The Bank of China (BOC), the second largest lender in China, is likely to acquire a 30% stake in Switzerland-based Heritage Fund Management SA (HFM), a subsidiary of Switzerland’s investment institution Heritage Bank, according to industry sources.
The deal is still being discussed, said Li Tao, manager of HFM’s investment department. However, he refused to disclose [...]
Hong Kong & China Gas Co., the piped- gas supplier controlled by billionaire Lee Shau-kee, may pay a yield about 2.4 percentage points above U.S. Treasuries for its first dollar bond sale, according to an e-mail sent to investors.
The 146-year-old company plans to pay the yield for the benchmark size 10-year notes it is selling [...]
China Huaneng Group, the nation’s biggest electricity producer, together with government research agencies in China and Australia started a project to capture carbon dioxide emitted by a coal-fired power plant.
The pilot project will be the first instance of capturing carbon dioxide in China using the so-called post-combustion capture technology, Australia’s Commonwealth Scientific and Industrial Research [...]
China’s newly-established National Energy Administration (NEA) has begun operation, according to sources with the National Development and Reform Commission (NDRC), the country’s top planning body to which NEA is attached to.
The State Council, China’s cabinet, has recently approved NEA’s official responsibilities, organization and staff quota, the sources said.
Tags: Energy
A wind power plant has become operational in suburban Beijing, considered a major step towards making 20 percent of the power supply to the city’s Olympic venues during the games wind-generated.
The Guanting Wind Power Plant, beginning operation on Saturday, would not only help fulfil Beijing’s promise of a “green Olympics”, but symbolize the first-ever large-scale [...]
Chinese Vice Premier Wang Qishan and visiting Russian Deputy Prime Minister Igor Sechin launched an energy resources negotiation mechanism in Beijing on Saturday.
“Today’s first round of negotiation achieves positive fruits,” Wang said after co-chairing the negotiation with Sechin.
Energy cooperation plays an important role in the strategic cooperation between China and Russia, he said, noting the [...]
