China Citic Financial Asset Management says it’s shedding non-core financial assets

The asset manager announces it will buy a 5% stake in one of the financial conglomerate’s subsidiaries at a 29% premium

Even after Citic swooped in to help Nanjing Steel preempt its deal, Shagang urges Fosun to honor its $1.97 billion sale agreement

After a last-minute bid, a firm owned by the state-owned heavyweight will pay about $2 billion for the 60% stake in Nanjing Nangang Iron & Steel United

U.S. temporarily lifts tax on PV cells and modules from suppliers in Cambodia, Malaysia, Thailand and Vietnam, many of which are backed by Chinese companies

Wang Zhanfeng heads up state-owned China Orient Asset Management, another ‘Big Four’ AMC

While bad-debt manager remains a state-owned financial institution, the move leaves it one step removed from direct government control

Scandal-plagued bad-debt manager moves to speed up revitalization and restructuring following announcement of rescue plan led by Citic

China’s second-biggest financial holding company is leading a bid to pull bad bank back from the brink

Citic Group subsidiary and Everbright apply to become financial holding companies under the tightened central bank rules introduced in September

Li Qingping, 58, will be replaced by former central banker Zhu Hexin, whose appointment is pending regulatory and shareholder approval

Li Ge, 49, accepted massive bribes, illegally issued money-losing loans and used his power to obtain personal benefits, parent Citic Group says in statement

The dispute over the rights to a billion tons of ore will come to a head in a trial down under starting Monday

Though both deny renewed Bloomberg reporting, analysts see a combination as feasible as policymakers press to create investment banking giant to compete with Wall Street

The new appointment is the latest in a round of senior appointments and changes at Citic Group

Zhu Hexin, who oversees the PBOC’s financial stability bureau, will likely look to defuse some of the conglomerate’s risks

Citic’s chairman lambasted CLSA’s executives last year over their ability to earn decent returns, after which a large part of its top echelon departed

State-owned conglomerate is looking for buyers for a 22% stake in the fast food giant’s China operation

Sun Deshun might be linked to a criminal case involving a 2 billion yuan deal by an ex-chairman of a Citic Group subsidiary, sources said