Shanghai Electric Group Co Ltd<601727><2727>, one of China’s largest mechanical and electrical equipment manufacturers, announced on Tuesday it would list in the Shanghai Stock Exchange on Dec. 5, according to its filing with the Hong Kong Stock Exchange.
The company has taken over its unit Shanghai Power Transmission & Distribution Co (SPTD), in which it holds [...]
Shanghai Pudong Development Bank (SPDB)<600000>, one of China’s leading joint-stock lenders partly owned by Citigroup, announced on Wednesday it has achieved an agreement with Laishang Bank to pay RMB 378 million to buy 108 million shares, or 18% of the total equity of the latter, market sources reported.
Upon the completion of the acquisition, Shanghai-based SPDB [...]
China’s 3 trillion yuan ($440 billion) insurance industry was largely insulated from the U.S. subprime crisis that hit AIG (AIG.N: Quote, Profile, Research, Stock Buzz) and other foreign firms, but the fallout poses the toughest challenge in a decade as profits tumble and demand for insurance products slumps.
China’s cautious regulators reined in the overseas adventures [...]
China’s stocks rose, as a government plan to increase consumer spending overshadowed reports that manufacturing contracted by a record last month.
Sichuan Changhong Electric Co., a maker of television sets, surged 9.9 percent after the government said it will expand a plan to subsidize household appliance purchases by farmers. GD Midea Electrical Appliances Co. jumped 10 [...]
China warned on Thursday that its economic downturn could threaten stability as pressure grew on the European Central Bank to make a big cut in interest rates to help contain the global financial crisis.
In India, emerging Asia’s other economic titan, financial markets were closed after Islamist militants killed more than 100 people in the commercial [...]
Hong Kong stocks Tuesday climbed 403.71 points or 3.24% to end the morning session at 12,861.65 points, with mainboard turnover standing at HK$22.00 billion.
Hang Seng China Enterprise Index, which tracks the overall performance of 43 Chinese mainland state-owned enterprises on the Hong Kong Stock Exchange, jumped 274.56 points or 4.31% to 6,651.52 points.
Tags: China-Life, HK, [...]
