The country’s biggest port builder sells 1.35 billion shares at Rmb5.4 each, the higher end of the price range. China Communications Construction (CCC), the country’s biggest port builder, raised Rmb5 billion ($793 million) on Thursday after offering shares at the top end of the indicated price range. The company had to cut the size of the offering by as much …

The specialist steelmaker will become the first company of size to list in Hong Kong this year. Chinese steelmaker Xiwang Special Steel has raised HK$1.33 billion ($171 million) from the first initial public offering of size in Hong Kong this year. Investors weren’t exactly rushing into the deal, though, and according to sources the stock was mainly bought by a …

TOKYO, Feb. 20 (Xinhua) — Nikkei rose sharply high early Monday, hitting a 6.5-month high above 9,500. The market was lifted by the optimistic expectation for export on weaker yen. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average rose 154.36 points, or 1.64 percent, from Friday to 9,538. 53, trading at its highest intraday level since …

China’s Vice President Xi Jinping, on the last day of a much-ballyhooed five-day trip through the United States, said the Chinese economy will avoid a “hard landing” this year and maintain stable growth. Slated to become the president of China by 2013, Xi told a business forum in Los Angeles: “2012 will be a crucial year in driving the twelfth …

Asian markets are mostly trading notably higher on Monday with investors picking up stocks following a rate cut by the Chinese central bank and on easing worries about the eurozone economy amid hopes of a solution to Greece’s debt woes. Though some of the markets are off their highs with a section of investors taking some profits, the mood remains …

BANGKOK, Thailand (AP) — Asian stock markets climbed Monday after China moved to boost its economy by freeing up bank lending and hopes grew that Greece will clinch the aid its needs to avoid bankruptcy. Oil prices jumped to a nine-month high near $105 a barrel after Iran said it halted crude exports to Britain and France in an escalation …

Japanese Finance Minister Jun Azumi said his nation and China will work together to help Europe solve its debt crisis through the International Monetary Fund. Europe needs a bigger so-called firewall of added funding to contain the crisis, even as Greece shows some improvement in solving its financial woes, Azumi told reporters in Beijing yesterday after meeting Chinese Vice Premier Wang Qishan. Azumi, who met …

Imagining Asia 2020: Asia is growing. But how are businesses recognizing these changes? Tan Su Shan, Group Head of Wealth Management at DBS Bank, shares how businesses have evolved to cater to the Asia giant

SHANGHAI saw foreign direct investment grow last month because foreign investors were still attracted to the city’s economy and its pro-business environment. A total of US$1.5 billion in contracted foreign investment landed in the city in January, an annual jump of 12.5 percent, according to the Shanghai Statistics Bureau. But it was slower than last year’s average of 31.3 percent …

CHINA’S central bank said yesterday it will maintain a prudent monetary policy as the country faces pressure in supporting growth and containing inflation. The remarks, made by an official with the People’s Bank of China, was quoted in a PBOC press release a day after the central bank unveiled a reserve requirement ratio cut to ease a liquidity shortage and …