Advanced Search
English Home
Headline
Opinion
China
World
Business
Sports
Education
Sci-Tech
Culture
FM Remarks
Friendly Contacts
News in
World Media
Features
Message Board
Voice of Readers
Feedback
China Quiz
Employment Opportunity
How to Subscribe

 

 


Monday, February 28, 2000, updated at 14:06(GMT+8)


Business

China's Everbright Bank Investing in Security Market

The Everbright Bank of China has underwritten 18.6 percent of the shares in Shenyin & Wanguo Securities Co. to become its biggest shareholder.

The Everbright Bank bought the 246 million shares in China's oldest securities company from the Industrial and Commercial Bank of China.

The new chairman of the board of Shenyin & Wanguo, Liu Mingkang said the move is part of Everbright's preparation for a new round of stiff competition with foreign counterparts.

With registered capital worth 1.3 billion yuan, Shenyin & Wanguo is now the largest stock trading company in the Shanghai Stock Exchange and the fourth biggest in the Shenzhen Stock Exchange.

Printer-friendly Version In This Section
  • China Removes Some Grain Strains from Price Protection

  • China's GDP Grew 7.1 Percent in 1999

  • China Aims to Increase Textile Products Exports

  • High Oil Price Posts Press on Industries

  • Leaders Call for Enhanced Leadership Over State Firms

  • Hu Urges Sichuan to Develop Economy

  • Back to top
    Copyright by People's Daily Online, All rights reserved





    Relevant Stories
  • China Removes Some Grain Strains from Price Protection


  • China's GDP Grew 7.1 Percent in 1999


  • China to Issue 50 billion Yuan In T-Bonds




  • Internet Links
  • China's Economic Performance