NANNING: South China's Guangxi Zhuang autonomous region and Vietnam have approved a framework agreement to establish a new cross-border economic zone in the latest effort to further boost economic and trade cooperation between China and its Southeast Asian neighbor. It is part of broad efforts to further enhance bilateral economic ties between China, the...
China's Huatai Securities Co Ltd, expects to launch IPO in Shanghai Exchange at between 20 to 22 yuan ($2.93 to 3.22) per share, the company said Monday. The time to purchase the stock would be at 9:30 to 15:00 on Monday and Tuesday, the east China's Nanjing-based brokerage said. The online roadshow, or the presentation of the new stock issue to poten...
Jiangsu Hengrui Medicine Co, China's largest manufacturing base of antineoplastics and the nation-appointed stupefacient manufacturer, said Monday its net profit in 2009 surged 59.16 percent year-on-year. In its annual report of 2009 to the Shanghai Stock Exchange, the company said its net profit for 2009 hit 693 million yuan ($101 million). Hengrui sa...
European aircraft maker Airbus said it was seeking a closer partnership with Chinese banks and financial institutions, including the possibility of creating new financing structures. The move comes as more carriers are relying on Chinese financial services firms to fund aircraft purchases. "The Chinese financial leasing market has a bright future," said...
Australian coal and iron ore company Resourcehouse said over the weekend it had signed a record $60 billion coal supply deal with Chinese power stations, a move analysts said underscored Chinese companies' growing demand for energy to fuel the country's economic development. Resourcehouse will supply 30 million tons of coal annually over 20 years to Chi...
China Investment Corp (CIC), a $300 billion sovereign wealth fund based in Beijing, filed its first quarterly disclosure on US equity holdings, reporting that it owned stocks valued at $9.63 billion as of Dec 31. The fund last Friday filed what's known as a Form 13F, which the US Securities and Exchange Commission requires from all institutional investme...
Dairies shut; 170 tons of dairy product recalled More than 170 tons of milk powder have been recalled amid a 10-day nationwide crackdown on melamine-tainted dairy products, authorities have said. The recall is the latest of dairy products to resurface from a 2008 contamination scandal that hit the country. Two dairy companies in the Ningxia Hui autono...
Ma Jian has never regretted his decision two years ago to start a website focused on shopping for second-hand goods, despite objections from friends and relatives. Though many people told him the business would surely fail, Ma is pleased to see his first entrepreneurial venture enter its second year. Founded in 2008 by Ma and four of his friends, Shede....
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