China's banks made a net profit of 899.1 billion yuan (97.5 billion euros) last year, up 34.5 percent from a year earlier, the fastest pace in three years, the China Banking Regulatory Commission (CBRC) said in a report.Net interest margin contributed 66 percent to the profit, up by 3 percentage poi...

BEIJING - China Petroleum Chemical Corp (Sinopec), Asia's biggest oil refiner by capacity, aims to produce 45.59 million tons of crude oil in 2011.That's amid an expansion of exploration in western China and overseas as rising oil prices continues to erode profit margins at the company's refining di...