Kang Rixin, general manager of the China National Nuclear Corporation, is under investigation for alleged grave violations of discipline, Xinhuanet, or Xinhua's web service, reported on Wednesday.
Encouraged by the rollout of preferential national policies to promote outbound investments, Chinese enterprises are busy shopping for foreign mergers and acquisitions.
Frank Gong, a prominent economist and an ardent backer of the Chinese yuan and the nation's economic prospects, has been selected to spearhead JPMorgan's investment banking business in China.
Chinese entrepreneur Ye Maoxi hopes his newly acquired British satellite television station will someday provide all-round reports on China to viewers overseas.
The pace of decline in China's exports could ease later this year while the country's stable yuan policy will benefit the global economy, Commerce Minister Chen Deming said yesterday.
PepsiCo opened a new plant on June 26 in Chongqing, and said it also plans to fund a variety of major capital programs to grow its manufacturing capacity in China, particularly in interior and western areas.
Yi Gang, a former deputy governor of the People's Bank of China, or the central bank, was appointed as the new head of the State Administration of Foreign Exchanges.
Margaret Ren, the former investment banking chairwoman of Merrill Lynch & Co China is set to join BNP Paribas SA to manage its advisory business in China, two people familiar with the situation said.
Chen Tonghai, the former chairman of Chinese oil giant Sinopec Corp, yesterday was sentenced to death, with a two-year reprieve, in what is believed to be the country's biggest bribery case.
For Sinosteel Corp President Huang Tianwen, traveling to Taiwan for business has become easier in the past year.
For the past six months Glenn Jordan, president of Coca-Cola Pacific Group, has visited nearly as many cities in China to promote the soft drink company's rapidly expanding presence.
Huang Hongsheng, founder and former chairman of Shenzhen-based TV maker Skyworth Group, was released on bail on July 4, the company confirmed in a statement posted on its website yesterday.
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