Brief

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Pilot program to loosen forex controls

Taking steps to loosen capital controls on multinational companies, China unveiled a pilot program Sun

240 cases of corruption in China banks

China's banking watchdog reported 240 cases of corruption in state-owned commercial banks in the first

GE to take stake in China bank

General Electric Co agreed to pay US$100 million for a 7% stake in Shenzhen Development Bank Co, pendi

Tai Ping Life Insurance to issue debt

Tai Ping Life Insurance Co Ltd, a subsidiary of China Insurance International Holdings Co Ltd, will is

DBS to take stake in China manufacturer

Singapore's largest banking group, DBS Bank, will take an indirect stake of up to 8.87% in China Infra

Economy sees 9.4% growth

Investment and net exports helped China's economy grow at an annualized rate of 9.4% from July to Sept

Car trade surplus hits new high

China's trade surplus in cars and components hit a record US$3.57 billion in the first eight months of

Bank chief calls for bond reform

People's Bank of China governor Zhou Xiaochuan has said large companies should be encouraged to raise

China faces "grave" bird flu threat

Vice Premier Hui Liangyu has admitted China faces a "grave" threat from bird flu as the World Health O

ABN AMRO looks to Guangdong

Dutch bank ABN AMRO and Ping An, China's second largest insurer, are considering purchasing a stake in

PC maker stretches Asia Pacific lead

Lenovo has widened its market lead in the Asia Pacific region on the strength of its brand name in Chi

Taobao commits to free services

Chinese online auction website Taobao will invest US$120 million to extend its free service commitment

Treated seawater will be part of China's water supply

Desalinated ocean water will eventually account for more than 1/3 of the water supply in China's coast

China: will not use nukes first

In event of armed conflict, China would not be the first to use nuclear weapons, the commander of Chin

Minsheng Bank to sell bonds

Following the cancellation of a planned IPO in September, China Minsheng Bank now intends to sell up t

Fresh outbreak of bird flu

A total of 2,600 birds have died following a fresh outbreak of avian influenza in the northern provinc

No change to investment rules

China will not relax the current caps on foreign investment in its banks in the near term, having rais

Beijing issues democracy 'white paper'

The Chinese government issued a lengthy justification of its commitment to unassailable one-party rule

CCB IPO response is lukewarm

China Construction Bank's IPO is unlikely to pull in top dollar investment from fund managers, and the

Shanghai Automotive profits fall

Shanghai Automotive Co.

Rumsfeld: China understates military build-up

Speaking to reporters in Beijing during a visit that aims to pave the way for US President Bush's trip

China cancels visit by Japanese foreign minister

China canceled a visit by Japan's foreign minister after Japan's Prime Minister Junichiro Koizumi's Mo

CITIC to buy stake in Allianz JV

CITIC Trust and Investment, a government-backed investment arm, will buy Dazhong Insurance's 49% stake

Xiangcai Securities to sell stake to foreign bank

Xiangcai Securities, China's seventh-largest brokerage house, plans to sell a stake to either Citigrou

Chinese poet Ba Jin dies

Chinese poet Ba Jin, revered by his people for pre-PRC novels that depicted the evils of feudal societ

Snow urges Chinese market reforms

Speaking in Beijing, US treasury secretary John Snow said China needed to further liberalize its finan

Plans for power grid listing

China is preparing a multi-billion dollar listing of China Southern Power Grid Corporation, its state-

German consortium invests in Huaxia

Deutsche Bank will lead a consortium to take a 14% stake in Huaxia Bank for US$329 million, which repr

Bush to visit China

US President George Bush will visit China following the APEC summit in South Korea on November 18-19 a

Dissident denounces Yahoo

A leading Chinese advocate of internet freedoms has accused US portal Yahoo of betraying its customers

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