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  • September 22, 2014
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  1. Citic Bank and BBVA set up wealth manager

    Posted May 12th 2009, 12:00am by Martin Zhou

    ... Martin Zhou in Beijing China Citic Bank Corp has formed a private banking venture with Banco Bilbao Vizcaya Argentaria as part of the restructuring effort that includes the newly announced acquisition of an overseas unit, sources said. The venture would be mainland-focused, and BBVA would hold a bigger stake than the 10.07 per cent stake it now owned in Citic Bank, they said. Citic ...

  2. Minsheng Bank looks for overseas investors

    Posted Mar 05th 2009, 12:00am by Martin Zhou

    ... China Minsheng Banking Corp, the country's first lender founded by private companies, is in talks to sell shares to strategic foreign investors, including banks, the chairman said. The bank is negotiating with companies from the United States and Eur ...

  3. Bank of Shanghai cleared to appoint new chief

    Posted Oct 30th 2008, 12:00am by Martin Zhou

    ... Martin Zhou in Shanghai Bank of Shanghai, the second-biggest city commercial bank that is partly owned by HSBC Holdings, has the municipal government's approval for the appointment of a new governor, ending a management reshuffle that has lasted for months, sources said. However, the lender's planned share offering, which has been expected to follow the reshuffle, has ...

  4. Guangzhou Auto may buy overseas assets

    Posted Apr 21st 2009, 12:00am by Kandy Wong, Martin Zhou

    ... Kandy Wong and Martin Zhou in Shanghai Guangzhou Automotive Industry Corp, the mainland's sixth-biggest carmaker, may buy overseas car component assets as prices have fallen sharply in the past months. Zeng Qinghong, the chairman of Guangzhou Auto, said yesterday during the Shanghai Auto Show that the carmaker 'hopes to acquire some core technologies of the global ...

  5. State-backed firms told to slow buying sprees

    Posted Feb 23rd 2009, 12:00am by Kandy Wong, Martin Zhou

    ... Kandy Wong and Martin Zhou in Beijing Even as the mainland's state-backed commodity companies have been on an overseas acquisition spree, manufacturing firms have been advised by the central government to slow down foreign mergers and acquisitions, as it believes global asset prices will continue to slide and better terms can be had for offshore acquisitions by waiting. China ...

  6. Property tycoon to face graft trial

    Posted Jul 16th 2004, 12:00am by Bill Savadove

    ... Bill Savadove in Shanghai Head of HK-listed firm has links to Bank of China Mainland authorities are preparing to prosecute another Shanghai property tycoon, Qian Yongwei, for bribery, more than a year after the government announced he was being investiga ...

  7. Property tycoon appears in court accused of embezzling 161m yuan

    Posted Mar 03rd 2009, 12:00am by Will Clem

    ... to the case of property tycoon Zhou Xiaodi, who appeared in the court in December, charged with conducting illegal land transactions and of masterminding a nearly fatal attack on his former partner. ... the privatisation. The court was told that they then sold 169 hectares of the plot to Zhou for more than 500 million yuan on April 9, 2001, Xinhua reported. Qin is alleged to have profited by more than 54 ...

  8. CNPC eyes spending cut as costs fall

    Posted Dec 19th 2008, 12:00am by Eric Ng

    ... capacity growth amid falling demand for fuel and petrochemicals. Zhou Jiping, the deputy general manager of CNPC, the parent of listed oil refiner PetroChina, told an internal investment management ... to adjust our investment plan and increase investment return,' he said. Mr Zhou said CNPC would seek to cut costs in various stages of the investment process, from project design to materials ...

  9. Dongfeng raises target after sales in first half beat expectations

    Posted Aug 31st 2010, 12:00am by Staff Reporter

    ... further afield, executive director Zhou Wenjie said. The partnership was approved by Beijing's National Development and Reform Commission this month, but Dongfeng and Yulon still needed to finalise terms of their agreement, Zhou said. On the new-energy front, Dongfeng said it planned to spend 3 billion yuan (HK$3.43 billion) over the next four to five years on 'green car' ...

  10. China State plots course for overseas expansion

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

    ... in the future,' vice-chairman and chief executive Sammy Zhou Yong said yesterday. 'We are looking for opportunities in Dubai and India- two of the fastest-growing economies in the world.' ... Mr Zhou said. In India, it has successfully tendered for the $605.8 million East-West Corridor highway project in Madhya Pradesh through a 50-50 local joint venture. Hong Kong's ...




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