Bank of Ningbo net surges
2007-08-07 16:31:03
Bank of Ningbo Co Ltd, a Chinese lender which raised 4.14 billion yuan in an IPO last month, said audited first-half profit surged 41 percent on higher loans to domestic companies.
Question mark over Angola project, says Hangxiao Steel
2007-08-07 08:49:43
Hangxiao Steel Structure said yesterday the 34.4 billion yuan construction project, which it was to undertake in Angola, has run into rough weather as a result of an unexpected delay.
Strong sales drive up profits by 66 percent
2007-08-07 08:46:05
China's top 16 automotive groups chalked up a two-thirds increase in first-half combined profits, boosted by buoyant vehicle sales, an industry association said yesterday.
Twenty-one Chinese firms list overseas in 2nd quarter
2007-08-06 13:09:12
Altogether 21 Chinese enterprises issued initial public offerings on overseas markets in the second quarter of the year, raising US$11.5 billion, a private equity service provider said.
Listed developers win Tianjin land auctions
2007-08-06 09:18:23
Two Shenzhen-based developers said Saturday that they have won land auctions in the northern port city of Tianjin for a combined 3.3 billion yuan to cash in on the country's housing market.
China may inject $40b into Agricultural Bank
2007-08-06 08:48:48
Central Huijin plans to inject US$40 billion into the Agricultural Bank of China, the only one of the big four state-owned commercial banks that remains unlisted, a newspaper reported.
Wuhan Steel to buy stake in Kunming Steel
2007-08-03 16:47:15
Wuhan Iron and Steel Corp has agreed to pay more than 3 billion yuan for a 48.41 percent stake in the flagship subsidiary of smaller rival Kunming Iron and Steel Group.
Sinopec pipeline approved
2007-08-03 08:37:58
China's top economic planner has given Sinopec the nod to build a pipeline from gas-rich Sichuan to South China, a source from Asia's top refiner said yesterday.
SAIC's recent tie-up may trigger some growing pains
2007-08-02 15:26:27
In the eyes of many investors, bigger is better for Shanghai Automotive Industry Corp - but there's no guarantee a greater size would smooth the road for China's leading car maker.
Two stock funds raise US$1.59b each
2007-08-02 12:56:27
Dutch bank ABN AMRO's fund arm in China and Great Wall Fund Management Co have raised 12 billion yuan each for stock funds they recently launched, underscoring bullish sentiment in the local stock market.
Another listing candidate may leave
2007-08-02 08:51:38
Jinduicheng Molybdenum Group, China's largest producer of the transition metal, is considering abandoning a simultaneous listing on the mainland and Hong Kong and will stick with public offering in Shanghai exclusively.
Baosteel acquisition deal approved
2007-08-01 16:44:55
Baosteel Group Corp became the controlling holder of Xinjiang Ba Yi Iron & Steel Co, listed in Shanghai, as the government approved the company's acquisition of Ba Yi's parent.