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China approves 2 IPO applications

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BEIJING, April 21 (Xinhua) — The China Securities Regulatory Commission (CSRC) approved the IPO applications from two companies Friday. They are allowed to raise up to 1.5 billion yuan (238 million U.S. dollars), the CSRC…

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China Mobile profit up 4.1% as margins expand

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China Mobile Ltd. 0941 Friday reported a 4.1% year-over-year rise in its first-quarter net profit after margins improved slightly. Net profit in the January-to-March quarter was 25.8 billion Chinese yuan (US$4.1 billion), compared with CNY24.8…

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