Date
23 July 2018

Business

  • SOHO scales back its landlord ambitions in Shanghai

    Nov 14, 2013 8:34am
    SOHO China (00410.HK) chairman Pan Shiyi {潘石屹} has confirmed reports the commercial property developer plans to dispose of three projects in Shanghai. Speaking through his microblog earlier this week, Pan called for calmness among investors, saying it’s...
  • Dalian Wanda delays bond offering, WSJ says

    Nov 14, 2013 8:28am
    Property and entertainment conglomerate Dalian Wanda Group Corp. has postponed a plan to issue international bonds because of poor appetite from investors and market volatility, the Wall Street Journal reported Wednesday, citing people close to the...
  • US Treasury Secretary Lew to visit China this week, Xinhua says

    Nov 14, 2013 8:27am
    United States Treasury Secretary Jacob Lew will pay a visit to China from Friday to Saturday, Xinhua news agency reported Wednesday, citing the Chinese foreign ministry. The US official will meet top Chinese leaders and government...
  • Taobao acts as third-party provider in fund sales, CSRC says

    Nov 14, 2013 8:07am
    Alibaba Group Holding Ltd. has registered its online shopping platform Taobao.com as a third-party information system to provide supplementary services in fund sales, the China Securities Regulatory Commission (CSRC) said on its official microblog on Wednesday. Taobao, Baidu...
  • Zijin buys back 29 mln H shares, filing says

    Nov 14, 2013 8:04am
    Zijin Mining Group Co. Ltd. (02899.HK, 601899.CN) said in an exchange filing on Wednesday that it bought back a second block of H shares on Wednesday after its first repurchase round on August 21. Zijin bought...
  • Alipay e-wallet to be spun off as independent brand, paper says

    Nov 14, 2013 8:00am
    Alipay e-wallet, the mobile payment service under Alibaba Group Holding Ltd.’s third-party online payment platform Alipay, will be spun off as an independent brand, Shanghai Securities News reported Thursday, citing Alipay head Fan Zhiming. Alipay e-wallet,...
  • Xiamen Airlines fleet expanding to 100, Xinhua says

    Nov 14, 2013 7:55am
    Xiamen Airlines’ fleet will expand to 100 aircraft after a new Boeing 737-800 is delivered to the carrier on Saturday, Xinhua news agency reported late Wednesday, citing a company source. Xiamen Airlines will then have the largest...
  • Vice premier urges stepped-up drive against piracy, Xinhua says

    Nov 14, 2013 7:06am
    Vice Premier Wang Yang has called for a stepped-up campaign against piracy and counterfeit goods, saying violators must face criminal punishment and not just fines, Xinhua news agency reported on Wednesday. The third plenary session of the 18th...
  • ICBC sells 2 bln yuan bonds in London, report says

    Nov 14, 2013 6:56am
    Industrial and Commercial Bank of China Ltd. (ICBC) (01398.HK, 601398.CN), the country’s largest lender, has issued 2 billion yuan (US$326 million) worth of bonds in London, Xinhua news agency reported on Wednesday. The sale includes 1.3 billion...
  • CNPC buys Peru oil and gas assets for US$2.6 bln, Xinhua says

    Nov 14, 2013 6:37am
    China National Petroleum Corporation (CNPC), the country’s largest oil and gas producer and supplier, will pay US$2.6 billion for oil and gas assets in Peru, Xinhua news agency reported on Wednesday, citing a press release from its listed...
  • Oct fiscal income up 16.2% at 1.21 trillion yuan, MoF says

    Nov 14, 2013 6:29am
    The government’s fiscal revenue in October rose 16.2 percent to 1.21 trillion yuan (US$198.58 billion) from a year earlier, according to data published Wednesday on the website of the Ministry of Finance. Central government revenue increased...
  • Baidu sued for 300 mln yuan over illegal video links, paper says

    Nov 14, 2013 6:25am
    An alliance of online video providers has sued search giant Baidu Inc. for allegedly providing illegal links to more than 10,000 copyrighted videos on its website, and is seeking 300 million yuan (US$49.22 million) in damages, China Securities...
  • Tencent 3Q net profit up 20%, filing says

    Nov 13, 2013 6:45pm
    Tencent Holdings Ltd. (00700.HK) posted a net profit of 3.88 billion yuan (US$628.9 million) in the third quarter, up 20.1 percent from a year earlier, it said in a regulatory filing Wednesday. Revenue rose 34.3 percent to...
  • HSI tumbles on bad loan data

    Nov 13, 2013 5:59pm
    Hong Kong stocks lost nearly 2 percent Wednesday as investors dumped banking counters after a spike in a key bad loan data. The benchmark Hang Seng Index retreated 1.9 percent to close at 22,463 points. The Hang...
  • High anxiety for Tencent’s Pony Ma at head of tech herd

    Nov 13, 2013 3:09pm
    Tencent (00700.HK) CEO Pony Ma {馬化騰} may be head of the first mainland internet company to pass the US$100 billion market-cap mark but he’s far from complacent about the achievement. Quite the opposite. Ma told a forum...
  • Commercial banks’ 3Q NPL ratio rises to 0.97%, CBRC says

    Nov 13, 2013 1:56pm
    Chinese commercial banks saw their non-performing loan ratio increase to 0.97 percent in the third quarter, the highest in more than two years, the China Banking Regulatory Commission said on its website Wednesday. The figure is...
  • Oil futures promoter moves into FTZ, paper says

    Nov 13, 2013 12:39pm
    A company tasked with promoting mainland crude oil futures to offshore players has been registered in Shanghai’s free trade zone with 5 billion yuan (US$820.832 million) in capital, the China Securities Journal reported Tuesday, citing sources from the...
  • Yili in strategic tie-up with Sterilgarda Alimenti, paper says

    Nov 13, 2013 12:14pm
    Inner Mongolia Yili Industrial Group Co. (600887.CN) said Tuesday that it has entered into a strategic partnership with Italian dairy produce company Sterilgarda Alimenti S.p.A, and that the pair will discuss cooperation for liquid milk business...
  • Pudong airport completes fourth runway, paper says

    Nov 13, 2013 12:04pm
    Work has finished on the fourth runway at the Pudong International Airport, which will open for service next year, Shanghai Daily reported on Tuesday, citing the city’s airport authority. The new runway will enable the airport to handle...
  • Tianjin aerospace output seen at 100 bln yuan in 2015, MIIT says

    Nov 13, 2013 11:35am
    Tianjin’s aerospace industry is likely to see its output reach 100 billion yuan (US$16.27 billion) in 2015, a four-fold rise from the level seen at end-2009, according to a document posted on the website of the...

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