China’s Ping An Trust and Comapgnie Financiere Tradition (CFT) yesterday launched a new joint venture, Ping An Tradition International Money Broking Co Ltd, which is the third largest money brokerage in the country, according to sources.
67% of the new venture was held by Ping An Trust, a subsidiary of Ping An Insurance Co Ltd, and [...]
Hong Kong will extend visa-free visits to nationals from six Middle Eastern countries, namely Saudi Arabia, Bahrain Jordan, Kuwait, Omanand Qatar from 14 to 30 days. The extension will be put into effect from Feb. 4, 2008, said Donald Tsang, the Chief Executive of Hong Kong SAR at a business luncheon in Saudi Arabia yesterday.
With [...]
Danone, the French food manufacturer who has been tied up with the legal battle with its Chinese joint venture partner, Wahaha, for a long time, is reported to buy two domestic dairy plants located in Beijing and Shanghai respectively from Miaoshi Dairy, a Beijing-based dairy manufacturer. The cooperation between the two companies may be extended [...]
Amid the fiercest snowstorms in five decades in Southern part of China, many auto manufactures have been shut down, leading a decrease of output. It is expected that carmakers may reopen their plants this weekend and the shortfalls of output may be covered through extra shifts since the impact should be limited, source reported.
Tags: Auto, [...]
China Petroleum & Chemical Corp (Sinopec), the country’s largest oil refiner, will investment RMB 16 billion (US$2.2 billion) to raise the production capacity of its plants in China, said a company official familiar with the deal.
It will spend around RMB 10 billion in expanding the Changling refinery in central China’s Hunan province, by doubling the [...]
China Telecom Corp, the nation’s largest fixed-line telephone carrier, denied recent reports that it is preparing to buy CDMA network from China Unicom Ltd as part of China’s telecom industry restructuring.
According to recent reports, top executives on both sides have conducted several rounds of talked and China Telecom has started hiring technicians familiar with CDMA [...]
