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Hutchison Whampoa Ltd, billionaire Li Ka-shing's biggest company, posted first-half profit that missed analysts' estimates after its Australian mobile-phone unit posted a loss, eroding higher earnings from utilities and energy investments.
Stated-owned enterprises are stepping up the divestment of 100 billion yuan worth of hotel assets to comply with government directives to focus on their core businesses.
A Chinese company would likely supply silicon storage batteries to automakers in the Republic of Korea (ROK) for the production of electric cars, according to a framework agreement.
Top Chinese automaker SAIC Motor Corp saw July vehicle sales fall 2.97 percent from a year ago, amid a slowdown in the world's largest auto market, Reuters reported Friday.
Industrial and Commercial Bank of China Ltd (ICBC) said on Friday it would buy stakes in Standard Bank Argentina and another two institutions from Standard Bank Group Ltd for about $600 million.
Tudou Holdings Ltd, which is clinging to second place in China's online video market, could shore up its position in the sector with funds raised from a pending initial public offering.
JPMorgan Chase & Co said it aims to triple its revenue in China over the next five years by targeting large-scale Chinese and international corporations and financial institutions in China.
China Vanke ,the country's largest property developer by revenue, said property sales for July were up slightly from a year earlier at 9.1 billion yuan ($1.4 billion), Reuters reported Thursday.
General Motors Co expects to conclude a deal to bring the automaker's stake in its China joint venture back to 50 percent, Reuters reported Thursday, citing Chief Executive Daniel Akerson.
Cheung Kong Holdings, the real estate company controlled by Hong Kong billionaire Li Ka-shing, said on Thursday its net profit in the first half of 2011 jumped 169 percent from a year ago to HK$33,259 million (about $4,264 million).
Hutchison Whampoa Ltd , Hong Kong billionaire Li Ka-shing's flagship ports-to-telecoms company, posted a 632 percent rise in first-half net profit, helped by hefty one-off gain from the spin-off of its port assets.
China South Locomotive and Rolling Stock Industry Group Corporation (CSR), the country's largest bullet train producer, reported nearly 40 percent surge in business revenue last year.
