ICBC to acquire Huarong Asset Management
2007-06-18 13:22:27
ICBC may buy Huarong Asset Management Co to expand into securities, leasing and other financial services, the China Securities Journal reported, citing unidentified sources.
Microsoft to buy stake in Changhong
2007-06-18 11:11:59
Microsoft Corp agreed to buy 0.8 percent of Sichuan Changhong Electric Co in a project that can connect computers and televisions to the Internet, the Chinese company said.
Minsheng plans US$2.6 bl bond sale
2007-06-18 13:18:18
China Minsheng Banking Corp plans to sell 20 billion yuan of bonds to boost capital and finance loan growth.
China Construction Bank to sell 9 billion A shares
2007-06-18 09:22:29
China Construction Bank Corp will sell 9 billion A shares, or 3.85 percent of its enlarged share capital, on the Shanghai Stock Exchange.
Sinopec to raise its gas output in Sichuan
2007-06-18 08:36:04
Sinopec has decided to increase its natural gas output goal in southwest China's Sichuan Province to three billion cubic meters for this year, company sources said yesterday.
Shenzhen bank plans to issue yuan bonds
2007-06-18 08:47:29
Shenzhen Development Bank said Saturday that it plans to issue subordinated and hybrid bonds to raise up to 16 billion yuan to boost its capital.
CITIC Securities has lofty IPO hopes
2007-06-15 13:12:30
CITIC Securities is looking to raise more than US$3 billion in a Hong Kong listing, according to recent domestic media reports.
Shenzhen bank share reform gets go-ahead
2007-06-14 13:37:57
After a delay of nearly a year, shareholders in Shenzhen Development Bank have approved a plan to reform its shareholding structure.
BoCom to double high-end service outlets
2007-06-14 13:22:27
Bank of Communications will double its high-end wealth management service outlets to 200 in China within 12 months, a senior bank executive told Shanghai Daily this morning.
Huadian Power to cut new plant spending
2007-06-14 08:42:25
Huadian Power International Corp plans to cut spending on new plants by two-thirds next year to increase profitability.
Chalco may restructure Baotou firm
2007-06-14 08:32:50
Aluminum Corp of China Ltd, the nation's biggest aluminum maker, said it might restructure Baotou Aluminum Co, prompting speculation it will acquire the company's assets.
Huaxia Bank names Beijing Vice Mayor Zhai chairwoman
2007-06-13 13:30:26
China's Huaxia Bank Co appointed Beijing Vice Mayor Zhai Hongxiang as chairwoman to replace Liu Haiyan, who's retiring.