BYD's Last Sprint to Champion Crown
Time for BYD is running short.
Shares of Qihoo Surge 134Pct in NYSE Debut
The shares of Qihoo 360, a popular anti-virus software provider in China, surged 134.45 percent in their debut on the New York Stock Exchange on Wednesday.
Chinese Banks Report Net Profits
Net profits for Agricultural Bank of China, Industrial and Commercial Bank of China, China Construction Bank, and Shanghai Pudong Development Bank grew 46 percent, 28 percent, 26.3 percent, and 45.10 percent respectively in 2010.
China Searching Giant Faces Boycott from Chinese Writers on Copyright
Chinese searching giant Baidu has come under fire recently, with a group of authors accusing its document sharing website, Baidu Wenke of infringing copyrights of the unlicensed copies of their work uploaded by Baidu users.
China to Raise Rare Earths Tax From April 1
The resource tax rate for mined light rare earths will be 60 yuan per ton, while medium and heavy rare earths will be taxed at 30 yuan a ton.
China Telecom Plans to Purchase Wireless Network From Parent
China Telecom Corp, the country’s largest fixed-line carrier, plans to buy the CDMA mobile phone network for its parent company funded with debt.
Qihoo to Issue 12.1Mln ADSs in IPO
Qihoo 360 plans to issue 12.1 million American Depositary shares (ADS), after the security software maker’s initial public offering of up to 151 million U.S. dollars is three times oversubscribed.
China ZTE Wins Bid for Malaysia Wireless Network Construction
ZTE Corporation has signed an agreement with Malaysia’s telecom operating giant U MOBILE to deploy a high-speed wireless network across Malaysia.
Zhang Dazhong to Replace Chen Xiao as Gome CEO
Gome’s chairman Chen Xiao will be leaving his post and Zhang Dadazong will take helm at Gome after his departure, sources said. An official statement is expected to be released today.
China Aviation Company AVIC Faces Scrutiny in Buying U.S. Plane Maker
China’s state-run aviation giant, Aviation Industry Corporation of China, is facing U.S. government scrutiny in its proposed purchase of a Minnesota-based small-aircraft maker announced last week.
China's State Web to go Public in June
[2011-03-07], the online news portal of the official organ newspaper, The People’s Daily, is eyeing an initial public offering (IPO) as early as in June.
China Banks can survive 30Pct Housing Price Fall: Official
Stress tests have found that Chinese banks are able to withstand a 20~30 percent fall in housing prices, according to a CBRC official.
China Gezhouba Group Suspended a CNY5.54Bln Project in Libya
Some of the companies suffered huge direct economic losses after unrest spread along with attacks and robberies, causing injures to some Chinese employees.
GDB Planning a Dual Listing in Shanghai, Hong Kong
Guangdong Development Bank (GDB), a mid-size national bank, is planning a dual listing in Shanghai and Hong Kong, aiming to raise at least 30 billion yuan, according to sources.
JPMorgan, Fidelity Seek to Enter China via Trust Venture –media
JPMorgan and Fidelity are now seeking to invest in Chinese trust companies as the sector attracts a new wave of foreign investor interest.
Alibaba to Make $1.7Mln in Compensation to Fraud Victims
China’s biggest electronic-commerce company said today it will pay 1.7 million U.S. dollars in compensation to more than 2,200 victims in the latest supplier frauds that prompted the chief executive officer to quit.
China Everbright Bank to Conduct Hong Kong IPO This Year
China Everbright Bank will issue no more than 12 billion shares in Hong Kong, the bank announced Sunday.
China Sets to Regulate Rare-Earth Industry with Reasonable Quota
China sets to further regulate the rare earth industry by imposing more restrictions on mining and production while setting a “reasonable” export quota over the next five years
Huawei’s U.S. Patent Purchase Hindered by Security Review
A patent purchase by Huawei, China’s largest telecom company, was held back by U.S. security review with a U.S. panel asking the company to divest itself of a small technology company it bought in May.
China Sets Rare Earth Mining Zones to Tighten Regulation
China has recently laid out the first group of 11 regions for rare earth mining, highlighting its effort to strengthen regulation on the precious minerals.
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