The private sector in Jiangsu and Zhejiang provinces is taking on the big state-owned shipbuilding giants in Shanghai. The China Securities Journal takes a look at the main players

The central government plans to speed up the consolidation of state-owned enterprises (SOEs) following the Olympics to meet its goal of forming 80-100 super industry players within 15 months, China Business News reported, citing an article in Qiushi magazine by Li Rongrong, director of the State-owned Assets Administration and Supervision Commission. Li wrot...

Tianjin Good Hand Railway Holding (TGHRH) (000594.SZ) said it signed an agreement Monday to sell its Shenzhen branch to Senbang Pharmaceuticals for US$12.54 million (RMB85.9 million), the Shanghai Securities News reported. It tried to sell the branch to Shaanxi Zhongtou Assets Management Co in July, but the deal was rejected by a snap board meeting on August...

China Railway Construction Corp (CRCC) (601186.SH, 1186 HK) said Tuesday its first-half net profit was up 22% year-on-year to US$222.69 million (RMB1.525 billion) on US$12.01 billion (RMB82.236 billion) in revenue, up 12% year-on-year, the Shanghai Securities News reported. Revenues from domestic business grew 7.57% to US$11.17 billion (RMB76.501 billion) ov...

China has overtaken the US as Japan’s largest export destination after it imported US$11.72 billion worth of goods in July, up 16.8% year-on-year, the Securities Times reported, citing official Japanese figures. It was the 38th straight month in which imports from Japan increased. Japan’s exports to the US declined for the 11th straight month in ...

Chinese electronic and telecoms manufacturer Konka Group (000016.SZ) said over the weekend that its first-half net profit surged 89.66% year-on-year to US$11.79 million (RMB80.555 million) while revenues grew just 0.1% to US$822.59 million (RMB5.621 billion), China Business News reported. Revenue fell 0.45% at its TV division to US$592.68 million (RMB4.05 bi...

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 ...

Northern China’s Shanxi province has launched two new wind power projects designed to produce 134 million eco-friendly kilowatt hours of electricity a year, saving 40,800 tons of standard coal, 493 tons of dust, 87,000 tons of carbon dioxide, 390 tons of sulfur dioxide and 1,640 tons of nitrogen oxide, China Business News reported. The wind generators,...

China’s banking sector will grow steadily for the rest of the year despite slowing revenues from interest and a volatile mortgage sector, the Shanghai Securities News reported, citing a consensus of experts and analysts. “The Chinese commercial banks rely heavily on loans so they have a stable income and are not susceptible to the global credit c...

As the RMB continues to rise along with wages and the cost of raw materials, All Roads Lead to China takes a look at the never ending question "Is China no longer competitive?". The answer to the above question would certainly be yes for many SME's in Hangzhou and, as a result, they've persuaded the Hangzhou government to provide assista...