15 October 2018


  • PBoC to approve credit assets for securitization, paper says

    Nov 25, 2013 8:21am
    The People’s Bank of China (PBoC) plans to approve a total of 400 billion yuan (US$65.63 billion) worth of banking credit assets for securitization by June 2014, the China Securities Journal reported Monday, citing unnamed sources....
  • Shareholders up stake cuts in listed firms, paper says

    Nov 25, 2013 8:02am
    Shareholders have offloaded stakes at a faster rate this month in companies listed in Shanghai and Shenzhen amid tighter market liquidity and an absence of new supportive policies, the China Securities Journal reported Monday, citing Wind...
  • No plan to expand pilot property tax, paper says

    Nov 25, 2013 7:42am
    The central government has no immediate plan to expand the property tax pilot scheme to more cities, the Beijing Times reported Sunday, citing an official from the State Administration of Taxation’s property tax reform team. The...
  • Inner Mongolia to set deadline for capacity cuts, CNS says

    Nov 25, 2013 7:37am
    Inner Mongolia will not approve any projects to expand production in industries already plagued by overcapacity, China News Service reported Sunday, citing unidentified regional government sources. The government of the autonomous region will also release a...
  • 45 listed developers owe 3.8 trn yuan in land taxes, CNS says

    Nov 25, 2013 7:13am
    Forty-five listed property developers — including China Vanke Co., Ltd. (000002.CN), China Merchants Property Development Co., Ltd. (000024.CN) and SOHO China Ltd. (00410.HK) — amassed a combined 3.8 trillion yuan (US$623.493 billion) in unpaid land value-added...
  • China aircraft firm launches first offshore unit, Xinhua says

    Nov 25, 2013 7:08am
    The Commercial Aircraft Corporation of China (COMAC) on Saturday opened its first wholly-owned overseas subsidiary in the city of Newport Beach in California in the United States, Xinhua news agency reported over the weekend. The unit, COMAC...
  • Art auction marks Shanghai FTZ first, Xinhua says

    Nov 25, 2013 7:00am
    The Shanghai International Artwork Trading Center became the first mainland auctioneer to put items under the hammer in Shanghai’s free trade zone on Saturday, Xinhua reported Sunday. The company sold 73 of the 90 items on...
  • High-speed rail link to open in N China, Xinhua says

    Nov 25, 2013 6:59am
    A new high-speed rail line between the cities of Tianjin and Qinhuangdao in north China will begin services on Dec. 1, Xinhua reported Sunday, citing rail authorities. The line covers 287 kilometers and trains will have a...
  • China’s coal use to grow by a third by 2020, Xinhua says

    Nov 25, 2013 6:51am
    China’s annual coal use will rise by more than a third to 4.8 billion metric tons in 2020 from the 3.52 billion metric tons consumed last year, Xinhua reported on the weekend, citing Liang Jiakun, vice...
  • Inaccurate data has prevented economic planners from recommending effective policy solutions. Photo: Bloomberg

    POLICY WATCH: Big data puts big picture into sharper focus

    - Nov 25, 2013 6:45am
    Through the years, many China-focused economists and analysts have raised doubts about the accuracy of the country’s economic indicators. They have learned to take with a grain of salt such key statistics as gross domestic product...
  • Chairman Wang Zhenghua says the company plans to increase its fleet to more than 100 aircraft by 2018. Photo: Spring Airlines

    INTERVIEW: Spring Airlines gears up for Japan foray

    - Nov 25, 2013 6:30am
    Spring Airlines Co. Ltd., China’s first and biggest low-cost carrier, plans to launch services to Japan in March amid easing territorial tensions between the two largest Asian economies, a top executive said. The company is awaiting...
  • Death toll rises to 52 in Qingdao oil pipe blast, Xinhua says

    Nov 25, 2013 6:10am
    The death toll from Friday’s oil pipeline explosion in Qingdao rose to 52 on Sunday afternoon, Xinhua reported the same day, citing rescue services in the city. The pipeline is owned by China Petroleum & Chemical...
  • Alibaba’s Laiwang adds 10 mln users in Oct, statement says

    Nov 22, 2013 5:57pm
    Alibaba Group’s new mobile-messaging application Laiwang added more than 10 million users in October, the e-commerce giant said in a statement on its website Friday. Alibaba chief executive Jonathan Lu {陸兆禧} attributed Laiwang’s strong growth to...
  • Xiaomi sells Mi3 handsets on Tencent’s WeChat, statement says

    Nov 22, 2013 5:30pm
    Xiaomi Inc. has set aside 150,000 units of its flagship Mi3 Android-based smartphone to sell on Tencent Holdings Ltd.’s (00700.HK) WeChat platform, the low-cost handset maker said in a statement Friday. The handsets will be up...
  • Chinese individuals must report overseas assets, govt says

    Nov 22, 2013 5:19pm
    Chinese individuals will be required to report overseas financial assets and liabilities to the State Administration of Foreign Exchange from Jan. 1, according to a revised State Council regulation posted on the central government website on...
  • SPT Energy sees gas shortage of 22 billion cubic meters in 2013

    Nov 22, 2013 4:33pm
    SPT Energy Group Inc. (01251.HK), a privately owned provider of integrated oilfield services, expects China’s natural gas supply gap to reach 22 billion cubic meters this year, and the supply shortage is set to expand in...
  • Wenzhou scraps private financing rate ceiling, Sina says

    Nov 22, 2013 4:03pm
    The government of Wenzhou, the Zhejiang city known for active and developed private economy, has scrapped the cap on interest rates on private financing activities, news portal reported Friday, citing government sources. Under previous law,...
  • Wanda’s Wang said to be eyeing top football clubs, Sina says

    Nov 22, 2013 3:01pm
    Wang Jianlin, chairman of Dalian Wanda Group Corp, maybe the mysterious investor who was in talks to buy into Italian football team AS Roma, news portal reported late Thursday, citing Italian newspaper Il Sole 24...
  • BYD will launch the hybrid car model Qin in December. Photo: BYD

    BYD auto sales volume up 20% in Jan-Oct, statement says

    Nov 22, 2013 1:21pm
    BYD Co. Ltd.’s (01211.HK) automobile sales volume grew 20 percent in the 10 months to October from a year earlier, the Shenzhen-based carmaker said in a press release on Friday, without providing exact figures. The company...
  • China expands consumer finance, CBRC says

    Nov 22, 2013 12:23pm
    China will allow entities in 10 more cities to set up consumer finance companies, an article on the China Banking Regulatory Commission (CBRC) website said Friday. The 10 cities include Shenyang, Nanjing, Hangzhou and Hefei, it...

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