Unicom bottom line hit by bond losses
2007-03-30 09:23:04
China Unicom recorded a 24.3 percent drop in net profit to 3.73 billion yuan for 2006 because of a non-cash loss.
Low oil prices slow CNOOC profit rise
2007-03-30 09:17:34
China National Offshore Oil Corporation (CNOOC) said its net profit for 2006 soared 22 percent, the smallest increase in the last four years.
Bull run driven by banks
2007-03-30 08:45:08
Heavily weighted bank shares driven by speculation on the launch of stock index futures yesterday helped the mainland's stock market to end a fourth straight day in positive territory.
FAW Car said to buy assets from parent
2007-03-29 11:15:10
FAW Car Co Ltd suspended trading of its shares yesterday after a report said it would buy core assets from its parent FAW Group.
Xugong Science turns around with a profit due to cost cuts
2007-03-29 14:41:10
Xugong Science & Technology Co yesterday posted a 2006 net profit of nearly 10 million yuan from cost reduction.
Yangzijiang Shipbuilding to issue shares in Singapore
2007-03-29 13:38:08
Yangzijiang Shipbuilding (Holdings) Ltd and existing shareholders may raise as much as S$943.5 million ($622 million) in a Singapore initial public offering.
BOC starts exclusive service
2007-03-29 09:13:10
Bank of China (BOC) opened a private banking service in Beijing and Shanghai yesterday, the first local bank to target the super rich in China.
Shougang to axe 21% of workers
2007-03-29 08:51:34
Shougang Corp, China's ninth-biggest steel mill, plans to cut its workforce by 21 percent by the end of this decade as it moves production out of Beijing.
BOE to spin off LCD lines
2007-03-29 10:47:02
Shenzhen-listed CD display maker BOE Technology said yesterday it would spin off its fifth-generation LCD lines to haul it out of debt.
Galaxy Securities offers 10m shares to Huashi AMC
2007-03-28 15:17:38
China Galaxy Securities has offered 10 million shares to Huashi Asset Management Co (AMC), a unit of Shanghai Pharmaceutical Co Ltd.
Shanxi Securities lures investors, plans listing
2007-03-28 15:04:10
Shanxi Securities Co is planning to lure domestic and overseas strategic investors with an aim to list shares publicly by 2009.
Legend Capital develops as leading local VC firm
2007-03-28 14:40:27
Since its establishment in 2001, Legend Capital has been recognized as one of the most active venture capital (VC) firms in the nation.