Record 36 Asian IPOs pulled
2011-06-24 10:57:13
A record $58 billion in withdrawn initial public offerings (IPOs) in Asia and muted market debuts are expected to force listing hopefuls to cut valuations to win over investors in the world's top region for offerings.
Post Bureau acts against express-delivery companies
2011-06-24 10:42:00
The State Post Bureau clamped down on 56 express-delivery companies over a two-month period in an effort to regulate an industry that has been experiencing rapid development, but lacks proper management.
China to introduce financial services to 500 villages
2011-06-24 10:41:35
China will work to introduce financial institutions to another 500 villages and towns that currently have no financial services establishments in them, the country's banking regulator said Thursday.
China calls for more investment in agricluture
2011-06-24 10:40:27
The Chinese delegation said investment was top priority in addressing market volatility and food security, at a G20 agriculture ministers meeting here Thursday.
China's dairy safety standards trigger controversy
2011-06-24 10:34:03
China's current dairy safety standards have stirred a new round of complaints, as critics have argued that they are the weakest in the world and were created as a favor for major dairy producers.
China, Russia sign currency deal
2011-06-24 10:35:45
The People's Bank of China, the country's central bank, said on Thursday that it has signed a revised bilateral currency settlement agreement with the Central Bank of the Russian Federation.
Ikea aims for 15 stores in China by 2015
2011-06-24 10:28:45
Eyeing increasing demand in the home products sector, Sweden-based retailing giant Ikea is accelerating its expansion in China and plans to have 15 stores in the country by the end of 2015.
Number of Chinese millionaires rises by 12%
2011-06-24 10:24:23
Millionaires in the Asia-Pacific region overtook Europe in terms of population and wealth for the first time in 2010, bolstered by economic growth in China and India, according to Capgemini SA and Bank of America Corp.
China to promote innovation among SOEs
2011-06-24 10:05:44
China will step up its efforts to promote independent innovation and technological advancement among its central state-owned enterprises (SOEs), the State-owned Assets Supervision and Administration Commission (SASAC) said Thursday.
Steady growth in helicopter sales expected
2011-06-24 09:59:38
Demand for civilian helicopters in China is expected to climb from the 170 currently in service to more than 1,500 over the next decade, making China a huge potential market, Wang Bin, president of AVIC Helicopter Co, said recently.
Japan increases investment in Jiangsu
2011-06-24 09:48:20
East China's Jiangsu Province has become one of the destinations for Japanese investors as they are increasing investment outside the country as part of Japan's efforts to transfer production capacity after a massive earthquake and tsunami in March.
China's manufacturing sees sizable slowdown
2011-06-24 09:40:47
China's manufacturing activities stagnated in June in response to the 10 months of consecutive tightening measures, HSBC Holdings PLC said on Thursday.