Citic @ The China Perspective

CITIC Securities to buy a fund-management unit

September 07,2006

By AMY CHEUNG

CITIC said it plans to buy out CITIC fund management, as part of the efforts to increase competitiveness and business expansion, The Standard reported.

Huafeng Textile raises 250 million

September 01,2006

By AMY CHEUNG

Huafeng Textile International, a pioneer and leading fabric processor in the Province of Fujian City, PRC, announced today that it has secured 250 million HK dollars (31.25 million US dollars) in a round of funding, said the company in a statement.

China Life and Ping An seek A-share listings in China

August 28,2006

By AMY CHEUNG

China Life Insurance Co Ltd and Ping An Insurance (Group) Co are both seeking listings in the domestic A-shares market, Forbes reported, citing the Economic Observer.

China Southern Airlines reports huge loss

August 18,2006

By AMY CHEUNG

China Southern Airlines Co Ltd yesterday reported a net loss of 825 million yuan in the first half due to soaring fuel prices and rapid expansion, People’s Daily reported.

China CITIC Bank qualified to be listed

August 09,2006

By AMY CHEUNG

A recently-releaed half-year financial summary of China CITIC Bank showed that the bank's asset quality has improved substantially and it has become qualified to be listed in the A stock market of China, People’s Daily reported.

CITIC to sell 5 percent stake to Barclays

July 28,2006

By AMY CHEUNG

China Citic Bank, the country's seventh-largest lender by assets, plans to sell a five percent stake to the UK bank Barclays, ahead of a two billion US dollars initial public offering in Hong Kong, the South China Morning Post reported, citing sources.

China to approve 10 billion QDII quotas

July 28,2006

By AMY CHEUNG

China is expected to approve quotas of nearly 10 bln usd for the Qualified Domestic Institutional Investor (QDII) scheme by the end of the year, Forbes reported, citing the China Securities Journal reported.

Sinopec secures green light for project with Kuwait Petroleum

July 25,2006

By AMY CHEUNG

China has approved plans by China Petroleum & Chemical Corp (Sinopec) and Kuwait Petroleum Corp for a 5 billionl US dollars joint venture refinery project in Guangdong Province, the Shanghai Daily reported.

President of China Construction Bank resigned

July 24,2006

By AMY CHEUNG

The president of China Construction Bank Corp., Chang Zhenming, will move to China's state-owned Citic Group, China Daily reported, citing the bank’s statement.

China to let brokers invest aboard

July 24,2006

By AMY CHEUNG

China Securities Regulatory Commission (CSRC), said it plans to allow securities firms to invest client's funds in overseas markets, The Standard reported.

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Established in 1979 with focus on finance, industrial production and other services, CITIC Group has grown to be a multinational corporation with 44 subsidiary banks in Hong Kong, North America and Australia. It has controlling shares in CITIC Securities, the largest publicly traded securities broker in the Mainland. It reported an 800 per cent jump in net profit in the first half of 2006. The Group also fully owns many Mainland industry giants include CITIC Bank, CITIC Construction and CITIC Resources Holdings. By the end of 2004, the Group has total assets stood at RMB 701.411 billion with an after-tax profit of RMB 1.782 billion.

Today’s Daily Briefs E-Mail

	CITIC Securities to buy a fund-management unit September 07,2006 By AMY CHEUNG CITIC said it plans to buy out CITIC fund management, as part of the efforts to increase competitiveness and business expansion, The Standard reported. Huafeng Textile raises 250 million September 01,2006 By AMY CHEUNG Huafeng Textile International, a pioneer and leading fabric processor in the Province of Fujian City, PRC, announced today that it has secured 250 million HK dollars (31.25 million US dollars) in a round of funding, said the company in a statement. China Life and Ping An seek A-share listings in China August 28,2006 By AMY CHEUNG China Life Insurance Co Ltd and Ping An Insurance (Group) Co are both seeking listings in the domestic A-shares market, Forbes reported, citing the Economic Observer. China Southern Airlines reports huge loss August 18,2006 By AMY CHEUNG China Southern Airlines Co Ltd yesterday reported a net loss of 825 million yuan in the first half due to soaring fuel prices and rapid expansion, People’s Daily reported. China CITIC Bank qualified to be listed August 09,2006 By AMY CHEUNG A recently-releaed half-year financial summary of China CITIC Bank showed that the bank's asset quality has improved substantially and it has become qualified to be listed in the A stock market of China, People’s Daily reported. CITIC to sell 5 percent stake to Barclays July 28,2006 By AMY CHEUNG China Citic Bank, the country's seventh-largest lender by assets, plans to sell a five percent stake to the UK bank Barclays, ahead of a two billion US dollars initial public offering in Hong Kong, the South China Morning Post reported, citing sources. China to approve 10 billion QDII quotas July 28,2006 By AMY CHEUNG China is expected to approve quotas of nearly 10 bln usd for the Qualified Domestic Institutional Investor (QDII) scheme by the end of the year, Forbes reported, citing the China Securities Journal reported. Sinopec secures green light for project with Kuwait Petroleum July 25,2006 By AMY CHEUNG China has approved plans by China Petroleum & Chemical Corp (Sinopec) and Kuwait Petroleum Corp for a 5 billionl US dollars joint venture refinery project in Guangdong Province, the Shanghai Daily reported. President of China Construction Bank resigned July 24,2006 By AMY CHEUNG The president of China Construction Bank Corp., Chang Zhenming, will move to China's state-owned Citic Group, China Daily reported, citing the bank’s statement. China to let brokers invest aboard July 24,2006 By AMY CHEUNG China Securities Regulatory Commission (CSRC), said it plans to allow securities firms to invest client's funds in overseas markets, The Standard reported. Prev 3 4 5 6 7 8 9	Established in 1979 with focus on finance, industrial production and other services, CITIC Group has grown to be a multinational corporation with 44 subsidiary banks in Hong Kong, North America and Australia. It has controlling shares in CITIC Securities, the largest publicly traded securities broker in the Mainland. It reported an 800 per cent jump in net profit in the first half of 2006. The Group also fully owns many Mainland industry giants include CITIC Bank, CITIC Construction and CITIC Resources Holdings. By the end of 2004, the Group has total assets stood at RMB 701.411 billion with an after-tax profit of RMB 1.782 billion. Today’s Daily Briefs E-Mail Sign up for a roundup of the day’s top stories, sent every day. MOST POPULAR China’s animation industry triples value 4 Chinese steel mills to cut production by 20% Evergrande Real Estate holiday revenue hits US$699m Futures trading sluggish in September Rocket Capital, Red McCombs to buy Brilliance Auto stake China to see deflation in mid 2009: experts China’s coal exports cooled since June China’s pension fund to invest more aggressively Nantong emerging as China’s key shipbuilding hub Jiangsu service outsourcing tops $1b Go to Complete List >

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