Date
24 January 2018

Business

  • Subsidiary fund firms under tighter watch, paper says

    Oct 11, 2013 12:47pm
    Minsheng Royal Asset Management Co. Ltd. and Ping An UOB Fund Management Co. Ltd. are under regulatory scrutiny due to the rapid growth of their capital pool and securities note business, respectively, 21st Century Business Herald...
  • Taobao, LV to take on counterfeiters, statement says

    Oct 11, 2013 12:01pm
    Taobao.com, the online shopping site of e-commerce giant Alibaba Group, has teamed up with French luxury house Louis Vuitton to eradicate fake products from the Chinese site, Alibaba said in a statement Friday. The two companies...
  • Some swim naked in the banking tide, others are serious surfers

    - Oct 11, 2013 11:54am
    A dizzying array of listed companies — with such diverse businesses as garments, pork and even fodder — has suddenly come out of the woodwork to signify their intention to venture into the banking domain. Textile...
  • Great Wall Motor September sales up 8%, filing says

    Oct 11, 2013 11:01am
    Great Wall Motor Co. Ltd. (02333.HK, 601633.CN) posted car sales of 66,100 units in September, up 8.09 percent from a month earlier, it said in a regulatory filing Thursday. Production volume rose 3.83 percent to 65,200...
  • CNPC has no plans to spin off pipeline segment, paper says

    Oct 11, 2013 10:40am
    China National Petroleum Corporation (CNPC) does not plan to spin off its natural gas pipeline business in the near term, China Business News reported Friday, citing multiple sources from the oil and gas giant. The sources cited the...
  • Tariff cut likely just a short-term drag on power plays

    Oct 11, 2013 10:25am
    Power plays weakened Thursday on reports that Chinese authorities are planning to slash thermal power on-grid electricity tariffs in different provinces, including Guizhou, Tianjin, Fujian and Jiangsu. The cut will range from 0.9 fen to 2.5...
  • K Wah unit grabs Shanghai plot for 568 mln yuan, paper says

    Oct 11, 2013 10:04am
    A subsidiary of Hong Kong-based developer K Wah Group on Thursday acquired a residential plot in Shanghai for 568 million yuan (US$92.88 million), representing a premium of 63 percent over the base price, the National Business...
  • Shijiazhuang to close cement grinding plants, paper says

    Oct 11, 2013 10:02am
    Shijiazhuang, capital of north China’s Hebei province, will suspend cement makers that fail to meet environmental standards by the end of the month and close all cement grinding plants by the end of the year, National...
  • More subsidies in pipeline to meet energy target, paper says

    Oct 11, 2013 9:49am
    The National Development and Reform Commission will increase energy subsidies to achieve its consumption target under the five-year plan to 2015, National Business Daily reported Friday, citing Xie Ji, deputy director general of the Department of...
  • Everybody happy as Geely fulfills promises to local govts

    - Oct 11, 2013 9:47am
    Li Shufu {李書福}, chairman of private carmaker Geely Automobile Holdings (00175.HK), can now heave a sigh of relief following the inauguration of Volvo Cars Corp.’s Daqing plant in northeastern China’s Heilongjiang province in late September. Just before...
  • Bonded area futures products may be expanded, paper says

    Oct 11, 2013 9:46am
    The Shanghai Futures Exchange is likely to expand futures products physically delivered to the Shanghai Yangshan port bonded area, China Securities Journal reported Friday, citing an unnamed source. These will now include rubber in addition to copper...
  • Central bank sets RMB midpoint softer at 6.1458

    Oct 11, 2013 9:33am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1458 on Friday, 6 pips weaker than Thursday’s 6.1452 fixing, according to the China Foreign Exchange Trade System. The renminbi is...
  • Hebei cities ban coal with high sulphur content, paper says

    Oct 11, 2013 9:31am
    Two cities in the northern Hebei province have banned the use of coal types with high sulphur content, the National Business Daily reported Friday. Shijiazhuang, Hebei’s capital, has banned the storage, sale and use of coal...
  • Milk price hike may run out of steam soon

    Oct 11, 2013 9:29am
    According to market monitoring by the official Xinhua news agency, the price of liquid milk in plastic bag, one of the most affordable among dairy products in mainland China, has risen steadily this year even if the...
  • Huawei puts big deals on hold, WSJ says

    Oct 11, 2013 8:49am
    Huawei Technologies Co. of China will not consider any major acquisitions for at least the next five years as it focuses on improving management efficiency and ensuring sustainable growth, the Wall Street Journal reported Thursday, citing...
  • Glencore Xstrata makes headway in Peru mine sale, WSJ says

    Oct 11, 2013 8:47am
    Glencore Xstrata Plc’s effort to meet a Chinese regulatory requirement that it sell a Peruvian copper project has advanced, with two of the four Chinese companies that made initial offers for the mine invited back to...
  • China mulls removal of coal export tax, paper says

    Oct 11, 2013 8:35am
    China is considering removing the coal export tax from Jan. 1 next year amid lower coal prices in the domestic market, the 21st Century Business Herald reported Friday, citing an unnamed source. The government currently levies...
  • Beijing Telecom trims iPhone 5s price by 5.7%, Sina says

    Oct 11, 2013 8:34am
    Beijing Telecom, a unit of China Telecom Corp. Ltd. (00728.HK), has cut the price of iPhone 5s by 5.7 percent, the first such move after the debut of Apple Inc.’s latest smartphone model amid fierce completion,...
  • Xiamen to pilot farmer mortgage loans, paper says

    Oct 11, 2013 8:34am
    Xiamen is planning to pilot a program to allow farmers to apply for bank loans using their house as security, National Business Daily reported Friday, citing a draft proposal by the local government. Farmers holding collective...
  • PBoC lets foreigners invest RMB in financial firms, paper says

    Oct 11, 2013 8:32am
    The People’s Bank of China will allow foreigners to invest renminbi in domestic financial firms, subject to approval by the State Council, Beijing Business Today reported Friday, citing an official notice. The policy covers stake purchases, equity...

EJI Weekly Newsletter

Please click here to unsubscribe