Jianyin to transfer CICC stake to Central Huijin
2010-08-24 13:00:07
China Jianyin Investment Securities is transferring its 43.35 percent stake in China International Capital Corp (CICC), to conform to Chinese rules that bar a company from controlling two brokerages, the Shanghai Securities News reported Tuesday.
China Merchants Securities reports profit in H1
2010-08-24 10:39:26
China Merchants Securities Co Ltd, a major Chinese securities firm, said its net profit rose 0.61 percent year on year to 1.37 billion yuan ($202 million) during the first half of 2010, despite sluggish performance of the country's stock market.
When speed is not of the essence in delivery business
2010-08-23 11:09:58
In these days of instant gratification and the worship of speed it can come as a shock to learn that the latest communications sensation is not some form of real time messaging system but something slower. Something that takes "snail-like" into the realms of the rapid.
Resources to fuel Zhongtai growth
2010-08-17 14:51:31
Xinjiang Zhongtai Chemical Co, a chemical raw materials producer based in Urumqi, is eyeing the rich natural resources in the autonomous region for further expansion.
Uygur entrepreneur hopes to emulate Walmart, Unilever
2010-08-17 14:44:19
Big names like Walmart, Nestle, and Unilever fall easily and often from Uygur entrepreneur Radil Abla's tongue.
Gome plans stock placement to dilute Huang's stake
2010-08-16 11:18:22
GOME Electrical Appliances Holdings Ltd. plans to sell 3 billion shares in a private placement, diluting the stake held by its founder Huang Guangyu, the China Business News reported today, citing an unidentified person familiar with the situation.
CNOOC's profit growth to exceed PetroChina's, Shell's
2010-08-16 10:07:59
Cnooc Ltd, China's biggest offshore oil producer, may post first-half profit growth more than double that of PetroChina Co and Royal Dutch Shell Plc after selling more crude to meet diesel demand from factories and farmers.
Tongling, China Railway to invest $3b in Ecuador copper mine
2010-08-13 16:53:03
Tongling Nonferrous Metals Group Holdings Co and China Railway Construction Corp may invest as much as $3 billion in a copper project in Ecuador, as China seeks to control more commodity assets to feed its economy.
CITIC Capital buys Tokyo box maker
2010-08-13 16:02:12
Chinese State-run investment company CITIC Group has acquired a majority stake in Tokyo-based cardboard maker Tri-Wall KK, the Nikkei business daily reported without citing sources.
Li Ka-shing buys most Hutchison shares in 7 yrs
2010-08-13 15:40:54
Billionaire Li Ka-shing made his biggest investment in Hutchison Whampoa Ltd shares in at least seven years, boosting a stock that’s already been the best performer of the month in Hong Kong’s Hang Seng Index.
China's Telestone Q2 profit falls, shares slump
2010-08-13 10:39:40
China's Telestone Technologies Corp's second-quarter profit fell 15 percent, hurt partly by higher operating expenses as the developer of telecom networks technology shifted focus to high-margin wireless fiber-optic systems, sending its shares down 20 percent in extended trade.
CCECC's localization strategy pays off in Nigeria
2010-08-12 15:47:05
One of China's construction giants had established itself as a top international brand in Nigeria after 30 years of localization efforts, a senior executive told Xinhua Wednesday.