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China Daily Website

  • Fixed-asset investment in rail sector surges in Jan

    2013-02-19 18:07

    China's railway industry saw a big increase in fixed assets investment and infrastructure investment in January for the first month this year.

  • Bank of Ningbo to set up fund management arm

    2013-02-19 18:04

    Bank of Ningbo Co Ltd said on Tuesday that its board has approved a proposal to set up a fund management company.

  • Bank of Nanjing's two shareholders combined

    2013-02-19 17:58

    Bank of Nanjing Co Ltd said two of its State-controlled shareholders, Zijin Investment Holdings Co Ltd and Nanjing Gaoke Co Ltd have agreed to be a single shareholder.

  • Keppel Land, Alpha Investment buy mall in Shanghai

    2013-02-19 17:56

    Keppel Land China has joined hands with Alpha Investment Partners Ltd to acquire a retail mall in Shanghai.

  • 7-Eleven to expand to Southwest China

    2013-02-19 15:59

    The world's largest convenience store company, 7-Eleven, plans to expand in China's southwestern market.

  • Hotline launched to curb illicit bank operations

    2013-02-18 17:29

    A whistleblowers' telephone hotline has been launched in Shanghai in an effort to clamp down on banking operations that breach regulations.

  • China Vanke makes first venture into US market

    2013-02-18 17:25

    China Vanke Co Ltd has teamed up with US real estate firm Tishman Speyer Properties to jointly develop a plot of land in San Francisco.

  • Jingdong Mall raises $700m

    2013-02-18 17:22

    Chinese online retailer Jingdong Mall said its cash reserve topped 15 billion yuan ($2.4 billion) after the Beijing-based company raised around $700 million from international investors on Sunday.

  • CIC invests in Moscow Exchange

    2013-02-18 17:17

    China Investment Corp, the country's sovereign wealth fund, has invested in the pre-IPO of the Moscow Exchange, the fund's chairman said on Sunday.

  • GM buys back 1% stake in joint venture

    2013-02-18 17:13

    General Motors Co, which runs 12 joint ventures in China, said it had repurchased a 1 percent stake in its joint venture with SAIC Motor Corp Ltd.

  • Retail sales surge during Spring Festival

    2013-02-18 17:11

    Beijing retail sales rose 8.2 percent year-on-year to 1.06 billion yuan ($168.45 million) during the Spring Festival, the China Chain Store and Franchise Association said on Sunday.

  • Penglai oil block OK'd to restart production

    2013-02-18 16:51

    CNOOC Ltd, China's largest offshore oil explorer, said on Sunday that the Penglai oil block in the northeastern coast has received permission from the government to restart operations, 17 months after an oil spill.

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