Top 3 profitable businesses in 2009 revealed

2010-03-16 18:29:29

Judging from 419 annual reports of Chinese companies, the top three were tolls for roads and bridges, banking and insurance and real estate, the Yangcheng Evening News reported today.

Who is the most generous listed company?

2010-03-16 17:43:59

Three listed companies have attracted people's attention with their generous dividends offering to shareholders in their annual reports, competing for the crown of "King of Dividends", the Beijing Morning Post reported.

3G fueled by 160b yuan in 2009

2010-03-16 17:10:36

China's three major telecom operators have built 325,000 3G base stations and invested up to 160.9 billion yuan ($23 billion) last year, according to the Ministry of Industry and Information Technology, YICAI.com reported today.

Bankers expect unchanged monetary policy

2010-03-16 15:48:22

More than half of Chinese bankers expect the monetary policy to stay unchanged in the next quarter, a survey by the central bank said.

New 'Land King' appears in Beijing

2010-03-16 15:30:54

On the morning of March 15, Sino Ocean Land won the auction for a plot of Beijing's Wangjing area at a price of 4.08 billion yuan, setting a new record in the area. At this price, the land cost 27,500 yuan ($4,029) per square meter of apartments to be built on the site.

China's SSF yields 84.9b yuan in 2009

2010-03-16 14:46:49

China's national government pension fund, the Social Security Fund (SSF) yielded 84.9 billion yuan ($12.44 billion) in 2009, with an investment return rate of 16.1 percent, the 21st Century Business Herald reported on Tuesday, citing the National Council for Social Security Fund (NCSSF).

Shanghai's new air terminal starts operation

2010-03-16 13:52:39

Two airport terminals and two runways at Shanghai Hongqiao Airport will work together after the official opening of Terminal 2 on March 16, which increased the airport"s capacity by 60 percent, the Oriental Morning Post reported.

Applications for rare earth mining suspended

2010-03-16 11:45:11

China decided to continue its control over the mining of tungsten ore, antimony ore and rare earth, the Ministry of Land and Resources announced on March 15.

China's power consumption grows 26% in Jan-Feb

2010-03-16 10:46:18

China's electricity consumption in the first two months grew 26 percent year-on-year to 626.4 billion kWh, People’s Daily reported on Tuesday, citing the National Energy Administration.

Sky-high salary sparks debate

2010-03-15 17:54:53

The sky-high salary of Frank Newman, chairman of Shenzhen Development Bank (SDB) sparked a debate, International Finance News reported on Monday.

Consumers love Hong Kong most

2010-03-15 17:16:52

Hong Kong was crowned champion by consumers, snatching first place in every sector, while Guizhou was the least pleasant destination, according to a survey conducted by sina.com.cn for the annual World Consumer Rights Day on March 15.

Few banks call off favorable first-home mortgage rate

2010-03-15 16:30:37

After the nation called off favorable policies for buying housing in Beijing, most banks in the capital city are still offering 30 percent discounts to first-home mortgages, Beijing Times reported on March 15.