Industrial & Commercial Bank of China (SHA: 601398, HKG: 1398), the world's largest lender by market value, has been approved to issue ¥22 billion ($1 = ¥6.8) worth of subordinated bonds to increase its capital adequacy ratio which currently stands at 11.3%.

Source: http://finance.sina.com.cn/roll/20100908/11118622960.shtml

 

JPMorgan Chase has increased its holdings in Agricultural Bank of China Co (SHA: 601288, HKG: 1288) to 5.12% from 4.97% after buying nearly 47 million shares at HK$3.54 apiece.

Source: http://www.yicai.com/news/2010/09/405911.html

 

Agile Property Holdings Ltd (HKG: 3383) sold 198,000m2 in floor space fetching ¥2 billion in August, bringing the figures for the first 8 months to 1.4 million m2 and ¥14.1 billion, up 2% and 33% respectively from the same period a year ago.

Source: http://www.yicai.com/news/2010/09/405696.html

 

SAIC Motor Corp Ltd (SHA: 600104), China's biggest automaker, sold 286,800 vehicles and produced 273,400 vehicles in August, up 22.3% and 17.8% respectively from a year ago. Its sales and production both exceeded 2.3 million units in the first 8 months, up nearly 40% from a year ago.

Source: http://www.yicai.com/news/2010/09/405519.html

 

China Merchants Securities Co (SHA: 600999) netted ¥230 million from ¥473 million in revenue in August, down 2.3% and 7.3% respectively from in July due to the bearish stock market. It posted ¥3.4 billion in revenue and ¥1.7 billion in net profit for the first 8 months of 2010.

Source: http://www.yicai.com/news/2010/09/405514.html

 

China Petroleum & Chemical Corporation (NYSE: SNP, SHA: 600028, HKG: 0386), Asia's largest oil refiner, will issue ¥10 billion worth of 365-day maturity financing bonds in the interbank bond market on September 13 to repay bank loans.

Source: http://www.caijing.com.cn/2010-09-08/110515955.html

 

Gome Electrical Appliances Holding Ltd (HKG: 0493), China's second biggest white goods and electronics retailer, has placed ¥30 billion worth of orders with hundreds of manufacturers including Haier (SHA: 600690), LG, Sharp, Samsung, Sony, Lenovo and Hisense to boost its stock for the upcoming shopping spree during the National Day holidays in early October.

Source: http://www.linkshop.com.cn/web/archives/2010/142274.shtml

You are currently reading words of total words in this article.
To continue reading this article, you must be a subscriber. Log in now..

Finish this article for free.
C-M-O-D-O AUTHENTIC SITE PayPal
@2014 China Economy @ China Perspective.
All Right Reserved.
Server SSL Certificate