China Development Bank to go commercial
2007-08-06 13:14:50
China Development Bank, the country's largest policy-oriented lender, has worked out a plan to transform itself into a commercial bank.
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.
China unit of JPMorgan wins QDII nod
2007-08-06 10:42:14
China International Fund Management Co, part-owned by a unit of JPMorgan Chase & Co, has won regulatory approval to invest overseas as the government seeks to stimulate the outflow of capital.
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.
Categorization of brokerages completed
2007-08-03 16:55:59
China's stock regulator has completed a program to categorize the nation's 100-odd brokers into eleven levels, industry sources said today.
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.
Regulator to boost stake in New China Life
2007-08-03 09:07:20
The nation's insurance regulator has paid 576.77 million yuan to boost its stake in New China Life Insurance and become the biggest shareholder of the company.
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.