Bank of Beijing to set up fund management arm

2013-03-15 21:27:01

Bank of Beijing Co Ltd announced that it has been granted approval by the China Securities Regulatory Commission to establish a fund management company, the first of five urban commercial bank applicants in 2013 by Friday.

Chinese firm to buy stake in Belgian port operator

2013-03-15 18:41:43

China Shipping Terminal Development Co, a unit of China Shipping Container Lines Co, will buy a 24 percent stake in a Belgian container port terminal, in another major global purchase by a Chinese shipping firm.

Apple Inc criticized for double-standard warranties

2013-03-16 10:45:31

The world's most popular cell phone producer, Apple Inc, has adopted differential policies for repair and return services in China, CCTV has reported.

Web bosses go into politics

2013-03-16 08:03:35

A number of big names in China's Internet industry have made their way to the nation's top legislative and advisory bodies as the industry's prominence has grown.

Ping An to issue bond to boost capital levels

2013-03-16 08:03:35

Ping An Insurance (Group) Co of China Ltd is planning a 26 billion yuan ($4.2 billion) convertible bond issue to boost its capital reserves.

ENN to expand in US market

2013-03-16 08:03:35

ENN Group Co Ltd, a private Chinese energy company, said it plans to expand the number of its natural gas filling stations in the United States to about 50 this year from the two it owns in the western state of Utah.

Unusual share dealing keeps focus on Suntech

2013-03-16 08:03:35

Suntech Power Holdings Corp, one of the world's largest solar panel makers, has been contacted by the New York Stock Exchange regarding unusual trading of its American depositary shares.

Samsung unveils Galaxy S4 smartphone

2013-03-15 13:46:30

Samsung Electronics, the world's largest maker of memory chips, mobile phones and display panels, unveiled on Friday its new flagship smartphone Galaxy S4.

Wal-Mart to expand in Fujian: report

2013-03-15 16:32:55

Wal-Mart Stores Inc will accelerate its expansion in southeast China's Fujian province, the Strait News, a local newspaper in Xiamen, reported on Thursday.

Longfor's 2012 net profit up 19%

2013-03-15 16:25:46

Longfor, a Hong Kong-listed property developer, reported a net profit of 54 billion yuan ($8.57 billion) in 2012, an increase of 19.4 percent year-on-year.

Hainan Airlines' net profit down 26.74% in 2012

2013-03-15 16:22:09

Hainan Airlines reported a net profit of 1.93 billion yuan ($310 million) in 2012, down 26.74 percent year-on-year.

VW ramps up China production to offset weak Europe

2013-03-15 14:48:42

Volkswagen plans to almost double production capacity in China over the next five years to grab a bigger slice of fast-growing emerging markets and offset declining demand at home.