China's corruption goes on overdrive with PetroChina officials falling in its wake. In a widening effort to push its anti-corruption campaign, China has included the country's most valuable company in its dragnet.
Tags: China
PetroChina now turning new page after Chairman Jiang Jiemin
As the company faces an investigation on corruption under the previous leadership, the new management of PetroChina is seeking to distance itself from the legacy of its former chairman.
Bright Food Group in 'preliminary' talks for stake purchase in Tnuva Food Industries
China-based Bright Food Group has planned to buy a stake in Israel's Tnuva Food Industries. Bright Food Group Co said it could buy a stake in Tnuva Food Industries Ltd.
Chinese insurance firms may seek real estate investments overseas- CBRE Group
The CBRE Group Inc said Chinese insurance companies could spend USD 14.4 billion in commercial real estate investments overseas.
Anti-corruption drive nets another senior Chinese official
President Xi Jinping's anti-corruption drive tries another senior official of graft. The Chinese government's investigation on corruption has now turned to the head of its state assets regulator in what has been called 'serious discipline violations'.
Latest News
China's Vice Finance Minister says there is no need for Chinese government to stimulate the world’s No. 2 economy.
Top Chinese banks had been expecting to win approval for negotiable certificates of deposit worth CNY10 billion.
There were more than 110 China brokerages that would undergo government probe after Everbright Securities made a CNY23.4 billion buy order error.
Chinese regulators sought confessions from foreign companies regarding any committed antitrust violations and warned them about hiring external lawyers to fight the said accusations.
The corruption trial of former politician Bo Xilai showcased the extent and pervasiveness of corruption in China.
Merchants Bank Co. planned to raise CNY34.8 billion to bolster its capital and speed up growth as competition with smaller bank rivals in China intensified.
China's ZTE Corp flagged its third quarter earnings for the July to September period at the Hong Kong Stock Exchange.
L'Oreal's planned expansion into China's beauty markets had been burdened with complications as the country mandates animal testing for every new product introduced to Chinese consumers.
After Everbright Securities Co. made erroneous buy orders of CNY23.4 billion last August 16, the state-backed firm suspended the head of its proprietary trading division.
