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HSBC plans 3 new funds on mainland (Jun 12)
Europe’s biggest bank HSBC Holdings Plc<5><HBC> is expecting to receive regulatory approval for its fourth fund operating in mainland China soon. The bank aims to start three new funds in the country next year,


BOA to cut stake in China Construction Bank (Jun 12)
Bank of America (BOA), the largest U.S. bank in terms of market value, said it would cut its holdings in China Construction Bank (CCB)<601939><939>, one of China’s Big Four state-owned commercial banks


More foreign capital to invest in China’s tourism industry (Jun 12)
During the 2007 China Tourism Investment Fair held in Ningbo, Zhejiang Province, foreign investors expressed strong interest in China’s tourism industry. According to statistics, China's tourism industry attracts RMB


Guangzhou Auto, Hino set up JV in China (Jun 12)
Guangzhou Automobile Group Co., Ltd and Hino Motors, Ltd (Hino) have set up a new joint venture after receiving the formal approval of the Chinese government, Hino said in a press release today.The new


Tianjin FAW Toyota approved to launch SUV manufacturing project (Jun 12)
National Development and Reform Commission (NDRC) announced it has approved Tianjin FAW Toyota Motor (FTM)’s sports utility vehicle (SUV) project, with an annual production of 42,000 units, market sources


China to launch second board market in H1 2008 (Jun 12)
China may launch a second board market targeting innovative companies and firms featuring self-innovation, agricultural industrialization and regional features, reported China Securities Journal on Monday by


Bangkok Bank to delay stake sale to ICBC (Jun 12)
Bangkok Bank, Thailand’s largest bank, announced yesterday that it would postpone selling 19.3% stake in ACL Bank to the Industrial and Commercial Bank of China (ICBC)<601398><1398>, which was


Ka Wang Holdings' audits to be completed by year end (Jun 12)
Ka Wang Holdings, Inc, parent company of Ka Wang Department Stores In Southern China, announced the company has moved into a new corporate headquarter and underlined that its financial audits will be


Lotte acquires discount store in China (Jun 12)
Lotte Shopping Co has acquired 49% stakes of CTA Makro for RMB 640 million and gain the operation right, said the South Korea’s largest retailer in a statement on Monday.Yang Xiaohong, deputy general manager of


China to expand tanker fleets for imported (Jun 12)
China's oil tanker fleets will undertake half of the imported oil transportation in the country by 2010, market sources reported. Most of the Chinese major shipping companies have made plans to at least double