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Sinohydro Corp., China's leading hydraulic construction contractor announced it has secured a 140 million U.S. dollar uranium mine construction deal in Niger with China Nuclear International Uranium Corp. (SinoUranium). The contract calls for building a uranium mine with annual output of 600,000 tons, a coal-fired power plant and a hydrometallurgy pla...
French banking giant BNP Paribas SA said Tuesday it was aiming to triple revenues contributed by its operations in the Chinese mainland while doubling workforce inthe burgeoning market within three years. The bank now has about 300 employees in the Chinese mainland, said Mignonne Cheng, chief executive of BNP Paribas' Hong Kong branch and head for nor...
Jones Lang LaSalle Incorporated (JLL), a global real estate money management and services firm, announced in Hong Kong on Tuesday to set up a joint venture company with an Australian partner to target the premium retail property opportunities in Asia. The 50:50 joint venture named Sandalwood was set up by JLL and Colonial First State Property Manageme...
Chinese foreign exchange regulator is to loosen its control over the Qualified Foreign Institutional Investor (QFII) program, which allows overseas institutions to invest in Chinese securities market. The State Administration of Foreign Exchange (SAFE) is revising rules concerning restrictions on QFII money, and may cut down the lock-up period require...
The China Banking Regulatory Commission (CBRC) and the US Security and Exchange Commission recently exchanged letters of cooperation to supervise their commercial banks' overseas financial management services. The two sides have agreed to supervise certain aspects of management. China's Commercial Bank can invest in US stock markets and public funds wh...
China National Petroleum Corporation (CNPC), the country's largest oil and gas producer, has signed an agreement with Syria to build a 5-million-ton-per-year refinery in the Middle Eastern country. The deal was signed on April 2 alongside a framework agreement to bolster oil cooperation between China and Syria, CNPC said on its website yesterday. Th...
WellPoint Inc., the largest health insurer in the United States and parent company of Anthem Insurance Companies, Inc., told Xinhua on Monday it had formally established the Anthem Insurance Companies, Inc. Beijing Representative Office. Angela Braly, Wellpoint president and CEO, said this move is to further establish a sound working relationship with...
China's State Administration for Industry and Commerce (SAIC) has named and shamed 18 substandard Chinese food brands in a move to better regulate the food market. According to a market survey of 100 samples of honey products, 46 percent of honey products were not up to national food quality standards, with problems involving excess levels of sucrose ...
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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