China News Direct

 
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Sino Land uses Chongqing land for residential purpose
(Jul 31, 2007) Sino Land Company Limited, Chinese Estates Holdings Limited and C C Land Holdings Limited secured a piece of land in Chongqing Municipality for RMB4.18 billion. The piece of land in Jiangbei district is in proximity to Chongqing's second largest business zone. At an area of 205,000 square meters, the land ...
Price: USD $17.50
 
   
ICBC to trial run private banking in Beijing
(Jul 31, 2007) Industrial and Commercial Bank of China (ICBC) is said to be building its own private banking division. It will trial run the operation in Beijing. China Securities Journal reports that ICBC is in the process of establishing its own private banking division without the intention of bringing in foreign partners. ...
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China Merchants Bank takes a 40% card market share
(Jul 31, 2007) China Merchants Bank Co., Ltd. has reported a break-through in credit card business, showing a double-digit growth in card issuance and card spending. China Merchants Bank has issued a total of 15 million credit cards as of 26 July 2007. Its credit card issuance has shown an over 30% growth ...
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Vietnam sees more foreign investment after reform
(Jul 31, 2007) After a series of reform, Vietnam has become one of the fastest growing emerging markets in Asia, attracting over billions of foreign investment. In the first seven months of 2007, Vietnam signed up foreign direct investment of US$2.68 billion. Vietnam approved the formation of 717 new projects, involving capital of ...
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Bohai Bank extend coverage to Beijing
(Jul 31, 2007) Bohai Bank is planning to open its fourth bank branch in Beijing, further confirming its strategy of covering the national banking market in China. Bohai Bank has set a strategy of developing into a national shareholding bank. It particularly favours the Beijing-Tianjin-Bohai region which is the third major economic zone ...
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HSBC continues to expand Hong Kong and China markets
(Jul 31, 2007) HSBC announced a 52.9% growth in profit before tax to HK$39 billion for the six months ended June 2007. The profit growth was the best one seen in the last ten years, supporting mainly by strong business in Hong Kong and China. In the first half of 2007, HSBC had ...
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Hang Seng Bank interim profit up 43% on high fee income
(Jul 31, 2007) Hang Seng Bank announced a better than forecast interim result for the six months ended 30 June 2007. The stellar growth was supported by a booming investment market, high fee income and commission income. With stellar growth in the first half of 2007, Hang Seng Bank holds an optimistic view ...
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Property enterprises get capital through listing and share-issuing
(Jul 30, 2007) Recently, the People's Bank of China has raised the interest rate and required the reserve ratio, leading to less capital flow in the financial market. To solve the problem, some Guangdong property enterprises plan to get initial public offering by listing in Hong Kong H share market while some increase ...
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Banks should assist SMEs to narrow the income gap
(Jul 30, 2007) According to the forecast of China Center for Economic Research (CCER) at the Peking University, growth of GDP and CPI in China in the third quarter of 2007 will exceed that of the first two quarters to 11.8% and 4.5% respectively. In addition, CCER urges banks to give more supports ...
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Guangzhou to promote integrity among accountants
(Jul 30, 2007) The Guangzhou Institute of Certified Public Accountants will soon implement a comprehensive integrity system for accountants in the municipality. The new system will regulate ethics of "independence, objectivity and impartiality" of the accounting profession in all accounting firms and personnel and build up a good professional image and reputation. Jiang ...
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