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1. CRCC, CREC sign 2 railway contracts worth RMB 5.96 bln
China Railway Construction Corp Ltd<601186><1186>, the second largest state-owned construction company in the country, yesterday announced that its subsidiaries have secured two construction contracts worth a combined RMB 5.96 billion, according to a statement filed with the Shanghai Stock...
11 Nov 2009
2. Wuhan Sante Cableways to raise RMB 330 mln for 5 tourism projects
Wuhan Sante Cableways Group Co Ltd<002159> yesterday announced that it plans to issue up to 35 million shares for RMB 8.35 per share or RMB 330 million at most to fund the development of five tourism projects, one in Hainan Province and four in Hubei Province, sources reported.According to a statement...
11 Nov 2009
3. China starts building 3 nuclear power stations inland
China has begun the design and construction of three inland nuclear power stations as part of its effort to boost economic growth in the vast inland areas, said Wang Binghua, chairman of State Nuclear Power Technology Corp, the official Xinhua News Agency reported.The three power stations will be located in...
9 Nov 2009
4. Wisco to buy into Australia's Centrex Metals
Wuhan Iron & Steel (Group) Corp, the parent of Shanghai-listed Wuhan Iron and Steel Co Ltd<600005>, has obtained approval from the Australian Foreign Investment Review Board to conduct a joint venture iron ore project with Centrex Metals Ltd, according to the information of the former's website.The agreement the...
5 Nov 2009
5. Hubei Province plans to build 3 nuclear power plants
Hubei Province in central part of China, which is preparing to build the nation's first inland nuclear power plant, intends to construct three more nuclear power plants, the official Xinhua News Agency reported, citing Zhen Jianqiao, deputy director of the Hubei Provincial Development and Reform Commission.Hubei
8 April 2009
6. Citigroup opens 2nd rural lending arm in China's Hubei Province
Citigroup Inc has set up a new rural lending arm, Hubei Xianning Chibi Citi Lending Co Ltd, in Central China's Hubei Province, the Shanghai Daily reported.The lending arm, which has a registered capital of RMB 17 million, is the group's second rural lending company in the mainland.
19 March 2009
7. BOC to extend RMB 300 bln in credit to Hubei
Bank of China (BOC)<601988><3988>, the nation's second-largest lender, signed agreements with Hubei Provincial Government over the weekend to extend comprehensive credit worth up to RMB 300 billion for key projects, sources reported.The credit line will be mainly used to finance transportation, infrastructure
9 March 2009
8. Hubei Xingfa kicks off Silicon project
Hubei Xingfa Chemicals Group Co Ltd (Hubei Xingfa)<600141> has begun construction of a new organosilicon production line with a capacity of 180,000 tons in Yichang, the second largest city in Hubei Province.According to the plan, a wholly owned subsidiary of Hubei Xingfa will invest RMB 596.21 million in
16 Feb 2009
9. AEGON-CNOOC Life Insurance approved to set up Hebei branch
Shanghai-based AEGON-CNOOC Life Insurance Co Ltd, a 50:50 joint venture (JV) between the Netherlands' Aegon NV and the China National Offshore Oil Corp (CNOOC Group), announced it has secured approval from the China Insurance Regulatory Commission (CIRC) to set up a new branch in
9 Feb 2009
10. Hubei province sets up 4 venture capital funds
A group of venture capital companies led by Shanghai Richen Asset Management Co have teamed up with the Hubei provincial government guidance fund of venture capital to set up four funds with a total value of RMB 600 million, the Shanghai Securities News reported on Monday.The funds, in which the provincial
30 Dec 2008
11. China unveils plans to build 1st inland nuclear plant in Hubei
Hubei province, located in the central part of China, has started preparation work for the construction of the country's first inland nuclear plant, sources reported, citing a local official on Sunday.The local government has relocated the residents from the land designated for the plant in Xianning City, and finished road
9 Dec 2008
12. Medical stores in Hubei ally on collective purchasing
A retail drugstore alliance consisting of 22 chain medical companies has been formed in Hubei province, central China, sources reported.The 22 retail drugstores, which take up 40% of the medical market in the capital city Wuhan of Huibei, will set up a collective purchasing platform to avoid the lengthy procedures
26 Nov 2008
13. ABC extends credit line in Hubei province
Sep. 30, 2008 (China Knowledge) - The Agriculture Bank of China (ABC), one of China's Big Four state-owned banks, will extend credit line to support the agriculture sector in Hubei province as well as the development of Wuhan city circle, according to an MOU signed by ABC and the provincial government.
30 Sept 2008
14. IHG signs 2 new hotels in Wuhan
InterContinental Hotels Group (IHG), the world's largest hotel group by the number of rooms, announced that it has signed deals to manage two new hotels in Central China's gateway city of Wuhan, Hubei Province, taking a huge step in its strategic expansion into the Central and Western China market.
16 Sept 2008
15. Marco Polo Hotels expands to Wuhan
Marco Polo Hotels, one of the world's largest hotel chains, said that it will open a new outlet in Wuhan, Hubei Province on Sep. 15, 2008.The new hotel, located in Hankou, the commercial center of Wuhan, has 380 guestrooms, providing amenities and services including a fragrance program, iPod surround sound
12 Sept 2008
16. Chalco's bid for Daye Nonferrous Metal foiled
Aluminum Corp of China (Chalco)<601600><2600>, the country's top producer of aluminum, has suffered a setback yet again in its plans to expand horizontally in non-ferrous metals; it has failed to acquire Hubei province's state-administered Daye Nonferrous Metal Co, China's fifth largest copper
4 July 2008
17. Wuhan Urban renamed Hankou Bank, seeks expansion
Hankou Bank, the re-named Wuhan Urban Commercial Bank in central China's Hubei province, is seeking foreign strategic investors to further strengthened its capital base, in a bid to pave the way for its listing on the equity market. The bank is in talks with several foreign banks and financial institutions, said
27 June 2008
18. Hubei Yihua plans to issue RMB 700 mln corporate bonds
Hubei Yihua Chemical Industry Co Ltd<000422> planned to sell no more than RMB 700 million corporate bonds after gaining the permission of the directorate, according to the company's announcement on Friday.The announcement did not give details about the exact launch date. The 5-10 year bond could be
26 May 2008
19. HNA Group to cooperate with Yichang City
HNA Group today will ink strategic cooperative agreement with Hubei Yichang City People's government in Haikou, the capital city of Hainan Province, according to sources.Under the terms of agreement, the cooperation aims at making Yichang into an air cargo distribution center in the southwest of Hubei
26 May 2008
20. Premier says China's food supply sufficient
China has abundant grain reserve of about 150 million to 200 million tons and is able to feed its 1.3 billion people, said the Chinese premier Wen Jiabao during its two-day spring planting inspection in North China's Hebei province. China's grain output reached 500 billion kilograms last year,
8 April 2008
 
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