CITIC, Bear Stearns form alliance

2007-10-23 07:31:40

US major Bear Stearns Cos and China's CITIC Securities Co have reached an agreement to invest $1 billion in each other in an alliance to pool their businesses in Asia.

KFC dumps Nestle for Mengniu

2007-10-23 09:10:08

The global fast food behemoth KFC yesterday signed a dairy product supply agreement with Inner Mongolia Mengniu Dairy Industry (Group) Co Ltd, China's top dairy producer.

CCB to issue 20b yuan of subordinated bonds

2007-10-23 16:22:08

The China Construction Bank will issue 20 billion yuan worth of subordinated bonds in November to replenish its capital adequacy.

China announces financial futures exchange members

2007-10-23 10:24:15

Ten futures companies were approved by the China Financial Futures Exchange to become the first group of members of the exchange.

China to float 28b yuan of T-bonds

2007-10-22 15:42:13

The Chinese government will launch 28 billion yuan (US$3.72 billion) of book-entry treasury bonds on Monday, the 17th batch of its kind this year.

Outward bound for Chinese investors

2007-10-22 11:05:09

China International Fund Management drew more than 105 billon yuan in subscriptions in one day for its maiden qualified domestic institutional investor fund.

Chinese shares tumble 2.59%

2007-10-22 17:25:39

Chinese stocks continued their downward trend of the last trading session to dive 2.59 percent on Monday, as investors jittered over a slump on Wall Street.

Alibaba bumps up IPO price

2007-10-23 09:10:19

Alibaba.com, the mainland's largest business-to-business operator, raised its Hong Kong offer price range after its shares were heavily subscribed by institutional investors.

PetroChina expects A-share listing on November 5

2007-10-22 09:18:19

PetroChina, the country's largest oil and gas producer, announced it would expect the A-share listing in Shanghai on November 5.

China Southern to launch Guangzhou-Vientiane flight

2007-10-21 10:05:30

China Southern Airlines will launch direct flight service between Guangzhou, capital of South China's Guangdong Province, and Vientiane of Laos from November 6.