AviChina Industry & Technology, China’s fourth largest carmaker by output and its only
mass volume helicopter producer, hopes to raise up to US$227m from a Hong Kong listing,
reported South China Morning Post.
ING Group wants to open branches in Beijing, Nanjing and Suzhou as soon as it can
secure regulatory approval, reported South China Morning Post. The Dutch-based company
already has licences to operate two life insurance joint ventures in China.
Mainland banks have played down their concern over a recent decision to allow car firms
offer financing to new buyers, saying they were happy to reduce their exposure to the sector
and stick to ‘safer’ property mortgages instead.
China Telecom, the Hong Kong-listed unit of China’s largest fixed-line operator, said it
would pay Yn46bn to buy six provincial networks from its state-owned parent company. The
networks are located in Anhui, Fujian, Jiangxi, Sichuan, Guangxi and Chongqing.
The International Finance Corp, the private sector arm of the World Bank, has been
granted approval to acquire a 1.6 per cent stake in the privately owned Minsheng Bank.