CITIC bank more than doubles net asset value in Q3
2007-10-30 13:53:45
CITIC Bank, the seventh largest commercial bank in China, garnered a net profit of 2.04 billion yuan in the third quarter of this year.
Baosteel's net profit slips nearly 50% in Q3
2007-10-30 14:22:08
The quarterly report of Baosteel revealed that the company suffered a 49.68 percent drop year-on-year in terms of net profit in the third quarter this year.
Oil price hikes put refiners in a bind
2007-10-31 07:36:08
Soaring global oil prices have led to small refiners drastically cutting down on production - forcing Sinopec to fill the void.
Securities companies buy into futures brokers
2007-10-29 15:22:39
Half of China's futures brokers have fallen under the control of securities companies, as the country's financial institutions pave way for the introduction of the stock index futures.
Banks, insurers eye planned high-speed railway
2007-10-29 09:45:41
Several Chinese banks and insurance companies are mulling bid for investment in a high-speed railway linking Beijing and Shanghai.
Huawei donates US$130,000 equipment to Rwanda
2007-10-29 16:09:43
Huawei, a leading Chinese supplier of telecom network, has donated telecom equipment valued at US$130,000 to the Rwandan government.
CCB posts 57b yuan net profit in first 9 months
2007-10-28 09:20:06
China Construction Bank has posted a net profit of 57 billion yuan (US$7.6 billion) in the first nine months of this year.
ICBC buys a 20% stake in African bank
2007-10-26 08:59:23
The Industrial and Commercial Bank of China will spend US$5.46 billion to take a 20 percent stake in Standard Bank Group Ltd, Africa's largest bank.
Shenhua added to Hang Seng China AH Index Series
2007-10-28 09:09:28
China Shenhua, the nation's largest coal producer, has been added to the Hang Seng China AH Index Series.
Sinopec stepping up exploration efforts
2007-10-26 09:45:01
Sinopec, the country's second largest oil company, is set to launch a research program on marine-facies oil and gas exploration, sources said.
ICBC posts 66% growth in net profit in first three quarters
2007-10-26 09:45:24
ICBC, the country's largest lender, on Thursday reported a 66 percent year-on-year increase in its net profit in the first nine months of this year.
Hotel chain acquires Top Star
2007-10-24 09:03:17
Home Inns, one of the major budget hotel chains in China, yesterday acquired its rival Top Star for 340 million yuan in a bid to consolidate its domestic leading position.