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.
Jan auto sales robust, 1Q forcast optimistic
2010-02-25 15:59:55
China's vehicle production and sales continued their strong momentum in January. Sales growth is expected to top 15 percent this year, with rapid increases in the first half and a slowdown in the second, according to Shanghai Securities News.
Baosteel may buy into EU peers
2010-02-25 14:41:03
China's largest steel maker Baosteel Group has prepared 5 to 10 billion euros ($6.76 to $13.52 billion) to cooperate with or buy into one of the two candidate stainless steel makers in Europe, sources told the 21st Century Business Herald yesterday.
Tengzhong withdraws acquisition of Hummer
2010-02-25 09:51:07
Sichuan Tengzhong Heavy Industrial Machinery Co, Ltd (Tengzhong) Thursday announced that it is withdrawing its proposed acquisition of Hummer from General Motors (GM).
GM to shut down Hummer after China deal fizzles
Beijing cancels favorable policies on home purchases
2010-02-24 15:02:01
Beijing Tuesday cancelled all favorable policies for buying housing in the Chinese capital, including those for foreigners, in a bid to strengthen control over its real estate market, the 21st Century Business Herald reported.
China Mobile to cut staff salaries by 10%
2010-02-24 11:36:45
China's largest mobile operator China Mobile is to cut staff payments for five consecutive years starting from 2010, the National Business Daily reported today citing company insiders.
CNPC, Sinopec push up oil prices to cut stockpiles - report
2010-02-23 18:10:30
China National Petroleum Corp (CNPC) and China Petroleum & Chemical Corporation (Sinopec), the country's leading oil and gas producers, began to heat up wholesale prices of refined oil following the rebound of crude oil prices in the international marketplace.
New futures attract investor reluctance
2010-02-23 15:51:13
Investors are in a wait-and-see mood about the newly launched stock index futures, as less than 100 trading accounts were opened yesterday, the first day for account registration, sources told China Business News today.
China becomes a net coal importer in 2009
2010-02-23 13:33:36
China's net import volume of coal surged to 103 million tons in 2009, the first time for the country to become a net importer of its staple fuel.
Blue chips, others to benefit from index futures
2010-02-22 17:49:09
The planned stock index futures (SIF) will benefit four types of shares, according to the semimonthly business journal Chinese Entrepreneurs.
Four questions about stock index futures
2010-02-22 17:39:03
Will the high thresholds harm the liquidity of index futures? Will the new derivatives stimulate business growth in brokerage firms? What's the impact on the stock market? Here with the help of some securities analysts, we are trying to offer answers.
Baosteel to raise prices by up to $103 per ton
2010-02-22 11:14:03
China's largest steel mill Baoshan Iron & Steel (Baosteel) has raised March manufacturer prices, the China Business News reported today.