Eurizon Financial buys in Penghua
2007-04-19 10:05:22
Eurizon Financial Group, an Italy-based consortium, has signed an agreement to acquire a 49 percent stake in Penghua Fund Management.
China may allow enterprises to issue bonds via private placement
2007-04-18 13:45:02
China is studying permitting enterprises to issue bonds via private placement, said an official with the National Development and Reform Commission (NDRC).
Sinopec launches convertible bond
2007-04-18 13:42:09
Top Asian oil refiner Sinopec Corp is selling a US$1.5 billion convertible bond, the largest-ever from a Chinese issuer.
Central Huijin to take over Everbright Group
2007-04-18 13:39:53
Central Huijin is expected to take control of China Everbright Group's banking unit China Everbright Bank via a capital injection.
Merchants Bank posts 88% profit growth
2007-04-18 13:36:28
China Merchants Bank reported net profits up 87.69 percent year-on-year to 7.1 billion yuan (US$923 million) last year.
Guotai Junan eyes Shanghai IPO
2007-04-18 13:33:30
Guotai Junan Securities Co, one of China's three biggest brokerages, is preparing for a Shanghai initial public offering (IPO) this year.
Chalco gets nod for A-share sale
2007-04-18 13:27:42
Aluminum Corp of China Ltd (Chalco), the nation's biggest maker of the metal, has received approval to sell shares in Shanghai.
Shanghai exchange investigates 280 suspect transactions in 2006
2007-04-18 10:14:49
Shanghai Stock Exchange investigated 280 suspect transactions in 2006, said a report released by the bourse on Monday.
Listed banks report net profits up 34%
2007-04-18 10:22:53
China's ten listed commercial banks garnered 170 billion yuan (US$22 billion) in combined net profits last year, up 34 percent.
Investors' interest helps 2 funds reap US$2.33b
2007-04-18 10:28:05
Hua An Fund Management Co and Lord Abbett & Co raised a combined 18 billion yuan (US$2.33 billion) on the first day of issuance.
China Southern lands better results
2007-04-18 09:55:43
China Southern Airlines Co narrowed its fourth-quarter loss 85 percent as gains from a stronger yuan countered higher jet fuel and borrowing costs.
China Life reports strong growth
2007-04-18 09:49:14
China Life Insurance Co saw its profit more than doubled last year, fueled by premium growth and higher investment return from the booming stock market.