Chengtong buys Metallurgical Corp shares

Metallurgical Corp of China Ltd, the country's biggest metallurgical engineering contractor, announced on Wednesday that 24.76 million of its nonpublic offering shares were purchased by China Chengtong Holdings Group Ltd, a State-owned asset-operating group.

Commercial banks' NPL ratio moves higher in Q4

The China Banking Regulatory Commission said on Tuesday that the nonperforming loan ratio of commercial banks in China a the fourth quarter came in at a 1.81 percent, up from an NPL ratio of 1.76 percent in the third quarter - a development which triggered further measures by the national banking regulator.

China Southern mixed ownership plan uncertain

State-owned China Southern Airlines denied immediate plans to bring other major shareholders into the company on Wednesday - hard on the heels of reports the previous day of a mixed ownership plan which pushed the stock price up 7.38 percent.

Walmart fights children's malnutrition

Walmart Inc donated 2.65 million yuan ($382,175) it has raised from its staff, suppliers and customers to a Chinese foundation in early January, aiming to enhance the nutritional conditions of more students living in poor areas.

GAC Motor to help build green expo

GAC Motor Co Ltd, the subsidiary of the Guangzhou Automobile Group Co, has signed an agreement with a local science institution to build a low-carbon and new energy exhibition, aiming to promote an environmentally-friendly lifestyle.

Vicks issues handbook on colds

Vicks, a cold and cough medicine brand of Procter & Gamble and Zhong Nanshan, a renowned academician of the Chinese Academy of Engineering, jointly released a handbook on cold prevention and treatment in Guangzhou.

IN BRIEF (Page 18)

PSBC and IBM build up blockchain banking system

The Postal Savings Bank of China Co Ltd announced on Tuesday that it has launched a blockchain-based system for its asset custody business.

Stocks step back from recent 'reform' rally

China's main indexes edged lower on Tuesday, as investors took profits after a recent strong rally fueled by reforms hopes.

Soccer-rights firm draws interest from Yunfeng

Yunfeng Capital - the fund backed by Chinese e-commerce billionaire Jack Ma, and HNA Group Co - is among participants preparing second-round bids for stakes in Spanish audiovisual company Imagina Media Audiovisual SL, according to sources with knowledge of the process.

Chinese tech companies sweep into CES show

The growing presence of Chinese companies at the Consumer Electronics Show indicates a stronger-than-ever desire to crack the US market, as they work hard to gain an edge in high-end gadgets, analysts said on Monday.

New Nokia to struggle in China market

The new Nokia-branded smartphone may not be able to compete with Chinese local handset brands, as the country now represents the most competitive smartphone market in the globe, analysts said on Monday.