China, Venezuela sign oil development pacts
2009-12-24 08:05:53
China National Offshore Oil Corp (CNOOC), the country's largest offshore oil producer, has signed an agreement to develop oil and gas resources in Venezuela, the latest step in its overseas expansion.
CCTV contemplating online video market entry
2009-12-24 08:05:53
China Central Television (CCTV), the national State-run TV broadcaster, is expected to enter the country's lucrative online video market next week, raising concerns that the move may hurt domestic Youtube-like websites that were heavily fund by foreign venture capital.
Train maker CNR raises 13.9b yuan from float
2009-12-24 08:05:53
Train maker China CNR Corp raised 13.9 billion yuan ($2 billion) selling shares on the Shanghai Stock Exchange, completing the country's status as the world's biggest market for initial public offerings this year.
Pacific Insurance soars on debut
2009-12-24 08:05:53
China Pacific Insurance (Group) Co, the nation's third-largest insurer, rose in its Hong Kong trading debut, the best first-day performance among the three biggest public share sales in the city this year.
Qingdao's container throughput exceeds 10m
2009-12-23 18:22:16
The Port of Tsingtao saw container shipping of 10 million twenty-foot equivalent units (TEU) today, marking another milestone since shipping through the port reached 300 million tons on Dec 13 this year, said the company in a statement.
ICBC wants some forex pie for banks
2009-12-23 08:06:06
China should divert part of its burgeoning foreign exchange reserves to commercial banks so that they have more financing power to support the overseas expansion plans of domestic firms, chairman of ICBC said yesterday.
Sinochem submits new offer for Nufarm
2009-12-23 08:06:06
Sinochem Corp, China's largest chemical trader, lowered its offer by 7.7 percent to $2.3 billion for Nufarm Ltd, whose full-year profit declined to a five-year low.
Sovereign wealth fund may get $200b cash injection
2009-12-22 08:00:15
Sovereign wealth fund China Investment Corp (CIC) may get a $200 billion capital injection by the first quarter of next year, after approvals from the relevant authorities, according to sources familiar with the fund.
Mainland rail builder steps up overseas expansion pace
2009-12-22 08:00:15
China Railway No 2 Engineering Group Co Ltd, the leading railway construction contractor in China, is finalizing an agreement with the Algerian government for the construction of a railway project in that nation.
Investment company to finance coal industry restructuring
2009-12-21 14:03:44
China's first energy industrial fund will be managed by Zhaohui Industrial Investment Fund Management, which was set up in Beijing on Sunday with an initial size of ten billion yuan.
Audi continues luxury segment dominance
2009-12-21 07:49:33
Audi AG sold nearly 140,000 cars on the Chinese mainland in the first 11 months this year, up 29 percent year-on-year, the company announced at its centennial celebration ceremony in Beijing Tuesday.
China's King Long bus company sets up plant in Hungary
2009-12-19 10:05:16
King Long, a bus production company based in Xiamen in Southeast China's Fujian province, will build its first European vehicle assembly facility in Hungary, announced Janos Kelemen, manager of King Long Hungary, at a news conference on Friday.