Laiwu Steel extends buyout accord
2007-06-13 08:44:04
Laiwu Steel Group has for the second time extended an accord to sell 38.4 percent of its Shanghai-listed arm, Laiwu Steel Corp, to Arcelor Mittal.
Huaneng is to close small plants
2007-06-13 09:36:13
China Huaneng Group, the nation's biggest power company, said it will shut small, coal-fired power plants that account for about six percent of its total capacity by 2010.
Stocks rise for 6th day, regain 4,000-point foothold
2007-06-12 15:54:09
Chinese stocks rose for the 6th consecutive trading day today.The Shanghai Composite Index closed at 4,072.14, up 1.91 percent from yesterday's closing.
ICBC targets investment banking, insurance
2007-06-12 14:58:05
ICBC, the nation's largest, is seeking an investment banking license amid efforts to expand globally over the next two to three years, Chairman Jiang Jianqing said.
Growth enterprises market is considered
2007-06-12 14:38:18
The growth enterprises market, which targets China's plentiful small- and medium-sized enterprises, is under preparation.
Bourse bans buying stock with loans
2007-06-12 14:16:11
Listed firms must not trade equities with bank loans and must seek shareholder approval before large investments, according to guidelines from the Shenzhen Stock Exchange.
China's largest machine tool manufacturer sells 30% stake to US company
2007-06-12 14:08:57
China's largest machine tool manufacturer, the Shenyang Machine Tool Group, signed an agreement to sell 30 percent of its equities to the U.S. fund management company JANA.
Insurer gets foreign currency policy approval
2007-06-12 08:45:49
China Life, the country's largest life insurer, has received approval from the industry regulator to run foreign currency-denominated policies, the company's assistant president said.
Xiamen bank eyes IPO
2007-06-12 09:09:20
Xiamen International Bank is planning to sell shares to fund expansion, a source said yesterday.
New CSI subsidiary indexes will be launched
2007-06-12 08:52:00
China Securities Index Co Ltd said it will launch 10 CSI300 subsidiary indexes on July 2.
Treasury bond to be issued
2007-06-12 08:30:01
China's Ministry of Finance will sell a special treasury bond to raise money to buy foreign-exchange reserves from the central bank, a finance ministry official said.
Investors rush to new funds
2007-06-12 08:25:35
The growing volatility of China's stock market prompted investors to seek professional help yesterday as 25 billion yuan was dumped into units of two new mutual funds.