China Life to shy away from stocks in 2008
2008-03-26 14:18:05
China Life said on Monday it had invested $300 million in last week's IPO by credit card giant Visa Inc and would cut its allocation to equities this year.
BoCom shares to be transfered
2008-03-26 15:08:26
China's State Council approved on Wednesday a voluntary transfer by Central Huijin Investment Co of 3 billion Hong Kong-listed shares in the Bank of Communications (BoCom) to the Ministry of Finance.
ICBC reports 65% rise in profit for 2007
2008-03-26 09:49:05
This undated file photo shows a visitor counsulting with the Industrial and Commercial Bank of China staff at an exhibition. The bank posted strong profit growth of 65 percent in 2007.
China Life's net profit surges 94.8% in 2007
2008-03-26 09:27:23
The net profit of China Life, a Chinese mainland-based insurance giant, surge 94.8 percent year on year to 38.88 billion yuan ($5.48 billion).
A step closer to second board
2008-03-25 09:34:54
The publication of the draft regulations has brought the creation of the second board market in Shenzhen for listing start-ups closer to reality.
Sinosteel branches out to cover all bases
2008-03-25 10:11:36
While many Chinese entrepreneurs look to top foreign companies for guidance, Huang Tianwen, president of Sinosteel Corp, couldn't find the right business on which to model his company.
Air China may make Shanghai Air bid
2008-03-25 11:33:28
Air China has started talks with Shanghai Airlines Co and may bid for a stake to expand in the country's commercial capital after its first choice, Eastern Airlines, spurned a tie-up.
Chinese banks allowed to trade gold futures
2008-03-25 10:37:35
Chinese commercial banks will be allowed to trade gold futures in the domestic market, according to a notice released on the regulator's official website.
Declining exports to slow China's GDP growth
2008-03-24 16:31:11
Declining export growth, notably affected by the U.S. credit crunch, is likely to drag China's GDP growth down to 10.5 percent this year, still above official target of 8 percent, a leading university research paper said.
China needs stable yuan to fight hot money
2008-03-24 09:28:35
China needs a relatively stable exchange rate and should not use another one-off currency revaluation to curb inflow of hot money, said Fan Gang, a central bank advisor.
COSCO Shipping 2007 net profit up 84%
2008-03-22 21:25:31
COSCO Shipping Co, a specialized equipment carrier under China's top shipper COSCO Group, said Friday its net profit rose 84.3 percent in 2007 on surging transport demand fueled by the booming foreign trade.
Three IPOs, stock funds approved by regulator
2008-03-22 16:13:50
China Securities Regulatory Commission announced here on Friday that it has approved the initial public offering (IPO) plans of three domestic companies.