China Construction Bank may raise US$5.5b
2007-06-15 13:33:16
China Construction Bank Corp plans to sell shares valued at US$5.5 billion, responding to a government call for large companies to raise funds at home.
CITIC Securities has lofty IPO hopes
2007-06-15 13:12:30
CITIC Securities is looking to raise more than US$3 billion in a Hong Kong listing, according to recent domestic media reports.
UBS, Dacheng may revive closed-end funds
2007-06-15 08:48:24
Swiss bank UBS AG's Chinese mainland fund venture and Dacheng Fund Management Co are may become the first batch of firms to revive closed-end funds, sources said yesterday.
Five banks approved to lease
2007-06-15 08:27:26
China has given the nod to five commercial banks to deal in the financial leasing business, a banking regulator said yesterday.
Shenzhen bank share reform gets go-ahead
2007-06-14 13:37:57
After a delay of nearly a year, shareholders in Shenzhen Development Bank have approved a plan to reform its shareholding structure.
3 nabbed in insider trading case
2007-06-14 08:52:50
Three people have been arrested by police in Zhejiang Province for their alleged role in an insider trading case, considered the biggest scandal to embroil a listed company this year.
Huadian Power to cut new plant spending
2007-06-14 08:42:25
Huadian Power International Corp plans to cut spending on new plants by two-thirds next year to increase profitability.
Chalco may restructure Baotou firm
2007-06-14 08:32:50
Aluminum Corp of China Ltd, the nation's biggest aluminum maker, said it might restructure Baotou Aluminum Co, prompting speculation it will acquire the company's assets.
Huaxia Bank names Beijing Vice Mayor Zhai chairwoman
2007-06-13 13:30:26
China's Huaxia Bank Co appointed Beijing Vice Mayor Zhai Hongxiang as chairwoman to replace Liu Haiyan, who's retiring.
Shanghai Auto agreed to buy out ventures
2007-06-13 13:23:47
Shanghai Auto agreed to buy out its partner in a truckmaker and an auto-parts venture for 1.48 billion yuan to combine and expand its commercial-vehicle operations.
Guangfa denies staff detained over probe
2007-06-13 08:54:07
A Guangfa Securities spokesman has categorically denied media reports that about a dozen of its staff members were detained by the local public security bureau in Guangdong for interrogation in an insider trading investigation.
Laiwu Steel extends buyout accord
2007-06-13 08:44:04
Laiwu Steel Group has for the second time extended an accord to sell 38.4 percent of its Shanghai-listed arm, Laiwu Steel Corp, to Arcelor Mittal.