Snowboard maker surfs for gold
2010-03-02 10:05:41
Watching the Winter Olympics from his home in Ningbo, Zhejiang province, Shi Dingwei was not only excited by the better-than-expected performance of the Chinese team, but also proud of the fact that snowboards used by the athletes from various countries were made in his workshop.
Railroad operator to float shares
2010-03-02 09:20:38
Railroad operator Beijing-Shanghai High-Speed Railway Co Ltd is planning to raise 30 to 50 billion yuan ($4.4-$7.3 billion) through an initial public offering (IPO) this year, a source with the Ministry of Railways told China Daily on Monday.
ICBC's NPL ratio in 2009 drops
2010-03-02 08:58:38
The non-performing loans (NPL) ratio of the Industrial and Commercial Bank of China (ICBC), the world's largest bank by market value, stood at 0.56 percent in 2009, down from 2.29 percent the previous year, ICBC said in a statement Monday.
Bank 'selling stake' to China Mobile
2010-02-27 09:48:09
Shanghai Pudong Development Bank, partly owned by Citigroup Inc, will raise about 40 billion yuan ($5.9 billion) by selling a roughly 20 percent strategic stake to China Mobile, two brokerages said.
Geely sets its sights on Zhongyu
2010-02-26 10:37:16
The parent company of Geely Automobile Holdings Ltd said yesterday it plans to buy Chinese special vehicle maker Zhejiang Zhongyu Automobile Co as it moves to expand its product portfolio.
China CNR to supply Shanghai subway cars
2010-02-26 10:36:05
China CNR Corp, one of the two largest train manufacturers in the country, is expanding its business in the urban rail transit equipment sector, which is expected to generate 900 billion yuan by 2015 - benefiting from a speed-up in the development of urban rail transportation systems.
COSCO to increase US-Asia cargo rates
2010-02-26 10:21:09
China COSCO Holdings Co and nine other shipping firms are planning to increase rates for hauling containers to Asia from the US in a bid to stem losses on transpacific routes.
Changhong accused of financial frauds
2010-02-25 18:12:15
Informants say Sichuan Changhong Electric Co, Ltd has been falsifying its financial reports for more than ten years, and authorities have begun looking into the case, the China Business News reported today.
BOC may raise 50b yuan through H-share issuance
2010-02-25 16:52:12
Bank of China (BOC) is about to issue H shares to raise 50 billion yuan, the National Business Daily reported on Thursday.
Ping An rolls dice on unpopular overseas banking model
2010-02-25 11:17:50
Ping An Insurance (Group) Co, the world's second-biggest life insurer, aims to sell banking and investing services to its 50 million customers with a one-stop shopping model being abandoned by US and European companies.
Espanyol agrees 4-year sponsorship with China's Li Ning company
2010-02-25 10:45:03
Spanish BBV Primera Liga club Espanyol announced on Wednesday that it had reached an agreement to sign a four-year sponsorship deal with the Chinese Li Ning Company Limited.
China Hainan Air completes $440m share placement
2010-02-25 10:31:33
Hainan Airlines Co, China's fourth-largest carrier, said on Thursday that it had completed a private placement of 595 million new shares worth 3 billion yuan.