Nanjing and Ningbo city banks set to be first to launch IPO
2007-06-20 13:28:35
Bank of Nanjing and Bank of Ningbo are expected to become China's first two city-level commercial banks to raise funds by going public, Shanghai Securities News reported yesterday.
Southern Airlines cooperate with Continental
2007-06-20 08:37:33
Continental Airlines Inc of the US said it reached a marketing agreement with China Southern Airlines Co, as flights between the two countries are set to more than double.
Credit cards fully launched in Huaxia
2007-06-20 08:24:54
Huaxia Bank has launched a full range of credit cards in China. The move is an important initiative in Huaxia's retail banking development, said the bank's president.
Baosteel cleared to complete Bayi deal
2007-06-19 14:09:45
China's securities watchdog has approved Baosteel Group Corp's plan to buy control of smaller Xinjiang Bayi Iron & Steel Group, according to Bayi's listed unit.
CMB eyes financial leasing
2007-06-19 13:51:49
China Merchants Bank Co has applied to set up a financial leasing firm to diversify its business scope, its president said yesterday.
China Mobile huge sell off 'plan'
2007-06-19 11:25:57
China Mobile, the world's largest cellular phone operator, is planning a multibillion-dollar share sale in Shanghai as early as next month.
Gateway and Huafa join hands in new project
2007-06-19 08:51:27
Gateway Capital has confirmed the joint venture agreement with Shanghai-listed Huafa Industrial Co Ltd to co-develop a part of Huafa New Town.
ICBC to acquire Huarong Asset Management
2007-06-18 13:22:27
ICBC may buy Huarong Asset Management Co to expand into securities, leasing and other financial services, the China Securities Journal reported, citing unidentified sources.
Minsheng plans US$2.6 bl bond sale
2007-06-18 13:18:18
China Minsheng Banking Corp plans to sell 20 billion yuan of bonds to boost capital and finance loan growth.
Microsoft to buy stake in Changhong
2007-06-18 11:11:59
Microsoft Corp agreed to buy 0.8 percent of Sichuan Changhong Electric Co in a project that can connect computers and televisions to the Internet, the Chinese company said.
Sinopec to raise its gas output in Sichuan
2007-06-18 08:36:04
Sinopec has decided to increase its natural gas output goal in southwest China's Sichuan Province to three billion cubic meters for this year, company sources said yesterday.
Shenzhen bank plans to issue yuan bonds
2007-06-18 08:47:29
Shenzhen Development Bank said Saturday that it plans to issue subordinated and hybrid bonds to raise up to 16 billion yuan to boost its capital.