PetroChina Widens Refining Loss in April
PetroChina sustained a refining loss of more than 5.0 billion yuan ($768 million) in April.
Electricity Power Shortages Spreading Across the China
Electricity power shortages are spreading across China, with local governments in Zhejiang, Jiangsu, Anhui and other provinces began to ration power in recent months
Phoenix New Media Launched an U.S. IPO
Phoenix New Media Limited launched an initial public offering Thursday on New York Stock Exchange, amid recent spate of listings in the United States by Chinese companies
Alibaba Chief Jack Ma Takes Full Control of Alipay From Alibaba
Alibaba Group has transferred ownership of online payments company Alipay to a new company controlled by Jack Ma, chief of Alibaba.
Tencent Tops Huayi Brothers' Outstanding Shares via CNY444.8 Mln Deals
Tencent Holdings Ltd has topped Huayi Brothers’ outstanding shares after it acquired a combined 444.8 million yuan of deals together with persons acting in concert.
Unilever Fined for Spreading Price Rise News amid China's Tightening Control
China's economic planner said today it has fined the consumer product giant Unilever Plc 2 million yuan (308,000 U.S. dollars) for spreading news of possible price rise in some products.
China Railway Ministry Reports Q1 Deficit of 3.76Bln Yuan
China’s Ministry of Railways reported a deficit of 3.76 billion yuan in the first quarter of this year on rising material prices.
Shares of Renren Rose 28.64Pct on First Trading Day
Shares of Renren rose 28.64 percent in their U.S. stock market debut Wednesday, closing at 18.01 U.S. dollars from the offering price of 14 U.S. dollars.
China to Launch Variable Annuity Soon: Insurance Regulator
China insurance companies will trial a new product, variable annuity, to enrich the investment-linked product options for policyholders.
PetroChina Q1 Profit Up 14Pct as Gains in Production, Sales Offset Refining Losses
Profits in the first quarter for PetroChina Ltd., the public trade unit of China’s biggest oil and gas company, rose 14 percent from a year earlier, as refining losses are offset by gains in crude oil production and sales.
Yum Eyes a Full-Control over China's Little Sheep
World's largest fast food restaurant company Yum Brands Inc. has made a preliminary offer to buy the remaining stake in the Little Sheep.
Seven Chinese Cities Listed as "High Risk" in Latest Property Stress Tests
Seven Chinese cities, including Beijing, Shanghai, Shenzhen, Guangzhou, Chongqing, Hangzhou and Nanjing are listed as “high risk” in the latest banks’ stress test to assess a possible plunge in property prices.
Gome Launched a New E-Commerce Site
Gome’s new e-commerce website will contribute 10 percent of sales of the group within three years.
China Facing Contagious Oil Supply Strains
Gasoline and diesel supply strains have been spreading to most of China on higher price and growing demand.
China Bank Regulator Orders a New Stress Test on Property Price Fall
China's banking regulator on Tuesday has ordered financial institutions to conduct a new round of stress test as developers may feel pressures over continuing tightening measures in property.
Chinese Social Network Files for U.S. IPO
China’s largest social network, Renren, has filed for a U.S. IPO to raise up to 58.4 billion U.S. dollars, the first of the country’s networking sites aiming to tap the U.S. capital market.
ExxonMobil Enters Agreements with Chinese Oil Giants over LNG Transportation
ExxonMobil will supply 2 million tonnes of LNG from Papua New Guinea annually for China Petroleum and Chemical, or Sinopec, and 2.25 million tonnes of LNG from the Gorgon gas filed in Australia for China National Petroleum Corporation, or PetroChina.
Rising Oil Prices, Policy Restrictions Pull Down China Auto Sale Growth in Q1
New Chinese car sales stood at 4.98 million units in the first three months, marking a sharp decline of 63.7 percent in growth from the same period of last year.
China Should Extend Home Purchase Restrictions: Think Tank
China's tightening measures in property, including higher down payments and stricter home purchasing restrictions, should be translated into a medium and long-termed policy that falls into five to ten years.
Property Sales Dropped Sharply in Beijing on Home Purchase Restrictions
Property sales have dropped sharply in Beijing after the country imposed strict home purchase restrictions this year.
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