Date
24 April 2018

Business

  • Central bank sets RMB midpoint softer at 6.1412

    Oct 30, 2013 9:42am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1412 Wednesday, 39 pips weaker than the 6.1373 fixing on Tuesday, according to the China Foreign Exchange Trade System. The renminbi...
  • Honeywell aims to ride China refining boom, paper says

    Oct 30, 2013 9:35am
    Honeywell International Inc said its planned new plant in China will be able to support the boom in the country’s oil refining industry in the long term, Shanghai Daily reported on Wednesday. Located in the port city...
  • China tightens rules to promote breast feeding, Xinhua says

    Oct 30, 2013 9:12am
    The Chinese government has tightened rules on producers of infant formula to promote the use of breast feeding, Xinhua news agency reported Wednesday, citing a notice released jointly by the Food and Drug Administration, the health...
  • ‘Small properties’ may be turned into commodity housing

    Oct 30, 2013 9:09am
    In China’s housing market, there is a gray area called “small properties”, structures which are illegal in the strict sense but still can be found almost everywhere across the country. The word “small” does not pertain...
  • Minsheng Bank finds a blue ocean in Hainan

    Oct 30, 2013 8:56am
    China Minsheng Bank’s (01988.HK, 600016.CN) huge lending plan in Hainan represents one more example of how the nimble financial institution tries to steer away from the beaten track to create tailor-made products based on the needs...
  • CITIC Bank’s net profit up 13% in Jan-Sept, filing says

    Oct 30, 2013 8:49am
    China CITIC Bank Corp. Ltd. (00998.HK, 601998.CN) said in a regulatory filing on Wednesday its net profit for the nine months to September rose 13.35 percent to 30.86 billion yuan (US$5.07 billion) from a year earlier,...
  • Sinopec 3Q net profit up 21.56%, filing says

    Oct 30, 2013 8:46am
    China Petroleum & Chemical Corp. (Sinopec) (00386.HK, 600028.CN) posted a 21.56 percent year-on-year increase in net profit for the third quarter to reach 22.18 billion yuan (US$3.64 billion), according to a regulatory filing late Tuesday. Revenue...
  • Beijing targets full switch to cleaner power by 2017, paper says

    Oct 30, 2013 8:38am
    Beijing aims to meet all the city’s power needs with cleaner energy in five years from 2013 in a fresh move to fight air pollution, Beijing Daily reported Wednesday, citing a municipal government plan. All coal-fired...
  • Beijing tightens rules on land bidding, paper says

    Oct 30, 2013 8:32am
    The Beijing government has tightened rules on land auctions to speed up payments from property developers, the Beijing Business News reported Wednesday, citing a notice on the government website. Under the new rules which took effect from...
  • Tesla’s rumored entry-level model may take on BYD’s e6

    Oct 30, 2013 8:31am
    Rumor has it that US carmaker Tesla Motors (TSLA.US) is moving at swift pace to develop the first entry-level version of its popular electric sedan.   If the speculation turns out correct, the new model — dubbed variously...
  • China Merchants’ Jan-Sept net profit up 13.55%, filing says

    Oct 30, 2013 8:25am
    China Merchants Bank Co., Ltd. (03968.HK, 600036.CN) said in an exchange filing on Wednesday that its net profit for the nine months to September rose 13.55 percent year on year to 39.498 billion yuan (US$6.483 billion), while revenue...
  • Court upholds IDC payout to Huawei over monopoly, Xinhua says

    Oct 30, 2013 7:48am
    A court in Guangdong province has ordered US firm InterDigital Communications (IDC) to pay Chinese technology giant Huawei 20 million yuan (US$3.26 million) in compensation for monopolistic practices, Xinhua news agency reported Tuesday. In the final verdict...
  • 400 orders for homegrown C919 aircraft, paper says

    Oct 30, 2013 7:44am
    Commercial Aircraft Corp of China Ltd. has notched up 400 orders for its C919, the first China-made large passenger aircraft, with Industrial Bank Financial Leasing Co. Ltd. signing a contract for 20 on Monday, China Daily...
  • ICBC sees good performance in noble metal trade, paper says

    Oct 30, 2013 7:44am
    Industrial and Commercial Bank of China Ltd. (01398.HK, 601398.CN) saw its noble metal trade exceed 1 trillion yuan ($164.3 billion) in the three quarters to September, achieving its best performance in four years, China Daily reported...
  • China to invest 10 bln yuan on islands restoration, govt says

    Oct 30, 2013 7:41am
    China’s State Oceanic Administration has started an island restoration plan that involves total investment of more than 10 billion yuan (US$1.63 billion) in the next five years, according to information posted on the government’s website Wednesday....
  • Window still open for Alibaba listing in Hong Kong, HKEJ says

    Oct 30, 2013 7:35am
    The Hong Kong stock exchange is studying whether to allow more voting rights for the same shareholding, leaving room for e-commerce giant Alibaba Group Holdings Ltd. to list in the city, the Hong Kong Economic Journal...
  • China ships 347 mln smartphones in Jan-Sept, Sina says

    Oct 30, 2013 7:13am
    The Ministry of Industry and Information Technology said some 347 million smartphones were shipped during the nine months to September, accounting for 74.3 percent of total handset sales in China during the period, news portal sina.com...
  • CIMC 3Q net profit down 34.7% at 424 mln yuan, filing says

    Oct 30, 2013 7:12am
    China International Marine Containers (Group) Co. Ltd. (CIMC, 02039.HK, 000039.CN) posted a net profit of 424 million yuan (US$69.62 million) in the third quarter to September, down 34.7 percent compared to the same period last year,...
  • Mobile shoppers double spending in 3Q, Xinhua says

    Oct 30, 2013 7:11am
    Mainland shoppers spent 34.1 billion yuan (US$5.59 billion) online using their mobile phones in the third quarter, Xinhua reported Tuesday, citing an Analysys International report. The total was 17.1 percent more than the previous quarter and more than...
  • China 3Q B2C e-commerce seen at 162.4 bln yuan, Xinhua says

    Oct 30, 2013 7:10am
    Business-to-consumer (B2C) e-commerce market in China is estimated to have reached 162.4 billion yuan (US$26.66 billion) in the third quarter this year, Xinhua news agency reported Tuesday, citing data from market research firm Analysys International. The figure...

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