Minsheng wins approval for private placement
2007-01-19 16:02:59
China Minsheng Banking Corp Ltd has received approval from securities regulators for a private placement of 3.5 billion A-shares, the Economic Observer reported.
Shanghai Pudong unaudited 2006 net profit at US$429m
2007-01-18 16:26:30
Shanghai Pudong Development Bank Co Ltd said its unaudited net profit in 2006 jumped 31 percent to 3.35 billion yuan (US$429 million) from 2.56 billion yuan in the previous year. Earnings per share increased to 0.769 yuan from 0.653 in 2005.
Venture capital favors start-up companies with local knowledge
2007-01-19 14:52:04
What does it take for a venture capitalist to find a company he or she is willing to sink cash and time into? For Xiong Yuzhu, a venture capitalist from WI Harper Group, the answer is reading 300 business plans, 150 face-to-face interviews, and a bit of luck.
Haitong gets green light to trade shares
2007-01-19 15:11:54
Shanghai-based Haitong Securities, China's second-largest domestic brokerage by registered capital, has won regulatory approval to trade its shares on the Shanghai Stock Exchange, a source said yesterday.
Shanghai Diesel censured by regulator over stock investments
2007-01-19 15:24:05
Shanghai Diesel Engine Co Ltd, a unit of Shanghai Electric Group Co Ltd said it has been censured by the securities regulator for improperly investing up to 900 million yuan (US$115 million) in the stock market and asset management products.
BoCom plans to return to mainland stock market
2007-01-19 16:16:27
Hong Kong-listed Bank of Communications (BoCom) plans to issue 4.5 billion A-shares and list on the Shanghai Stock Exchange in 2007.
CITIC Guoan sells CITIC Securities shares
2007-01-19 15:29:29
CITIC Guoan Information Industry Co Ltd said it gained 294 million yuan (US$37.5 million) from the sale of 17.37 million shares in CITIC Securities Co Ltd, equivalent to a 0.57 percent stake, at market prices.
Changjiang Securities plans new backdoor listing via Sinopec
2007-01-19 15:05:14
Changjiang Securities is negotiating with China Petroleum and Chemical Corp (Sinopec), the country's largest refiner, to pursue a backdoor listing via a Sinopec unit, the Shanghai Securities News reported.