Huawei becomes largest haj telecom supplier

Huawei Technology has become the largest telecom services equipment supplier for the haj, the company said yesterday.

Gome finances acquisition of rival Dazhong

Gome Electrical Appliance will finance the 3.6 billion yuan acquisition of Beijing Dazhong Electronics, with an option to buy the rival later itself.

HSBC Holdings is talking with Chinese regulators about selling shares in the country, its Asia-Pacific chairman said.

The preparation work for a second board market is underway, and it is expected to be launched in the first half of next year, an official said.

China International Capital Corp acquired a QDII investment quota of $5 billion, a forex management official said.

The salaries of top executives in listed companies could be a key indicator to measure corporate governance.

Daqing Petroleum & Chemical Co, a unit of PetroChina, will begin expanding its ethylene production facilities this month.

Baosteel Group, China's largest steel maker, has launched a 19.4-billion-yuan ($2.6 billion) joint venture with Hansteel Group.

China Film Group, China's largest state-owned movie producer and distributor, issued 500 million yuan worth of bond Friday.

Sinopec, the country's largest oil refiner, said it believed it would not receive a large subsidy this year from the government.

China's finance ministry sold 26.35 billion yuan of 10-year notes, completing this year's special bond issue.

China's banking regulator is likely to permit the banks' QDII units to invest in US and European stocks markets.