Business

IN BRIEF (Page 9)

(China Daily)
Updated: 2011-01-08 07:29
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China's gold production rises

China's gold output last year may have been more than 340 tons, the Ministry of Industry and Information Technology said in a statement on its website on Friday.

Gold output from January to November 2010 was 308.39 tons, up 9.2 percent from a year earlier, the statement said.

Boao Forum heads for Hainan

The Boao Forum for Asia (BFA) will be held in Hainan from April 14 to 16, attracting politicians, business leaders and intellectuals from across the globe to discuss ways to ensure economic growth and aid social development.

The BFA Secretariat has signed agreements for the conference with a number of sponsors, including Volvo Group, Fortescue Metals Group and Moutai Group.

China Minsheng plans share sale

China Minsheng Banking Corp, the nation's first non-State lender, plans to raise about 21.5 billion yuan ($3.2 billion) in a share sale in Shanghai.

Minsheng will sell as many as 4.7 billion shares for 4.57 yuan each in private placements, the Beijing-based lender said in a statement to the Hong Kong Stock Exchange on Friday. Chairman Dong Wenbiao aims to plug a shortfall in the bank's capital adequacy ratio after it fell to the second-lowest among Hong Kong-traded lenders.

Ford sales motoring along

Ford Motor Co said its vehicle sales in China rose 40 percent last year as customers bought more Focus compact cars and Fiesta subcompacts in the world's largest auto market.

Deliveries rose to 582,467 vehicles, the Dearborn, Michigan-based automaker said on Thursday. Sales in December rose 52 percent from a year earlier to 56,880. Ford's full-year sales in China climbed to a record as rising disposable incomes and economic growth spurred demand.

Rapeseed oil sold at auction

China sold 92 percent of the 98,334 metric tons of reserve rapeseed oil offered in auctions on Friday at an average price of 9,682 yuan ($1,460) a ton, the National Grain & Oil Trade Center said.

The prices paid ranged from 9,200 yuan to 10,150 yuan a ton, according to a statement of auction results posted on the website of the center, which is owned by the State Administration of Grain.

China Daily - Bloomberg News

(China Daily 01/08/2011 page9)