Date
27 May 2018

Industries

  • Shanghai allows day trading of bonds and gold ETFs, paper says

    Oct 21, 2013 6:38am
    The Shanghai Stock Exchange has received regulatory approval to allow same-day trading of bonds and gold exchange traded funds (ETFs), Nanfang Daily reported Sunday. These securities can be bought and sold on the same day. The...
  • Govt to revise coastal port planning, paper says

    Oct 21, 2013 6:36am
    The Ministry of Transport is considering changes to coastal port planning to bring it into line with China’s economic development, Economic Information Daily reported Monday, quoting Chen Yingming, vice chairman of China Ports and Harbours Association....
  • Mengniu chief executive officer Sun Yiping says Mengniu is increasing its share of high-end products to spur growth. Photo: Mengniu

    Mengniu Dairy to cream profit from top-shelf products

    - Oct 21, 2013 6:00am
    China Mengniu Dairy Co., Ltd (02319.HK), the nation’s biggest dairy producer, plans to bulk up on high-end offerings like baby formula in the coming few years to capitalize on China’s growing taste for the products. “We...
  • China unveils three-tier logistics park system, govt says

    Oct 18, 2013 3:26pm
    China has released a plan for general development of logistics parks, applying a three-tier system across the country, according to a statement on the government’s official website Friday. Beijing, Tianjin and 27 other cities are allowed...
  • Fosun buys Manhattan landmark for US$725 mln, filing says

    Oct 18, 2013 2:02pm
    Fosun International Ltd. (00656.HK) has bought New York landmark One Chase Manhattan Plaza for US$725 million, it said in a regulatory filing Friday. The purchase was made by a subsidiary from JP Morgan Chase Bank N.A....
  • Real estate investment up 19.7% in Jan-Sept, govt says

    Oct 18, 2013 1:47pm
    Investment in real estate in the nine months to September increased 19.7 percent year on year to 6.11 trillion yuan (US$1.00 trillion), 0.4 percentage point higher than the growth in the first eight months, according to...
  • COLI pays record price for Shenzhen site, paper says

    Oct 18, 2013 11:37am
    China Overseas Land & Investment Ltd. (00688.HK) secured a Shenzhen site for 3.82 billion yuan (US$626.76 million) on Wednesday, property news portal Guandian.cn reported late Thursday. The deal translates to a record floor price for Shenzhen...
  • Rémy Cointreau 1H sales down 3.6%, statement says

    Oct 18, 2013 11:37am
    French liquor maker Remy Cointreau S.A. said Thursday that its sales fell 3.6 percent year on year to 558 million euro (US$762.42 million) in the first half of its fiscal year, blaming China’s clampdown on extravagant gift-giving for...
  • Banks win nod to sell asset management plans, SCMP says

    Oct 18, 2013 10:57am
    The China Banking Regulatory Commission will allow at least 11 mainland banks to sell asset management plans under a pilot scheme aimed at tapping into the funds of their depositors, the South China Morning Post reported...
  • WeChat offers insurance for payment service users, paper says

    Oct 18, 2013 10:49am
    Tencent Holdings Ltd. (00700.HK), China’s largest listed internet firm, has reached an agreement with PICC Property and Casualty Co. Ltd. (02328.HK) that users of its third-party payment service under WeChat will be fully compensated by the...
  • Baosteel eyes iron ore e-platform in Shanghai FTZ, paper says

    Oct 18, 2013 10:20am
    Baoshan Iron & Steel Co. Ltd. (Baosteel) (600019.CN), China’s largest listed steelmaker, may set up an electronic platform for spot trading of iron ore in the Shanghai Free Trade Zone in cooperation with Shanghai Ganglian E-Commerce...
  • China Telecom opens corporate mobile payment service, Sina says

    Oct 18, 2013 10:15am
    China Telecom Corp. Ltd. (00728.HK) has launched a new mobile settlement and payment service tailored for financial enterprises, a move that is seen as developing beyond the existing mobile wallet solutions for individual users, news portal...
  • Urea price hits three-year low on weak demand, paper says

    Oct 18, 2013 10:09am
    The price of urea, which is used in making fertilizers, has declined to 1,500 yuan (US$245.97) per metric ton, the lowest in the past three years, Securities Times reported Friday, citing data from market monitoring website...
  • Yum Brands to hire 10,000 university graduates, paper says

    Oct 18, 2013 10:09am
    Yum Brands Inc., owner of the KFC and Pizza Hut chains, has started a campus recruitment drive to hire nearly 10,000 fresh university graduates across China, Beijing Times reported Friday, citing a company statement. The company...
  • Lenovo eyes bid for BlackBerry, WSJ says

    Oct 18, 2013 9:54am
    Lenovo Group Ltd. (00992.HK) is actively considering a bid for the entire stake of struggling smartphone maker BlackBerry Ltd., and has signed a “nondisclosure” agreement that allows it to look at the Canadian company’s books, the Wall...
  • Central bank sets RMB midpoint firmer at 6.1372

    Oct 18, 2013 9:36am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1372 on Friday, 59 pips stronger than Thursday’s 6.1431 fixing, according to the China Foreign Exchange Trade System. That is a...
  • Beijing draws up contingency plan on air pollution, paper says

    Oct 18, 2013 9:33am
    The capital city of Beijing will close all factories and schools and limit the number of motor vehicles on the road when the red alert on air quality is issued, Securities Times reported Friday, citing a...
  • Law cuts into S Korea’s Chinese tourist business, Yonhap says

    Oct 18, 2013 9:18am
    The number of Chinese visitors to South Korea is sharply down this month since China’s new tourism law took effect on October 1, Yonhap news agency reported Thursday, citing data from the Korea Tourism Organization and...
  • Online retail sales to hit 1.3 trn yuan in Jan-Sept, paper says

    Oct 18, 2013 9:15am
    China’s online retail sales are likely to hit 1.3 trillion yuan (US$213.14 billion) in the nine months to September, up 34.7 percent year on year, the People’s Daily reported late Thursday, citing commerce ministry spokesperson Shen...
  • Govt to tighten industrial emission standards, report says

    Oct 18, 2013 9:11am
    The Ministry of Environmental Protection is set to review and tighten emission standards for industrial firms, the Economic Information Daily reported Friday, citing authoritative sources. The ministry will tighten emission standards for high energy consumption industries...

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