Expert: Banks to face tougher environment this year

2008-02-20 16:07:29

China's banking sector will face a harsher environment this year due to a global recession and tightening, a Fitch Ratings expert said.

Shares down 2.09% as investors sell banks

2008-02-20 17:31:26

Chinese shares fell on Wednesday, losing most of their gains from the previous day, with the indices driven down by selling of heavyweights.

CPI rises to 7.1%, worst in 11 years

2008-02-19 10:25:51

Rising food prices pushed up inflation to an 11-year high in January, dampening speculation that the government might ease its austerity measures.

China may keep tightening policy to fight inflation

2008-02-19 15:44:42

Continued inflationary pressure will encourage China to maintain a program of policy tightening in spite of a likely US-led global economic slowdown this year, analysts said.

Brokerage companies chart route to go public

2008-02-20 09:41:26

Driven by strong growth potential, Chinese brokerages are striving to expand their market presence to fund expansion of more networks and types of businesses.

Huawei, Symentec launch JV

2008-02-19 10:18:11

Telecom network equipment giant Huawei Technologies and US security software maker Symantec Corp have launched a joint venture in southwest China.

BOC profits up after offsetting subprime impact

2008-02-19 09:37:02

Bank of China, the largest holder of subprime-related assets in China, will report a "visible increase" in 2007 net profits, Chairman Xiao Gang said.

Two stock funds to make their debuts to thaw fund freeze

2008-02-18 11:20:13

China's sliding stock market is expected to receive a boost on Monday with the opening of two new limited stock funds.

VC market venturing forward

2008-02-18 16:07:35

It's the best of times. It's the worst of times. For venture capitalists in China, there might be no better way to sum up 2007.

FAW Group Corp auto sales up 46.9% in January

2008-02-18 16:27:58

FAW Group Corp, one of China's largest automakers, said it sold 166,518 vehicles in January, a rise of 46.9 percent year-on-year.

Railway contractor wins $2.6b bids in Libya

2008-02-18 09:44:17

China Railway Construction Corporation (CRCC) has won the bids to build two major railways in Libya, which together are worth about 3.2 billion dinars($2.6 billion).