China Economic ReviewA new nuclear plant is under construction in Taizhou City, Zhejiang province. The plant will be larger than Zhejiang's existing Qinshan nuclear power plant, which is nearing completion of its second and third phases. The Qinshan plant will have a total installed capacity of three million kilowatts once the upgrade is completed.
China Merchants Bank, the biggest publicly traded mainland lender, won approval from shareholders Wednesday for a record RMB 10 billion convertible bond sale, overriding the opposition of minority investors. Majority shareholders controlling 73 percent of the bank supported the sale, which the company said it needs to strengthen its capital base. The shareholders, mainly government-owned […]
China Yangtze Power, operator of the Three Gorges project, announced it would definitely list on the Shanghai stock exchange before the end of the year. The initial public offering (IPO) is expected to raise about RMB 10 billion and would be the largest offering on the mainland in 2003. The original plan to list in […]
Shanghai Automotive Industry, China's second-largest carmaker, said yesterday that sales in the first nine months jumped 41.7 percent. The firm sold 419,000 cars from January to September.
China's "big four" state-owned banks are seeking approval to trade gold on the Shanghai Gold Exchange on behalf of individual investors. At present only domestic banks and producers are permitted to trade gold on the exchange but the World Gold Council is helping the banks prepare to expand the scope of gold trading, according to […]