By Wang Xinyuan Illustrations: Peter C. Espina Entrepreneur Xiao Yongchang has big dreams for his small business. The founder of Can-Sino (Beijing) Technology, a two-year-old company that produces heat pumps and provides emissions and energy saving R&D services said he needs anywhere from 1 milli...
Beijing-based Wumart Stores Inc<8277>, one of the leading supermarket chains in China, yesterday signed a strategic cooperation agreement with Beijing Rural Commercial Bank, sources reported. Pursuant to the agreement, Beijing Rural Commercial Bank will extend Wumart Stores RMB 4 billion in...
China Mobile Ltd<0941><CHL>, the country's largest telecom operator, is confident that it will be able to buy a stake in Taiwan's Far EasTone Telecommunications Co Ltd, said the China Mobile Chairman Wang Jianzhou yesterday, sources reported.The recently signed memorandum of understanding between...
A Guangxi-based subsidiary of Guizhou Changzheng Electric Co Ltd<600112> has signed a sales agreement with Avantis Energy, a company registered in Hong Kong, according to the statement of Changzheng Electric on Friday.Avantis Energy will pay the mainland firm EUR180 million for 80 2,500-kW...
The People's Bank of China issued RMB 55 billion in three-month bills in the regular open-market operations yesterday, according to a statement published on the PBOC's website.The bank also issued RMB 20 billion in 91-day repurchase agreements with a coupon rate of 1.33% in the regular open-market...
City Telecom (H.K.) Ltd<1137><CTEL>, one of Hong Kong's largest fixed-line carriers, has reported that its net profit soared 70% year on year to HK$212.83 million in the fiscal year ended Aug. 31, 2009.Basic earnings per share were 32.4 Hong Kong cents, up 64.47% compared with the 19.7 Hong Kong cents...
Hunan Genuine New Material Group Co Ltd<000156>, a firm engaged in the development of aluminum and plastic products, on Wednesday announced that it plans to sell an investment firm based in Hunan Province to repay bank loans and to become the sole owner of Tianrun Land Group by issuing new...
On Oct. 30, after 10 years of preparation, China launched ChiNext, a new secondary board in Shenzhen, one of China's key economic cities and home to China's first economic zone. The Nasdaq-style board aims to nurture small and medium-sized growth companies in the country and provide them new financing...
China Mobile Ltd<0941><CHL>, the country's largest mobile phone operator, has begun preparing for a possible listing on the planned international board of the Shanghai Stock Exchange, Chairman Wang Jianzhou said on Wednesday.Wang said at an industry forum in Hong Kong that the company is selecting...
Shenzhen-based Tianma Microelectronics Co Ltd<000050> recently bought a 5th-generation LCD production line from Shanghai SVA NEC Liquid Crystal Display Co Ltd through the former's controller, CATIC Shenzhen Co Ltd, sources reported....