Date
23 January 2019

Business

  • About 37.5 bln yuan shares to be unlocked this week, Xinhua says

    Dec 23, 2013 7:59am
    About 37.5 billion yuan (US$6.13 billion) worth of shares from 20 companies will be unlocked and be available for trading on the Shanghai and Shenzhen stock exchanges this week, Xinhua news agency reported over the weekend,...
  • Qinghai sets up first technology VC fund, Xinhua says

    Dec 23, 2013 7:50am
    Qinghai in northwest China has set up the province’s first technology venture capital fund in Xi Ning to help grow innovative start-ups, Xinhua news agency reported Monday. The fund, with 100 million yuan (US$16.3 million) in...
  • China achieves subsidized housing target for 2013, paper says

    Dec 23, 2013 7:49am
    China has reached its target for the construction of subsidized housing this year, with the number of units that have started construction reaching 6.66 million as of the end of November, Shanghai Securities News reported Monday, citing data...
  • China Railway Corp. debt hits 3.06 trln yuan, paper says

    Dec 23, 2013 7:39am
    China Railway Corp. had outstanding debt of 3.06 trillion yuan (US$504.02 billion) as of end-September, while its assets reached 4.84 trillion yuan, the Economic Information Daily reported Monday, citing unidentified industry insiders. For this year, investment...
  • Guangzhou to slash number of state-owned firms, paper says

    Dec 23, 2013 6:50am
    Guangzhou aims to consolidate the number of state-owned enterprises (SOEs) in the city, currently 130, to about 40 in three years, Nanfang Daily reported Saturday, citing unidentified sources. As part of the plan, the Municipal Supervision and Administration...
  • Alibaba IPO problems have highlighted the need for Hong Kong to revisit its listing rules. Photo: Bloomberg

    HK must rethink its rules to lure new-age tech IPOs, experts say

    - Dec 23, 2013 6:45am
    Hong Kong should change its stock market listing rules to incorporate either a five-year-term requirement for company directors or a dual-class share structure with limited board rights if the city wants to attract more flotations of technology...
  • Tianjin unveils car purchase restrictions, Xinhua says

    Dec 23, 2013 6:36am
    Tianjin in northern China will issue a total of 100,000 car license plates through bidding and lottery each year while providing no quota for government organizations and institutions, Xinhua news agency reported over the weekend, citing...
  • China’s raw steel production seen up 2-3% next year, paper says

    Dec 23, 2013 6:25am
    China’s raw steel production is likely to reach 782 million metric tons this year and may grow 2-3 percent next year to 800 million metric tons, China Business News reported Sunday, citing Zhang Changfu, deputy head...
  • Mainland liquidity fears weigh on HSI

    Dec 20, 2013 5:41pm
    The Hang Seng Index was dragged down Friday by fears of a mainland cash crunch. Hong Kong’s benchmark index gave up 76 points, or 0.34 percent, to end at 22,812 for the day. The index has...
  • Takeover to put HKT in prime 4G position

    Dec 20, 2013 4:53pm
    Hong Kong telco HKT (06823.HK) stands to become the city’s largest telecom operator — if only it can gobble up rival CSL New World Mobility Limited (CSLNW). HKT, a subsidiary of PCCW Ltd. (00008.HK), announced Friday...
  • Mainland analysts say Xi Jinping's bigger role in economic reform has been driven by the need to wade into the so-called deep-water zone of vested interests. Photo: Bloomberg

    WEEKENDER: Xi takes economic helm to steer reform

    - Dec 20, 2013 4:46pm
    When the Chinese Communist Party’s Central Committee announced it was setting up two top-level committees at the end of its third plenum last month, the common view among China watchers was that the one on security...
  • Everbright Bank slips in HK debut on bad debt concerns, WSJ says

    Dec 20, 2013 3:06pm
    China Everbright Bank Co. shares fell on their first day of trading in Hong Kong Friday, reflecting investors’ concerns about mainland banks’ bad debt levels, the Wall Street Journal reported. The lender, which raised US$3 billion...
  • China key money market rate at 6-month high, WSJ says

    Dec 20, 2013 2:41pm
    Interest rates in China’s money markets jumped Friday to levels last seen during the cash crunch in the summer, as banks continue to struggle to raise funds in the interbank market, the Wall Street Journal reported. The...
  • China wind power looks for lift from offshore push

    Dec 20, 2013 2:25pm
    The Oracle of Omaha’s latest green power play is a sign that the winds of recovery are blowing through one US renewable energy sector. MidAmerican Energy, the electricity unit of American investor Warren Buffett’s Berkshire Hathaway,...
  • Bank staff said to have connived in loan fraud, Xinhua says

    Dec 20, 2013 12:59pm
    Staff at some major Chinese banks are said to have proactively encouraged clients who were ineligible for certain loans to approach intermediaries and secure fake documents to see their applications through, Xinhua news agency reported late...
  • Food safety focus of agri meeting next week, paper says

    Dec 20, 2013 12:23pm
    China’s top agriculture policymakers are expected to meet next week to set direction for the year ahead, the 21st Century Business Herald reported Friday, citing an unidentified source from the State Council’s Development Research Center. The...
  • Australia gives nod to China State Grid power buys, Tencent says

    Dec 20, 2013 12:04pm
    The Australian government has approved State Grid Corp of China’s A$5 billion (US$4.44 billion) bid to buy into two Australian power companies, news portal Tencent Finance reported Friday. State Grid will take a 19 percent stake in...
  • President Chain Store exiting Muji (Taiwan), report says

    Dec 20, 2013 11:00am
    President Chain Store Corp., operator of the 7-Eleven convenience stores in Taiwan, said in a regulatory filing Thursday that it will sell its entire 51 percent stake in retail chain operator Muji (Taiwan) Co. Ltd. to...
  • Hershey to buy 80% of Shanghai Golden Monkey Food, paper says

    Dec 20, 2013 10:44am
    US chocolate and candy maker Hershey says it will buy an 80 percent stake in confectioner Shanghai Golden Monkey Food Co. Ltd. for an undisclosed sum, Shanghai Daily reported Thursday, citing a joint statement by the...
  • Regulator to revise trust firm rating system, paper says

    Dec 20, 2013 10:24am
    China’s banking regulator will tighten oversight of trust companies by changing the license rating system, Securities Times reported Thursday, citing Min Luhao, a deputy inspector of its non-banking department. The new policy will affect 68 incumbent...

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