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Spring Airlines Co Ltd, China's only budget carrier, is set to establish a subsidiary in Japan as part of its efforts to explore international markets. Preparatory work is currently under way.
China Citic Bank said on Monday its first-half net profits climbed 40.61 percent year-on-year to 15.02 billion yuan ($2.35 billion).
Silicon Graphics Inc (SGI) announced it will double the size of its Chinese workforce and expects sales revenue in the country to increase fivefold to $50 million over the next three years in an exclusive interview with China Daily.
Air China, the country's flag carrier, said on Monday that it had won regulatory approval to engage in fuel hedging, adding it will enter contracts when oil price volatility decreases, Reuters reported.
Standards for customer relations in China seem to be lower when compared to western developed countries.
Gome Electrical Appliances Holding Ltd, China's second-largest electronic appliances distributor, said on Monday that 60 percent of its new stores for 2011 will be opened in second-tier Chinese cities.
Chinese photovoltaic equipment maker Beijing Jingyuntong Technology has set an initial public offering price at 50 times its historic earnings, boosted by demand from the country's push for solar energy, Reuters reported.
Chinese credit rating agency Dagong Global on Monday downgraded the credit rating outlook for South Africa from stable to negative.
China Petroleum and Chemical Corp (Sinopec Corp) has reported a net profit of 40.2 billion yuan ($6.3 billion). The figure exceeded expectations and increased 9.4 percent compared to the same period last year.
The China Pacific Insurance (Group) Co said Monday that its net profits jumped 44.7 percent year-on-year to 5.82 billion yuan ($911.04 million) in the first half of the year.
China International Travel Service Corp said its net profit in the first half surged 44.85 percent year on year to reach 331 million yuan ($52 million).
China's Bright Food (Group) Co Ltd signed a strategic partnership agreement with Food Holdings Pty Ltd (Manassen Foods) on Monday, under which Bright Food will acquire a 75 percent equity stake in Manassen Foods.
