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ABC to become a constituent of CSI, SSE indices

2010-07-16 17:15:42

Agricultural Bank of China (ABC), the last of the "Big Four" State-owned lenders to go public, will become a constituent of the SSE 180 Index, SSE 50 Index, SSE Mega-Cap Index, CSI 300 Index and CSI 100 Index on July 29, the financial website Caing.com reported Friday.

Steelmakers to see new low in profits in July

2010-07-16 17:13:49

Chinese steelmakers are likely to see a new low in profits in July amid rising iron ore prices and falling steel prices, the Economic Information Daily reported, citing a steel association official.

China may bid for 2026 World Cup, fans say no

2010-07-16 17:10:39

In just 16 years, China's devoted soccer fans may be spared the trouble of staying up all night for the World Cup as the country is going for its first ever bid, for the 2026 tournament.

China Eastern expects 50% net profit hike in H1

2010-07-16 15:23:43

China Eastern Airlines said on Thursday it expects its first-half net profit to increase more than 50% due to the rapid growth of the domestic market and cost reductions after its consolidation with Shanghai Airlines.

'China Top Brand' to be phased out

2010-07-16 13:49:05

The so-called "China Top Brand," a title conferred by the General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ) on selected promising enterprises, will be gradually suspended from use, the Beijing Times reported Friday.

China to add 20,000 km of rail in west regions

2010-07-16 12:00:01

China plans to add 20,000 kilometers of operational railways to the network in the western regions in the next 10 years, involving a total investment of 1.5 trillion yuan ($221.51 billion), the China Business News reported Friday.

TCL, Toshiba to form joint venture

2010-07-16 11:55:38

Chinese consumer electronics maker TCL Corp said it inked an agreement with Japan's Toshiba Corp Thursday to set up a 50-million-yuan joint venture to sell liquid crystal display (LCD) televisions in the Chinese market.

60% of white collars plan to leave cities

2010-07-16 10:46:00

Nearly 60 percent of white-collar workers have plans to leave first-tier cities such as Beijing, Shanghai, Guangzhou and Shenzhen, according to an online survey, chinanews.com.cn reported Friday.

Zijin execs detained after acid spill

2010-07-16 10:13:16

Zijin, the largest gold producer on the mainland, was ordered to suspend their production to deal with the July 3 acid spill that polluted a river and poisoned tons of fish in Shanghang county.

IBM pilots healthcare solution with Peking University

2010-07-15 17:33:56

IBM is partnering with Peking University People's Hospital to pilot a software system that will reduce medical errors and increase doctor efficiency, the company announced today.

China Internet population hits 420m

2010-07-15 17:27:44

The number of Chinese Internet users hit 420 million, with 277 million accessing the Internet via cell phones, portal website sina.com.cn reported, citing a report published by China Internet Network Information Center (CNNIC).

CSRC unveils classification of securities firms

2010-07-15 17:08:24

The China Securities Regulatory Commission (CSRC) recently unveiled for the first time classification and evaluation results of securities firms to promote transparency in supervising the sector, the China Securities Journal reported Wednesday.