Banking/Financial Service

Xinhua Finance/MNI China Business Survey: Sentiment Bullish

SHANGHAI, China, Dec. 29 /Xinhua-PRNewswire/ -- Xinhua Finance (TSE Mothers: 9399) and Market News International (MNI), a part of the news service line of Xinhua Finance, today announced the December Xinhua Finance/MNI China business sentiment survey. The results of the survey suggest operatin...

2006-12-29 00:00 919

Chinae Equity Registration and Depository System Passes Acceptance Testing

Chinae Equity Registration and Depository System Passes Acceptance Testing SHENZHEN, China, Dec. 28 /Xinhua-PRNewswire/ -- The Intermost Corporation (OTC Bulletin Board: IMOT), a leading online electronic equity exchange service provider in China, announced that the Equity Registration and ...

2006-12-28 00:38 1122

Qiao Xing Universal Telephone, Inc. Releases Its Income Statement for the Three Months Ended September 30, Balance Sheet as at June 30, 2006 and Income Statement for the Six Months Ended June 30, 2006, and Provides an Update on an Acquisition

HUIZHOU, Guangdong, China, Dec. 22 /Xinhua-PRNewswire/ -- Qiao Xing Universal Telephone, Inc. (Nasdaq: XING) releases today its Un-audited Income Statement for the Three Months Ended September 30, Un-audited Balance Sheet as at June 30, 2006 and Income Statement for the Six Months Ended J...

2006-12-22 22:00 1044

Xinhua Far East Downgrades the Issuer Rating of Inner Mongolia Eerduosi Cashmere Products Co Ltd to BB+

HONG KONG, Dec. 21 /Xinhua-PRNewswire/ -- Xinhua Far East China Ratings ("Xinhua Far East") today concluded its review on Inner Mongolia Eerduosi Cashmere Products Co Ltd ("Erdos" or "the Company", SH A 600295; SH B 900936) by downgrading its issuer credit rating to BB+ from BBB-. Its rati...

2006-12-21 19:07 1025

Further Expansion of China Equity Exchange Platform

SHENZHEN, China, Dec. 21 /Xinhua-PRNewswire/ -- Intermost Corporation (OTC Bulletin Board: IMOT), a leading online electronic equity exchange service provider in China, is pleased to have achieved a growing market share of the China Equity Exchange Platform ( http://www.chinae.com ). ...

2006-12-21 21:03 940

Xinhua Far East Downgrades the Issuer Rating of Inner Mongolia Eerduosi Cashmere Products Co Ltd to BB+

HONG KONG, Dec. 21 /Xinhua-PRNewswire/ -– Xinhua Far East China Ratings ("Xinhua Far East") today concluded its review on Inner Mongolia Eerduosi Cashmere Products Co Ltd ("Erdos" or "the Company", SH A 600295; SH B 900936) by downgrading its issuer credit rating to BB+ from BBB-. Its r...

2006-12-21 17:31 1185

ING Real Estate's China Opportunity Fund Raises US$350 Million

HONG KONG and SHANGHAI, China, Dec. 20 /Xinhua-PRNewswire/ -- ING Real Estate today announced that the ING Real Estate China Opportunity Fund L.P. ("Fund" or "COF") has raised a total of US$350 million from leading international institutional investors from Asia, Australia, Europe, Middle ...

2006-12-20 12:14 893

Atticus Capital Voices Support for Euronext; Will Vote in Favor of Merger with NYSE Group

NEW YORK, Dec. 19 /Xinhua-PRNewswire/ -- Atticus Capital LP, the largest shareholder of Euronext, today announced that it intends to fully support Euronext’s imminent merger with the NYSE Group. Timothy Barakett, Chairman and CEO of Atticus, commented, "We believe that NYSE Euronext will b...

2006-12-19 14:46 985

EQT Greater China II Closes on USD 545 Million

HONG KONG, Dec. 15 /Xinhua-PRNewswire/ -- EQT, a leading private equity group with operations in Greater China and Northern Europe, is pleased to announce that it has received commitments of USD 545 million for the EQT Greater China II fund ("EQT Greater China II" or the "Fund"), a fund ...

2006-12-15 09:00 1108

Reuters Launches New Pension Index to Reflect Investors' Demand in China

SHANGHAI, China, Dec. 18 /Xinhua-PRNewswire/ -- Reuters (LSE: RTR, Nasdaq: RTRSY) today launches a second benchmark index, the Reuter China Pension Index 2 (RCPI-2), in response to investor demand and China's capital liberalisation programme. Under this programme China is taking steps to ...

2006-12-18 17:46 976

China BAK Schedules Conference Call to Discuss Fourth Quarter FY 2006 Results

SHENZHEN, China, Dec. 7 /Xinhua-PRNewswire/ -- China BAK Battery Inc. (Nasdaq: CBAK), one of the largest lithium-ion battery cell manufacturers in China and in the world, will host a conference call at 8:00 am ET on Monday, December 11, 2006, to discuss results for the fourth quarter and fisc...

2006-12-07 22:30 1006

PacificNet, Inc. to Hold Annual Stockholders Meeting on December 15, 2006

BEIJING, Dec. 8 /Xinhua-PRNewswire/ -- PacificNet, Inc. (Nasdaq: PACT), a leading provider of Customer Relationship Management (CRM), mobile internet, e-commerce and gaming technology in China, today announced that it will hold its annual stockholders meeting at 1:00 pm (Beijing time) in Beij...

2006-12-08 10:51 1226

NASA Images Suggest Water Still Flows in Brief Spurts on Mars

WASHINGTON, Dec. 6 /Xinhua-PRNewswire/ -- NASA photographs have revealed bright new deposits seen in two gullies on Mars that suggest water carried sediment through them sometime during the past seven years. (Photo:http://www.prnasia.com/sa/200612071022.gif ) "These observations ...

2006-12-05 14:51 1223

Thailand Market Leader Kasikornbank Launches Strategic Credit Card Merchant Promotion Program

SINGAPORE and AIX-EN-PROVENCE, France, Dec. 6 /Xinhua-PRNewswire/ -- Kasikornbank, Thailand’s third largest commercial bank, today announced the launch of a new strategic credit card merchant promotion program, empowered by payment technology from Welcome. The innovative merchant-dr...

2006-12-06 19:55 1124

Hewitt Associates Study Reveals Salary Increases Set to Stabilize in Asia Pacific

The Average Overall Salary Increase Budget in CHINA Ranged from 7.5% to 8.4% in 2006. Few Companies Reported a Salary Freeze This Year. SHANGHAI, China, Dec. 4 /Xinhua-PRNewswire/ -- Asia's markets have maintained steady growth in the last year, which has led to a stabilization of sa...

2006-12-04 12:00 1250

China Netcom Shaoxing Branch Awards Beijing QTC the Sole Winner With the Biggest VoIP Business Profit Maker Among its Authorized VoIP Agents From January to November, in the Fiscal Year of 2006

BEIJING, Dec 4 /Xinhua-PRNewswire-FirstCall/ -- The Bralorne Mining Company (OTC Bulletin Board: BLNM) (“BLNM”), a leader in providing next generation voice and data telecommunication services in China, today announced that China Network Communications Group Corporation (“China Netco...

2006-12-04 21:00 838

InBev and Anheuser-Busch Reach Agreement for European Import Brands in United States

Anheuser-Busch to Import Beck’s, Bass, Stella Artois, Other InBev European Brands ST. LOUIS and BRUSSELS, Belgium, Dec. 1 /Xinhua-PRNewswire/ -- Anheuser- Busch (NYSE: BUD) will become the exclusive U.S. importer of a number of InBev’s (Euronext: INB) premium European import brands, in...

2006-12-01 10:20 984

China Security & Surveillance Technology, Inc. Raises $10.0 Million in Proceeds in a Private Transaction

SHENZHEN, China, Nov. 29 /Xinhua-PRNewswire/ -- China Security & Surveillance Technology, Inc., "China Security" (OTC Bulletin Board: CSCT), a leading provider of digital surveillance technology in China, announced today that it has completed a private placement with 3 funds associated with J...

2006-11-29 22:05 797

Mayer, Brown, Rowe & Maw Launches Hong Kong Office

- Jeffrey H. Chen Hired to Spearhead the Firm's Asian Securitization and Structured Finance Practice - HONG KONG, Nov. 29 /Xinhua-PRNewswire/ -- Mayer, Brown, Rowe & Maw LLP has received its operating license from the Law Society of Hong Kong and will officially open its doors in the ...

2006-11-29 18:00 1148

GEECF / XETRA:GLI : Chinese Approval for MK-V Biosphere Process Systems Chengzhou Project

NASSAU, Bahamas, Nov. 28 /Xinhua-PRNewswire/ -- Global Environmental Energy Corp (Bahamas) (Trading Symbols: Deutsche Bourse GLI (DE: GLI) -- USA OTC Bulletin Board: GEECF) subsidiary Biosphere Asia Pacific has received official approval from the State Environmental Protection Administrati...

2006-11-28 19:00 1843