Date
24 April 2018

Industries

  • Xiaomi seeks to set up sales unit in Taiwan, paper says

    Oct 28, 2013 10:50am
    Chinese mobile phone maker Beijing Xiaomi Technology Co. has submitted an application to Taiwan’s Ministry of Economic affairs for permission to set up a phone wholesale and retail unit on the island, Commercial Times reported Monday,...
  • HKMA urges banks to ensure loan-deposit tenor match, paper says

    Oct 28, 2013 10:40am
    The Hong Kong Monetary Authority (HKMA) has urged local banks to ensure adequate matching in deposit and loan tenors to maintain stable source of funding, Ming Pao Daily News reported Monday, citing people familiar with the...
  • Forum hears call for cross-strait gas pipeline, website says

    Oct 28, 2013 10:32am
    A senior adviser to Taiwan’s ruling Kuomintang said the island and the mainland should explore the potential for building natural gas pipelines across the Taiwan Strait, Taiwan News reported Sunday, citing a Central News Agency report. At...
  • CRCC to sell 20% stake in laggard unit, paper says

    Oct 28, 2013 10:25am
    China Railway Construction Corporation Ltd. (CRCC) (01186.HK, 601186.CN) plans to offload a 20 percent equity interest in CRCC-Tongguan Investment Co. through public listing on the China Beijing Equity Exchange, the China Securities Journal reported Monday, citing...
  • Wuhan Steel to fight US dumping claims, paper says

    Oct 28, 2013 10:18am
    Wuhan Iron and Steel (Group) Corp, China’s largest flat-rolled alloy steel producer, said on Sunday that it will respond proactively to an anti-dumping investigation launched Friday by the US Commerce Department, Global Times reported. US authorities announced trade probes...
  • Ministry cultivates ag e-commerce info service, paper says

    Oct 28, 2013 10:07am
    The Ministry of Commerce is building a website to give farmers more accurate information about online demand for agricultural products, Beijing Business Today reported Monday, citing Nie Linhai, deputy inspector of the ministry’s e-commerce and information...
  • No regrets in Ford’s conservative China play, SCMP says

    Oct 28, 2013 9:56am
    Ford Motor chief executive Alan Mulally said he did not regret adopting a conservative approach to business in mainland China, which has seen the company fall behind in the world’s biggest passenger vehicle market, the South...
  • Large industrial firms’ profit up 13.5% in Jan-Sept, NBS says

    Oct 28, 2013 9:42am
    Large-scale industrial enterprises in China posted a combined net profit of 4.04 trillion yuan (US$664.06 billion) between January and September, up 13.5 percent over the same period last year and marking an increase of 0.7 percentage...
  • BAIC to invest 3.6 bln yuan on new Yunnan facility, paper says

    Oct 28, 2013 9:42am
    State-owned carmaker Beijing Automotive Industry Holding Co. Ltd. (BAIC Group) plans to invest 3.6 billion yuan (US$591.83 million) on a new production plant in Yunnan province, National Business Herald reported Monday, citing a company statement. The...
  • Central bank sets RMB midpoint softer at 6.1336

    Oct 28, 2013 9:41am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1336 Monday, three pips weaker than the 6.1333 fixing on Friday, according to the China Foreign Exchange Trade System. The renminbi...
  • Nissin to keep Demae Iccho output in HK, paper says

    Oct 28, 2013 9:33am
    Nissin Foods said it will beef up mainland sales of its instant noodles, including the popular Demae Iccho brand, Kyodo News reported Sunday. Nissin expects combined mainland and Hong Kong sales to grow to 32.2 billion...
  • HTC faces the essential question

    Oct 28, 2013 9:28am
    How much longer can HTC hang on? This question came up in a recent blog under the IT section of the 21st Century Business Herald regarding the Taiwanese smartphone maker’s shaky future after it slid into...
  • Reckless technical race may derail BYD’s e-car drive

    - Oct 28, 2013 9:26am
    Is BYD (01211.HK) chairman Wang Chuanfu {王傳福} too obsessed with technical breakthroughs? With much fanfare last month, Wang revealed that the E9, its next generation of e-sports cars, needed just 3.9 seconds to go from zero...
  • Overemphasis on wet process is counterproductive to home milk

    Oct 28, 2013 9:25am
    Beijing is bent on forming a national team for the domestic infant milk powder market that can compete with the best multinational brands, but some of the leading homegrown dairy firms complain that the new set...
  • China may soon roll out deposit insurance, Yicai says

    Oct 28, 2013 8:51am
    Authorities are close to finishing a draft of the rules for the country’s first deposit insurance scheme, news website Yicai.com reported Sunday, citing Ma Delun, former vice governor of the People’s Bank of China and the...
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    The Big Picture: RATE REFORM

    - Oct 28, 2013 8:49am
    The launch of a new benchmark lending rate, or the so-called loan prime rate, represents another breakthrough in pushing forward rate liberalization in China. By setting the lending rate to the banks’ best customers, market-driven demand...
  • Disney plans huge flagship retail store in Shanghai, report says

    Oct 28, 2013 8:23am
    The Walt Disney Company is planning to establish a flagship retail store in Shanghai, which will be the company’s biggest in the world, China Business News reported Monday, citing a company announcement. The shop, to be...
  • GM says SAIC partnership strong, Reuters reports

    Oct 28, 2013 8:21am
    General Motors Co. said its partnership with China’s SAIC Motor Corp. (600104.CN) is thriving and the two carmakers are discussing further collaboration in Indonesia, Reuters reported on Sunday. GM China chairman Tim Lee made the remarks amid...
  • Who will gain from China oil import reform?

    Oct 28, 2013 8:10am
    As speculation swirls that China could soon open up the crude oil import business, it is time to look around the market to assess who has the potential to capitalize on the upcoming reform. Guanghui Energy...
  • Vale sees 1.1 bln tons China iron ore sales in 6 yrs, paper says

    Oct 28, 2013 8:06am
    Brazilian miner Vale SA expects to sell 1.1 billion tons of iron ore to China in the next six years, Shanghai Daily reported on Monday. The world’s largest ore producer is certain of meeting that target because...

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