China's Shanghai Pudong Development Bank has published its annual financial report for 2008, stating that its net profit increased by 127.61% year-on-year to CNY12.516 billion while its earnings per share increased by 127.7% to CNY2.21.

According to the news from Shanghai United Assets and Equity Exchange, CITIC Capital has gained 45% shares of Guan Sheng Yuan (Group) Company Limited through its two companies.

Billboards, hotels, taxi services and similar businesses were favorites of investors in Mainland China in 2007, as annual venture capital investment in the region reached its highest level in six years with US$2.49 billion invested in 241 deals, according to the China Quarterly Venture Capital Report released by Dow Jones VentureSource.