CITIC Capital Holdings Ltd, a Chinese leading investment management and advisory firm attached to CITIC Group, announced on Apr. 20 that it hopes to purchase a high-end residential property from Macquarie Group for RMB 250 million.The apartment building, located in Shanghai, covers a floor area of...
UBS AG, a Switzerland-based premier global financial services company, will go on its expansion plans in China, in spite of a series of worldwide cost-trimming moves amid the global financial crisis, the China Daily reported, quoting Lord Brittan, vice chairman of UBS Investment Bank....
Chrysler LLC plans to set up a manufacturing plant in China, in a bid to become a "meaningful player" in the country, John Kett, vice president of Chrysler and CEO of Chrysler Asia Pacific, said on Monday, Shanghai Daily reported.Chrysler, who has been required to form an alliance with Italy's Fiat SpA by the...
U.S.-based ice cream chain Dairy Queen (DQ) plans to add 100 more stores in 12 Chinese cities this year, despite the economic downturn, said Echo Yang, marketing director of Shanghai Shida Catering Management Co Ltd, DQ's largest franchisee in the country, the China Daily reported on Tuesday....
South Korea-based CJ group, the nation's largest comprehensive food company, announced Sunday in Beijing that it will increase its investments in China by RMB 5 billion during the next five years, despite the global economic recession.The company, eyeing great potential in the Chinese market, plans to fully...
Cisco Systems, the world's largest supplier of networking equipment, on Apr. 17 launched a joint green technology R&D lab with Tsinghua University, sources reported.The joint lab will be operated by the Department of Electronic Engineering of Tsinghua University and the Cisco China Green Research and...
State-owned Aviation Industry Corp of China (AVIC), the country's leading aviation manufacturer, Thursday signed a strategic cooperation agreement with the Export-Import Bank of China (China Exim Bank), the Shanghai Securities News reported....
Franshion Properties (China) Ltd<817>, a subsidiary of Sinochem Corporation, announced on Apr. 14 that it had received a credit line of RMB 20 billion from the Beijing branch of Bank of China (BOC)<601988><3988>, sources reported.Under the terms of the agreement, BOC's Beijing branch will also be...
China's total fixed asset investment surged 28.8% year on year to RMB 2.81 trillion (US$41.1 billion) in the first quarter of this year, according to statistics released by the National Bureau of Statistics (NBS) today. The growth rate is 4.2% higher than a year earlier, said NBS. Investment in urban areas grew 28.6% from...
The National Development and Reform Commission (NDRC), the Civil Aviation Administration of China (CAAC), and the Beijing municipal government, Tianjin and Hebei Province have reached an agreement to build the capital's second airport at Daxing district, Hong Kong-based Ta Kung Pao reported on...