ICBC targets investment banking, insurance
2007-06-12 14:58:05
ICBC, the nation's largest, is seeking an investment banking license amid efforts to expand globally over the next two to three years, Chairman Jiang Jianqing said.
Insurer gets foreign currency policy approval
2007-06-12 08:45:49
China Life, the country's largest life insurer, has received approval from the industry regulator to run foreign currency-denominated policies, the company's assistant president said.
China's largest machine tool manufacturer sells 30% stake to US company
2007-06-12 14:08:57
China's largest machine tool manufacturer, the Shenyang Machine Tool Group, signed an agreement to sell 30 percent of its equities to the U.S. fund management company JANA.
Lifan switches IPO to Shanghai from HK
2007-06-11 13:38:04
Chongqing Lifan Holdings, China's biggest motorcycle exporter, said it plans to sell as much as a 25 percent stake though IPO to take advantage of a stock market boom and fund overseas expansion.
ZTE, China Mobile sign 3G equipment order
2007-06-11 13:44:02
ZTE Corp said it signed a 2.37 billion yuan contract to build a high- speed wireless network for China Mobile Communications Corp.
Investors rush to new funds
2007-06-12 08:25:35
The growing volatility of China's stock market prompted investors to seek professional help yesterday as 25 billion yuan was dumped into units of two new mutual funds.
Gold Exchange is to enroll foreign banks
2007-06-11 11:21:58
The central bank said on Friday it had agreed in principle that foreign banks operating in China could be enrolled as members of the Shanghai Gold Exchange.
HSBC Bank will roll out expanded QDII plan
2007-06-11 09:17:10
HSBC Bank will roll out today an expanded QDII offering, allowing Chinese mainland citizens to gain investment opportunities in the overseas equity markets.
China's bank wins FT Sustainable award
2007-06-08 13:20:46
China's Industrial Bank emerged as runner-up in the Sustainable Deal of the Year category at the Financial Times Sustainable Banking Awards ceremony.
Tianjin seeks to be site of first OTC market
2007-06-08 10:43:30
China'S northern city of Tianjin has applied to set up the country's first national over-the-counter stock exchange , a vice mayor of Tianjin said.
Four equity funds set to get the nod
2007-06-08 10:34:39
The establishment of four private equity funds has got the go-ahead from the country's top economic planner, according to highly-placed sources.
Gold exchange considers derivatives trading
2007-06-07 16:09:09
Shanghai Gold Exchange, which already offers spot trading, wants to trade gold and silver futures as it aims to offer investors the option of derivatives trading.