China's Ping An 2010 net profit up 23.9%
2011-03-30 09:55:24
Ping An Insurance Group, one of China's major insurers, said Wednesday its 2010 net profit rose by 23.9 percent year on year to 17.94 billion yuan ($2.73 billion).
Citic shares advance on news of IPO plan in Hong Kong
2011-03-30 10:56:48
Shares of Citic Securities Co Ltd jumped 1.71 percent at the close of trading on Tuesday. The advance came after China's biggest listed brokerage unveiled its roughly $2.7 billion Hong Kong IPO plan, potentially boosting the company's global competitiveness.
Possible rates hike hits equities
2011-03-30 09:46:29
Stocks on the Chinese mainland fell on Tuesday, dragging the benchmark index down for the first time in three days. The retreat came as investors speculated that the government will raise borrowing costs to cool inflation.
Chinese banks' net profit up 34.5%: CBRC
2011-03-30 09:37:07
China's banks made a net profit of 899.1 billion yuan ($137 billion) last year, up 34.5 percent from a year earlier, the fastest pace in three years, the China Banking Regulatory Commission (CBRC) said in a report released on Tuesday.
China stocks close lower Tuesday
2011-03-29 15:57:53
Chinese shares closed lower Tuesday with the benchmark Shanghai Composite Index down 25.93 points, or 0.87 percent, to 2,958.08.
Minmetals may reduce $1.6b capital raising plan
2011-03-29 14:55:21
China's Minmetals Resources is likely to reduce a planned $1.6 billion capital raising after reporting $430.4 million in full-year profits, the company said on Tuesday.
China Industrial Bank plans up to 50b yuan bond issue
2011-03-29 14:20:18
Mid-sized Chinese lender Industrial Bank said on Tuesday that it planned to raise up to 50 billion yuan ($7.6 billon) by selling bonds in Shanghai or Hong Kong to fund asset expansion.
Outbound yuan fund may exit companies by listing in China
2011-03-29 13:57:00
The first China-outbound renminbi fund may seek exit strategies in its invested companies by listing them on the stock exchanges in Europe, Hong Kong or the proposed international board on the Shanghai Stock Exchange, according to Andre Loesekrug-Pietri, chief executive officer and managing partner of European-owned private equity group A-Capital Asia.
Listed companies' profits increase 35% in 2010
2011-03-29 13:27:33
The gross operating revenue for 1,039 A-share listed companies last year came to 9.28 trillion yuan – an increase of 35.05 percent from a year ago, China Securities Journal reported Tuesday.
China to lead stock advances
2011-03-29 13:19:58
Chinese stocks and energy companies are expected to lead advances by Asian equities this year.
CCB profit growth to continue rising
2011-03-29 10:43:20
China Construction Bank Corp (CCB) will continue to increase profits at a rate of more than 20 percent year-on-year, despite tightening macroeconomic polices and a rising awareness of risk control, said Chen Zuofu, vice-president of the bank, on Monday.
Market rises after higher profit reports
2011-03-29 10:35:48
Stocks on the Chinese mainland advanced for a second day after companies from Yanzhou Coal Mining Co to China Minsheng Banking Corp reported higher profit.
