China's Lifan Industry to debut in Shanghai this week

2010-11-24 15:06:05

Shares of Lifan Industry (Group) Co, which raised 2.9 billion yuan ($437 million) in an initial public offering, will make their trading debut in the Shanghai Stock Exchange on Thursday.

Minmetals sees improved 2010 results

2010-11-24 11:19:41

China Minmetals Corp, China's largest steel and metals trader, expects an 80 percent increase in its fortunes this year, with increased profit, propelled by a rally in metal prices despite recent pullbacks and good returns from its overseas mining resources.

China UnionPay expands card-payment services in Switzerland

2010-11-23 14:07:04

China UnionPay (CUP) and SIX Multipay, the biggest Swiss card-payment company declared on Monday a joint program that enables Swiss merchants to accept payments from credit cards or debt cards issued by CUP.

Fund shells out $283m for office building

2010-11-23 11:12:07

Go High Fund, a Beijing-based yuan-denominated private equity fund, said on Monday it had acquired an office building from MCC (China Metallurgical Group Corp) Real Estate for nearly 1.9 billion yuan ($283 million), making it the largest en-bloc deal in Beijing this year.

Bluestar Adisseo seeks $1.56b in IPO

2010-11-23 10:12:24

Bluestar Adisseo is planning to raise as much as $1.56 billion from an initial public offering (IPO), and is banking on its strong industry position to get a good responses from investors.

ChemChina seeks price reduction for MA Ind stake

2010-11-22 13:29:48

China National Chemical Corp (ChemChina), which is in talks to buy MA Industries, is seeking a lower price for the world's No 7 agrochemical maker, which had warned it would report a wider quarterly loss this week.

China to investigate law violation in Tencent-Qihoo 360 spat

2010-11-22 11:01:18

Two Chinese Internet giants -- Tencent and Qihoo 360, apologized to Internet users after being ordered to stop their spat and officials vowed to investigate the dispute to determine whether actions by either company had broken the law.

Sinopec suspends diesel exports amid domestic market shortage

2010-11-20 14:46:38

China Petroleum and Chemical Corporation (Sinopec), China's largest oil refiner, said Friday it has suspended diesel exports to relieve shortages in the domestic market.

Ping An's general manager resigns for 'personal reason'

2010-11-20 14:37:00

Zhang Zixin, general manager of Chinese Ping An Insurance, the country's second largest insurer, has tendered his resignation for "personal reason" and his term of office will end on March 18 of 2011.

Maternity dress firm plans IPO

2010-11-20 09:34:03

The maternity dressmaker Shanghai UKI Industry and Trade Co Ltd said it plans to go public in three years, in line with the company's massive expansion plans in a growing niche market. If the IPO bid is successful, the company will be the first maternity clothing manufacturer to go public in China.

China's GCL enters US solar power-plant biz

2010-11-19 13:50:13

A subsidiary of China's GCL-Poly Energy Holdings Ltd has formed a joint venture with SolarReserve, a California developer, to build photovoltaic power plants in the United States.

Q3 profit increases at China Resources

2010-11-19 13:28:54

China Resources Enterprise Ltd, the Chinese government-backed partner of SABMiller Plc, reported third-quarter profit grew 1.4 percent.