Bank of China Jan-Sept profits up 10%
2012-10-26 10:19:51
Bank of China, the country's fourth-largest State-owned bank, said its net profits rose 10.37 percent to 106.36 billion yuan (about $16.9 billion) in the first three quarters of the year.
China Unicom reports 30% profit rise Jan-Sept
2012-10-26 10:17:40
China Unicom, the country's second-largest mobile operator, said Thursday that its net profits in the first three quarters rose 30.2 percent year on year to 5.41 billion yuan ($858.7 million).
Factory outlet sell-off suggests market oversupply
2012-10-26 10:13:30
One of China's major factory outlet centers has been making considerable losses for the past three years at its site in Shanghai.
Chinese firm expected to take stake in Niger uranium miner
2012-10-26 10:03:12
Areva SA is expected to reach agreement soon on the sale of a 13 percent stake in its Niger-based uranium mining operation Imouraren SA, to China Guangdong Nuclear Power Holding Co Ltd.
Wal-Mart to open 100 more stores in China
2012-10-26 09:36:32
Wal-Mart Stores Inc, the world's largest retailer in terms of sales, plans to open 100 new stores over the next three years in China.
French power group switches onto wage deal
2012-10-26 08:05:03
Electricite de France Group agreed on a collective contract with the company's trade union in China which represents 92 percent of employees.
Wilson Engineering gets new MTO Plant engineering design deal
2012-10-25 17:30:18
Wison Engineering Ltd., China's largest private petrochemical engineering, procurement and construction (EPC) contractor, signed in Shanghai on Thursday a contract with Shandong Yangmei Hengtong Chemical Co, Ltd. to design a 300,000 tonnes per annum methanol-to-olefin (MTO) plant.
Sinopec starts work on shale gas production demo area
2012-10-25 14:56:15
Sinopec Group has started work on China's first shale gas production demonstration area in Liangping county in Southwestern China's Chongqing municipality, the Chongqing Daily reported on Wednesday.
Samsung to build textile industrial park in Chongqing
2012-10-25 14:54:18
Samsung Group, in cooperation with Shandong Ruyi Group, will invest $21.5 million in Chongqing municipality to build a textile industrial park in Southwest China.
BOC rejects accusations over services for terrorist groups
2012-10-25 14:49:24
The Bank of China on Thursday rejected accusations by Israeli families who are reportedly suing the bank for providing banking services for terrorist groups.
Bank upgraded by KBW on improved foreign operations
2012-10-25 14:02:26
The bank currently trades at 0.9 times its estimated net asset value, 10 percent lower than the average for the industry, and KBW's pricing model suggests the shares could gain as much as 27 percent.
Cinda to sell 10b yuan of bonds in first debt sale
2012-10-25 14:00:37
China Cinda Asset Management Co, one of four companies formed in the 1990s to remove bad debt from the nation's banking system, plans to sell 10 billion yuan ($1.6 billion) of bonds in its first debt sale.