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Profits of China's SOEs up 46% in 1st 9 months: figures: BEIJING - Profits of China's State-owned enterprises (SOEs) hit 1.44 trillion yuan ($216.4 billion) in the first nine months, up 46.2 percent year-on-year, figures released Tuesday by the Ministry of Finance show. Combined profits of China's SOEs grew 6.8 percent in September ...

China box office hits $1.1b in first 9 months: SHANGHAI - China's box office receipts reached 7.58 billion yuan ($1.14 billion) in the first three quarters of the year, an official at the State Administration of Radio, Film and Television, said Monday. At the opening ceremony of an exhibition on Hong Kong movies in Shanghai, ...

China's annual output of electric vehicles to hit 1m by 2020: BEIJING - China's annual production capacity of electric motor vehicles will reach 1 million units by 2020, a senior official forecast Saturday. As the world's largest auto market, new energy vehicles are key to the development of China's auto industry, said Minister of Science ...

China's yuan weakens against US dollar Monday: BEIJING - The central parity rate of renminbi, or China's currency yuan, weakened 82 basis points Monday to 6.6692 per US dollar, according to the data released by the China Foreign Exchange Trading System. At present, the yuan is allowed to float on the inter-bank foreign ...

Nuclear power capacity to rise: China plans to increase nuclear power capacity to 112 gigawatts (gW) by 2020, according to the National Development and Reform Commission (NDRC). Nuclear power may make up 7 percent of the nation's 1,600 gW electricity generation capacity by then, Geng Zhicheng, senior researcher ...

Listed firms net 1.2t yuan total in first 9 mths: The total operating revenue of the Chinese mainland's listed companies grew 38.5 percent year-on-year to 12.3 trillion yuan ($1.8 trillion) in the first three quarters, with 1.2 trillion yuan net profit attributable to owners of the parent, 38.3 percent more than that of the same ...

China's 2010 trade to post 25% growth: ministry report: BEIJING - Total volume of China's foreign trade is expected to hit $2.8 trillion for the whole year of 2010, up 25 percent year-on-year, the Ministry of Commerce (MOC) said in a report issued Monday. The country's overseas shipments will keep growing in the fourth quarter but at ...

Huaxia Bank Q3 profit up 56%: BEIJING - Huaxia Bank, Deutsche Bank's Chinese partner, said Friday its third-quarter profit jumped 55.56 percent to 1.52 billion yuan ($226.72 million) on the back of higher interest income and commissions. Revenue for the quarter at the mid-size lender rose 35 percent to 6.16 ...

Minsheng Bank Q3 profit up 46% on higher interest income: BEIJING - China's Minsheng Banking Co said Friday its third-quarter profit climbed 46.48 percent year-on-year to 4.14 billion yuan ($618.76 million) on the back of higher interest income. Earnings per share increased 0.03 yuan year-on-year to 0.16 yuan, according to its third...

China Pacific Insurance profit in Q3 down 64.4%: BEIJING - China Pacific Insurance (Group) Co Ltd, the country's third-largest insurer, said Friday its third-quarter profits dropped 64.4 percent to 886 million yuan ($132.24 million) from the same period last year. Further, profits in the first three quarters expanded 20.78 ...

China Merchants Bank profit up 57.4% in 1st three quarters: BEIJING - China Merchants Bank said Friday its profit rose 57.4 percent to 20.59 billion yuan ($3.07 billion) in the first three quarters from one year earlier. The jump in net profit was mainly due to higher interest income, the bank said in its business report filed with the ...

China CITIC Bank's profit up 48.19% in 1st three quarters: BEIJING - China CITIC Bank said Friday its profit rose 48.19 percent to 17.42 billion yuan ($2.6 billion) in the first three quarters from one year earlier. The jump in net profit was due to increased loans, higher profit from non-interest businesses and cost reductions, the bank ...

CCB's profit up 28% in 1st three quarters: BEIJING - China Construction Bank Corp, the country's second-largest lender by market value, said Friday its profit in the first three quarters of this year rose 28.41 percent, boosted by rising interest income, commissions and a decline in non-performing loans. Net profit ...

Macao's trade deficit widens in Jan-Sept: MACAO - Macao's trade deficit for the first three quarters of 2010 widened by 27.5 percent over the same period of last year to 26.6 billion patacas ($3.3 billion), according to the figures released on Friday by the city's Statistics and Census Service (DSEC). From January to ...

China's banking assets up 20.4%: BEIJING - Total domestic assets of Chinese financial institutions in the banking sector had risen 20.4 percent year-on-year to 90.6 trillion yuan ($13.1 trillion) by the end of September, China's banking regulator said on Friday. Combined liabilities had risen 19.8 percent from a ...

Airlines Q3 profits jump on domestic demand: BEIJING - Air China Ltd and China Eastern Airlines Corp, China's biggest and third-largest carriers by market value, both reported record quarterly profit growth on the back of robust growth in domestic air travel and a strong yuan. Air China said late Thursday its third quarter ...

BoCom Jan-Sept net profit up 28%: BEIJING - Bank of Communications, China's fifth largest lender by assets, said on Thursday its net profit in the first three quarters hit 29.5 billion yuan ($4.4 billion), up 28.23 percent year-on-year. The bank's total assets topped 3.8 trillion yuan by the end of September, up ...

Sinopec says Jan-Sept net profit up 11.5%: BEIJING - The China Petroleum & Chemical Corporation (Sinopec), the country's largest oil refiner, said on Thursday its net profit hit 56.4 billion yuan ($8.4 billion) during the first three quarters this year, up 11.5 percent year-on-year. Earnings per share stood at 0.651 yuan ...

SAIC Motor Q3 profits up 47% on booming sales: BEIJING - SAIC Motor Corp, China's largest automaker, said on Thursday that its third-quarter profits jumped 46.88 percent to 3.71 billion yuan ($550 million), partly aided by government policies to boost the country's domestic auto industry. Revenues reported by the Shanghai...

China Telecom says Q3 net profit up 47%: China Telecom Corp Ltd said on Thursday that its third-quarter net profit rose 47 percent, as a surge in revenue from mobile and broadband services offset declining fixed-line phone users, Reuters reported. China Telecom reported a third-quarter net profit of 3.5 billion yuan (...

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