Alcoa leader shows his mettle

2011-07-07 10:47:54

When Chen Jinya joined Alcoa China on the first day of 2007, he expected he would be able to build a bridge between East and West.

Outlook for aluminum production

2011-07-07 10:39:03

Aluminum production increased year-on-year in the first quarter of 2011, both in China and in the rest of the world.

BYD says June car sales down 8% Y-O-Y

2011-07-07 10:31:26

Chinese car maker BYD Co Ltd, backed by US billionaire Warren Buffett, said on Wednesday that it sold 32,515 cars in June, down 8 percent from the same month last year.

Regulator tightens rules for approval of IPOs

2011-07-07 10:24:53

China's securities regulator has tightened its approval requirements for initial public offerings by companies in industries seen as having a high risk of financial irregularities, including restaurants and chain stores, industry sources told Reuters.

Sino-Forest delays tour of its assets; shares dive

2011-07-07 10:21:41

Embattled Chinese forestry company Sino-Forest said on Wednesday it has postponed a tour of its forestry assets because many analysts have halted coverage of the company.

Singapore's Temasek sells BOC, CCB shares

2011-07-07 10:13:56

Temasek Holdings Pte, Singapore's State-owned investment company, raised HK$28.2 billion ($3.63 billion) selling stakes in China Construction Bank Corp (CCB) and Bank of China Ltd (BOC), two of the mainland's three biggest banks.

China approves plan for energy 'golden zone'

2011-07-07 10:11:07

The central government has approved plans for an energy industry "golden zone" linking Shaanxi province and the autonomous regions of Ningxia Hui and Inner Mongolia in northwestern China, said an autonomous region official on Wednesday.

China may appeal WTO ruling on resources

2011-07-07 10:05:29

China is likely to appeal a World Trade Organization (WTO) ruling against curbs introduced on the exports of raw materials.

China launches 20b yuan cultural private equity fund

2011-07-07 09:57:18

China has launched a government-backed private equity fund aiming to raise 20 billion yuan ($3 billion) to invest in cultural industries such as media publishing, film and broadcasting, Internet entertainment and leisure, the Shanghai Securities News reported on Thursday.

China to float 30 b yuan  T-bonds

2011-07-07 09:55:51

The Ministry of Finance said Wednesday that it will sell 30 billion yuan ($ 4.64 billion) worth of book-entry treasury bonds this week

China's central bank raises interest rate

2011-07-07 09:53:41

The People's Bank of China (PBOC), the central bank, announced on Wednesday that it will raise bank's benchmark one-year borrowing and lending rates by 25 basis points on Thursday.

Water facility investment to hit $77b

2011-07-07 09:49:27

The investment in water facilities in Chinese cities from 2011 to 2015 is estimated to be no less than 500 billion to 600 billion yuan ($ 77.4 billion to 92.8 billion), a senior expert from China's Ministry of Housing and Urban-Rural Development said here on Wednesday.