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Foreign brands cash in on Expo

SHANGHAI - International brands are cashing in on Expo 2010 Shanghai by launching new limited edition products and developing their customer bases in the city, as well as across China. Shiseido, a Japanese cosmetics company, launched a new range of perfume, Shanghai Bouquet, in ...

Foxconn to open IT chainstores in central China

ZHENGZHOU - The world's leading IT contractor Foxconn is talking with the government of Henan province in central China about opening some 2,000 chainstores -- an attempt to diversify its business mode. Officers of Foxconn Technology Group based in Guangdong province have been ...

Zijin shares suspended from trading for 2nd day

BEIJING - Zijin Mining Group Co, China's leading gold producer and responsible for polluting a river in east China's Fujian province, applied to be suspended from trading in Hong Kong and Shanghai for another day on Tuesday. The halt was first made on Monday pending some ...

CIC starts new round of global hiring with 64 jobs

China Investment Corp, the nation's sovereign wealth fund, is starting a new round of international hiring to meet its "business development needs," according to a statement today on its website. The company is offering 64 positions from asset allocation to private equity ...

China to lend financial support to tourism firms

China will lend financial support to companies in the tourism industry and encourage them to sell bonds and shares to raise funds, according to a statement from the State Council on a government website. Foreign-invested tourism companies will be allowed on a trial basis to ...

Sichuan New Hope shares suspended in Shenzhen

BEIJING - Sichuan New Hope Agribusiness Co Ltd, the listed arm of China's largest animal-feed producer, New Hope Group, announced its share trading has been suspended for undisclosed reasons that may cause the company's share price to fluctuate irregularly. Industry experts said ...

China's Huarong becoming more market orientated

BEIJING - China Huarong Asset Management Corporation (Huarong), one of China's four State-owned asset management firms, is taking a more market orientated approach. Huarong co-founded a private equity fund Huarong Yufu with Chongqing Yufu Assets Management Co, Ltd earlier this ...

China's central SOEs donate 1.42b yuan in H1

BEIJING - China's centrally administered State-owned enterprises (SOEs) jointly donated over 1.42 billion yuan ($212.53 million) for charitable work during the first half of 2010, the state assets watchdog said Monday. The money came from 107 of the 125 central SOEs which are ...

Foxconn to move some production inland

BEIJING - Electronics manufacturer Foxconn has confirmed that the plant will shift some of its production lines from Shenzhen to interior China, a Taiwan newspaper reported on Sunday. Hon Hai Precision, Taiwan's leading manufacturing enterprise, announced on Saturday it would ...

Yingli sees stock price up after World Cup

SHIJIAZHUANG - Chinese company and World Cup sponsor Yingli Green Energy Co has seen its stock price and orderbook grow since its sponsorship of the global sporting event. The New York Stock Exchange-listed solar panel manufacturer's stock price rose $3.80 between June 7 to July ...

China Jinchuan plans IPO in H1 of 2011

China's top nickel producer Jinchuan Group Ltd plans to launch an IPO in the first half of next year, the China Securities Journal said on Monday. The company has already completed its share restructuring, and plans to submit the application in October, the paper reported, ...

Baidu plans to offer search on mobile phones

Baidu Inc is in talks with mobile-phone makers about using its search box on handsets sold in China, the Wall Street Journal quoted Robin Li, the company's chief executive officer, as saying. Baidu is also considering listing shares in China, the newspaper quoted Li as saying, ...

BaWang sues magazine for defamation over shampoo cancer risk report

BaWang International (Group) Holding Ltd, China's largest herbal shampoo maker, filed a complaint against Next Magazine Publishing Ltd over a report that said two of its products contain a substance that may cause cancer. BaWang is seeking unspecified damages from the weekly for ...

Fuji Heavy hasn't decided on China venture

Fuji Heavy Industries Ltd said it hasn't decided on whether to form a production venture in China following a Chinese media report that the Japanese maker of Subaru-brand cars had begun talks on such a proposal. "We are exploring various possibilities in China, including whether ...

Zijin checks all plants after acid waste spill

Zijin Mining Group Co, China's largest gold producer, said it checked all its plants to avoid a repeat of a waste leak that happened this month. "We've taken measure to prevent any potential safety hazards at other plants," spokesman Zhao Jugang said today by phone, "Our gold ...

China's Capital Airports reports passengers up 17%

BEIJING - Airports owned by the Beijing-based Capital Airports Holding Company (CAH) saw a 17 percent rise in passenger traffic to 67.61 million in the first half of 2010 from a year ago, said the company Thursday. Further, the number of aircraft takeoffs and landings in the ...

China's Jihua to launch $480m Shanghai IPO

SHANGHAI- China's military uniform maker Jihua Group, said on Friday it would launch an initial public offering worth about 3.25 billion yuan next week mainly to fund production expansion. Jihua Group, which has a 75 percent share of China's market for military and police garment...

Foxconn threatens to review investment in Taiwan

TAIPEI - The head of the Taiwan IT giant Foxconn has hit out at critics who claim the firm mistreats mainland workers and threatened to review his company's investment plans on the island. Terry Gou, chairman of the group, which is a major sub-contractor for Apple and other ...

Foxconn to hike prices to cover pay increase

TAIPEI - Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, is seeking to charge its customers more to partly cover wage increases at its mammoth manufacturing compound in southern China. The extent of price hikes will differ ...

New loans for China's SMEs up 23% in Q1

BEIJING - The total new loans for China's small and medium-sized enterprises (SMEs) grows faster than that for big companies, as the government measures to allow easier access to financing have begun to take effect, according to a Chinese central bank official. The SMEs in the ...
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