PetroChina to Buy Canadian Gas for $5.4Bln
PetroChina has agreed to pay C$5.4bn (US$5.4bn) for a 50 percent stake in a large natural gas field in western Canada owned by Encana,
Year of the Rabbit May Bring More U.S. Opportunities for Chinese Investors
Fortunately for Chinese investors, 2011 is not an election year and thus the political wildcard is less likely to come into play.
ICBC to Acquire 80Pct Stake in Bank of East Asia Network
Industrial & Commercial Bank of China Ltd., has agreed to acquire 80 percent of stake in Bank of East Asia Ltd.’s U.S. operations, the first foray into the U.S. market.
CNHTC Jinan Truck's Unit Involved in Qilu Bank Fraud
CNHTC Jinan Co Ltd. said on Thursday a subsidiary was involved in the Bank of Qilu's commercial paper fraud that could threaten the repayment of 500 million yuan worth of deposits.
China will Continue with Rare Earth Supply, Says Li Keqiang
Though China controls just 36 percent of the world’s rare earths reserves, it supplies 97 percent of global demand.
China to Cast a Broader Regulatory Net over Rare Earth Industry
China’s first rare earth waste emission standard is expected to be put into effect in 2011;an ad valorem tax is likely.
Zijin Mining Officials Fined over 700 Mln Yuan
Zijin Mining Group Co. Chairman Chen Jinghe was fined 705,997 yuan ($106,566) and Vice President Zou Laichang 449,768 yuan.
China SPBD to Form JV with Silicon Valley
Shanghai Pudong Development Bank and Silicon Valley Bank of the U.S. plan to jointly set up a bank in China that will serve small- and medium-size technology companies.
China Guoxin Asset Management Company Set up
Former Chairman of Baosteel Group Xie Qihua will become chairman of the new company and Liu Dongsheng, a senior SASAC official, will hold the post of president.
Ansteel Unveils Asset Replacement Plan with Pangang
Pangang V&T will acquire 100 percent of stake in Anqian mining, Angang Hong Kong Holdings, and Angang’s Macao unit.
Sinopec Buys OXY's Argentina Assets for $ 2.4Bln
China Petrochemical Corp, parent of Sinopec Corp, has signed an agreement with U.S.-based Occidental Petroleum Corp. to acquire its Argentina unit’s oil and assets for 2.45 billion U.S. dollars.
ZTE Wins $850 Mln UMTS Contract with India’s Aircel
ZTE has won a UMTS contract worth 850 million U.S. dollars with service provider Aircle in India to build and deploy its 3G network.
Brazil's Vale to List in Hong Kong on Dec.8
The Sao Paulo-based Vale said it would list about 652 million common shares and class A preferred shares on the financial hub’s bourse, making it the largest listed foreign company in non-financial sector.
China to Introduce Property Tax over Next 5 Yrs
China will gradually introduce a property tax over the next five years across the whole country,a government official said on Thursday.
GIC Becomes Second Biggest Share Holder of CICC
The Government of Singapore Investment Corp will become the second-largest share holder of China Investment Capital Corporation (CICC) after it receives a substantial stake from Morgan Stanley for its exit.
Industrial Bank, China Unicom Joint Hands in Mobile Payment Service
Industrial Bank said it had signed a strategic agreement with China Unicom, targeting at co-operations in mobile payment and mobile banking areas.
China Unicom's New iPhone Regulation Violates Government Rules
China Unicom’s new regulation to deter scalpers violates government rules and is likely to create adverse effect on the country’s second-largest wireless operator.
Dangdang to Raise $204Mln via U.S. IPO
Dangdang hopes to raise 204 million U.S. dollars via its 17 million American depositary shares of U.S. IPO on the estimated date of December 8.
Gome Taps Coo8 for E-Commerce Opportunities
Gome set its online sales target at 20 to 25 billion yuan by the year 2014, after it reached agreements with Kuba.
Chinese Government to Probe Tencent, Qihoo
Investigations will be conducted over the illegal business practices of the two companies, and the two should be fully co-operate with inquiry, the MIIT said.
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