Minsheng 'may establish bad-loan asset company'

China Minsheng Banking Corp is studying plans to set up an bad-loan asset management company, as the Chinese lender seeks ways to rid itself of some of its $5.7 billion of non-performing loans (NPLs), people with knowledge of the matter said.

China Construction Bank eyes over 50 debt-to-equity swaps

China Construction Bank Corp said it has approached more than 50 companies that could convert debt to equity as part of the nation's efforts to tame an explosion in corporate leverage that poses risks for financial stability.

Unicom 'likely' to report profit slump

China Unicom Hong Kong Ltd said it expected to report on Friday an 80 percent slide in its profit for the nine months through September, due partly to higher selling and marketing expenses.

Tencent donates big to charity

Pony Ma says that mobile tech and social networks enable everyone to participate

Golf tournament stumps up funds to help oral hygiene

Arrail Group Ltd, the high-end oral healthcare provider, recently raised nearly 70,000 yuan ($10,493) in the Beijing section of the sixth national Arrail Cup Charity Golf Tournament. The event aims to help improve the oral hygiene of orphans and disabled children in Henan, Guizhou and Hubei provinces, and the Inner Mongolia autonomous region.

Manufacturers fail to profit from weak yuan

Chinese machinery manufacturers have found it difficult to profit from the recent depreciation of the renminbi in the short term, company executives said.

IN BRIEF (Page 18)

NDB focuses on green growth

China was a strong driving force behind the setting up of the New Development Bank, or NDB, which was established by the BRICS nations last year, its President K. V. Kamath said.

Listed firms seek high yields in realty

Some 1,305 companies listed on the Shanghai and Shenzhen bourses-44 percent of all the A-share companies-have invested a combined 595.1 billion yuan ($88.32 billion) in real estate, as companies seek long-term and stable income, data from analysts revealed on Tuesday.

Honda restarts expansion with Wuhan plant

Honda Motor Co said on Tuesday it has revived plans to expand production in China, beginning work on a new plant this year that will start operating in 2019.

Hyundai plans two new factories in China

South Korea's Hyundai Motor Co said two new factories in China will produce more environmentally friendly vehicles and models targeting the world's biggest auto market, as the automaker strives to fend off growing competition from Chinese rivals.

UK National Grid 'eyes Chinese bids'

National Grid Plc has selected a consortium of investors that includes Allianz SE and the infrastructure arm of Australian investment bank Macquarie Group Ltd as potential bidders for its UK gas distribution business, people familiar with the matter said.