China's Fosun Group to buy 9.5% stake of Folli Follie
2011-05-21 16:02:47
Fosun Group, the largest privately-owned conglomerate in China controlled by billionaire Guo Guangchang, signed an agreement with Greek luxury retailer Folli Follie to purchase 6.36 billion of additionally issued stock valued at 13.3 euros per share.
China's ICBC opens two branches in Pakistan
2011-05-21 14:15:11
The Industrial and Commercial Bank of China (ICBC), China's largest commercial bank, inaugurated two branches in Karachi and Islamabad respectively on Friday.
Lending curbs hit nation's property developers
2011-05-21 09:58:49
China's developers are paying as much as 25 percent to borrow from private trust companies. That's as property firms avoid lending curbs intended to control inflation and cut the risk of corporate default.
Yuan may be fully convertible in '3-5 yrs'
2011-05-21 09:17:15
A senior economist has said China could achieve full convertibility of the yuan in three to five years - much sooner than previous forecasts.
Hong Kong stocks close 0.16% higher -- May 20
2011-05-20 17:50:55
Hong Kong stocks gained 36.01 points, or 0.16 percent, to close at 23,199.39 on Friday.
Bain Capital mulls yuan fund in China
2011-05-20 17:38:11
US-based private equity giant Bain Capital is considering raising a yuan-denominated fund in China within two years.
BOC to increase loans to SMEs by 10%
2011-05-20 17:36:52
Bank of China Ltd (BOC), the country's third-largest lender by market value, said its loans to small and medium-sized enterprises (SMEs) is expected to grow more than 10 percent this year.
China stock index futures close mixed-- May 20
2011-05-20 17:13:16
China's stock index futures closed mixed Friday with the contract for May up 0.03 percent from the previous close to 3,122.6.
China to open RMB FDI
2011-05-20 15:06:32
China is mulling policies to allow foreign institutions to invest directly in renminbi in China, China Business News reported on Friday.
China's social security fund increases tenfold
2011-05-20 14:35:44
Total assets of China's social security fund increased nearly tenfold over the past 10 years, as the government strives to keep high investment returns amid the country's high inflation.
Morgan Stanley to launch yuan-based PE fund
2011-05-20 13:55:30
Morgan Stanley aims to raise 1.5 billion yuan ($230 million) in its first yuan-denominated private equity fund in China.
Chinese shares close higher at midday Friday
2011-05-20 13:45:13
Chinese shares closed higher in the morning session on Friday with the benchmark Shanghai Composite Index inched up 0.07 percent, or 2.11 points, to 2,861.68 at midday.
