PetroChina to import more for refining
2007-07-02 08:36:22
China's top oil producer PetroChina will import some 40 percent of the crude oil it processes in 2007, up from last year’s 30 percent, a company official said Saturday.
BoCom to create rating system
2007-07-02 08:52:19
Bank of Communications will invest at least 100 million yuan (US$13.1 million) to set up an internal rating system to assess the credit worthiness of individual borrowers to cut bad loans as consumer lending accelerates.
Corporate bonds set to take off in China
2007-07-02 08:31:40
China's corporate bond market, which has struggled compared with stocks and treasury bonds, is expected to get a lift as regulators finish soliciting opinions on a draft regulation of its issuance.
Central bank: China's financial stability enhanced
2007-07-02 08:25:48
China has enhanced stability of its financial system as the economy grows steadily and rapidly, with the financial reform making substantial progress, the central bank has said.
Air France-KLM, China Southern plan to establish cargo JV
2007-07-02 08:19:41
Air France-KLM Group and China Southern Airlines agreed to have exclusive discussion over the creation of a cargo joint venture in China, according to the source with Air France-KLM Group Sunday.
Stocks lusterless with lowest turnover in June
2007-06-29 15:50:57
Stocks plunged another 2.39% today, while awaiting for legislative approvals on measures that may divert capital to other investment channels.
Lawmakers pass bill on interest tax slash
2007-06-29 15:41:42
China's top legislature Friday passed proposals on authorizing the State Council to reduce or cancel tax on interest and proposals on a massive sale of special T-bonds.
China Eastern to sell stake to Singapore Air
2007-06-29 13:42:14
China Eastern Airlines Co won preliminary government approval to sell a stake to Singapore Airlines Ltd.
Jinan Steel may double first-half profit
2007-06-29 13:36:27
Jinan Iron & Steel Co said in a statement that first-half profit may double because of higher prices and lower costs.
CIMC bought stakes of a foreign company
2007-06-29 13:34:29
CIMC, the world's largest maker of freight containers, said it bought a majority stake in Netherlands-based Burg Industries BV, to further expansion and extend product range.
Stocks down another 1.71% pending voting results
2007-06-29 11:47:48
Chinese stocks kept plunging deep this morning in expectations of today's legislative approval on a series of measures that may result in capital diverting to other investment channels.
Chinese aircraft producer prepares for overseas public offering
2007-06-29 09:04:17
China's AVIC I Commercial Aircraft Co Ltd is raising funds from overseas investment banks and business partners to prepare for a future public offering abroad.