-deposit ratio.
Foxconn Intl Loss Widens on Rising Costs
[2010-08-31]
Foxconn International Holdings Ltd. said its first-half loss widened to 143 million U.S. dollars in the first six months.
China Mobile's Acquisition of a 20Pct Stake in SPDB Approved
[2010-08-26]
China Mobile's acquisition of a 20 percent stake in Shanghai Pudong Development Bank for 39.8 billion yuan got preliminary approval from China Securities Regulation Commission.
China's Alibaba Announces Purchase of U.S. Auctiva
[2010-08-26]
The acquisitions will add more than 250,000 customers to its overall business, and create access to 7 billion U.S. dollars’ business opportunities annually.
China to Become a Net Exporter of Auto Vehicles By 2015
[2010-08-24]
China is expected to become a net exporter of auto vehicles during the 12th “Five-Year” plan (2010-2015).
China Construction Bank Reports Rising Half-Year Profit
[2010-08-24]
Net profit for the first six months was 70.78 billion yuan while net interest income rose 14.96 percent to 117.8 billion yuan during the same period.
Xinhuanet's IPO Approved
[2010-08-20]
Chinese government yesterday has approved the initial public offering of Xinhuanet.com.cn, one of the ten official websites that plan to go public.
CNOOC Appoints Yang Hua as CEO; Posts Strong Gains in H1
[2010-08-20]
CNOOC appointed former CFO Yang Hua as new President; H1 net profit surged to 25.99 billion yuan for the first half.
China's Solar Photo-Thermal Market Rising
[2010-08-19]
The volume of China’s solar photo-thermal market will reach 22.5 – 30 trillion yuan by 2020.
Everbright Bank Soars on Debut in Shanghai
[2010-08-18]
China Everbright Bank soared on its Shanghai stock market debut Wednesday in the mainland’s second-largest initial public offering that hopes to raise 18.9 billion yuan.
China Angang Steel H1 Net Profit Rises 276Pct
[2010-08-18]
China’s leading steelmaker Angang Steel Co., (000898.SZ/00347.HK) said Tuesday its net profit for the first half year rose 275.94 percent to 2.75 billion yuan from a year earlier
Wall Street Wants to Sell GM Initial Shares
[2010-08-18]
The initial public offering of GM, has generated tremendous excitement on Wall Street, one year after the U.S. manufacture filed for bankruptcy.
China Southern Airline H1 Net Profit Rose 53-Fold
[2010-08-17]
China Southern Airlines posted a net profit of 2.076 billion yuan, a gain of 5363 percent, boosted by strong demand for air travel.
ICBC to Issue $25Bln CBs on June 18
[2010-08-16]
The ICBC plans to issue $25 billion A-share CBs and raise up to 45 billion yuan via a rights issue in Shanghai and Hong Kong.
World Oil Demand Rises to 85.91Mln bpd This Year: EIA
[2010-08-11]
World oil demand is expected to rise 1.57 million bpd this year to 85.91 million bpd.
China Huaxia Bank H1 Profit Surges 80.6Pct
[2010-08-10]
Huaxia Bank Co., (600015.SH) has posted an 80.57 percent year-on-year increase in its first half net profit of 3.008 billion yuan.
Sohu, Alibaba Reach Agreement on Sogou's Search Engine
[2010-08-10]
The restructuring of Sogou by introducing strategic investors including Alibaba will help the Chinese search engine to expand its market shares.
Volve to Compete with Mercede-Benz,BMW: Li Shufu
[2010-08-09]
As the new owner of Volvo, Geely said it would move Volve upmarket and offer a competitor to the BMW 7 Series and Mercedes-Benz S-Class.
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