Shenzhen Dev Bank sells 6.5b yuan bonds
2008-03-24 14:30:54
China's Shenzhen Development Bank sold 6.5 billion yuan in 10-year bonds, sole underwriter UBS said on Monday, as Asian issuers continue to borrow money locally amid difficult global market conditions.
China Life invests $300m in Visa IPO
2008-03-24 14:48:34
China Life Insurance Co, the nation's largest insurer, said it invested $300 million in Visa Inc's initial public offering, and plans further investments in the US and Europe to diversify its portfolio.
Regulator bans IPOs that fund land purchase
2008-03-21 16:15:07
The securities regulator would continue to support the expansion of qualified property firms via IPOs and mergers in the capital market, but wouldn't allow them to buy commercial land with the funds raised.
Bank deposits up as stocks fall out of favor
2008-03-21 10:20:12
A growing number of people are choosing to keep their money in the bank rather than invest it in stocks or property, said a central bank survey.
Mergers approved to consolidate steel sector
2008-03-20 20:21:04
The National Development and Reform Commission announced on Wednesday it had approved Baosteel's acquisition of two steel makers in the southern Guangdong Province.
Oil giant suffers $5.4b of refining loss in 2007
2008-03-21 17:02:16
China National Petroleum Corporation, the country's leading oil producer, lost 36.2 billion yuan in its oil refining and processing businesses last year, according to a company report released on Thursday.
Tougher scrutiny urged on illegal market moves
2008-03-21 10:13:51
Supervision departments were urged on Thursday to crack down on market speculation and illegal price hikes to ensure smooth market order.
ICBC may buy Wing Lung
2008-03-21 15:28:15
Industrial and Commercial Bank of China Ltd (ICBC) and Standard Chartered Plc may bid for a majority stake in Hong Kong's family-controlled Wing Lung Bank Ltd, sources said.
Index rallies 2.5% after week-long dive
2008-03-19 16:42:02
The major Chinese stock index rebounded nearly 100 points Wednesday after diving more than ten percent over the past week.
Mainland investors to get SRI option
2008-03-19 14:08:46
China is expected to launch its first mutual fund to invest in the mainland's "socially responsible" listed companies next Friday.
China raises deposit reserve requirement by 0.5%
2008-03-18 19:41:08
The central bank decided to raise the deposit reserve requirement ratio of commercial banks to a record high of 15.5%.
Air China 2007 profit up 30%
2008-03-19 13:48:51
Air China, the country's largest international carrier, said on Tuesday that its 2007 net profit rose 30.37 percent year-on-year on higher passenger traffic and improved investment returns.