19 August 2019


  • China Everbright Bank gets nod for HK IPO, paper says

    Oct 17, 2013 11:47am
    China Everbright Bank Co. Ltd. (601818.CN) has received approval from the China Securities Regulatory Commission (CSRC) to sell up to 12 billion ordinary shares in an initial public offering (IPO) in Hong Kong, Beijing Business Today...
  • Chongqing Steel sees loss in 2013 and 2014, paper says

    Oct 17, 2013 11:06am
    Chongqing Iron & Steel Co. Ltd. (601005.CN) said it expects to book a loss this year and next after major asset restructuring and financing, Beijing News reported Thursday, citing a company statement. The company forecast a...
  • Private funds sought in key nuclear researches, NEA says

    Oct 17, 2013 11:02am
    The National Energy Administration (NEA) is encouraging private firms to participate in key nuclear research projects, the agency said in a statement on its website late Wednesday. All nuclear research and development projects were dominated by...
  • The yuan still has no strength to challenge the three major currencies

    The pitfall of yuan globalization

    - Oct 17, 2013 10:56am
    A series of good news has emerged this October to suggest an increasingly globalized renminbi. On Oct. 8, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) said the yuan was the eighth most traded currency in...
  • Alibaba deploys Weibo in Double 11 marketing drive

    Oct 17, 2013 10:53am
    With less than a month to go until November 11, China’s Bachelor’s Day, e-commerce giant Alibaba Group is charging full steam ahead to promote its Double 11 online shopping carnival. One of its major marketing ploys...
  • Top train makers CSR, CNR collide in exports rivalry

    Oct 17, 2013 10:28am
    The whole railway sector, including locomotive, train and axle makers, welcomed the news that China is pushing for a “rice for high-speed railway” trade with Thailand. China CNR Corp. (601299.CN) and CSR Corp. (01766.HK, 601766.CN), the...
  • PetroChina Indo’s former head under investigation, Reuters says

    Oct 17, 2013 10:07am
    Wei Zhigang, former president of PetroChina Co. Ltd.’s (00857.HK, 601857.CN) Indonesian unit, was removed from his post several weeks ago amid an unspecified central government investigation into the executive, Reuters reported Wednesday, citing three industry insiders...
  • Local rail investment almost triples in first 9 mths, paper says

    Oct 17, 2013 9:43am
    Investment in local railways almost tripled during the nine months to September, rising to 1.404 billion yuan (US$230.226 million), up 1.044 billion yuan or 289.2 percent year on year, Economic Information Daily reported Thursday. Wang Mengshu, from the...
  • Wal-Mart to close 50 stores in China and Brazil, paper says

    Oct 17, 2013 9:34am
    United States retail giant Wal-Mart Stores Inc. will close some 50 underperforming stores in China and Brazil, Beijing Times reported on Thursday, citing the company’s annual investor meeting on Wednesday. Wal-Mart China, which currently owns 400 stores...
  • China eyes measures to promote wind power, paper says

    Oct 17, 2013 9:33am
    China is considering new measures to further promote the development of wind power, the China Securities Journal reported Thursday, citing Shi Lishan, deputy director general of the new energy department under the National Energy Administration. Under...
  • Daphne 3Q same-store sales down 18.1%, filing says

    Oct 17, 2013 9:32am
    Shoe retailer Daphne International Holdings Ltd. (00210.HK) said in a regulatory filing late Wednesday same-store sales at its core brands business declined 18.1 percent in the third quarter from a year earlier. The weak performance was...
  • Alibaba tops China as most profitable web firm, paper says

    Oct 17, 2013 9:29am
    Chinese e-commerce giant Alibaba Group Holdings has surpassed Tencent Holdings Ltd. (00700.HK), China’s largest listed internet company, and become the most profitable domestic internet firm in the three months ended June 30, Beijing Times reported Thursday,...
  • Ningbo Port launches shipping-focused insurance firm, paper says

    Oct 17, 2013 9:21am
    Ningbo Port Co., Ltd. (601018.CN) said it will team up with Shanghai International Port Group Co., Ltd. (600018.CN) and the People’s Insurance Company of China (PICC) to set up a professional insurance company specializing in the shipping...
  • Beijing eases price curbs on new housing projects, paper says

    Oct 17, 2013 9:20am
    Beijing’s housing bureau has relaxed pre-sale price restrictions on new residential projects in the capital city, the 21st Century Business Herald reported Thursday, citing an unnamed developer. The limit on presale price increases between different batches...
  • Shanghai banks upbeat about operating conditions, paper says

    Oct 17, 2013 9:19am
    The Shanghai Bureau of the China Banking Regulatory Commission said optimism is growing in the local banking industry about the operating environment, the Securities Times reported Thursday, citing a Q3 survey of 190 financial institutions in...
  • Ping An Life Jan-Sept premium at 114.94 bln yuan, filing says

    Oct 17, 2013 9:03am
    Ping An Insurance (Group) Company of China Ltd. (02318.HK, 601318.CN) said in a regulatory filing late Wednesday that gross premium income from its subsidiary Ping An Life Insurance Company of China Ltd. reached 114.94 billion yuan...
  • Thermal coal price rises for first time in a year, paper says

    Oct 17, 2013 8:56am
    The benchmark price of thermal coal in the Bohai rim rose in the week ended Tuesday, marking the first increase in almost a year, National Business Daily reported Thursday, citing data from the Qinhuangdao Port’s online...
  • China to regulate TCM ingredients, Xinhua says

    Oct 17, 2013 8:49am
    China’s drug watchdog has acted to regulate the 17 markets of traditional Chinese medicine (TCM) ingredients and banned the opening of new markets, Xinhua news agency reported Wednesday. The China Food and Drug Administration (CFDA), along with...
  • Ex-NPC official proposes floating rate for HK$, paper says

    Oct 17, 2013 8:45am
    Cheng Siwei, former vice chairman of the Standing Committee of the National People’s Congress, has proposed Hong Kong adopt a floating exchange rate regime, Singtao Daily reported Thursday. The Hong Kong dollar’s peg to the US...
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    The Big Picture: DEBT ACCORD

    - Oct 17, 2013 8:44am
    Asian equities markets, including China, are expected to rise, following gains in bourses in the United States and Europe after an agreement was reached between U.S. Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell...

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