China Development Bank to boost cooperation with Africa
2013-03-19 10:57:02
China Development Bank (CDB) will continue to enhance financial cooperation with African countries, Yuan Li, vice president of CDB, said Monday.
Standard Chartered invests in babies products
2013-03-19 10:44:28
Guangdong Aiyingdao Children Department Store Co Ltd has signed a strategic partnership with Standard Chartered Private Equity Limited.
Wal-Mart denies China withdrawal, announces new stores
2013-03-18 16:50:53
Wal-Mart Stores Inc will open three new stores in China by the end of May, confirmed the US retail giant's Chinese division on Monday.
Siemens launches renminbi VC business
2013-03-18 16:37:51
Siemens Financial Services said on Monday that its unit Siemens Venture Capital Co Ltd has launched a fund devoted to renminbi onshore deals.
Toyota to recall defective cars in China
2013-03-18 11:16:47
The Japanese automaker Toyota will recall some 4,400 units of FJ Cruiser cars in China over seat belt flaws, China's consumer quality watchdog said Saturday.
Chinese enterprises' obligations abroad
2013-03-18 10:09:10
China guides its enterprises toward fulfilling their social responsibilities when investing abroad.
Bank of China's chairman Xiao Gang resigns
2013-03-18 09:37:05
Xiao Gang, chairman of Bank of China, resigned on Sunday, said a statement on the lender's website. "Due to the necessity of the country's financial work," Xiao had handed in his resignation which turned effective on Sunday, the statement said.
China sets up $167b State-owned railway corp
2013-03-18 09:34:49
The Chinese government has given the green light to set up a national railway company with a registered capital of more than 1 trillion yuan.
Suntech 'could be sued' over $541m in bonds
2013-03-18 05:42:24
The trustee administering $541 million in bonds from Suntech Power Holdings Co sent the solar company a notice of default on Saturday as the deadline to redeem the notes passed.
Drug maker to appeal US price-fixing fines
2013-03-18 05:53:36
A major Chinese drug maker has said it will appeal massive antitrust fines ordered by a US federal court in New York.
CIC sells China Longyuan Power shares
2013-03-15 21:42:10
China Investment Corp, China's sovereign wealth fund, cashed out 1.04 billion yuan ($165.8 million) from Hong Kong-listed company China Longyuan Power Group Corp by selling 4.49 percent of its H shares, according to data from the Hong Kong Stock Exchange on Friday.
Greenland Group to tap Australian property market
2013-03-15 21:49:20
Shanghai-based property developer Greenland Group is to invest A$480 million ($498 million) in an Australian property project, becoming the latest Chinese developer to explore an overseas market.