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  • November 26, 2014
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  1. Four investors prescribe US$550m for drug company

    Posted May 03rd 2011, 12:00am

    ... was partly brought about by the national government's efforts to consolidate the fragmented pharmaceutical industry. China's pharmaceutical industry is expected to grow by a compound annual ... Lulu Chen Shanghai Pharmaceuticals, China's second-biggest distributor of pharmaceutical products, has secured US$550 million from four cornerstone investors for its Hong Kong public ...

  2. ZTE posts weak 150.9m yuan profit

    Posted Apr 27th 2012, 12:00am

    ... generating 'less high-margin revenue from China and Africa'. Besides these factors, ZTE is spending more of its available funds in operations, capital spending and financing costs. ... up its cash position and cut down fundraising costs by about 100 million yuan annually. It will also apply this month to renew lines of credit with China Development Bank for US$5 billion ...

  3. After telecoms, who's next?

    Posted Nov 11th 2011, 12:00am

    ... of the China Mobile Internet Industry Alliance, as saying: 'If the National Development and Reform Commission (NDRC) can prompt the reduction of internet fees and help the 150 million broadband ... is PetroChina, and SinoPec Group, whose listed arm is called SinoPec Corp. 'The structure of the industry is monopolistic by its design,' Lin said. 'If the government thinks the monopoly ...

  4. Insurers pour billions into Beijing commercial market

    Posted Mar 28th 2007, 12:00am by Sandy Li

    ... (Group) poised to pour billions of yuan into the capital city. China Ping An Trust & Investment, a subsidiary of the Hong Kong-listed insurer, has bought more than 100,000 square metres of commercial space in two projects in Haidian district for more than 800 million yuan, according to sources close to the deal. The group- China's second-biggest insurer- is also actively seeking ...

  5. AviChina gets HK$698m in institutional share sale

    Posted Feb 25th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com AviChina Industry & Technology, an aircraft and components manufacturing conglomerate, has raised at least HK$698 million by selling new shares to institutional investors and will use the proceeds to fund potential acquisitions. The Hong Kong-listed arm of state-owned Aviation Industry Corporation of China (Avic) sold 196.7 million new shares ...

  6. Results diary

    Posted Sep 21st 2004, 12:00am by Staff Reporter

    ... Sept 21 Interim: Chia EB Int'l, China Inv Holdings, China Strategic, Dynamic Holdings, eForce Holdings, FT Holdings, Harbin Brewery, Hauling, Kith Holdings, Kwang Sung Elec, Midland Realty, New World Mobile, Omnicorp, Shanghai Growth, Shenzhen Int'l, South China Brokerage, South China Holdings, South China Industries, Tai Ping Carpet, Wing On Travel, Wo Kee Hong, U-Cyber ...

  7. China to target more foreign aviation firms

    Posted Apr 18th 2011, 12:00am

    ... May Chan The Aviation Industry Corporation of China and China Construction Bank International are set to raise capital for a joint investment fund targeting foreign assets related ... in the past.' China Aviation Industry General Aircraft, a subsidiary of AVIC, signed a deal last month to acquire Minnesota-based Cirrus Industries, the second-largest manufacturer of single-engined ...

  8. EU still waits after Beijing access talks

    Posted Jun 13th 2007, 12:00am by Tom Miller

    ... of the People's Bank of China, and Shang Fulin, chairman of the China Securities Regulatory Commission, to discuss regulatory issues in the financial sector. The EU's low-key approach contrasts with the strong stance in pressuring the mainland to further open up taken by many members of Congress during the second session of the Strategic Economic Dialogue between China and the US last month. ...

  9. State's grip loosens as world banks on China

    Posted Oct 01st 2005, 12:00am by Staff Reporter

    ... of non-performing loans (NPLs) once estimated to account for nearly half of bank lending in China. The government earlier this year pumped US$15 billion into the Industrial and Commercial Bank of China ... eventful in China's banking history, with the government injecting US$60 billion into the country's three largest commercial banks, a string of foreign investments, a major public listing ...

  10. Loans boost earnings at 'big two' lenders

    Posted Apr 29th 2011, 12:00am

    ... Industrial and Commercial Bank of China, the world's largest lender by market value, said first-quarter net earnings rose 29 per cent from a year ago to 53.79 billion yuan (HK$64 billion). Meanwhile, China Construction Bank, the nation's second largest by asset, said its net income rose 34 per cent to 47.2 billion yuan. The handsome profits, slightly better than analysts' ...




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