Geely's Volvo brand popular at New York show

2010-04-08 10:07:39

American car buyers are undeterred by Geely Automobile Holdings Ltd's purchase of Volvo, judging from their response at the New York International Auto Show.

Agricultural Bank may float IPO in July

2010-04-08 09:43:37

Agricultural Bank of China (ABC) is likely to launch its initial public offering (IPO) in June or July after its plan got the approval from the State Council, a source familiar with the matter said on Wednesday.

China Life says 2009 net profit up 72%

2010-04-08 00:13:58

China Life Insurance Co, China's largest insurer, posted 71.8 percent growth in net profit for 2009 on higher investment income, the company said Wednesday.

Shanghai Pudong Development Bank says 2009 net profit up 5.6%

2010-04-07 17:08:49

Shanghai Pudong Development Bank said Tuesday its 2009 net profit rose 5.6 percent from a year ago on lending boom and increased commission fees.

China's Tencent bids to acquire AOL's ICQ

2010-04-07 16:58:21

China's Tencent, as well as Russian firms, ProfMedia and DST, have submitted their offers for AOL's instant-messaging service ICQ, which is reportedly valued at up to $300 million.

Sichuan Changhong Electric Co 2009 net profit rises 272%

2010-04-07 16:36:57

Sichuan Changhong Electric Co Ltd, one of China's leading household appliances producers, said Wednesday its net profit jumped 272.17 percent in 2009 on the back of government stimulus measures.

ABC begins to select underwriters for its IPO

2010-04-07 16:36:05

The State-owned Agricultural Bank of China (ABC) kicked off its initial public offerings (IPO) procedure on April 7, with 21 underwriters reporting their preliminary underwriting schemes to the bank, caijing.com.cn reported Wednesday.

Sinopharm may buy Nanjing Pharmaceutical - report

2010-04-07 16:34:49

Sinopharm, China's largest drug distributor, is considering acquiring Nanjing Pharmaceutical Group Ltd to expand its presence in eastern China, according to a media report.

Anhui Xingma Automobile reports 265% profit surge in 2009

2010-04-07 09:59:29

Anhui Xingma Automobile said Tuesday its net profit jumped 265.32 percent year-on-year to 82.8 million yuan ($12.13 million) in 2009 on the back of government stimulus measures.

Airlines across the Taiwan Straits ink agreement

2010-04-07 09:32:48

China Eastern Airlines Co Ltd signed a strategic cooperation agreement with China Airlines, Taiwan province's premier airline on Tuesday to extensively cooperate on cargo flights, passenger flights, logistics, aircraft maintenance and marketing.

CCB plans share sale to raise $11b

2010-04-07 09:26:27

China Construction Bank Corp (CCB) plans to sell shares to raise about 75 billion yuan ($11 billion) of capital this year, said two people with direct knowledge of the matter.

CCB expanding global footprint

2010-04-07 09:16:35

China Construction Bank (CCB), the nation's second-largest lender by market capitalization, is planning to increase its global footprint by expanding into regional financial hubs and economies that have close trade and investment ties with China, Fan Yifei, vice-president of the bank, said.