Just as the rest of the world is getting swept away in a social networking frenzy, googling for keywords such as "Badoo", "Facebook", "Ebuddy", "Hi5" and even "Second Life", Chinese googlers it seems are a completely different species. In 2007, four out of the top ten keywords among Chinese googlers were wealth-related, searching for keywords such as "stock", "China Merchants Bank", "Industrial and Commercial Bank of China" and "China Construction Bank". Bank of China is conspicuously absent from the list! more ›

What's happening around the nation as one year closes and another begins more ›

Industrial and Commercial Bank of China(ICBC), the world’s largest bank by market capitalization, is buying 20 percent of South Africa’s Standard Bank Group Ltd. Standard Bank is based in Johannesburg and has branches in 18 African nations. The USD $5.5 billion price tag marks the most expensive overseas investment by a Chinese firm to date. Earlier in the week, CITIC Securities, also a state owned company, swapped USD $1 billion worth of equities with Bear Stearns. Both tie-ups are just the latest examples of corporate China’s aggressive international merger and acquisition binge, started back in 2004 when Lenovo bought IBM’s PC business. more ›

Chinese investors came off of the October golden week in a buying mood. The A share market gapped higher and never looked back. At mid day break, the Shanghai Composite Index is up 3 percent, or 166 points at 5718, yet another record high. more ›