SAIC Motor plans to shift stake to parent

SAIC Motor Corp, China's largest carmaker, plans to transfer its holdings in a listed unit, Shanghai Automotive Co, to its State-run parent.

Shanghai ready for zinc trading

Shanghai Futures Exchange will start zinc trading late this month to provide more hedging and arbitrage tools to domestic industries.

Hongyuan Securities Co has won a regulatory nod to manage retail investors' assets and trade up-coming financial derivatives.

Oaktree Capital Management LLC, a leading investment management firm, opened its first mainland office in Beijing yesterday.

The ongoing reform of the China Development Bank (CDB) will not affect its bond rating, as government policies will not change.

Inner Mongolia Mengniu Dairy Industry (Group) Co Ltd said yesterday it had been named official sponsor of the Boao Forum for Asia.

New China Life Insurance, the country's fourth-largest life insurer, postponed its $1 billion initial public offering until at least 2009.

A group of investors led by Deutsche Bank AG has offered 4 billion yuan for a 40 percent stake in Sanjiu Enterprise Group.

The move to stamp out the practice of siphoning off bank loans for stock market speculation is set to have a positive impact in the long run.

Haier Group will continue to implement its "global strategy" to capture a bigger share in the overseas home appliance market.

Restaurant chain operator Ajisen (China) Holdings plans to raise up to US$210 million in a Hong Kong initial public offering this month.

China has reportedly rejected the proposed purchase of Laiwu Steel Corp by international steel giant Arcelor Mittal.