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Li Ka-shing said to plan yuan IPO in Hong Kong

Li Ka-shing, Hong Kong's richest man, is preparing what may be the first yuan-denominated initial public offering (IPO) in the city in the first half of 2011, Bloomberg News reported Wednesday, citing two people with knowledge of the matter. Li, 82, hired Citic Securities ...

Fertilizer giant to invest $5b in new Xinjiang project

BEIJING - Hubei Yihua Chemical Industry Co Ltd, Asia's largest fertilizer producer, will invest 33 billion yuan ($5 billion) in a coal chemical project in the Xinjiang Uygur autonomous region during the next five years, said a senior company executive. The investment will involve ...

The9 eyes growth chances in mobile Internet market

BEIJING - The9 Limited, a Nasdaq-listed online game operator and developer in China, has begun to focus on business opportunities in mobile Internet, by introducing and localizing OpenFeint, the world's largest mobile social gaming platform for iPhone and Android phone users. The ...

Ossen caps record year for China companies' US IPOs

New York - Ossen Innovation Co, the Shanghai based maker of rare earth-coated steel materials used in roads and bridges, raised $22.5 million in an initial public offering (IPO), capping a record year for Chinese IPOs in the US, Bloomberg News reported Tuesday. Ossen sold five ...

China approves Sinopec's purchase of Colombian blocks

China Petrochemical Corp, the nation's largest refiner, received State approval to buy Colombian oil and gas assets owned by Hupecol LLC, Bloomberg News reported Tuesday, citing the country's economic planner. China Petrochemical, or Sinopec, has completed the deal, Huang ...

China Unicom adds 1.1m 3G users in Nov

HONG KONG - China Unicom announced on Monday that it added 1.1 million new 3G service subscribers for November with an aggregate 3G subscriber base of almost 12.8 million. China Unicom's net additions of 2G subscribers were 604,000 in November, with a total number of 152.7 ...

Chigo takes steps to go global

BEIJING - Guangdong Chigo Air Conditioning Ltd Co, China's fourth-largest manufacturer of air conditioners, plans to grasp a bigger slice of the high-end market and further expand its global presence. With the official launch of the world's first anti-microbial copper air ...

Steelmakers in South Korea, China to meet to discuss iron ore prices

Steelmakers in China and South Korea, the world's largest- and sixth-biggest producing nations, will meet today in Beijing to discuss rising raw material prices. Mills, including Posco and Baoshan Iron & Steel Co, share the view that "sharp gains" in the prices of iron ore and ...

China resources profit rises ninefold as retail demand gains

China Resources Enterprise Ltd, the Chinese partner of SABMiller Plc, said first-quarter profit increased almost ninefold as its retail business improved and it made money selling some units. Net income in the three months ended March increased to HK$3.73 billion ($478 million) ...

Court fan claims Carrefour selling books and videos without license

A consumer rights expert is claiming that Carrefour stores in Beijing are selling books and videos without a license. According to Beijing Administration for Industry and Commerce, stores have to get a license to sell books and videos. Zhao Jianlei, who makes a living by taking ...

China textile firm to buy into Japan's Renown

Tokyo: China textile group Shandong Ruyi will take a roughly 40 percent stake in Japanese apparel maker Renown Inc, the Nikkei newspaper reported, adding to a growing list of investments by Chinese firms in Japan. Renown, a struggling collection of brands including D'Urban and ...

China vetting Morgan Stanley sale of CICC stake

Shanghai - China's securities regulator has started to review Morgan Stanley's application to sell its roughly $1 billion stake in Chinese investment bank China International Capital Corp, media reported on Monday. If the application process goes smoothly, Morgan Stanley could ...

Adidas forecasts rising sales in China

Adidas AG, the world's second-largest sporting-goods maker, expects rising sales in China in the second half as retailers restock depleted inventory, Chief Executive Officer Herbert Hainer said in an interview on Bloomberg Television. "We are selling six months in advance, so I ...

Foxconn suicide count: 10

SHENZHEN - An employee of tech firm Foxconn died on Friday after jumping from a building in this southern manufacturing hub of Shenzhen, the 10th such suicide incident since the start of this year, local police said. The dead worker has been identified as Nan Gang, a 21-year-old ...

China's Cosco says will not halt Greek investment

ATHENS - China's Cosco said it would go ahead with investments in Greece's largest port Piraeus despite the crisis that has hit the Greek economy and sent shockwaves throughout the euro zone. "I do believe we will bring a lot of opportunity for the Greeks and for the Greek ...

Chinatex now No 3 in soybean oil production

Chinatex Corp, a large textile manufacturer, became the third-largest soybean oil producer in China after taking over nine soybean crushers and obtaining two other companies' crushing capabilities through rent and entrustment, China Business News reported Friday. The total ...

Temasek mulls investment in China food zone

SINGAPORE - Singapore state investor Temasek Holdings is studying plans to build a 1,450 square kilometer food zone in northeastern China in a bid to diversify the city-state's food supply. The food zone near the Chinese city of Jilin is a proposed collaboration with Chinese ...

One more died in Foxconn

SHENZHEN - An employee of the Foxconn Technology Group died after falling from a building in south China's boom town of Shenzhen Friday morning, police said. It is the tenth fall by Foxconn employees this year and the eighth death. The latest fatality was identified as Nan Gang, ...

Taobao sees over 1 million online stores

BEIJING - More than 1 million people in China have opened online stores on the country's largest retail website, Taobao, over the past five years. By the end of last month, 1.06 million people had become employed through opening online stores on Taobao.com, an e-commerce company ...

Hang Seng Bank buys Shanghai premises for 510m yuan

HONG KONG - Hang Seng Bank (China), a subsidiary of Hang Seng Bank, has agreed to purchase about 7,000 square meters of office and retail space, together with naming and signage rights for the building, in Shanghai's financial district for 510 million yuan ($74.67 million), the ...
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China offers inspirations to global dilemmas
China offers inspirations to global dilemmas
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Bill Gates talks nuclear
Bill Gates talks nuclear
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China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...

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China's farm product pricing plan shifts to market orientation
China's farm product pricing plan shifts to market orientation
The Number One Document also proposed a new pricing plan for China's ...
IMF chief warns of risks to recovery
IMF chief warns of risks to recovery
DAVOS, Switzerland, Jan. 25 (Xinhua) -- The International Monetary ...
GM China chairman to retire
GM China chairman to retire
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Minivans rev up sales for GM
Minivans rev up sales for GM
Sales of General Motors and its Chinese ventures accelerated in ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...

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Lucrative golf industry lures stiff competition
Lucrative golf industry lures stiff competition
Two models stand beside golf equipment and bags at a recent golf ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
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