Foreign investments, hot money come to China
2008-03-13 14:51:23
Foreign investments and international hedge funds, some of which are speculative hot money, are now elbowing into the China market.
Pudong Development Bank plans 6b yuan bond sale
2008-03-14 14:48:53
Shanghai Pudong Development Bank Co, part owned by Citigroup Inc, plans to raise about 6 billion yuan ($846 million) selling hybrid bonds this year after loan growth drained capital.
Sinopec denies report of projected losses
2008-03-14 15:36:01
China Petroleum and Chemical Corporation (Sinopec) has denied a report that it would probably suffer losses in the first two quarters due to high crude prices.
PBOC drains 236b yuan in open market operations
2008-03-14 13:34:39
The People's Bank of China (PBOC) on Thursday drained 236 billion yuan from the interbank market through central bank bill issues and repurchase transactions.
TCL back in black for 2007
2008-03-14 13:34:19
TCL Corporation, one of China's largest consumer electronics enterprises, returned to the black last year with net profits of 396 million yuan after losing billions in 2005 and 2006.
CRCC up 12% in HK debut
2008-03-13 22:18:18
The H shares of China Railway Construction Corporation Limited (CRCC) rose 12 percent to close at HK$12 in their debut trading in the Hong Kong stock exchange Thursday.
Major index breaks 4,000-point mark
2008-03-13 16:29:36
The benchmark Shanghai Composite Index slid below the landmark 4,000-point level Thursday amid panic selling and investors' waning confidence in the market.
Brokers' net profit expands five-fold
2008-03-13 15:47:24
China's securities companies increased six-fold in net profit and doubled their asset value on the back of a bullish market last year.
China not to curb CPI at cost of global economy
2008-03-12 22:09:51
China's Commerce Minister Chen Deming pledged on Wednesday that the country will not curb consumer price index (CPI) rises at the expense of affecting the global market.
BOC among bidders for Bank Internasional
2008-03-13 09:17:10
Bank of China (BOC) and Malayan Banking Bhd are among companies selected by Temasek Holdings Pte to bid for its controlling stake in PT Bank Internasional Indonesia.
Ping An to buy into Fortis fund unit
2008-03-13 10:54:16
Ping An Insurance of China is reported to be in talks with Fortis over the purchase of a stake in the Belgian-Dutch financial services group's fund management unit.
Steel sector expects brisk M&As
2008-03-12 09:01:22
China's steel sector, which is the world's biggest but fragmented, is expected to embrace unprecedented mergers and acquisitions (M&As) over the next three years, an industry association leader said.