China Central Huijin

Stocks post biggest jump in 3 months

Mainland stocks posted their biggest single-day jump in three months yesterday, buoyed by Premier Wen Jiabao's support for the struggling market.

But analysts said the rally would prove short-lived, dragged down by worsening fundamentals.

Tuesday, 10 January, 2012, 12:00am

Wealth fund arm may be restructured

Beijing is mulling whether to spin off the domestic arm of the nation's sovereign wealth fund and inject an additional US$100 billion of capital into a new entity that focuses on overseas investments.

2 Sep 2011 - 12:00am

Money is no object - as long as ABC gets listed

China is full of surprises. So is the initial public offering of its largest, but underperforming, rural lender, the Agricultural Bank of China (ABC). Everybody was expecting the US$22 billion deal to flop. But it didn't. The offering was oversubscribed and priced at the mid to high end. How?

10 Jul 2010 - 12:00am

CCB answers call for closer Taiwan ties

China Construction Bank (CCB) is heeding the call from Beijing for companies to extend the olive branch to Taiwan, with plans by the lender to establish operations on the island.

'We are very keen on the idea of opening up business in Taiwan and it is in the interests of both us and our clients,' said chairman Guo Shuqing at a briefing yesterday.

25 Jun 2010 - 12:00am

Guangdong Nuclear eyes 10b yuan industry fund

China Guangdong Nuclear Power Group, the smaller of the nation's two state-owned nuclear power project developers, plans to raise 10 billion yuan (HK$11.34 billion) for an industry fund to help finance its projects.

21 Apr 2009 - 12:00am

Huijin to cash out of Galaxy

Central Huijin Investment plans to sell its stake in Galaxy Securities to China Investor Protection Fund in a government-orchestrated deal that will not generate a profit, Caijing reported yesterday on its website.

22 Jan 2008 - 12:00am

Huijin to shuffle management of Everbright Bank

Central Huijin Investment, which gained control of China Everbright Bank last month, plans to shake up the bank's management and eventually let Standard Chartered effectively run the lender, sources said.

5 Jun 2007 - 12:00am

Bailout approved for Everbright Bank

China's cabinet approved the rescue plan for China Everbright Bank, the country's eighth-largest lender, before its proposed US$1.5 billion Hong Kong initial public offering next year, industry sources said.

14 Dec 2006 - 12:00am

Guotai Junan eyes Shanghai broker

Acquisition part of city government's plan to save bigger firms

Guotai Junan Securities, China's biggest brokerage house by trading volume last year, plans to buy the much smaller Shanghai Securities in a deal that the Shanghai government has encouraged as part of its plan to save bigger brokers by sacrificing smaller ones, according to a source.

14 Dec 2006 - 12:00am

Galaxy Securities reports first-half profit of 1.2b yuan

China Galaxy Securities, the country's biggest securities firm wholly owned by the central government, reported a profit of 1.2 billion yuan in the first six months amid its delayed restructuring process to a shareholding company.

5 Aug 2006 - 12:00am