Beijing municipality to promote local IPOs
2011-05-18 11:09:20
Beijing municipality is in talks with "several" large foreign equity investment institutions, and plans to jointly launch more private equity funds in mid-June 2011 to promote the listing of local companies, said an official with the Beijing Municipal Bureau of Financial Work.
Citic to acquire Sydney gold firm
2011-05-17 13:17:33
China's State-owned investment company Citic Group and its partners agreed to buy Gold One International Ltd for about A$444 million ($469 million) to gain gold assets in South Africa.
Sinosteel appoints new president to drive growth
2011-05-17 13:12:54
Sinosteel Group, China's largest iron ore trader, has announced the appointment of Jia Baojun as its president to replace the outgoing Huang Tianwen, according to the company's website on Monday.
China Mobile signals cover Nansha Islands
2011-05-17 11:23:36
China Mobile said on Monday that its mobile communications signals have been extended to provide service on the Nansha Islands.
China Mobile plays a vital role in emergency communications
2011-05-16 14:10:46
China Mobile Communications Corp, the world's largest mobile telecom operator by network size and subscribers, is committed to building a responsible network and improving its service quality.
Shenhua reaps huge profits from CTL project
2011-05-16 09:23:42
Shenhua Group, China's largest coal producer, has made huge profits from its pilot coal-to-liquid (CTL) project in north China in the first three months of this year, a company executive said Saturday.
Two Chinese firms debut on NYSE
2011-05-13 15:13:10
Two Chinese companies have now debuted on the New York Stock Exchange. However, the offerings have been mixed.
Moller-Maersk revenue rises
2011-05-13 13:48:27
The global shipping giant AP Moller-Maersk has reported a 10 percent year-on-year increase in first quarter (Q1) revenue to $14.5 billion. Q1 profit surged by 82 percent to $1.2 billion.
CIC considers new-capital mechanism revamp
2011-05-13 09:17:52
China Investment Corp (CIC), the country's $300 billion sovereign wealth fund (SWF), is considering setting up a mechanism for continued new capital, as the country accumulates foreign exchange reserves, said a senior executive on Thursday.
Renren shares trade below offer price
2011-05-12 16:21:15
Shares of social China's networking site Renren have now fallen below its initial offering price of 14 US dollars, reversing all the gains it made in its market debut.
Survey fund helps locate 50 major mines in China
2011-05-12 15:58:42
Fifty major ore fields have been found over the past four years since China set up a special fund to help geologists survey the country's minerals amid growing demands for resources, an official who manages the fund said Wednesday.
Sanofi supports diabetes plan
2011-05-12 13:29:39
Sanofi SA, the maker of the Lantus diabetes medicine, will support a five-year plan by China's health ministry on diabetes management, the Paris-based drugmaker said.