BOC starts exclusive service
2007-03-29 09:13:10
Bank of China (BOC) opened a private banking service in Beijing and Shanghai yesterday, the first local bank to target the super rich in China.
Shougang to axe 21% of workers
2007-03-29 08:51:34
Shougang Corp, China's ninth-biggest steel mill, plans to cut its workforce by 21 percent by the end of this decade as it moves production out of Beijing.
BOE to spin off LCD lines
2007-03-29 10:47:02
Shenzhen-listed CD display maker BOE Technology said yesterday it would spin off its fifth-generation LCD lines to haul it out of debt.
Gome claims top rank
2007-03-28 08:53:06
Gome Electrical Appliances Holdings Ltd is the country's largest retailer, surpassing its foreign and domestic rivals.
Huaxia Bank targets further growth in profit
2007-03-27 16:28:40
Huaxia Bank Co Ltd is targeting operating profit of 2.95 billion yuan (US$381 million) this year, up from 2.41 billion yuan in 2006.
Arcelor Mittal expects nod for Laiwu stake
2007-03-27 10:03:57
Arcelor Mittal, the world's largest steelmaker, expects to win regulatory approval to buy a stake in Chinese steelmaker Laiwu Steel Corp in the next two months.
Shanghai Pudong 2006 net profit up 31%
2007-03-26 16:58:39
Shanghai Pudong Development Bank Co Ltd said net profit last year rose 31 percent to 3.35 billion yuan (US$433 million).
Shenzhen bank mulls new reform plan
2007-03-26 16:25:26
Shenzhen Development Bank may propose a plan to make all its stock tradable, said the bank's chairman Frank Newman.
Shenhua profit up on higher demand
2007-03-26 11:36:42
China Shenhua Energy Co said its 2006 profit rose 12 percent after it increased production to meet higher demand.
Industrial Bank to issue US$2.5b debt
2007-03-23 14:12:23
Industrial Bank Co Ltd will issue 19 billion yuan (US$2.45 billion) worth of debt from Mar 27 through Mar 29, the bank announced.
BOC profit rockets 65%
2007-03-23 09:11:51
Bank of China (BOC) said yesterday its 2006 net profit soared 65 percent, on strong operating income and reduced taxes.
China's richest oil strike near Dalian
2007-03-23 09:15:42
China's biggest oil discovery in the past decade is a field near Dalian in the northern part of Bohai Bay, run independently by PetroChina.