Hong Yuan says H1 profit may surge 22-fold
2007-07-10 12:56:13
Hong Yuan Securities Co said its first-half profit will probably surge 22-fold, boosted by higher transaction fees amid a stock market rally, Bloomberg News reported today.
Brokers gearing up for IPOs
2007-07-10 09:36:43
Orient Securities Co and Everbright Securities Co are preparing to sell stock to the public, the two companies said in separate statements in the Oriental Morning Post.
Newbridge to sell back stake in Guanghui
2007-07-10 09:32:36
U.S. private equity Newbridge Capital will sell back its US$33.8 million investment in Xinjiang Guanghui LNG Development Co, the parent of Xinjiang Guanghui said over the weekend.
TCL to produce TD-SCDMA handsets
2007-07-09 08:54:41
Mobile phone manufacturer TCL Communication Technology Holdings Ltd will produce trial TD-SCDMA handsets by this October, the company announced last week.
CNPC bought overseas exploration rights
2007-07-09 08:25:26
China National Petroleum Corp has bought the rights to explore for oil in Canada. The company will develop an oil-sands field that is estimated to contain about 2 billion barrels of a thick and hard-to-process form of oil called bitumen.
Social security fund signed trusteeship deal with ICBC
2007-07-09 14:11:16
The National Council for Social Security Fund signed a trusteeship agreement with the ICBC Friday.ICBC becomes the third entrusted bank of the fund
Yangtze Power wants a stake in Datang Mobile
2007-07-06 12:27:54
China Yangtze Power Co has confirmed media reports that it wants a stake in the developer of China's own cellular phone standard.
Minsheng bank's 1st quarter profit up
2007-07-06 08:21:38
China Minsheng Banking Corp said first-half profit surged more than 60 percent as it extended more loans and demand for services such as wealth management increased.
Share reform for State company
2007-07-06 08:10:49
A major restructuring project is under way in Hudong Heavy Machinery. The goal is to make Hudong into an even bigger State-controlled heavyweight in the capital market.
Chalco aims to buy out Baotou to consolidate
2007-07-04 13:00:07
Aluminum Corp of China will buy out sister firm Baotou Aluminum Co in a share-swap deal worth 15.3 billion yuan, as the domestic industry leader tries to consolidate to rival global giants.
CCB and Ping An are planning to form JV
2007-07-04 12:51:35
China Construction Bank Corp and Ping An Insurance (Group) Co are planning to form a joint insurance venture, the China Securities Journal said.
Zhenhua got US$200 mln order
2007-07-04 09:00:03
Zhenhua Port Machinery, a major Chinese maker and exporter of container cranes and other port equipment, said yesterday it had secured a US$200 million order from Dubai Ports World.