China Economic ReviewChina Banking Regulatory Commission chairman Liu Mingkang said the Bank of China and China Construction Bank, both the subject of ongoing corruption investigations, had to produce solid results in their bids to sell stakes to foreign investors prior to their IPOs. Liu said said the CBRC would be watching restructuring activities closely, adding that China's […]
Sixty-nine coal miners were reported trapped Sunday in a flooded mine in Northeast China's Jilin province. Officials said the flood was triggered by rainfall set off by cloud seeding. Days earlier, in Yuzhou, in Henan province, an illegally operated coal mine claimed eight lives in another accident. That left four miners missing, for a possible […]
Citing cost reasons, European appliance and electronics distribution giant Kesa Electricals, which opened new offices in Hong Kong and Shenzhen last week, said it would treble sourcing activities on the mainland within three years.
Xi Guohua, vice-minister of information industry, said the government was still undecided on the question of when to issue 3G high-speed mobile service licenses. The National Business Daily last month reported that the government might issue licenses for RMB20 bn each to China Mobile, China Netcom and China Telecom.
Some 27,000 jurors will officially report for duty May 1 as China launches its new jury trial system. Unlike in the West, where juries are selected on a trial by trial basis, China's jurors will sit for five-year terms — in panels of three — to work with judges weighing both criminal and civil cases.