Financial firms report over 50% profit rises
2007-07-30 17:02:35
Interim reports and forecasts issued by 12 listed financial companies in mainland China showed at least 50 percent year-on-year growth for their first-half profits.
Southern Fund wins nod to invest abroad
2007-07-30 08:33:37
China Southern Fund Management Co, one of the country’s three largest fund companies, said it had won approval from regulators to invest in foreign financial markets.
China Life says profit may double in first half
2007-07-30 08:57:34
China Life, the country's largest life insurer, said its net profit may more than double in the first half of 2007 from a year earlier.
Hudong may buy more assets from parent
2007-07-30 08:40:08
Hudong Heavy Machinery Co, the listed vehicle of China’s biggest shipbuilder, may buy more shipbuilding assets from its parent as it speeds up expansion to meet robust demand, its president said.
Property firm to by Changsha building
2007-07-27 13:29:21
Beijing North Star Co, a Beijing-based real estate developer, said its venture with another developer has agreed to buy a building site in Changsha for 9.2 billion yuan.
ICBC to add loans for small enterprises to 500 bln yuan
2007-07-27 11:43:28
ICBC plans to further explore the burgeoning small enterprise market by offering loans of between 400 to 500 billion yuan to small enterprises over the next three to five years.
Baiyun airport inks more cargo deals
2007-07-27 09:14:46
Guangzhou Baiyun International, one of the country's three busiest airports, is expanding its efforts to become an international air cargo and logistics hub in south China.
Cosco may buy bulk carriers
2007-07-27 08:50:34
China Cosco Holdings suspended trading on the Shanghai and Hong Kong stock exchanges yesterday.Sources speculated that it will announce a share sale to help it buy its parent's dry-bulk shipping business.
Power play by Datang bonus for investors
2007-07-27 08:46:59
Datang International Power Generation Co, the biggest Hong Kong-listed Chinese electricity producer, plans to hand bonus shares to investors for the first time.
Air China profits surge 2,000%
2007-07-26 13:12:26
Air China on Wednesday said profits soared in the first half due to the strengthening Chinese currency, investment gains and a booming travel market.
Yuan value in spotlight during Paulson's visit
2007-07-26 11:01:26
US Treasury Secretary Henry Paulson will arrive in China for a fourth time next week, meeting with Chinese leaders for talks on economic and trade issues, his office announced on Tuesday.
Pudong Bank approved to form fund venture
2007-07-26 08:47:02
Shanghai Pudong Development Bank Co said it won approval from China's stock market regulator to start a fund venture with French insurer Axa SA.