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The first set of ten initial public offerings on China's planned Nasdaq-style Growth Enterprise Board (GEB) froze a combined 784.1 billion yuan ($115 billion) in funds for subscriptions, the Shanghai Securities News reported on Tuesday. China is launching the Growth Enterprise Market in the southern boomtown of Shenzhen, hoping the move will create more ...
China National Offshore Oil Corp (CNOOC) is in talks with Nigeria to buy large stakes in some of the richest oil blocks in the world, the Financial Times reported on Tuesday. The value of the potential deal was not disclosed, but details suggested a figure of around $30 billion, the report said. CNOOC, the third largest oil and gas producer and an offsh...
People's Insurance Company of China (PICC), the nation's largest insurance conglomerate, is eyeing investment opportunities in economically affordable housing, the company's president Wu Yan said yesterday. Several insurers are eager to make a similar move after a new law allowing it comes into effect on Oct 1. Real estate, usually a long-term invest...
Sinochem Corp (Sinochem), the country's leading agrochemicals producer, yesterday said it agreed in principle to buy Australia's Nufarm Ltd for A$2.8 billion, in a move to expand its farm chemicals business overseas. Sinochem yesterday signed agreements with Nufarm, under which the company would offer A$13 per Nufarm share, the Australian company said i...
Agricultural Bank of China (ABC), the only Big Four bank on the mainland that has yet to get listed, could float its shares on the Shanghai bourse as early as May or June of 2010, said sources with knowledge of the matter. "Besides listing on the mainland market, whether to seek a dual listing in Hong Kong is still under discussion," one source said, cont...
China will lower gasoline and diesel prices both by 190 yuan ($27.8 ) a ton from Wednesday, the National Development and Reform Commission announced Tuesday. Source: BizChina
The Beijing Municipal Office of State Administration of Taxation in September launched a campaign to call on people to use invoices and protect their legal rights. The month-long campaign, the third of its kind, is being promoted in a bid to further popularize invoice knowledge, standardize the administration of invoices and facilitate taxation work, acco...
Chinese equities continued the downward trend and dropped 0.52 percent in light trade Monday, dipping below the psychologically important 2,800 mark, amid investors' wait-and-see attitude, dealers said. The Shanghai Composite Index on the Shanghai Stock Exchange closed at 2,763.53 points Monday, down 75.32 points, or 2.65 percent, from the previous close...
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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