China Mobile Ltd<0941><CHL>, the country's largest telecom operator, said on Wednesday its RMB 6.6-billion base in South China's Guangdong Province is complete, sources reported.China Mobile's southern base will be put into use at the end of this year. The company will consolidate the business support...
China New Era Group Corporation, a state-owned enterprise that mainly engaged in business on defense and military facilities, will issue 365-day financing bills to institutional investors on the interbank market on Aug. 5, sources reported.The firm hopes to raise up to RMB 700 million through the issuance. The...
China State Construction International Holdings Ltd<3311>, the flagship construction company of China Overseas Holdings Ltd, plans to raise about HK$1.37 billion by selling 489.64 million shares at HK$2.79 apiece on the basis of one rights share for every five existing shares held as at the close of business on...
Guoyuan Securities Co Ltd<000728> on Tuesday said that it has obtained approval from the China Securities Regulatory Commission, the nation's securities watchdog, to conduct private-equity business. The mid-sized brokerage said that it will soon set up a fully-owned subsidiary to operate PE investments,...
Shanghai, July 14 (Gasgoo.com) New GM would keep expanding GM business in China, said Kevin Wale, GM China president and managing director, adding that the launch of the new GM will have a positive impact on GM's operations across China, xinhuanet.com reported.
Britain's Barclays, which is 3.1% held by China Development Bank, hopes to see profits from business in Asia, especially China, begin to contribute as much as 20% of its total profits, whereas last year Asian markets contributed 12%, said the financial service group's chief executive, in Shanghai on Wednesday,...
Shanghai, July 1 (Gasgoo.com) Global business consulting firm Bain & Company has recently published an electric vehicle (EV) survey report, which estimates that electric vehicles' sales will hit 1.5 million units worldwide in the coming few years, with almost 200,000 units in China, making it the world's largest EV market, sohu.com said today.
British-based Tesco Corp, the world's third largest retailer, has signed more than ten land purchase agreements in China, aiming to build shopping centers in the Chinese market, said an official from Tesco China, the China Business News reported.The official stated that Tesco holds an optimistic outlook on...
China Mobile Ltd<0941><CHL>, the country's largest telecom operator, currently has no plans to invest in the Indian telecom market, said a spokeswoman for China Mobile, the Wall Street Journal reported on Monday.The Business Standard on Monday reported that China Mobile and Reliance Communications...
Britain-based United Business Media Ltd (UBM), a leading global business information service provider, plans to expand its business in China to enhance its position in the country's information service industry, said UBM CEO David Levin, the China Daily reported.The company has moved its information service...