»Bank of China, the country’s third-largest lender by market value, said Thursday its first-half net profit climbed 25.77 percent to 54.38 billion yuan.

»Net profit attributable to parent company in the first six months was 52.02 billion yuan, a gain of 26.87 percent year-on-year.

»Total assets ending June 30 stood at nearly ten trillion yuan, up 10.67 percent from the end of last year.

China Mobile's acquisition of a 20 percent stake in Shanghai Pudong Development Bank for 39.8 billion yuan got preliminary approval from China Securities Regulation Commission.

Shanghai Pudong Development Bank (600000.SH)'s plan to sell a 20
percent-stake to China Mobile was approved by China Securities Regulation
Commission with conditions, it said in a statement without elaborating.

The acquisitions will add more than 250,000 customers to its overall business, and create access to 7 billion U.S. dollars’ business opportunities annually.

Alibaba.com, world’s largest online business-to-business trading platform for small businesses, said Wednesday it had agreed to buy U.S. software developer Auctiva for an undisclosed sum to boost its presence overseas.

»Air China Ltd., (9601111.Sh), the world’s largest carrier by market value, posted Wednesday a net profit of 4.69 billion yuan for the first six months, up 60.44 percent year-on-year due to surging travel demand.

»Beneficial from rebounding travel demand, the Beijing-based carrier boosted its revenue both in passenger transport and cargo transport.

»China Life Insurance (601628.SH/02628.HK), the country’s largest insurer,
said Wednesday its first-half net profit surged 7.4 percent boosted by income
from rebounding premium and investments.

»Net profit for the first six months hit 18.03 billion yuan (2.67 billion
U.S. dollars), and total assets reached 1.32 trillion yuan by the end of June, a
gain of 7.7 percent year-on-year, the company said in a statement filed to the
Shanghai Stock Exchange.

Companies and organizations from China and South Africa on Tuesday signed ten business cooperation documents covering areas such as solar power, mining, telecommunications, insurance and finance.

Companies and organizations from China and South Africa on Tuesday signed ten business cooperation documents covering areas such as solar power, mining, telecommunications, insurance and finance.

Outbound overseas direct investment (ODI) from China's non-financial sectors is expected to exceed 50 billion U.S. dollars in 2010, a senior government official said.

Overseas direct investment from China's non-financial sectors is expected to exceed 50 billion U.S. dollars in 2010, a senior official said Tuesday.

»Ping An Insurance Co., China's second-biggest insurer, said first-half profit climbed 27.8 percent to 9.87 billion yuan, driven by expanding premiums and increasing profit in securities and trust businesses.

»Operational revenue stood at 93.82 billion yuan ending June 30, 2010, said the half-year results released on Tuesday.

»Shenzhen Development Bank Co. said on Tuesday its first-half net profit rose 31 percent from a year ago to 3.03 billion yuan.

»Earnings per share were 0.98 yuan, up 31 percent year-on-year.

»Operational revenue in the first half was 8.5 billion yuan, a gain of 13 percent year-on-year. Interest net income increased by 16 percent to 7.41 billion yuan, accounting for 87.2 percent of total revenue.

»China’s largest private automobile producer BYD Co., said Monday it is preparing documents for listing in Shenzhen Stock Exchange and hopes to complete the listing by the end of 2010, according to sources.