China Life Insurance has new president
2011-05-07 15:24:53
China's insurance regulator said Friday it had appointed Yuan Li as the president of the China Life Insurance (Group) Company, the country's largest insurer.
E-reader maker looks for tonic
2011-05-06 10:43:08
Having boasted in May 2010 that its aim was to overturn Apple Inc's dominance in the Chinese tablet PC market, the nation's leading maker of e-readers and tablet PCs, Hanvon Technology Co Ltd, has posted a first quarter loss of 40 million yuan ($6 million).
Midland Realtyis closing down Shanghai shops
2011-05-06 10:38:55
Hong Kong-listed real estate company Midland Holdings Ltd, will close all eight of its Midland Realty brokerages in Shanghai by the end of this month.
Indonesia big part of ZTE plans
2011-05-06 09:52:44
China's second-largest telecom equipment maker ZTE Corp hopes to double its terminal sales in Indonesia, boosting the proportion of its revenue from terminals to more than 50 percent in the next two years.
ChemChina close to getting final OK for MA deal
2011-05-05 15:38:15
China National Chemical Corp is close to getting final approval for its bid to buy a controlling stake in Israeli agrochemicals maker MA Industries.
Xiamen Tungsten to invest 4b yuan in plant
2011-05-05 11:21:15
Xiamen Tungsten Co Ltd, China's largest tungsten processing company, announced on Wednesday that it has agreed to invest 4 billion yuan ($615.7 million) in processing and upstream resources sectors.
CITIC to raise $322m in rights share issue
2011-05-05 11:01:13
CITIC Resources Holdings Ltd, a Chinese oil and coal producer with assets in Kazakhstan and Australia, is seeking to raise HK$2.5 billion ($322 million) through a rights issue to help fund expansion.
CSR sees massive orders in train
2011-05-05 08:56:23
China South Locomotive & Rolling Stock Corporation Ltd (CSR), has won orders valued at about 7.33 billion yuan ($1.13 billion), equal to 11.3 percent of its total 2010 revenue.
Wenzhou firms seek new wealth ways
2011-05-04 15:05:52
Wenzhou, the birthplace of China's private economy, has become a hotbed of enterprising business people whose collective investments have moved the price of land and commodities in cities and towns around the country.
Shanghai Pharma drug-making assets raise funds
2011-05-04 13:01:35
Shanghai Pharmaceuticals Holding Co is raising $550 million from investors including Temasek Holdings Pte and Pfizer Inc to fund acquisitions in the world's fastest-growing major economy.
Baosteel looks beyond cutbacksfrom carmakers
2011-05-04 09:48:34
The demand for auto sheet is set to recover from a decline in auto production caused by the recent Japanese earthquake, as domestic carmakers import components from the country, said a senior executive from Baoshan Iron and Steel Corp (Baosteel) on Tuesday.
Renren seeks to double Facebook's valuation
2011-05-03 17:08:19
Renren Inc (Renren), China's biggest social- networking website by page views, aims to raise as much as $743.4 million in a US initial public offering on Tuesday, Bloomberg reported.