Two banks raise housing loan interest rates
2007-09-20 15:21:29
China Merchants Bank and China Everbright Bank's Shanghai branches simultaneously announced a rise in fixed interest rates for housing loans yesterday.
Alcoa sells stake in China's Chalco for US$2 billion
2007-09-13 12:42:28
Alcoa Inc, the biggest US aluminum producer, has sold its nearly 7 percent stake in China's largest aluminum maker for US$2 billion.
CITIC Securities to merge fund firms
2007-09-13 10:02:19
CITIC Securities, China's biggest listed brokerage, said on Thursday it would merge its two fund management firms to strengthen the business.
SOEs in list of most admired
2007-09-13 09:55:56
State-owned enterprises (SOEs) now find themselves in the list of the world's most admired companies chosen by Fortune magazine.
CITIC Securities wins private equity approval
2007-09-11 11:40:27
CITIC Securities said on Tuesday it had won approval to operate a private equity business on a trial basis.
Bank of Beijing sets IPO target at 15b yuan
2007-09-11 09:48:58
Bank of Beijing said yesterday it will raise as much as 15 billion yuan (US$1.99 billion) in a Shanghai initial public offering (IPO).
Blackstone takes 20% in BlueStar
2007-09-11 09:13:13
Private equity firm Blackstone Group will spend US$600 million for a 20 percent stake in China National BlueStar (Group) Corp.
China Mobile prepares for mainland listing
2007-09-08 11:40:03
China Mobile, the country's largest mobile phone provider, is now actively preparing for listing on the mainland stock market.
Baosteel nods to Hebei venture
2007-09-07 09:00:00
Baosteel has approved a proposal to set up a joint venture with Handan Iron & Steel Group to invest in a steel project in Hebei Province.
BT Group ramps up investment in China
2007-09-07 09:24:39
Leading telecom operator BT Group will invest over US$70 million in China as part of its efforts to double revenue in the country by 2009.
China Mobile to mix profit, responsibility in Pakistan
2007-09-07 09:06:44
China Mobile Communications Corp aims to export its experience of balancing social responsibility with business growth to Pakistan.
COSCO to buy 412 dry-bulk ships
2007-09-05 10:24:20
China COSCO Holdings surged in Hong Kong trading after reaching an agreement to buy the world's largest fleet of dry-bulk ships.