Brief

For any briefs, most often the Daily Briefs

Censors block mainland search engines

The search engines of two of the most popular Web portals on the mainland, Sina and Sohu, were forced

Pension fund buys strategic ICBC stake

The Industrial and Commercial Bank of China agreed Monday to sell a 5% strategic stake to the country'

Zoellick returns to Goldman Sachs

US Deputy Secretary of State Robert Zoellick, a leading architect of Washington's China policy, announ

Wen calls on Congo

Premier Wen Jiabao inked seven cooperation accords with the Republic of Congo on the third stop of a s

Piracy costs moviemakers US$2.7b

Mainland piracy cost the movie industry US$2.7 billion last year, a study commissioned by the US-based

Reserve requirement hiked

China's central bank raised reserve requirement ratios for commercial banks a half percentage point to

GM exec joins SAIC

The former head of General Motors China, Phil Murtaugh, has been named as the new executive vice-presi

New M&A rules set to boost activity

Proposed new merger and acquisition rules will give buyers more flexibility and boost M&A activity

China cleanup bill: 1.6% of GDP

Some US$162 billion, or 1.6% of the country's GDP over the next five years, will go to clean up the en

BOC sets Shanghai offer range

Bank of China said it will offer 10 billion shares in Shanghai at between US$.38 and US$0.39, a 14% di

New $250M quota to foreign investors

Two qualified foreign institutional investor (QFII) were awarded new investment quotas, state media r

Fraud fears keep investors away

One in five companies looking to invest in China and other emerging markets may ditch their plans due

Fixed-asset investment still rising

Fixed-asset investment rose 30.3% year-on-year in the first five months of 2006, the National Bureau o

SCO talks deliver progress with Iran

Iranian President Mahmoud Ahmadi-Nejad issued a rallying cry to China, Russia and central Asian nation

CNOOC hits deep-sea gas reserve

China National Offshore Oil Corp (CNOOC) and its Canadian partner Husky Energy have found China's firs

FDI falls by nearly 8% in May

Foreign direct investment (FDI) in China fell 7.86% to US$4.5 billion last month compared to the same

Suntory buy ends Foster's run

Japanese brewer Suntory is to buy Foster's brewery in Shanghai together with its local brands in a dea

Sinopec plans Angola deal

China Petrochemical, also known as Sinopec, will pay US$692.2 million for stakes in three deep-water o

CMB spurns Japanese investment

China Merchants Bank has backed out of a US$300 million investment deal with Japan's Bank of Tokyo-Mit

Wen issues over-heating warning

Premier Wen Jiabao issued a new warning to officials at a State Council meeting Wednesday to rein in i

Air China to list at home

State-run Air China is awaiting approval for a US$1 billion domestic share offering, the Shanghai Secu

Cross-Strait flights to rise

Mainland China and Taiwan announced an increase in the number of direct charter flights across the Tai

Ping An eyes bank stake

Ping An Insurance has approached Everbright Bank about taking a stake in the medium-sized lender, Reut

HK considers poultry import ban

Hong Kong is considering a ban on poultry imports from Guangdong following confirmation from provincia

Retail sales leap in May

Retail sales increased 14.2% year-on-year to US$78 billion in May, the National Bureau of Statistics s

Hiring hit by wage inflation

Wages in financial and professional services have climbed 17%, according to a Manpower report cited in

Oil imports up 19%

Crude oil imports rose sharply in May due to increasing demand from refiners and a low base in the cor

ICBC, Postal prepare IPOs

Two more banks are getting ready to ride the IPO wave, the South China Morning Post reported.

Recent property transactions down

The number of property transactions in Beijing and Shanghai has declined, prompting state media to hai

Civil servants fail to save energy

China has ordered civil servants to go without their cars, climb stairs and give up air conditioning f

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