Brief

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Citigroup pitches for Guangdong

Citigroup has made an offer of around US$1.5 billion for an 80% stake in Guangdong Development Bank, t

Central bank loosens interbank debt rules

The People's Bank of China has loosened corporate bond requirements in a move that will allow more bon

Overseas investors snare Yangshan Port

APM Terminals and Hutchison Port Holdings have signed an agreement to buy into Phase II of the Yangsha

ADB raises China growth estimates

The Asian Development Bank revised its growth estimates for China to 9.3% this year and 8.9% next year

Carlyle secures Chinese insurance

The Carlyle Group has signed an agreement to buy a US$408.7 million stake in China's third-biggest lif

Boeing to set-up MRO base in Shanghai

Boeing is expected to set up the first foreign-controlled aircraft maintenance, repair and overhaul (M

Hainan Airlines to buy into CR Airways

An executive at China's Hainan Airlines has confirmed that the carrier is in advanced negotiations to

eBay drops online shop set-up charges

Online auction house eBay China has said it will stop charging sellers for establishing online shops f

CSRC freezes foreign financial JVs

Regulators have refused foreign investment joint venture applications in the financial industry, repor

GDP revision seen 17.5% up

China is expected to have its GDP go up by 17.5% or by US$300 billion, according to AFP, after the cou

Municipality defends police shootings

The municipal Shanwei government in Guandong province defended police who fired on rioters December 6

Rivals bid on US$1b for bank

Citigroup and a consortium including Dutch bank ABN Amro and Chinese insurer Ping An are believed to h

Goldman No 1 in China deals

Goldman Sachs led foreign investment banks in Bloomberg's 2005 rankings in Asian takeovers, excluding

Two detained in Jilin hospital fire

A manager and an electrician have been arrested after being implicated in last week's Jilin hospital f

Crude import growth slowed in 2005

Crude oil imports slowed in 2005 to December 1, reported Dow Jones.

Regulator: Electricity reform falls short

A reform campaign to reduce power conglomerates' dominance of the sector has undermined by insufficien

Utility buys 20% of finance firm

Huaneng Power International, the Mainland's largest Hong Kong-listed electricity producer, has bought

UN ends 26 years of food aid

The United Nations will end 26 years of sending food to China at the end of the month, UN World Food P

Sixth case of human bird flu

China reported its sixth human case of avian flu as well as a fresh outbreak in a flock of ducks Decem

Citigroup frontrunner in bank bid

Citigroup is set to win a contested bid for a Guangdong Development Bank, one of China's biggest regio

Developer Agile IPO jumps 17.4%

Shares in mainland property developer Agile Property Holdings' US$406 million initial public offering

Banks offer asset-backed securities

China Development Bank and China Construction Bank began selling the country's first asset-backed secu

Jilin hospital blaze kills 33

A fire in a hospital in the northwestern province of Jilin killed at least 33 people December 15, repo

Rare China-Japan handshake at summit

The conclusion of the first summit of East Asian leaders in Kuala Lumpur Wednesday saw a rare handshak

FDI fell in first 11 months of 2005

China's actual foreign direct investment fell 1.9% between January and November over the same period i

Commerce Minister defends trade record

Commerce Minister Bo Xilai said that China has "diligently implemented" its commitments since acceding

Baidu to release 3m lock-up shares

In a move to boost share liquidity, underwriters of China's top Internet search engine Baidu announced

Forex reserves heading for US$1trn

China's foreign exchange reserves could exceed US$1 trillion by the end of 2006 unless domestic demand

Foreign investment in brokerages suspended

Approval for foreign investment firms' applications to "take stakes in or control" Chinese brokerages

Disney to roll cameras in China

Walt Disney Studios is to shoot its first motion picture on the Chinese mainland, the company announce

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