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IN BRIEF (Page: 11, Date: 09/22/2006)

September 22, 2006
IN BRIEF (Page: 11, Date: 09/22/2006). Check it out:
(China Daily Via Thomson Dialog NewsEdge) BEIJING Expansion funding China International Water & Electric Corp (CWE) yesterday signed an agreement with China Development Bank, which will see the lender offer loans worth 10 billion yuan (US$1.25 billion) from 2006 to 2009 to fund CWE's overseas expansion.



CWE, a large State-owned enterprise, is mainly engaged in contracting overseas engineering projects. The company has signed a deal for a massive dam project in Sudan, the largest ever such overseas contract secured by a Chinese company.

Monitoring centre Leading global anti-virus specialist Trend Micro has joined four Chinese partners, including the National Computer Virus Emergency Response Centre, to launch a monitoring operation centre in China. The centre will help customers monitor their data and guarantee a timely response when emergencies occur. Company executives said Chinese customers are now demanding increased security-related services, rather than hardware and software products.

SICHUAN Platform established Microsoft Corp this week established its first game technology platform in China, a move it hopes will help it carve a niche in the nation's up-and-coming gaming industry.

The company will use the platform to develop video games for its XBox360 console, in an effort to add Chinese cultural characteristics to its games. The platform, located in Chengdu, the capital of Southwest China's Sichuan Province, will also provide training for local video game developers. ZHEJIANG HK IPO ditched Ningbo Commercial Bank said yesterday it has abandoned plans to sell shares in Hong Kong and is preparing for an initial public offering (IPO) in Shanghai.

The bank has hired Goldman Sachs Group Inc's Chinese securities venture to arrange the sale, it said, giving no further details. The Ningbo lender is among six or seven city-based banks preparing IPOs.

Copyright 2006 China Daily. Source: Financial Times Information Limited - Asia Intelligence Wire.


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