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Index / Nederland / Chalco p cowboys jerseys osts 99.9% slump in 2008 net profit
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Door fqu321 - Maandag 5 december 2011, 07:26

Chalco p cowboys jerseys osts 99.9% slump in 2008 net profit

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Chalco posts 99.9% slump in 2008 net profitPublished: 29 Mar 2009 20:03:02 PST<p class="authorInfor"]</p]<!--begin CK content--]<P]Mar. 30, 2009 (China Knowledge) - Aluminum Corp of China Ltd (Chalco)&lt;601600&gt;&lt;2600&gt;&lt;ACH&gt;, the nation's largest aluminum producer, said its 2008 net profit slumped 99.9% to RMB 9.2 million due to a sharp drop in metal prices and a steep increase in costs.</P]<P]In 2007, Chalco realized RMB 10.75 billion in net profit, sources said.</P]<P]According to the company's latest financial result, its revenue for 2008 decreased to RMB 76.73 billion compared with RMB 86.20 billion in 2007.</P]<P]Chalco also posted a larger-than-expected net loss in the fourth quarter of last year, its first loss in a decade.</P]<P]The company said it will trim investment scale and improve investment structure to ride out the tough period.</P]<P]Aluminum Corp of China (Chinalco), parent of Chalco, is offering US$19.5 billion to buy Rio Tinto assets and convertible notes which would lift its Rio Tinto stake to 18%. <BR]</P]
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CPI, PPI Playground slides rising, but inflation risk remains small

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CPI, PPI rising, but inflation risk remains smallPublished: 22 Oct 2009 12:02:02 PST<p class="authorInfor"]</p]
By Li Qiaoyi </p]
There is no risk of inflation given that the readings of the consumer price index (CPI) and the producer price index (PPI) have yet to post positive growth, Li Xiaochao, spokesman for the National Bureau of Statistics, said on Thursday.</p]
Li told a press conference held in Beijing for the release of third quarter statistics that there are inflationary expectations which need to be given attention, as both the CPI and the PPI have been growing on a monthly basis.</p]
The CPI declined 0.8 percent from a year earlier in September. It was up 0.4 percent from August, however, marking the second consecutive month that the index rose from the previous month after the descent ended in July.</p]
PPI was down 7.0 percent year-on-year in September, but continued a half-year-long monthly increase, up 0.6 percent from August.</p]
Lian Ping, chief economist at the Bank of Communications (BCM), agreed that there's no imminent inflation risk, while noting that the probable upswing in consumer prices next year would lead to rising concerns over inflation.</p]
Price increase of resources, like the controversial water fee adjustment, has further triggered price hikes, Lian said.</p]
Fears of imported inflation are also likely to grow, as prices for bulk commodities like oil are on the rise, he added.</p]
Inflation is poised to turn positive in the current quarter and to continue rising next year, Ken Peng, economist with Citigroup, predicted in a report released on Thursday.</p]
The CPI should have &quot;mildly positive growth&quot; in the fourth quarter to reach about 0.6 percent growth year-on-year, and the PPI's annual decline should contract, Zhu Jianfang, chief macroeconomic economist at CITIC Securities, estimated in a report published on Thursday.</p]
The CPI will post positive year-on-year growth in November and the PPI will turn positive early next year, Lian said.</p]
The economists' prediction of rising inflationary expectations came just one day after the State Council, or the cabinet, said that balancing the relationship between maintaining stable economic growth, adjusting the economic structure, and managing inflation would become a major focus of macroeconomic policy in the coming months.</p]
The State Council added 'rebalancing the economy' to its policy focus, sandwiched between a focus on growth and inflation, Nomura Securities' Sun Mingchun said in a report released on Thursday.</p]
The cabinet mentioned &quot;inflationary expectations&quot; in its official announcement for the first time, saying the ongoing active fiscal and moderately loose monetary policy would be continued in an effort to assure the stability of the economy.</p]
However, some economists disagree with the government's prediction. Qin Xiao, chairman of China Merchants Bank, China's sixth largest bank by net assets, raised concerns over rapid growing asset bubbles due to the expansion of liquidity in an article he wrote in the Financial Times Wednesday.</p]
&quot;Monetary policy must not neglect asset-price movements. So it is urgent that China shifts from a loose monetary policy to a neutral one,&quot; Qin said.</p]
Qin's viewpoints were shared by Citigroup's Peng and BCM's Lian.</p]
We have long held that policy stance would turn neutral before the end of the year, Peng said in the report.</p]
&quot;While it's okay to maintain the proactive fiscal policy and moderately loose monetary policy for a short time, it's wise for the government to shift to a more neutral stance in the long term to assure the sustainable growth of the economy,&quot; Lian said.</p]<p align=center] Explore the World, Understand China!
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Door fqu321 - Maandag 5 december 2011, 07:27

China No ccm hockey nferrous Metal Mining starts issuing RMB 1 bln bonds

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China Nonferrous Metal Mining starts issuing RMB 1 bln bondsPublished: 27 Nov 2008 01:58:10 PST<p class="authorInfor"]</p]<!--begin CK content--]
Nov. 27, 2008 (China Knowledge) - China Nonferrous Metal Mining (Group) Co Ltd, a large-sized state-owned enterprise under direct leadership of the State-owned Assets Supervision and Administration Commission (SASAC), started issuing RMB 1 billion fixed-rate corporate bonds with a maturity of ten years on the interbank market on Nov.27 to Dec. 3. </p]
The company said in a statement that the proceeds from the issuance will be used to fund projects and supplement working capital. </p]
China Chengxin International Credit Rating Co has rated the issuer and the bonds AA+ and AA+ respectively. </p]
Guotai Junan Securities Co has been assigned as major underwriter for the sale.<br /]</p]<br /]Copyright &copy; 2008 www.chinaknowledge.com<br /]<br /]Send feedback or comments to: news@chinaknowledge.com<br /]<br /]For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: <br /]<br /]To access our page on Bloomberg, type CKFI <go]<!--end CK content--]</go]<!-- right Begin --]Related TopicsChina News<br /]<map name="Map" id="Map"]</map]<!-- right end--]lipo battery &#23567;&#39069;&#36151;&#27454; &#21516;&#22768;&#20256;&#35793; &#30701;&#20449;&#32676;&#21457; &#38109;&#21512;&#37329;&#21319;&#38477;&#26426; &#29694;&#37329;&#21270; &#21475;&#12467;&#12511; &#12463;&#12524;&#12472;&#12483;&#12488;&#12459;&#12540;&#12489;&#29694;&#37329;&#21270;


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Door fqu321 - Maandag 5 december 2011, 07:29

Extra Sp android tablet ecial Delivery

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Extra Special DeliveryPublished: 30 Nov 2009 08:02:01 PST<p class="authorInfor"]</p]
<br /]Young customers visit Panda Slow Delivery's first store located in Beijing's 798 Art District. Photo: Chen Yang</p]
By Chen Yang </p]
Li Baochen was intent on getting a letter to his fiancee delivered on time, the only problem was that he wanted it to arrive in 2046.</p]
&quot;By then I'll have a family and I want to see how much I've changed,&quot; Li told Beijing TV.</p]
In a world of email, cell phones, and air-shipped next-day delivery, where do you go when you want a letter to inch along to its destination rather than get there lightning-fast?</p]
Tucked away in a quaint corner of Beijing's bustling 798 Art District, lies a very special delivery service, which can do just that.</p]
Panda Slow Delivery </p]
Founded by six like-minded friends, Panda Slow Delivery opened this March, inspired by a delayed postcard.</p]
Li Yina, one of the founders, used to work as a consultant in Beijing, but when she sent a postcard while she was on vacation, a lightbulb went off in her head.</p]
&quot;It took more than a month for the postcard to arrive,&quot; she said. &quot;When it finally made it, it brought back good memories from my trip. I realized other people might want to have that experience too.&quot;</p]
At Panda Delivery, customers can buy original postcards or bring their own and choose the day they want it to be delivered. The store keeps their mail and sends them by China Post or express delivery on the specific date.</p]
An original postcard is sold between 5 yuan ($0.70) and 30 yuan ($4.40). In addition to normal postage, Panda Delivery charges for keeping and forwarding the mail for delivery. It costs 10 yuan ($1.50) for each letter to be delivered later this year, and another 5 yuan per year beginning from 2010.</p]
Zhao Yue, co-owner and creative director of Panda Delivery, said they have sent more than 10,000 letters and postcards, and have kept several thousand letters for slow delivery up to 2059 in their company storage space.</p]
&quot;Most of the slow deliveries will be posted within the next three years, and we have established a customer database to update their addresses,&quot; she said.</p]
Currently Panda's service is limited to letters and postcards. &quot;We also received some requests from customers asking delivering expensive gifts, but we didn't accept them due to high storage risks,&quot; she added.</p]
Panda Delivery's business has developed fast. It opened branches in Beijing APM, a shopping mall in glitzy Wangfujing and Oriental Ginza, an upscale mall near the Central Business District, in October.</p]
Zhao said several Chinese venture capital companies have become interested in their business and expressed an intention to invest, and they plan to open more branches around the country as well as develop telephone and online business.</p]
&quot;We are also exploring other lines of business, such as cooperating with wedding planning companies, schools and universities,&quot; she said. &quot;Couples can write a letter to each other on their wedding day, parents can write a letter to their children on their birthday, and students can write a letter to their teacher at their graduation ceremony.&quot;</p]
Slow delivery goes online </p]
Following Panda Delivery's lead, more and more slow delivery stores have emerged in the virtual world.</p]
&quot;The success of Panda Delivery inspired us to open an online slow delivery store on taobao. com, China's largest Internet retail website,&quot; said Gao Xiang, the owner of Times Slow Delivery.</p]
Gao's store opened on November 10, and has sold around 10 postcards so far. An original post card is sold at 10 yuan, and keeping and forwarding postcards is free.</p]
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Door fqu321 - Maandag 5 december 2011, 07:29

China's PDH fiber optical multiplexer Stocks Rebound on Thursday

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China's Stocks Rebound on ThursdayPublished: 20 Aug 2009 18:22:20 PST<p class="authorInfor"]</p]<P]China's stocks rose 4.52 percent on Thursday's close.</P]<P]The benchmark Shanghai Composite Index rose 4.52 percent, or 126.00 points, to finish at 2,911.58. The Shenzhen Component Index rose 3.91 percent, or 438.43 points, to end at 11,648.35.</P]<P]Combined turnover expanded only slightly to 191.33 billion yuan (28.01 billion U.S. dollars) from 191.07 billion yuan on the previous trading day.</P]<P]<em](Xinhua News Agency August 20, 2009)</em]

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Door fqu321 - Maandag 5 december 2011, 07:30

Sales of dc power supply Chery in February 2009 (by model)

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Sales of Chery in February 2009 (by model) Published: 07 Apr 2009 01:37:50 PST<p class="authorInfor"]</p]Sales of Chery Automobile Co in February 2009 (by model):lithium battery &#28151;&#21512;&#26426; sofa legs &#23454;&#39564;&#23460;&#24037;&#31243; &#23454;&#39564;&#23460;&#23478;&#20855; seo&#12469;&#12540;&#12499;&#12473; &#29694;&#37329;&#21270;


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Door fqu321 - Maandag 5 december 2011, 07:31

Ping An quinceanera Dresses says net profit fell 95.6% in 2008

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Ping An says net profit fell 95.6% in 2008Published: 08 Apr 2009 23:36:47 PST<p class="authorInfor"]</p]<!--begin CK content--]<P]Apr. 9, 2009 (China Knowledge) - Ping An Insurance (Group) Co&lt;601318&gt;&lt;2318&gt;, the second biggest insurance company in China and the world's second largest insurer by market value, recorded a net profit of RMB 662 million in 2008, down 95.6% year on year, according to the financial report it released yesterday.</P]<P]Its earnings per share for last year plummeted 95.7% to RMB 0.09, and the company decided not to pay the final dividend for 2008, said the report.</P]<P]Last year, Ping An realized business revenue of RMB 139.8 billion, down 15.4% from a year earlier.</P]<P]The insurance giant attributed to the sharp profit decline to the RMB 22.79 billion impairment loss on its 5% stake in European financial group Fortis.</P]<P]The report said the company is still in good financial standing since group's overall solvency ratio is above 300%, since the solvency ratio of its life insurance unit is above 180%, and since the capital adequacy ratio of its banking unit is above 10%.<BR]</P]
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Send feedback or comments to: news@chinaknowledge.com

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Noregs B test chamber MANUFACTURER ank raises stake in Hutchison Telecom Int'l

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Noregs Bank raises stake in Hutchison Telecom Int'lPublished: 15 Oct 2009 17:31:04 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comChina's power use up 10.24% in SepBenQ to expand in mainland LCD TV marketVisionChina Media buys DMG for US$160 mlnChina's XAIC to produce Boeing 747 aircraft for Vought AircraftNoregs Bank raises stake in Hutchison Telecom Int'l<P]Oct. 16, 2009 (China Knowledge) - Noregs Bank, the central bank of Norway, on Oct. 9 raised its shareholding in Hutchison Telecommunications International Ltd&lt;2332&gt; to 5% from the previous 4.97%, according to the Stock Exchange's SDI information. </P]<P]The information showed that Noregs Bank on Friday bought 1.63 million shares of Hutchison Telecom HK for HK$2.6 million. The average share price of the transaction was HK$1.59 apiece. </P]<P]Hutchison Telecommunications International is a provider of mobile and fixed-line telecom services. The company does business in Israel, Indonesia, Vietnam, Sri Lanka and Thailand.</P]
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Door fqu321 - Maandag 5 december 2011, 07:32

LDK Sola fan heater r ups Q4 revenue forecast, mulls HK IPO

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LDK Solar ups Q4 revenue forecast, mulls HK IPOPublished: 14 Dec 2009 19:35:42 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Dec. 15, 2009 (China Knowledge) - LDK Solar Co Ltd&lt;LDK&gt;, a manufacturer of multi-crystalline solar wafers, has announced that its revenue for the fourth quarter of this year will reach between US$280 million and US$310 million, higher than the market estimation of US$258.72 million, sources reported. </P]<P]In the period from October to December, the New York-listed firm sees wafer shipments between 320 MW to 340 MW and module shipments between 20 MW and 30 MW. </P]<P]The enterprise's total revenue hit US$281.9 million in the third quarter of this year, and its profits amounted to US$568 million, whereas it suffered RMB 205.5 million in losses in the previous quarter. </P]<P]Last week, an executive of LDK Solar revealed that the company is planning to spin off its poly-silicon business to list on the Hong Kong Stock Exchange.</P]<P]The silicon producer intends to spin off two of the three companies, namely LDK Solar Energy High-tech Co Ltd, LDK Solar Multi-crystalline and LDK Photovoltaic Silicon Co Ltd, in a Hong Kong offering.</P]<P]Reportedly, LDK Solar, which is based in Xinyu, Jiangxi province, has inked a supply deal to deliver 50 MW of solar modules to Belgium-based Enfinity in 2010.</P]
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Door fqu321 - Maandag 5 december 2011, 07:32

Tianneng ballerines noires Power to raise up to HK$280 mln

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Tianneng Power to raise up to HK$280 mlnPublished: 08 Oct 2009 20:19:30 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comFoxconn to produce tablet PCs for Apple: rumorJPMorgan Chase raises stake in China Shanshui CementLi Ka-shing raises stake in Hutchison Telecom to 67.01%Taifook Securities reaps HK$189 mln in 18 monthsCNPC inks RMB 2.08-bln deal with UAE's NDC<P]Oct. 9, 2009 (China Knowledge) - Tianneng Power International Ltd&lt;0819&gt;, which is engaged in producing motive battery products, has announced that it plans to issue up to 80 million shares for HK$280 million at most, sources reported.</P]<P]In the issuance, the firm's major shareholder Prime Leader and some related shareholders will jointly sell 30.8 million shares. Prime Leader's stake will be reduced to 36.85% from the previous 41.42%. </P]<P]The shares will be issued at an average price of HK$3.5 per share, reflecting a discount of 14.84% compared with the closing price of HK$4.11 on Wednesday. Merrill Lynch is responsible for the placement. </P]<P]The Hong Kong-listed company will use HK$273 million of the proceeds from the issuance to replenish working capital, to upgrade equipment and to invest in a lead recycling project. </P]<P]Reportedly, Tianneng Power has signed a letter of intent to purchase a 60% to 70% stake each in Japanese Auto EV and Italian Start Lab, which will be a crucial step towards entering the Asian and European markets. </P]<P]The two overseas firms, which are both engaged in the development of small electric vehicles, currently acquire lithium-ion batteries from BYD Co Ltd&lt;1211&gt; and Thunder Sky Battery Ltd in Shenzhen, Guangdong Province.<BR]</P]
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Door fqu321 - Maandag 5 december 2011, 07:32

Ericsson stainless steel valve wins broadband contracts from Chinese telecom giants

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Ericsson wins broadband contracts from Chinese telecom giantsPublished: 06 Jul 2009 02:11:06 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comChina Mobile's parent may buy into ICBCChina's BYD, Chery Auto may build vehicle plants in BrazilChina plans to list some railway assets in HK: reportPing An Trust, Guangzhou Zhongda set up health clinic JVChina's GDP growth in Q2 likely to exceed 7%<P]Jul. 6, 2009 (China Knowledge) - Ericsson Inc, the world's leading provider of telecom and data communication systems, said on Friday that it had won contracts from three telecom giants in China to provide fixed broadband access networks.</P]<P]Under the contracts, Ericsson will roll out fiber-to-the-home (FTTH) networks for China Mobile Ltd&lt;0941&gt;&lt;CHL&gt;, China Unicom (Hong Kong) Ltd&lt;600050&gt;&lt;0762&gt;&lt;CHU&gt; and China Telecom Corp Ltd&lt;0728&gt;&lt;CHA&gt;, which are upgrading their networks with the latest available technology to provide enhanced services such as high-quality voice, high-speed broadband and high-definition IPTV services to subscribers in several provinces. </P]<P]The upgraded networks will serve Anhui, Guangdong, Hebei, Heilongjiang, Hubei, Liaoning, Shandong, Shanghai and Sichuan Provinces.</P]<P]The company said it will also provide services such as competence development, network design and optimization, support services and consultancy but did not disclose any financial details.</P]<P]Ericsson is the world's leading supplier of Gigabit-capable Passive Optical Network systems. It has been a top contributor to numerous industry standardization organizations. <BR]</P]
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Door fqu321 - Maandag 5 december 2011, 07:33

Hung Hin sacs pas cher g Printing's H1 profit falls on weak overseas demand

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Hung Hing Printing's H1 profit falls on weak overseas demandPublished: 22 Dec 2009 01:33:15 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Dec. 22, 2009 (China Knowledge) - Hung Hing Printing Group Ltd&lt;0450&gt;, a Hong Kong-based printing and carton maker, announced yesterday that its net profit fell 54.5% year on year to HK$100.9 million during the six months ended Sep. 30.</P]<P]Earnings per share were 10.9 Hong Kong cents, down 63% from a year earlier. The company declared an interim dividend of four Hong Kong cents, according to its interim report.</P]<P]Hung Hing Printing's revenue in the period was HK$1.5 billion, down 32% from the same period of last year.</P]<P]Managing Director Matthew Yum Chak-ming attributed the drop in profit to a sharp decline in overseas demand as 70% of the company's business came from exports.</P]<P]The Hong Kong-listed company said it predicted that exports will rebound next year and hopes to maintain a 10% growth in gross profit.<BR]</P]
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Door fqu321 - Maandag 5 december 2011, 07:34

ICBC gra Tailleur jupe nts less RMB loans in Oct

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ICBC grants less RMB loans in OctPublished: 05 Nov 2009 23:26:38 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Nov. 6, 2009 (China Knowledge) - Industrial &amp; Commercial Bank of China&lt;601398&gt;&lt;1398&gt;, the world's largest lender by market value, saw its new RMB loans in October decrease slightly from RMB 34.9 billion in September, sources reported, citing Executive Vice President Niu Ximing as saying.</P]<P]ICBC's new RMB loans amounted to approximately RMB 33 billion last month.</P]<P]The lender's monthly new RMB loans may remain about a similar level in the remaining months of this year, Niu added.</P]<P]ICBC is likely to receive a banking permit from the government of Malaysia during Chinese President Hu Jintao's visit to Kuala Lumpur next week, according to an earlier from China Knowledge.</P]<P]The permit will enable ICBC to open four branches in the country. ICBC will be the first foreign bank to be granted a banking license in Malaysia in nine years. In 2000, Malaysia granted a bank permit to Bank of China Ltd&lt;601988&gt;&lt;3988&gt;. </P]
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Door fqu321 - Maandag 5 december 2011, 07:34

CBRC mul sanitary check valves ls consumer finance firms

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CBRC mulls consumer finance firmsPublished: 24 Dec 2008 01:18:58 PST<p class="authorInfor"]</p]<!--begin CK content--]
Dec. 24, 2008 (China Knowledge) - China Banking Regulatory Commission (CBRC) has submitted the proposal to the relevant authorities of the central government on setting up consumer finance companies in major Chinese cities, like Beijing and Shanghai.</p]
The new consumer finance companies, to be carried out initially in trial schemes, will focus on consumer loans for the purchase of consumer durables as well as expenses on education, tourism and wedding ceremonies.</p]
The move is expected to further help boost the domestic consumption and maintain a stable economic growth of the country. <br /]</p]<br /]Copyright &copy; 2008 www.chinaknowledge.com<br /]<br /]Send feedback or comments to: news@chinaknowledge.com<br /]<br /]For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: <br /]<br /]To access our page on Bloomberg, type CKFI <go]<!--end CK content--]</go]<!-- right Begin --]Related TopicsChina News<br /]<map name="Map" id="Map"]</map]<!-- right end--]&#20083;&#21270;&#26426; &#36890;&#39118;&#26588; Waterproof socks &#24037;&#20316;&#27969; &#29694;&#37329;&#21270; &#21363;&#26085; &#34701;&#36039; &#12459;&#12540;&#12489; &#29694;&#37329;&#21270;


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Door fqu321 - Maandag 5 december 2011, 07:35

Tengzhon toy manufacturer g wants GM's Hummer despite setback

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Tengzhong wants GM's Hummer despite setbackPublished: 08 Sep 2009 18:09:39 PST<p class="authorInfor"]</p]<P]Chinese machinery maker Tengzhong is still working to close a deal with General Motors Co to buy the U.S. automaker's Hummer brand after a regulatory setback, Chinese media reported on Monday.</P]<P]GM is selling its Opel, Saab, Saturn and Hummer brands as well as closing down its 83-year-old Pontiac division as it strips back operations in the face of the sector's worst ever downturn.</P]<P]China's Ministry of Commerce, which must approve the Hummer acquisition, had turned back the application because it was lacking detail, the Legal Evening News reported.</P]<P]"We are still trying hard," an unnamed spokesman for Tengzhong was quoted as saying in response by China News Service.</P]<P]The deal would mark the first major Chinese acquisition of a distressed U.S. auto asset during the current economic downturn.</P]<P]Sichuan Tengzhong Heavy Industrial Machinery, a little-known firm based in land-locked southwest China, raised eyebrows when the deal for the premium off-road Hummer brand came to light three months ago.</P]<P]It was not GM's only surprise move, however, with tiny Swedish supercar maker Koenigsegg now in talks to buy Saab.</P]<P]Swedish State Secretary Joran Hagglund told Reuters on Monday that Koenigsegg had presented a new plan for financing the deal.</P]Full Storyblister packing machinery &#31649;&#29702;&#21672;&#35810; &#24037;&#20316;&#27969; cartoning machine FX &#21021;&#24515;&#32773; &#12463;&#12524;&#12472;&#12483;&#12488;&#12459;&#12540;&#12489; &#29694;&#37329;&#21270; &#29694;&#37329;&#21270;


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Door fqu321 - Maandag 5 december 2011, 07:36

ICBC lau playground toys nches private banking services in Jiangsu

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ICBC launches private banking services in JiangsuPublished: 15 Dec 2009 01:16:51 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Dec. 15, 2009 (China Knowledge) - Industrial and Commercial Bank of China&lt;601398&gt;&lt;1398&gt; has set up a private bank division in Nanjing, Jiangsu Province. </P]<P]The new division, following ICBC's private banking divisions in Beijing, Shanghai, Guangzhou and Shenzhen, is the first one in the affluent coastal province. </P]<P]Launched in March 2008, ICBC private banking services target the high net worth clients with personal financial assets over RMB 8 million. It will offer a wide range of wealth management services, assets management and advisory services to the clients.</P]<P]It is estimated that the Chengdu division will open within a month. ICBC also has plans to expand the private banking services to other provincial capitals, including Taiyuan, Hangzhou, Jinan and Zhengzhou. <BR]</P]
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Door fqu321 - Maandag 5 december 2011, 07:37

Huadian outdoor sculpture Corp to build RMB 40 bln complex in Inner Mongolia

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Huadian Corp to build RMB 40 bln complex in Inner MongoliaPublished: 05 Dec 2008 02:14:20 PST<p class="authorInfor"]</p]<!--begin CK content--]
Dec. 5, 2008 (China Knowledge) - China Huadian Corp, parent of Shanghai and Hong Kong dual-listed Huadian Power International&lt;600027&gt;&lt;1071&gt;, Friday announced it would invest more than RMB 40 billion to build an energy complex in Hulunbeier, northern China's Inner Mongolia Autonomous Region, according to sources.</p]
It was reported that the complex includes a coal exploration component, a large-scale coal-fired power plant and a coal-to-chemical project. However, the company didn't provide any timetable for construction and operations.</p]
Upon completion, the complex is expected to have an annual output value of RMB 20 billion, with profit and tax of RMB 3 billion to RMB 4 billion, Huadian Corp said.</p]
In a bid to lower the dependence on the coal producers, Huadian Corp has formed a unit earlier focusing on the development on its coal sector in China's northwest provinces, including Inner Mongolia, Shaanxi, Xinjiang and Shanxi.</p]
In March, Huadian Corp said it planned to invest RMB 36.7 billion in Shaanxi for four energy projects.</p]<br /]Copyright &copy; 2008 www.chinaknowledge.com<br /]<br /]Send feedback or comments to: news@chinaknowledge.com<br /]<br /]For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: <br /]<br /]To access our page on Bloomberg, type CKFI <go]<!--end CK content--]</go]<!-- right Begin --]Related TopicsChina News<br /]<map name="Map" id="Map"]</map]<!-- right end--]&#28151;&#21512;&#26426; miniature bearings &#36890;&#39118;&#26588; &#20083;&#21270;&#26426; &#12463;&#12524;&#12472;&#12483;&#12488;&#12459;&#12540;&#12489; &#29694;&#37329;&#21270; &#21475;&#12467;&#12511; tera rmt &#21512;&#27861;&#12495;&#12540;&#12502;


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Door fqu321 - Maandag 5 december 2011, 07:37

CNPC off residual current device ers US$14 bln for Repsol YPF's Argentine unit

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CNPC offers US$14 bln for Repsol YPF's Argentine unitPublished: 25 Nov 2009 23:23:33 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Nov. 26, 2009 (China Knowledge) - China National Petroleum Corp, the parent of PetroChina Co Ltd&lt;601857&gt;&lt;0857&gt;&lt;PTR&gt;, plans to offer US$14 billion to take over an Argentine unit of Spanish oil company Repsol YPF, source reported.</P]<P]However, Repsol's preference is to list around 24% of the assets of the Argentine unit prior to March, instead of accepting CNPC's offer, according to the report. </P]<P]Respol has shelved the planned listing several times due to poor market conditions. </P]<P]In August, media reported that China National Offshore Oil Corp and CNPC had decided to jointly bid for a 100% stake in the Argentine unit for US$17 billion.</P]<P]In 2007, CNPC initiated plans to acquire Repsol's Latin American assets, but withdrew over concerns about the potential nationalization of the oil assets, according to earlier report from China Knowledge. </P]<P]Repsol, which has major assets in Spain and Argentina, reaped operating revenue of EUR 60.09 billion and had net debt of EUR 3.33 billion in 2008.<BR]</P]
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