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Top Biz News
Beijing Polybona Film Distribution Co is aiming for a listing on the New York Stock Exchange in the second half of next year or the first half of 2011, Chief Executive Yu Dong said yesterday.
China National Petroleum Corp (CNPC), the country's largest oil and gas producer, commenced construction of an oil port in Myanmar on Oct 31, the company said yesterday on its website.
China's massive stimulus package was aimed at putting the economy back on a long-term growth trajectory - not stoking another property boom.
The overseas investment by Chinese companies rose 1 percent year on year in the first nine months against the backdrop of drastic decrease of international investment over the same period, a senior Chinese official said Tuesday.
China's tax revenue rose 2.2 percent year on year to 4.51 trillion yuan ($662.61 billion) in the first nine months, the Ministry of Finance said Tuesday.
China's banking regulator plans to review debt levels at some real estate developers on concern that the companies' borrowings are fueling excessive gains in property prices, a person familiar with the matter said.
Asia's largest refiner, Sinopec, and Saudi Basic Industries Corp inaugurated their new petrochemical complex, which can produce 1 million tons of ethylene annually and cost $2.7 billion, in Tianjin yesterday.
The International Monetary Fund on Tuesday released its latest growth forecasts for Hong Kong economy, projecting a contraction of 2 percent in 2009, followed by a growth of 5 percent in 2010.
More than one year after its debut as one of the world's largest Olympic venues, the Bird's Nest remains a financial albatross.
Entrepreneur Meng Kai is expected to join the Chinese rich club after the initial public offering of Beijing Xiangeqing Co Ltd yesterday.
The China Advertising Association publicly condemned 58 illegal infomercials on Sept 25 after an investigation by the State Administration of Industry and Commerce.
Cheung Kong (Holdings) Ltd Chairman Li Ka-shing is buying more shares in the property developer, the worst-performing stock this year among Hong Kong's five biggest real-estate companies.
| Name | Value | Change | Time |
| Shanghai | +1.25% | Tue | 3,235.36 |
| Shenzhen | +1.42% | Tue | 13,677.72 |
| HSI | +1.34% | Tue | 22,113.15 |
| NIKKEI | +2.43% | Tue | 9,572.20 |
| Dow | +0.34% | Mon | 10,344.80 |
| Nasdaq | +0.29% | Mon | 2,144.60 |
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