Citigroup plans investment bank in China
2008-01-28 11:45:06
Citigroup and Central China Securities will soon apply to set up an investment banking joint venture, the US banking giant's first investment banking venture in China.
Baidu, Alibaba ranked top 10 search engines
2008-01-26 21:37:31
Baidu.com and Alibaba.com, two of China's major Internet search engines, ranked the world's 10 most popular search engines last month by comScore, an Internet research firm.
China's insurers post 25 percent rise in 2007 premium revenues
2008-01-26 10:52:15
Chinese insurers posted a 25-percent rise in premium revenues last year as insurance remained one of the fastest growing industries in the country.
Bank of China sheds 4.14% on writedown talk
2008-01-22 10:27:09
Bank of China Ltd fell yesterday after BNP Paribas SA said it may have to write down the value of overseas securities by 35 billion yuan.
Ping An plans to issue new A shares, bonds
2008-01-21 07:08:29
China's Ping An Insurance Group plans to issue new shares and bonds worth billions of yuan to reinforce its capital base and finance acquisitions, company sources said.
China Oilfield Service inks overseas deal
2008-01-20 14:27:00
China Oilfield Service Limited has signed its first overseas directional geothermal well service contract with the Philippine National Oil Corporation.
ICBC personal financing products hit 154.4b yuan
2008-01-19 11:11:31
Industrial and Commercial Bank of China sold 154.4 billion yuan of personal financing products in 2007, up 126.49 percent year on year.
Everbright Securities sees IPO by March or April
2008-01-18 14:07:49
China Everbright Securities will seek to complete an initial public offering (IPO) by March or April, parent China Everbright Group said.
Sinosteel sales jump 83%
2008-01-18 10:35:09
Sinosteel Corp, China's leading raw materials and service provider, said its 2007 sales increased 83 percent as the company restructured its business.
Banks show record figures
2008-01-18 09:16:36
A worker furbishes the logo of a bank. Banks in Shanghai reported good results for 2007 on efforts to diversify and the country's booming economy. [China Daily]
CNPC assets hit 1.54 trln yuan, up 7.1%
2008-01-18 09:19:35
The assets of China National Petroleum Corporation (CNPC) hit 1.54 trillion yuan ($212.4 billion) at the end of 2007, up 7.1 percent year on year.
Sinopec units' shareholders rebuff stock plan
2008-01-17 09:41:38
Shareholders of two China Petroleum & Chemical Corp units rejected a plan to increase the amount of stock available on the mainland market.