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  1. China Investment Corp forecast to zoom in on HK stocks

    Posted Oct 02nd 2007, 12:00am by Staff Reporter

    ... banks, China Investment Corp will have at least tens of billions of US dollars to invest in foreign financial markets,' Mr Wong said. 'Hong Kong stocks will definitely be one of its top ... Times Index surging 1.32 per cent to a record. Vietnam's Ho Chi Minh Stock Index was the region's top performer with a gain of 3.59 per cent. Even before its formal launch, China ...

  2. Sinopec awaits Beijing's magic wand

    Posted Apr 14th 2008, 12:00am by Eric Ng

    ... If anything is certain about the profit outlook of China Petroleum & Chemical Corp (Sinopec) this year, it has to be this: uncertainty. And any analyst hoping to give an accurate forecast of its ... because Sinopec bought five refineries from China Petrochemical Corp in December to fulfil the parent's promise of reducing inter-group competition when Sinopec was listed, Mr Su explained. ...

  3. Price talks on oil

    Posted Oct 07th 2005, 12:00am by Staff Reporter

    ... China Petroleum & Chemical Corp (Sinopec) expects to resolve the thorny issue of petroleum product pricing with the central government soon, according to president Wang Tianpu. ... than 80 per cent of the nation's refining volume- were asking the central government to consider subsidising petroleum users to help relieve the oil refiners' cost pressure. ...

  4. Companies from hazardous sector top the list as socially responsible

    Posted Apr 11th 2007, 12:00am by Denise Tsang

    ... Report's list of the most socially responsible businesses on the mainland. China National Petroleum Corp (CNPC), the major oil producer and the parent of Hong Kong-listed PetroChina, topped ... three,' said Stephen Frost, director of CSR Asia, an advocate of corporate responsibility. Baosteel, China's largest steel maker, was given third place. HSBC, was named the most generous ...

  5. PetroChina output rise helps profit surge 30pc

    Posted Oct 30th 2008, 12:00am by Eric Ng

    ... deteriorated. PetroChina said 'rising imports and an economic slowdown caused by the credit crisis' saw mainland petrochemicals prices fall. Rival China Petroleum & Chemical Corp (Sinopec) ... Eric Ng Oil costs, price curbs shrink Sinopec net 38.7pc PetroChina, the nation's largest oil and gas producer, posted a 29.9 per cent year-on-year increase in third-quarter profit, ...

  6. Price controls hit PetroChina profit

    Posted Mar 30th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com PetroChina, the nation's largest oil and gas producer, is pinning its hopes on more favourable government energy pricing and tax policies this year ... fuel prices rising slower and by smaller amounts compared with crude oil prices. As a result, PetroChina posted an operating loss of 60.1 billion yuan in its oil refining operation, against ...

  7. Fidelity sells down ADR holding in PetroChina

    Posted May 17th 2007, 12:00am by Eric Ng

    ... that the listed company had no control over the investment decisions of its parent, China National Petroleum Corp. CNPC and China Petroleum & Chemical Corp (Sinopec) have projects with Sudan's ... with the US Securities and Exchange Commission, FMR Corp, the ultimate parent for various Fidelity funds, sold 4.07 million PetroChina ADRs over the first three months of the year, or 90.6 per cent ...

  8. PetroChina oil and gas output up 3.7pc

    Posted Apr 17th 2007, 12:00am by Eric Ng

    ... variety of manufacturing industries. Mr Lau attributed the rise to new production coming on stream. Meanwhile, China Petroleum & Chemical Corp (Sinopec) chief financial officer Dai Houliang ... Eric Ng PetroChina, the nation's largest oil and gas producer, posted a 3.7 per cent year-on-year increase in oil and gas output in the first quarter, although this revenue-positive ...

  9. CNOOC looks to parent on foreign forays

    Posted Sep 17th 2005, 12:00am by Eric Ng

    ... in overseas acquisitions, the government has encouraged mainland oil firms to band together to bid for assets. The most recent example is China National Petroleum Corp, the parent of PetroChina ... added, referring to fellow state-controlled oil firms PetroChina and China Petroleum & Chemical Corp's (Sinopec) long-standing strategy of having the parent firms venture abroad ...

  10. State Grid steps up insurance foray

    Posted Mar 29th 2007, 12:00am by Eric Ng

    ... PetroChina's parent China National Petroleum Corp, which has a life insurance joint venture with Italy's Assicurazioni Generali. CNOOC parent company China National Offshore Oil Corp has a life ... Eric Ng State Grid Corp of China, the monopoly power distributor in all but five provinces, is close to setting up two insurance units in its latest expansion into the insurance sector ...




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