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HONG KONG: One of Deutsche Bank AG's top executives in Asia is in discussions about joining Industrial & Commercial Bank of China Ltd (ICBC), the world's largest lender by market value, said people with knowledge of the matter. Lee Zhang, Deutsche Bank's head of global banking for Asia-Pacific outside Japan, is still with the company and it wasn't...
BEIJING: China will organize more overseas trade and investment delegations this year, in a bid to boost its imports and alleviate trade conflicts, the Ministry of Commerce said on Tuesday. On Wednesday, a Chinese purchasing delegation sets out for Finland and Switzerland, while another group will go to South America next month, a Ministry of Commerce spo...
Over 1.2 million domestic and international Internet users applied for the 300,000 free sightseeing e-coupons offered by the Beijing Tourism Bureau during the Chinese New Year. Tourists from the US led the applications from overseas, with 2,695 applicants from the US applying for the free tickets to 58 of the city's attractions. This was three times the ...
NEW YORK - Sales of prescription drugs in emerging markets will grow rapidly over the next few years, pharmaceutical market research firm IMS Health says, with China becoming the world's third-largest prescription drug market in 2011. IMS says pharmaceutical revenue in China is growing at a great pace, and the market there could double by 2013 as the cou...
The World Bank has raised its economic growth forecast for China from 8.7 percent to 9.5 percent, citing a boost in exports, strong growth in real estate and robust domestic spending. Building on the momentum shown in the first months of 2010, growth is likely to remain strong in China this year, the World Bank said in a quarterly report Wednesday, adding...
Investors opened the most accounts to trade Chinese stocks last week in three months as households shifted funds into equities to protect against faster inflation. Individual investors opened 352,203 accounts, data from the nation's clearing house showed Wednesday, the most since the week ended Dec 11 and a third straight gain. China's markets were shut...
BEIJING: City banks may introduce more strategic investors or raise funds from the capital markets through initial public offerings to better manage their loan concentration and credit risks, sources familiar with the matter told China Daily on Monday. The moves follow a recent directive by the China Banking Regulatory Commission on the need for more stri...
Lenders could get nod to conduct trading as special clearing members BEIJING - The nation's top banking regulator said on Monday Chinese banks' involvement in the settlement of stock index futures remains under discussion, but sources indicated that banks are unlikely to participate in such settlement at the initial stage. "Banks are not allowed to in...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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