China Economic ReviewChina's biggest lender, the Industrial and Commercial Bank of China, may sign an MOU to sell a stake to a consortium that includes Goldman Sachs and Allianz for at least US$2 billion, according to the South China Morning Post, citing unnamed sources. The size of the stake was unclear, although ICBC chairman Jiang Jianqing has […]
China's mutual fund industry lost $741 million in the first half of the year due to poor stock market performance, the IHT reported, citing figures in the China Securities Journal on Monday. China's 181 mutual funds managed by 42 fund firms lost nearly US$740 million in the first six months of 2005. Beijing's program to […]
Chinese health officials are expected to announce an AIDS cooperation partnership with the University of Maryland's Institute of Human Virology, which was founded by one of the co-discoverers of the virus, as China aims to battle what it fears will be a ten-fold surge in HIV infection in China over the next five years, The […]
As 80 million pieces of Chinese garments that exceeded the limits of the June textile quota agreement piled up in European ports, talks between China and the EU came to an impasse after EU negotiators tried to get Beijing to modify an agreement made in June, the Wall Street Journal reported. As a condition for […]
Chief marketing officer of Microsoft China, Martin Wu, has been tapped to become the CEO of eBay's Eachnet, as the US-based online auctioneer gears up for a tough fight with Taobao, the auction site owned by Alibaba. This comes as Microsoft loses another top manager following the departure of former Microsoft executive Li Kaifu for […]