CDB opens first Egypt office

2009-11-12 18:04:12

China Development Bank (CDB), the State-run bank for public works projects, opened its first representative office in Egypt's capital Cairo Tuesday after more than one year of preparations, the 21st Century Business Herald reported Thursday.

Chang'an is third largest automaker

2009-11-11 08:41:57

China's Chang'an Automobile Group has become the country's third-largest vehicle manufacturer after taking over two automobile manufacturing arms of aircraft maker, Aviation Industry Corporation of China (AVIC).

Chipmaker SMIC's founder-CEO Chang steps down

2009-11-11 08:41:57

China's largest contract chipmaker SMIC said yesterday that its long-serving CEO has stepped down, in a bid to restructure the company that had posted losses over the past two years.

Third CRC arm may join Hang Seng Index soon

2009-11-11 08:41:57

CRC, a State conglomerate with businesses from retail to real estate, may join Li Ka-shing in controlling three members of the Hang Seng Index.

Minsheng unfazed by UCBH losses

2009-11-11 08:41:57

China Minsheng Banking Corp booked an 824-million-yuan ($121 million) loss on its stake in UCBH Holdings Inc, whose bank was seized by US regulators last week.

Lhasa beer is now sold in US

2009-11-09 07:48:15

A local barley beer brewer in the capital of southwestern China's Tibet autonomous region expects to sell more products to the United States in the second half of next year.

Shanghai Deer Jet gets nod to fly business jets

2009-11-04 18:38:30

Shanghai Deer Jet Co, a subsidiary of HNA Group, has won permission from the Civil Aviation Administration of China to provide business aviation services.

BWI wraps up Delphi deal

2009-11-03 10:52:43

The Beijing West Industries Group (BWI) of China formally announced Monday their approximate $100 million asset purchase of former Delphi Ride Dynamics and Brakes business units.

China Mobile settles anti-trust case, more may follow

2009-10-27 17:13:55

China Mobile, the world's largest mobile carrier, agreed to pay 1,000 yuan ($146) to a subscriber to settle a lawsuit over its mandatory fees, potentially opening the door to a flood of similar complaints.