China Eastern may consider partnership with Air China
2008-01-15 17:10:28
China Eastern Airlines has softened its stance on the impossibility of considering a bid from Air China's parent company for partnership with the country's flagship carrier.
CITIC Bank estimates doubling in net profit for 2007
2008-01-15 16:09:12
China CITIC Bank estimated its net profit for 2007 was more than double the previous year's figure of 3.73 billion yuan.
China Life, UnionPay ink co-op deal
2008-01-15 14:24:00
China Life has inked an all-around deal with China UnionPay, the nation's largest credit card service company.
Shanghai port to take majority stake
2008-01-15 09:27:54
Shanghai International Port Group Co(SIPG), China's largest port by cargo throughput, yesterday said it will take a majority stake in the proposed joint venture with Jiujiang port.
Two banks apply to make insurance investments
2008-01-14 09:21:03
Bank of Communications and Bank of Beijing have filed applications to invest in insurance companies, the China Securities Journal reported.
CNAHC seeks partnership, not merger, with China Eastern
2008-01-11 10:41:25
China National Aviation Holding Company (CNAHC) will seek a partnership, rather than a merger, with China Eastern Airlines in its counter-offer for the rival carrier.
Bull market boosts Haitong
2008-01-11 09:29:22
Haitong Securities Co, China's second largest publicly traded brokerage, said profit increased eightfold last year as it traded more stocks and mutual fund units for clients.
SAIC Motor ranks 1st in domestic vehicle sales
2008-01-09 16:41:23
China's Shanghai Automobile Industry Corporation (SAIC) sold more than 1.69 million motor vehicles in 2007, a growth of 25.8 percent over the previous year.
CNPC to have command center on oil dispatch
2008-01-09 16:23:40
China National Petroleum Corporation will install a command center on the distribution of refined oil products this year to improve supply efficiency amidst oil shortage.
Airline's share sale rejected
2008-01-09 10:02:52
China Eastern Airlines said yesterday that it would not merge with Air China despite its failure to secure shareholders' support for a proposed share sale to Singapore Airlines.
CNPC to add stations
2008-01-09 09:35:13
China National Petroleum Corp (CNPC), the country's largest oil producer, plans to open 60 gasoline and natural gas filling stations in Chongqing to boost business in the region.
Huaneng output powers up 16%
2008-01-09 10:12:57
China Huaneng Group, the nation's largest power producer, said yesterday it produced 16 percent more electricity last year, after adding plants to meet rising demand.