BFCEC, a Beijing-based engine producer in which Beiqi Foton Motor Co (600166.SH) holds a 50% stake, has been granted a US$176.18 million (RMB1.2 billion) loan package by China Construction Bank and Minsheng Bank, the Securities Times reported. The loan will be used to fund China’s largest light diesel engine plant. A 50:50 joint venture between Beiqi F...

Real estate developer Citychamp Dartong Co (600067.SH) said Tuesday it will the 49% stake in Beijing Citychamp Xintai Real Estate Development Co held by Beijing Gengshi Real Estate Development Co for US$23.46 million (RMB160 million), the Securities Times reported. The deal will give Citychamp Dartong full control of its subsidiary Beijing Citychamp and add ...

Shanghai has won approval for a new US$2.92 billion (RMB20 billion) private equity fund targeted at the city’s financial sector. Shanghai Securities News looks at the key players and what the fund means for the city’s financial sector.

IDC ranked Dalian as the fifth best city in the Asia Pacific region for offshore software delivery. China Business News looks at the city’s plans to become the world’s number one