Business Roundup

Barclays weathers subprime storm

The US subprime crisis is a nightmare for many international financial institutions. But for Barclays, the UK's third largest bank, it also represents a good opportunity for an industry reshuffle.

Biz scene

MARKET

Special Supplement

Tsingtao Beer raising a toast to the Olympics

QINGDAO: As a sponsor of the 2008 Beijing Olympics, Tsingtao Beer is preparing to raise its glass in a toast to the entire world

Longkou forges ahead on building modern port

YANTAI: Longkou Port is accelerating its pace of expansion in its bid to become a modern port that will one day have an annual throughput of 100 million tons of goods.

Andre has sweet success making food additive

YANTAI: Yantai Andre Pectin Group says it has formed a natural eco-friendly production cycle in its joint venture while at the same time becoming the first to make the food additive pectin in China.

Vintner Changyu expands with foreign partners

YANTAI: When Zhang Bishi, an overseas Chinese living in Malaysia, founded Changyu in 1892, it was not likely that even he dreamed that 116 years later Changyu Wine Group Co Ltd would be a producer of international wines.

Business Roundup

Ping An jumps 7.9% as stocks rebound

The Shanghai stock market rebounded in heavy trade yesterday, led by a nearly 8 percent jump in Ping An Insurance after shareholders approved its controversial plan for an equity issue that could raise some $17 billion.

'Right time' to launch second board market

The long-awaited second board market is likely to be launched within two months - and for capital-hungry start-ups and high-growth firms, it can't come sooner.

Biz scene

GRAPEVINE