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Swiss drugmaker Novartis AG is considering a possible initial public offering (IPO) in China, joining a growing list of multinationals interested in selling yuan-denominated shares in Shanghai, two people with knowledge of the situation said.
After the pressure cooker of national exams, students are making the most of the summer vacation in a variety of ways.
The main portion of steel for the east span replacement of the San Francisco Bay Bridge was delivered on Monday by Shanghai Zhenhua Heavy Industries Co,China's biggest heavy machinery maker, said an official with the company.
China Travel International Investment Hong Kong Ltd(0308.HK) said on Monday that it was considering a spin-off for its hotel operations and expected its first half net profit to increase significantly.
Royal Philips Electronics NV plans to buy a unit of Chinese home appliance maker Shanghai Povos Enterprise Group Co for 2.3 billion yuan ($355 million) to 2.5 billion yuan, Xinhua News Agency reported, citing unidentified people familiar with the transaction.
"Made in China" used to be synonymous with cheap consumer goods, but one machinery maker wants to change the image of the nation's manufacturing sector.
DaVinci Furniture is under investigation after it was revealed that its products said to be imported from Italy were made in China.
Lenovo Group Ltd may not want to disclose its succession plans but at least it has one. There's a good reason for the secrecy: Revealing who is going to replace whom puts the group at a disadvantage because it will encourage competitors to recruit its best people.
China's top copper producer Jiangxi Copper Company Ltd has set up a trading firm in Shanghai with a Chinese company that has partnered with major firms such as BHP and Codelco, and a Hong Kong firm, to expand domestic and international trade.
China's Bright Food Group is in advanced talks to buy Australian branded food business Manassen Foods from CHAMP Private Equity, two sources with direct knowledge of the matter told Reuters on Monday.
The Hongkong and Shanghai Banking Corporation Ltd said Monday that it has appointed Peter Wong as chairman of its fully-owned subsidiary HSBC Bank (China) Company, succeeding Vincent Cheng, who retired from this position recently.
China Yurun Food Group Ltd said on Monday it expected to record significant increases in turnover and net profit for the six months ended in June from the same period a year ago.
