Date
19 November 2018

Business

  • SDIC cuts price in Lishen Battery stake sale, paper says

    Nov 25, 2013 1:29pm
    State Development and Investment Corp. has cut the selling price of its 14.03 percent stake in Tianjin Lishen Battery Join-Stock Co. Ltd., the country’s biggest lithium battery maker, China Securities Journal reported Sunday. The stake is being...
  • China seen investing US$500 bln overseas in 5 years, report says

    Nov 25, 2013 1:01pm
    Top leaders in Beijing see good diplomatic relationships with Southeast Asian nations as a key priority, China News Service quoted China’s ambassador to Malaysia Chai Xi as saying Sunday. As China will invest up to US$500 billion...
  • Private bank draft policies submitted to cabinet, paper says

    Nov 25, 2013 12:50pm
    The China Banking Regulatory Commission (CBRC) has submitted draft policy proposals on private banks to the State Council for review and approval, the Shanghai Securities News reported Monday, citing Chen Sheng, deputy director of the CBRC’s...
  • 4G liftoff set for Dec 18, paper says

    Nov 25, 2013 12:32pm
    China will start commercial fourth-generation mobile communication services on Dec. 18, bringing the most advanced telecommunication technology to the country’s more than 1 billion mobile phone users, Shanghai Daily reported on Monday. China Mobile Ltd. (00941.HK), the...
  • Qinhuangdao Port shoots for US$717 mln IPO, paper says

    Nov 25, 2013 12:20pm
    China’s biggest coal port operator by capacity Qinhuangdao Port Co. is raising up to US$717 million in an initial public offering in Hong Kong, the Wall Street Journal reported Monday, citing term sheets for its Dec....
  • Local government debt under control, paper says

    Nov 25, 2013 12:04pm
    Local government debt is controllable and is not likely to trigger a bigger problem, People’s Daily reported Monday, citing Jia Kang, director of the Research Institute for Fiscal Science of the Ministry of Finance. The government’s...
  • Shenzhen tries to lure container lines from HK, SCMP says

    Nov 25, 2013 10:46am
    Shenzhen port authorities are working hard to persuade foreign carriers to skip Hong Kong as a transit hub and do business directly with them, the South China Morning Post reported Monday. Last year about 60 percent of...
  • Huawei hires foreign executives in global push, WSJ says

    Nov 25, 2013 10:42am
    Huawei Technologies Co. Ltd. is recruiting more Western executives and rolling out a long-term incentive program to attract foreign workers as part of its efforts to remake itself into a global brand, the Wall Street Journal...
  • Cinda lines up 10 cornerstone investors in IPO, WSJ says

    Nov 25, 2013 10:35am
    China Cinda Asset Management Co. has lined up 10 cornerstone investors to take up 44 percent of its proposed US$2.46 billion initial public offering, the Wall Street Journal reported on Sunday, citing people familiar with the...
  • Bright Dairy to raise product prices in December, paper says

    Nov 25, 2013 10:28am
    Shanghai-based Bright Dairy and Food Co. Ltd. (600597.CN) will raise some of its dairy products’ prices by up to 9 percent next month amid shortage of high-quality raw milk sources, the National Business Daily reported Monday,...
  • China to trim taxable items for coal firms, paper says

    Nov 25, 2013 10:01am
    The government will reduce taxable items for coal industry players, China Business News reported Monday, citing Yan Tianke, a senior officer at the National Energy Administration (NEA). At present, coal firms in China have to pay...
  • Tug-of-war between coal suppliers and power plants

    Nov 25, 2013 9:39am
    As the year-end draws near, negotiations on thermal coal supply contracts for 2014 between coal mining giants and power generation behemoths are set to begin in China. Both sides have been seeking more bargaining chips before...
  • Central bank sets RMB midpoint firmer at 6.1342

    Nov 25, 2013 9:38am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1342 Monday, 38 pips stronger than the 6.1380 fixing on Friday, according to the China Foreign Exchange Trade System. The renminbi...
  • CSR unit wins projects in Turkmenistan, Xinhua says

    Nov 25, 2013 9:24am
    Motor vehicle manufacturer CSR Ziyang Co.Ltd., a unit of CSR Corp. Ltd. (01766.HK, 601766.CN), signed an agreement with the Ministry of Commerce to be exclusively in charge of projects in Turkmenistan this year, the official Xinhua...
  • Wuhan tightens grip on housing market, Xinhua says

    Nov 25, 2013 9:18am
    The Wuhan municipal government has unveiled seven measures to tighten regulation of the local property market, Xinhua news agency reported over the weekend, citing a city official. Non-local residents who wish to purchase a flat in...
  • China hits back at US claims on WTO tech deal, Reuters says

    Nov 25, 2013 9:17am
    Commerce Minister Gao Hucheng on Sunday slammed the United States as “irresponsible” after Washington accused China of jeopardizing a deal that aims to cut tariffs on technology products, saying Washington had disappointed participants in the talks,...
  • CITIC Real Estate selling stakes in some firms, report says

    Nov 25, 2013 9:17am
    CITIC Real Estate has put up for sale a 51 percent stake in Shanghai Shengbo Real Estate Development Co., the China Securities Journal reported Sunday. The stake has been put on the block at the China...
  • China to push for child safety seats in cars, BLoomberg says

    Nov 25, 2013 9:15am
    China will launch a campaign by the end of this year to encourage parents to use child safety seats in cars, Bloomberg reported Monday. Almost three times as many children died in car accidents in China as...
  • Nissan’s mainland dealer revamp proves effective

    Nov 25, 2013 9:13am
    Adding up sales figures of all of its nine models, Nissan’s Chinese franchise Dongfeng-Nissan once sold less than 20,000 cars a month last year when the company suffered in the wake of Sino-Japanese tensions over the...
  • Ministries highlight bans on collective land, paper says

    Nov 25, 2013 8:48am
    Two central government ministries have underscored a ban on the construction and sale of housing on rural collective sites in an effort to protect farmland, People’s Daily reported Saturday. The ministries responsible for land and urban-rural...

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