Foreign banks flock to China's rural areas

2011-08-24 10:15:27

Although China had seen rapid reform in its financial sector in recent decades, rural financing is relatively weak. More and more foreign banks flock to the country's rural areas to open county bank branches, competing in the rural finanicil market.

Time running out for third-party payment firms

2011-08-24 10:11:19

There are fewer than 10 days left for third-party payment companies to obtain a payment business license issued by the People's Bank of China (PBOC).

Just the ticket for travelers?

2011-08-24 10:01:32

In an eventful month since the highly publicized opening of the high-speed rail link between Beijing and Shanghai, airline companies are still trying to figure out what impact the service will have on their income from the busiest and most profitable domestic route.

German group drawn by China's vehicle ambitions

2011-08-24 10:36:29

German logistics service provider BLG Logistics Group officially entered the Chinese market by establishing a local joint venture on Tuesday, saying that it saw a promising future in the world's largest vehicle market.

Minsheng's financing plan awaiting approval

2011-08-24 10:10:35

Senior executives of China Minsheng Banking Corp (CMBC) said on Tuesday that its financing plan released in February will cover the bank's capital requirements for the next two and a half years.

Manufacturing set for slower contraction

2011-08-24 09:31:21

China's manufacturing may contract at a slower pace in August amid slumping global confidence.

Chinese consumer confidence slips

2011-08-24 09:22:34

Chinese consumer confidence slipped 3 points to 105 in the second quarter. It's the first decline this year and comes amid concern over growing inflation, according to a report by The Nielsen Co released on Tuesday.

Weak world conditions to curb trade growth in 2011

2011-08-24 09:20:19

China's foreign trade is unlikely to grow as fast in 2011 as it did last year due to weakening global demand and rising costs, Vice-Minister of Commerce Jiang Yaoping said on Tuesday.

More high-speed trains slow down to improve safety

2011-08-23 14:34:10

More high-speed trains will slow down starting Sunday to increase safety, rail authorities said.

Great Wall shares decline on sales doubts

2011-08-23 11:11:57

Shares of Great Wall Motor Co fell the most in more than two months in Hong Kong trading on Monday. The decline came after Wei Jianjun, the company's chairman, said China's largest maker of pickup trucks may not meet its 500,000-unit sales target this year.

Taikang Life looks for dual listings

2011-08-23 11:00:12

Taikang Life Insurance Co Ltd, the country's fifth-largest life insurer, plans to have a dual listing in Hong Kong and Shanghai within three years, Chairman Chen Dongsheng said on Monday.

Geely profits beat estimates

2011-08-23 11:17:21

Geely Automobile Holdings Ltd, whose parent owns Volvo Car Corp, boosted profit by 17 percent in the first six months as rising incomes in China increased car sales.