Results for china-local news: 277

A huge coal field with 3 billion tons of coal reserves was discovered at Aiding Lake, China's lowest altitude lake, in Northwest China's Xinjiang Uygur Autonomous Region, said the Xinjiang Bureau of Coal Geology yesterday.The coal bed is 16 km by 10 km, and is predicted to be 10 to 22 meters deep.The local bureau,...

Henan Coal and Chemical Industry Group Co Ltd (HNCC), a state-owned enterprise with registered capital of RMB 12.2 billion, has started 15 projects worth RMB 22.37 billon in total, sources reported. The 15 projects include 9 chemical projects together worth RMB 16.84 billion and 4 coal projects worth a...

China Construction Bank Corp (CCB)<601939><939>, one of the country's Big Four state-owned commercial banks, on Tuesday signed a memorandum of understanding (MOU) with the provincial government of Shaanxi, to extend an RMB 120 billion credit line to the province in the next three years, the...

Chinese stocks opened slightly lower on Thursday, extending yesterday's losses.The benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, opened slightly lower at 2,345.01, down 0.10% or 2.38 points from Wednesday.The Shenzhen Component...

Shanghai saw second-hand property transaction volume reach about 25,700 units in March, a year-on-year jump of 75% and a month-on-month increase of 73%, sources reported.According to statistics from Century 21 Real Estate, the average price of second-hand properties in the city last month hit RMB 11,200...

Taiwan-listed Sinopac Financial Holdings Co Ltd, mainly engaged in the banking, securities, credit card and insurance businesses, plans to purchase commercial banks in Ningbo and Yangzhou, sources reported, citing an insider close to the situation. In order to raise funds for the acquisition, the company will...

Whirlpool Corp, the world's largest white home appliance maker, announced yesterday that it will shut down its washing machine manufacturing facility in Shanghai, slashing 600 jobs to optimize its operations in China, Reuters reported.The company said it will transfer its washing machine production to the...

The Hong Kong Monetary Authority (HKMA) announced yesterday that the foreign currency reserves in the special administrative region reached US$186.2 billion at the end of March.The total foreign currency reserves, including unsettled forward contracts, represented an increase of US$9.1 billion from the end of...

Sofitel, a unit of France-based hotel group Accor, recently opened a new luxury hotel in Shanghai, the China Hospitality News reported.The hotel was developed by Guangdong Huanghe Industry Group and is operated by Accor's Sofitel.The 368-room Sofitel Shanghai Sheshan Huanghe is located in Sheshan...

Shanghai saw average vacancy rate of Grade A office buildings hit 12.3% in the first quarter of this year, increasing 2% since the fourth quarter of last year and reaching the highest level since 2005, according to Colliers International on Apr. 2. In the period from January to March, vacancy rates of Grade A office...