For any briefs, most often the Daily Briefs

China to use foreign bank credit data

China announced that foreign banks will be permitted to share credit data on both individuals and corp

Fortis Haitong launches China's largest mutual fund

Fortis Haitong Fund Management said it received RMB 12 billion from investors, the largest subscriptio

HP to significantly increase China presence

Computer maker Hewlett-Packard (HP) announced that it will significantly increase its investment in th

Construction approval frozen for 26 cities

China announced the freezing of construction approval for land in 26 cities, including Beijing, after

JP Morgan approved to set up fund JV

JP Morgan Chase's asset management arm said it received approval to set up an US$18 million fund manag

China sets up first DNA databank

China announced the opening of its first DNA databank.

BOC debt sale delayed

Plans by the Bank of China (BOC) to sell US$724.9 billion to US$1.1 billion of non-performing loans wa

CNOOC forms trading JV with Sinopec

Oil and gas producer China National Offshore Oil Corporation (CNOOC) formed a trading joint venture wi

Industrial growth slows

China's industrial production growth slowed in January and February, the first such slowdown since Sep

Maglev reports denied

An official of the Zhejiang provincial government denied media reports that a magnetic levitation (mag

Intel rejects China's Wi-Fi standard

Intel announced that it would not meet the deadline set by the Chinese government for adhering to a ne

Sina to acquire job search firm for US$125m said it will acquire job-search company Crillion Corp for US$125 million in cash and shares.

Shanghai-Hangzhou maglev line proposed

The Shanghai government said that it was waiting for approval for a magnetic levitation (maglev) train

China's No 2 brewer acquires Zhejiang brewer

Mainland brewer China Resources Breweries (CRB) purchased Zhejiang Qianpi Group, Zhejiang province's l

Newbridge Capital to buy into Minsheng Bank

US investment fund Newbridge Capital will acquire a 4.82% stake in joint-stock bank Minsheng Bank, acc

US trade chief warns China

US Trade Representative Robert Zoellick warned China that the US may erect trade barriers against Chin

China records two-month trade deficit

China recorded a US$7.9 billion trade deficit in the first two months of 2004 as imports continued to

Carlyle Group to invest US$400m in China Pacific

The Carlyle Group plans to invest US$400 million in China Pacific Life Insurance Co with an undecided

Petitioners detained in Beijing gym

Police rounded up thousands of people who had traveled to Beijing to voice their concerns to the gover

Canada bans Chinese Fuji apples

The Canadian Food Inspection Agency suspended the import of Fuji apples from Shandong province, China'

Baosteel to supply Ford in Europe

Baoshan Iron & Steel (Baosteel) secured a sheet steel export contract with US automaker Ford's Eur

BNP Paribas opens RMB 5bn fund

BNP Paribas said it began sales of its first Chinese securities fund, for which it plans to raise a to

Gas pipeline ahead of schedule

China announced that its US$5.2 billion east-west gas pipeline will be finished ahead of schedule and

Agriculture tax to be phased out

China announced that it plans to incrementally reduce and eventually abolish the country's agriculture

Scrutiny of foreign banks to increase

China announced that it will increase monitoring of foreign banks with operations on the mainland.

Government lays out economic goals for 2004

The State Council member Ma Kai told the National People's Congress that a minimum economic growth rat

Defense budget to increase by US$2.6bn

China's national defense budget will increase by US$2.64 billion, or 11.6%, according to a budget repo

PBOC chief says no interest rate hike

People's Bank of China (PBOC) Governor Zhou Xiaochuan said that China's central bank will not raise th

Sinopec reaches deal with Saudi Arabia

Sinopec reached a deal with the Saudi Arabian government that will allow it to explore the country's n

Koizumi criticized at NPC

Chinese Foreign Minister Li Zhaoxing said in a press conference during the National People's Congress


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