Demand for housing in China will withstand government bank lending curbs, and further declines in the nation's property stocks may be an opportunity to buy the shares, Templeton Asset Management Ltd's Mark Mobius said.
China Asset Management Co (AMC), the nation's biggest mutual fund company, bought developers in its flagship fund in the first quarter, predicting "gentle" tightening this year, according to the company's website.
James Sun believes that most businesses don't even know they are at war. The 33-year-old TV host, investor, dispensing advice on fixing businesses.
Deutsche Bank AG's top Asian executive Lee Zhang is expected to join the Industrial and Commercial Bank of China (ICBC) as vice-president, sources familiar with the matter said on Thursday.
Wang Yi, former vice-president of the China Development Bank (CDB), one of the country's three State-backed policy lenders, was sentenced to death with a two-year reprieve on Thursday for accepting nearly 12 million yuan ($1.8 million) in bribes.
As Geely Automobile Holdings Ltd posted a satisfying annual report, Li Shufu, who is the chairman of its parent company and holds 50.4 percent shares of the Hong Kong listed company, witnessed his personal wealth surpassing 10 billion yuan, China Business News reported Tuesday.
Wuliangye Yibin Co, one of China's top liquor producers, revealed in its annual report that the yearly salary of its chairman, Tang Qiao, is 92,500 yuan in 2009 while Yuan Renguo, the chairman of top liquor producer Kweichow Moutai Co, earns more than 2 million yuan last year, Securities Daily reported Tuesday.
China's four largest publicly traded banks need 480 billion yuan ($70 billion) of capital to comply with regulatory requirements for financial strength, according to Industrial & Commercial Bank of China Ltd. New lending slows on government curbs
The No 2 executive of Bank of Communications is moving to a top job at Central Huijin, the domestic arm of China's sovereign wealth fund, five sources close to the situation told Reuters on Thursday.
Dr Fred Hu was Chairman of Greater China at Goldman Sachs. Before joining Goldman Sachs in 1997, Dr Hu was a staff member at the International Monetary Fund (IMF) in Washington DC, where he was engaged in macroeconomic research and policy consultations for a number of member country governments including China.
Wang Jiangmin, an anti-virus software guru at Zhongguancun in Beijing, China's "Silicon Valley", died of a heart attack at age 59 last Saturday, leaving behind both sorrow and speculation in his industry.
Zhang Li, an official in Central China's Hunan province, was forced to declare his assets, including five apartments, on Tuesday to prove his innocence after an alleged "impostor" posted the information, though "inaccurate", online.
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