Shanghai Gold Exchange (SGE) posted gold trading volume of 239.97 tons in May, a sharply 166.84% increase year-on-year, according to SGE’s monthly business report released this week. Aggregate trade value rose 225.07% to RMB 48.087 billion.
Tags: bank, BOC, CMBC, gold, ICBC
CNNC Overseas Uranium Holding Ltd, a wholly-owned subsidiary of China National Nuclear Corp (CNNC), plans to acquire a 75% stake in United Metals Holdings Ltd<2302>, a Hong Kong-listed manufacturer of die-cast products, for HK$609.60 million, according to a United Metals statement filed with the Hong Kong Stock Exchange.
CNNC Overseas agreed to buy 125 million existing [...]
Aetna Inc., one of the leading diversified health care benefits companies in the U.S., announced yesterday that it has set up a representative office in Shanghai, China , the fist step to tap the country’s growing medical insurance market.
Aetna Global Benefits (AGB), international division of Aetna, received approval from the China Insurance Regulatory Commission in [...]
Hilton Hotels Corporation, a leading global hospitality company, plans to expand its operations in Asia by adding 300 hotels, over the next ten years. It expects the tourism industry in China and India to grow, resulting in higher demand for hotel rooms, according to industry sources.
“The Asia region is one of our absolute top priorities [...]
China National Offshore Oil Co. Ltd. (CNOOC), the country’s largest offshore oil and gas producer, announced on Tuesday that its new oil field Xijiang (XJ) 23-1 in the South China Sea has successfully started operations.
Located in Block XJ04 in the Pearl River Mouth Basin, about 19 kilometers east of XJ23-4 oil field, XJ23-1 is expected [...]
Prices of manufacturing inputs rose 0.5% last week, compared with the previous week in China, while farm produce prices declined 0.1%, according to the Ministry of Commerce (MOC) statement on Tuesday.
Of the total of 112 products surveyed, prices of 37 products, including energy, minerals, rubber, non-ferrous metals, and construction and farm production materials were up. [...]
