BIZCHINA |
 Companies
Money
Energy
Technology
Statistics
Newsmaker
Biz Unusual
Events
Reports Specials
|
|
| News Flash: |
|
Shenzhen Development Bank said its 2009 net profit reached 5.03 billion yuan ($736.9 million), or 1.62 yuan per share, up 719 percent from a year earlier, thanks to a lower provisions for bad loans, rapid lending growth and higher fee income, the bank said in its annual report Thursday.
The non-performing loan (NPL) rate of China's five major banks was down by one percentage point to 1.8 percent from the start of the year, the China Banking Regulatory Commission (CBRC) said Thursday.
There are now more billionaires in China than any other country besides the United States, according to Forbes magazine.
A key gauge of inflation rose by a stronger-than-expected 2.7 percent year-on-year in February from 1.5 percent in January, adding pressure to tighten policies. Land hoarding to be curbed
Investors bid up Air China shares to a two-year high on Friday on expectations the world's largest airline by market value will use its new $950 million war chest to fund acquisitions at home and abroad.
Surging spot prices of iron ore are forcing steel mills to look for more domestic supplies, something that would also reduce their dependence on costly imports, industry insiders said.
State-owned investment company Citic Group expects real estate to be the mainstay for non-financial businesses and will consider listing its realty unit soon, Chairman Kong Dan said on Thursday.
Subway, the US-based sandwich-shop chain, plans to open 500 stores in the Chinese mainland during the next five years as it tries for a bigger share of the fast-food market there, said co-founder Fred DeLuca.
Air China, the world's most valuable airline in terms of market capitalization, said it will raise about 6.5 billion yuan ($952.20 million) via an issue of new shares, becoming the second Chinese carrier to announce fundraising plans this week.
China's Dongling Group is preparing to restart a 100,000-ton-a-year lead and zinc smelter this month shut since August last year following accusations by locals that it was a source of lead poisoning.
Hebei Iron & Steel Group is planning more mergers and acquisitions in China and abroad as part of a government drive to improve the country's mills.
Google on Thursday denied it was planning to shut down its business in China by the end of the month. Google to face consequence if it disobeys law
As of March 10, more than 1,400 consumers had expressed their willingness to take part in a group complaint against Hewlett-Packard Co (HP) over faulty laptop computers and more than 80 lawyers said they would like to extend help in the case.
JPMorgan Chase & Co will set up a securities joint venture in China with First Capital Securities Co, two people with knowledge of the matter said.
Investors should buy Asian stocks outside Japan after valuations dropped and before sentiment strengthens further, Goldman Sachs Group Inc said.
While this is but one example of how the newly introduced technology in China could work for GM car owners, other domestic carmakers are also adding the technology to their vehicles.
Chinese brands do not have ability to cash in on recalls. Dan Chinoy and Li Fangfang report from Beijing.
There are Americans saying they are afraid that China may get ahead in new energy competition. There are Chinese saying they are convinced that "a great number" of their own new energy projects are just for show, not really productive.
China's need for private investment - partly due to economic growth and restricted access to the public market - has attracted a slew of high-profile investment bankers to join the private equity (PE) or venture capital (VC) practice.
A 26-year-old woman in Beijing is recruiting a man to be her temporary boyfriend from the biggest global Chinese online community, in order to stop her mother bringing her back to their hometown.
| Name | Value | Change | Time |
| Shanghai | 3,013.41 | -1.24% | Fri |
| Shenzhen | 12,169.11 | -1.61% | Fri |
| HSI | 21,209.74 | -0.09% | Fri |
| NIKKEI | 10,751.26 | +0.81% | Fri |
| Dow | 10,611.84 | +0.42% | Thu |
| Nasdaq | 2,368.46 | +0.40% | Thu |
No new policies on home loans needed-official
