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Bank of China wants to issue additional Hong Kong-listed H shares as soon as possible in a follow-on offering equal to 20 percent of its existing H share capital, the chairman of China's fourth-largest lender by assets said on Thursday. Xiao Gang said the lender was seeking approval from shareholders and regulators on the mainland and in Hong Kong for th...
Search giant says operations in the country are running as usual Beijing - Google on Thursday denied it was planning to shut down its business in China by the end of the month, dispelling rumors that it had informed its Chinese advertising agents to cease their business operations in the country. Google's spokeswoman Marsha Wang told China Daily on Thu...
GUANGZHOU: Investment budgets of foreign enterprises in South China increased by 44 percent year-on-year this year, nearly recovering to pre-financial crisis levels, although 3-year budgets lag in recovery. The survey, commissioned by the American Chamber of Commerce in South China and unveiled yesterday, also found its members will reinvest a minimum of ...
Hebei Iron & Steel Group is planning more mergers and acquisitions in China and abroad as part of a government drive to improve the country's mills. "We want to make further progress on mergers and acquisitions," Chairman Wang Yifang said at a press conference in Beijing Thursday, without identifying targets. The state-owned company is in talks to ...
BEIJING - China has long been the target of other nations' accusations of unfair trade practices, but now it's time for China to turn the tables and initiate more trade complaints against other nations, a top trade promoter has urged. The country should leverage the WTO (World Trade Organization) rules to fight back against a growing number of such case...
BEIJING - Surging spot prices of iron ore are forcing steel mills to look for more domestic supplies, something that would also reduce their dependence on costly imports, industry insiders said. Beijing Ye-Steel Trading Co, a private steel mill that buys ore from the spot market, has stopped buying imported iron ore after prices surged to above $130 per t...
SINGAPORE - Chinese consumers have been held back for too long, and now must be put front and center in China's growth model, vsaid Anoop Singh, director of the International Monetary Fund's Asia and Pacific Department. According to an article by Singh published on Thursday's Straits Times, Singapore's leading English newspaper, he said that China has...
As many as 200 travelers will leave on the first tourist trips from Beijing to the Democratic People's Republic of Korea (DPRK) starting April 12. They will be there during celebrations marking the birth of the country's deceased former leader, Kim Il-sung. It will be the first time Chinese travelers will visit the country on tourist visas, despite th...
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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