Postal Savings Bank of China Corp Ltd, the sixth-largest commercial lender in China by assets, said on Wednesday that the China Banking Regulatory Commission has approved the bank's plan to raise as much as 45.1 billion yuan ($7 billion) from 10 strategic foreign and domestic investors ahead of a possible initial public offering.
Work on the sixth unit at the Fuqing nuclear power plant in Fujian province is expected to start later this month, officials said on Wednesday.
Huawei Technologies Co Ltd has turned to a former Nokia and Lenovo executive to steer and maintain its edge in the highly competitive smartphone market.
Alibaba Group Holding Ltd, China's e-commerce giant, has signed an eight-year partnership agreement with FIFA, in which its Internet car brand Alibaba E-Auto will be an official supporter of the FIFA Club World Cup.
Big data has become a catchword in business circles. One often hears of companies, enterprises or even governments going gaga over the technology and the innumerable economic benefits it brings in its train.
A Chinese-owned consortium appears to have successfully fought off a challenge from a rival Australian group bidding to buy the country's oldest dairy company, after a judge dismissed an injunction holding up the sale.
That hordes of Chinese tourists love to visit Japan is well known, but not so well known is Chinese companies' penchant to invest in the Land of the Rising Sun.
The outlook for investments in China may be uncertain, but Chinese companies' appetite for mergers and acquisitions in developed markets remains at a decade high of 53 deals this year, according to the latest edition of KPMG's High Growth Markets Tracker.
China's securities regulator appears close to pushing ahead the long-awaited registration-based process for initial public offerings, sources familiar with the matter said on Tuesday.
The post-1980s generation is becoming the backbone of the Chinese economy, not only because of the growing contribution they make in the workplace, but also the money they spend online, new research shows.
China United Network Communications Group Co Ltd said on Tuesday it will spare no efforts to offer better 4G services and products, as the carrier is struggling to catch up with market leader China Mobile Co Ltd.
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Raymond Zhou
Op Rana
Berlin Fang
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Chen Weihua
