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Everbright Securities forecasts strong 1H growth for China Unicom, China Mobile |
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Written by Administrator
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Thursday, 13 July 2006 |
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BEIJING, July 13 (InfoChina) – Chinese securities dealer Everbright Securities forecasts that China’s leading telecom operators China Mobile and China Unicom would have kept their strong profit growth in the first half of 2006. |
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China Life becomes strategic shareholder of railway company |
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Written by Administrator
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Thursday, 13 July 2006 |
BEIJING, July 13 (InfoChina) – After a spree of buying bank and securities equities, China Life Insurance Co., Ltd. (NYSE: LFC, HK: 2628) is entering the railway sector, one of the “scarcest resources” in China, where railway plays a crucial role in both cargo and passenger transportation.
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Goldman Sachs raises target price of China Life, citing robust new businesses |
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Written by Administrator
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Wednesday, 12 July 2006 |
BEIJING, July 12 (InfoChina) – Goldman Sachs raised the target price of China Life Insurance Co., Ltd. (NYSE: LFC, HK: 2628) from 10.29 to 10.55 HK dollars per share because of the company’s fast-growing new businesses.
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PCCW stakes sold to “Father of Red Chips” |
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Written by Administrator
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Tuesday, 11 July 2006 |
BEIJING, July 11 (InfoChina) – Richard Li, a son of the Hong Kong tycoon Li Ka-shing, has sold 23% of the stakes in PCCW Ltd. to Francis Leung, dubbed “father of red chips”, for 9.16 billion HK dollars on July 10.
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Insurers given investment access to real estate and medical institutions |
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Written by Administrator
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Monday, 10 July 2006 |
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BEIJING, July 10 (InfoChina) – Insurance funds in China will likely be approved to invest in real estate industry and medical institutions based on the ten provisions unveiled in the recently released Suggestions on Reform and Development of Insurance Industry by the State Council, according to Xiaoxiang Morning Post. |
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