Hongdu Aviation Industry Group from southern China’s Jiangxi province plans to build a US$527.28 million (RMB3.6 billion) aviation base in the provincial capital Nanchang by 2010, Xinhua reported. Hongdu Aviation is hoping China Commercial Aircraft Co will use the 25-square-kilometer base to meet up to 20% of all orders for its planned jumbo jet, which...

The Shanghai United Assets and Equity Exchange supervised US$18.59 million (RMB127 million) worth of finance-related transactions last week (August 18-24), China Business News reported. A 30% stake in a local fund management firm held by a Shanghai-based state-owned company was hotly contested with the winning bid of US$15.76 million (RMB107.7 million) from ...