Xicheng District
Bank of China to establish deposit bank in Turkey
The Bank of China (BOC) has received permission to operate a deposit bank in Turkey through the investment of $300 million, Turkey's banking watchdog said late Jan. 13, according to Anadolu Agency.
In a statement, the country's Banking Regulation and Supervision Agency (BDDK) said BOC had brought the "required capital" and would apply to start operating shortly.
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Piraeus key to Cosco Shipping Ports Ltd growth
Cosco Shipping Ports Limited expects its growth to come from ports outside of China, such as that of Piraeus, in 2017, offsetting the losses it stands to incur from its domestic ports, according to Morgan Stanley.
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Cargo transport hub hopes dim
Greece's potential to become an international trade hub remains untapped, as despite the spectacular performance of the port of Piraeus in recent years in terms of container transit, and to a lesser extent the port of Thessaloniki, there is a shortage of infrastructure for combined transport, such as major highways and a modern rail network, according to a study published yesterday.
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ADMIE stake passes into Chinese hands
China's State Grid Corporation (SGCC), the world's biggest utility, on Friday signed the purchase of a minority stake in Greece's power grid operator ADMIE, China's second big investment in the debt-laden country in a matter of months.
ADMIE was fully owned by Greece's state-owned power utility Public Power Corporation (PPC).
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Cosco aims to double Piraeus cruise passenger numbers
China's Cosco wants to more than double the number of cruise passengers using Piraeus by extending facilities for bigger ships, its chairman said on Monday.
"The movement of cruise passengers is around 1.1 million a year at present," Cosco Shipping chairman Xu Lirong said during a ceremony at the port launching new docking space for cruise ships.
Cosco to increase container volume at Piraeus
China's biggest shipping company, Cosco Shipping, plans to ramp up container volume at Greece's biggest port in Piraeus by 35 percent by 2018, the port's new managing director, Fu Cheng Qiu, told Reuters on Thursday.
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Cosco reports record container traffic in Piraeus last month
Container traffic overseen by Cosco in the port of Piraeus continues to break one record after another, consolidating its position as the main pillar of the Chinese group's overseas activity.
Greece pushes back to August 1 deadline for rail freight terminal bids
Greece on Tuesday pushed back to August 1 the deadline for the submission of bids for the construction and operations of a freight center with access to the national railway network and its largest port in Piraeus, Greek railways said.
After Piraeus Port, Chinese COSCO eyes trains to build Europe hub
China's COSCO is expected to make an offer for Greece's rail network after becoming the sole bidder for the country's largest port, two people familiar with the matter said, as the state owned shipping giant forges ahead with a plan to build a European transshipment hub.
China landslide leaves 91 missing, sparks gas explosion
A landslide that swept through an industrial park in southern China has buried more than 30 buildings in a sea of mud, leaving 91 people missing and triggering a gas explosion, Chinese media said Dec. 21.