ICBC lends $2.37b for snow disaster recovery
2008-02-21 09:02:04
ICBC, China's largest commercial bank, extended 16.94 billion yuan in loans over the past month to areas stricken by severe winter weather.
Expert: Banks to face tougher environment this year
2008-02-20 16:07:29
China's banking sector will face a harsher environment this year due to a global recession and tightening, a Fitch Ratings expert said.
Huawei, Symentec launch JV
2008-02-19 10:18:11
Telecom network equipment giant Huawei Technologies and US security software maker Symantec Corp have launched a joint venture in southwest China.
BOC profits up after offsetting subprime impact
2008-02-19 09:37:02
Bank of China, the largest holder of subprime-related assets in China, will report a "visible increase" in 2007 net profits, Chairman Xiao Gang said.
FAW Group Corp auto sales up 46.9% in January
2008-02-18 16:27:58
FAW Group Corp, one of China's largest automakers, said it sold 166,518 vehicles in January, a rise of 46.9 percent year-on-year.
Sinopec to sell $4.2b bonds to fund expansion
2008-02-18 11:52:28
China Petroleum & Chemical Corp (Sinopec) will sell 30 billion yuan of bonds to help build a cross-country pipeline and ethylene plants.
Ping An rakes in hefty premiums
2008-02-17 10:37:23
China Ping An, China's second largest life insurer raked in 14.51 billion yuan ($2.01 billion) in premiums in January, a hefty 49.33 percent increase year on year.
PICC approved to sell 10b yuan of bonds
2008-02-15 10:37:45
People's Insurance Company (Group) of China (PICC) has been approved to sell 10 billion yuan ($1.39 billion) worth of subordinated bonds to enlarge its capital.
Baidu profit beats estimates as company wins users
2008-02-14 15:52:29
Baidu.com Inc reported profit and sales that topped analysts' estimates after services to find celebrity news and videos helped attract users from Yahoo! Inc.
CITIC, Bear Sterns plan to increase stake in each other
2008-02-14 16:03:20
CITIC Securities and US investment bank Bear Sterns are to revise a share swap agreement, increasing the stake in each other.
China Mobile lends backing to LTE
2008-02-13 11:13:36
China Mobile is on Wednesday expected to lend its support to LTE, the wireless broadband standard that looks set to become the flagship 4G technology.
CNOOC's 2007 pretax profit up 17.5%
2008-02-03 09:08:06
China National Offshore Oil Corp, the country's No. 3 oil producer, said on Saturday that pretax profit jumped 17.5 percent year-on-year to 56.5 billion yuan in 2007.