China Economic ReviewAustralia and New Zealand Banking Group (ANZ) said it is considering taking a up to a 19.9% stake in the Shanghai Rural Credit Co-operatives Union, once the organization completes its restructuring as a commercial bank as planned next year. ANZ has worked with the group in developing its credit card business and in other areas […]
Scuffles erupted outside a concert held in Wuhan by Hong Kong Canto-pop heartthrob Andy Lau, a Hong Kong newspaper reported. The concert venue was said to be packed with fans when security officials shut the doors, leaving some 50,000 others stuck outside hoping to get in. Fistfights broke out, and one door was smashed in […]
China and the Association of Southeast Asian Nations (ASEAN) agreed to remove all tariffs on merchandise goods by the end of the decade. The deal is part of a wider free trade agreement scheduled to be signed at a China-ASEAN leaders' summit in November. The two sides will begin to implement tariff cuts next year, […]
China Netcom Group Corp (Hong Kong), the listing arm of China's second-biggest fixed-line phone company, valued its initial public offering at up to US$1.2 billion. The valuation makes the share offering China's third largest to date in 2004. The company said funds raised will be used to expand the company's networks and repay debt. China […]
Natural gas distributor Xinao Gas Holdings announced plans for a convertible bond issue, raising up to US$70.6 million to fund construction of natural gas filling stations. The company will focus on building business in Shandong and Jiangsu provinces, capitalizing on the rise in petrol prices and the country's tighter environmental rules, finance director Yu Jianchao […]