Share sales would unshackle ChinaAMC
2011-07-07 14:35:50
Any success Citic Securities Co has in disposing of its 51 percent stake in fund management company China Asset Management Co (ChinaAMC) will clear the way for the latter to make a strong comeback from its nearly two-year ban from offering new products, analysts say.
Shanghai aims to boost role as commerce center
2011-07-07 14:32:36
Commerce administrators in Shanghai have vowed to strengthen the city's position as an international commerce center during the 12th Five-Year Plan period (2011-2015).
Exchanges should forgo M&A activity, say experts
2011-07-07 14:31:14
A surge in mergers and acquisitions (M&As) of global financial exchanges will not happen in Asia during the next three to five years, despite a wave of worldwide cross-border cooperation, according to officials and analysts.
The9 to come out shooting with Firefall
2011-07-07 14:10:36
The9 Ltd, a leading online game operator and developer in China, is poised to release a new game as part of its strategy to rebound after the big loss of World of Warcraft (WoW).
Ministry sets up culture fund
2011-07-07 14:08:06
China has established the first State-level investment fund targeting the cultural industry as part of its effort to develop the sector.
Lenovo's gaming console launch raises questions
2011-07-07 13:23:01
Lenovo's launch of a video game console in China this year could throw into question the country's decade-old ban on the devices and might eventually open the $5.8 billion Chinese gaming market to Sony Corp and Microsoft Corp.
Fujitsu looks to Chinese market
2011-07-07 13:22:12
Fujitsu Ltd aims to at least double its revenue from China in three years. The Japanese technology giant is planning to increase the proportion of revenue earned in overseas markets and to join the growing number of technology companies developing cloud-computing services.
Tencent to buy 16% of Kingsoft for $115m to expand
2011-07-07 13:10:46
Tencent Holdings Ltd, China's biggest Internet company, agreed to buy a 15.7 percent stake in Kingsoft Corp for HK$892 million ($115 million) to expand in computer-security services.
No state bailout needed for local debt
2011-07-07 11:17:25
China's trillions of yuan of local government debt do not need the central government’s bailout, a top Chinese banker said on Wednesday.
Chinese firms raise $1.9b in US
2011-07-07 11:14:00
Led by a number of Internet companies, Chinese IPOs surged in the US in the first half of this year, Modern Express reported Thursday.
Private firms power half of China’s GDP
2011-07-07 11:11:39
China's private firms contribute more than 50 percent of the country's GDP, the Securities Daily reported Thursday, citing a senior official.
UK official: China's nuclear know-how can be exported
2011-07-07 10:58:26
The Chinese nuclear industry is developing rapidly and the experience it is gaining provides Chinese companies opportunities to invest in the United Kingdom, a UK expert said.