News PM January 8
[2009-01-08]
Regulators Warn Car Insurers Against Monopoly, Five Foreign Investors to Sell Shares of Bank of China, Vantone to Borrow 300 Million Yuan, TCL to Sell Stake in TCL Digital Wuxi, China Suspends Airline Tax on Fuel Surcharges
Central Bank, SAFE Shuffle Top Officials
[2009-01-08]
A Caijing source said the central bank filled two, newly created assistant governor posts. SAFE also launched personnel changes.
Lenovo Lays Off 2,500
[2009-01-08]
Lenovo plans to cut 2,500 jobs outside of China to cope with the recession, while forecasting a quarterly loss.
Mystery Surrounds Bird Flu Death
[2009-01-08]
A 19 year old woman died of bird flu, but no other trace of the dangerous virus was found yet.
News AM January 8
[2009-01-08]
Widow of Tycoon Runs Sinolink, Magnitico to Sell Its Stake in Bank of China, Baosteel Invests in Shanghai-Hangzhou Line, Foton, Daimler to Build Trucks Together, Sugar Reserve to Expand by 500,000 Tons
China's Private Airlines Losing Altitude
[2009-01-08]
Financial troubles and shareholder disputes are rocking the nation’s private airline sector at a tough time for the entire industry.
Bank of America Sells Major Stake in CCB
[2009-01-07]
By selling 5.6 billion shares in China Construction Bank, foreign investor Bank of America pocketed about US$ 1 billion.
News PM January 7
[2009-01-07]
SAAE Plans to Issue 518 Million Yuan in Bonds, CNPC Drills Oilfield in Iraq, Guangxi Expects an Employment Gap of 1.5 Million
Deutsche Bank JV with Shanxi Securities Approved
[2009-01-07]
Deutsche Bank is buying itself into the restricted Chinese securities market, setting up a joint venture with Shanxi Securities.
China Issues 3G Licenses to Telecoms
[2009-01-07]
China issued licenses for the third generation mobile services to three operators.
Jiangsu Developer Investigated for Illegal Financing
[2009-01-07]
Illegal funding went well too long for Leyuan. As the real estate market slumped, Leyuan is unable to pay the price.
Gome Tycoon's Wife under House Arrest
[2009-01-07]
As the financing scandal of Gome founder Huang Guangyu unfolds, his wife is put under house arrest for alleged business crimes.
News AM January 7
[2009-01-07]
China Lowers Aviation Development Target, Jiangsu Leyuan Property Investigated for Illegal Financing, China Unicom Merger with Netcom Completed, First M&A Loans Issued, Central Bank Says It Will Innovate
Buyout Unplugs Another ESOP Power Firm
[2009-01-07]
A Guizhou power generator's takeover was the latest blow to employee stock plans among China's regional power firms.
News PM January 6
[2009-01-06]
CNPC BGP Reports US$1 Billion Overseas Revenue, Tencent Chairman Sells 2 Million Shares, Government to Support Suffering Airlines, Subsidies for Low-Income Chinese, CIC Slows Investment
China to Invest More in the Power Grid
[2009-01-06]
China will focus on beefing up the power grid and developing clean energy.
Officials in Xinjiang Partially Declare Their Incomes
[2009-01-06]
Officials from Altay city in Xinjiang Province made public income statements but scholars doubt their effectiveness.
New Roadmap for Central Huijin's Brokers
[2009-01-06]
In step with the government's 'one control, one holding' policy, a financial bailout agency is revamping its securities firms.
News AM January 6
[2009-01-06]
Profits Drop at State-Owned Companies, China Southern Profits from Jet Fuel Hedging, Zhongjin Lingnan Australian Deal Approved, Sanyuan Stops Leasing Sanlu Equipment, PetroChina Issues 30 Billion Yuan of Bonds
Tough Labor Market Challenges Labor Law
[2009-01-06]
The new labor law, designed to protect employee's rights, is found difficult to implement due to a tough labor market.
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