Date
27 May 2018

Business

  • Law change makes it easier to sue polluters, paper says

    Oct 23, 2013 7:18am
    A draft amendment to China’s environmental protection law would make it easier to file public interest lawsuits against polluters, China Daily reported Wednesday. Under the proposal, agencies registered with the Ministry of Civil Affairs for at...
  • ZTE expects full-year profit, filing says

    Oct 23, 2013 7:05am
    ZTE Corp. (00763.HK, 000063.CN) posted a net profit of 552 million yuan (US$90.59 million) in the nine months to September, up 132.44 percent from the same period last year, it said in a regulatory filing Tuesday. Revenue...
  • Lenovo, six others face US patent probe, paper says

    Oct 23, 2013 7:04am
    The United States government will investigate Lenovo Group Ltd. (00992.HK) and six other optical product makers for alleged patent infringement, National Business Daily reported Wednesday. The action follows a complaint by a US optical company alleging the...
  • Russia signs US$85 bln China oil supply deal, SCMP says

    Oct 23, 2013 7:02am
    Russia has signed an US$85 billion deal to supply oil to China, the South China Morning Post reported Wednesday. The contract, part of a broader agreement ranging from strategic partnership and international affairs to trade relations,...
  • Mainland bank plans HK listing, WSJ says

    Oct 23, 2013 6:55am
    Bank of Chongqing Co. will begin selling an initial public offering of up to US$591 million in Hong Kong Wednesday, in the first listing by a Chinese lender in almost three years, the Wall Street Journal...
  • SMIC 3Q net profit soars to US$42.5 mln, filing says

    Oct 23, 2013 6:41am
    Semiconductor Manufacturing International Corp. (SMIC) (00981.HK) said its unaudited net profit was US$42.5 million in the third quarter, more than triple the US$12 million gain in the same period last year. Revenue rose 15.8 percent to...
  • Huaneng Power 9-month net profit up 119%, filing says

    Oct 23, 2013 6:33am
    Huaneng Power International Inc. (00902.HK, 600011.CN) said its net profit rose 119 percent year on year to 9.18 billion yuan (US$1.5 billion) in the first three quarters. Revenue for the period fell 0.88 percent to 99.23...
  • New global swap rules worry Hong Kong central bank, WSJ says

    Oct 23, 2013 6:31am
    New rules designed to boost transparency in the global derivatives market could hurt liquidity in Asia unless regulators agree to soften their impact, the Wall Street Journal reported Wednesday, citing a top official from the Hong...
  • Xiami chief executive Wang Hao says the company plans to expand into music services for Taobao and Tmall retailers.

    Small fry Xiami has big online music ambitions

    - Oct 23, 2013 6:00am
    Search engine Baidu, Inc. (BIDU.US) has its dog paw, chat service Tencent Holdings Ltd.(00700.HK) has its QQ penguin and now online shopping giant Alibaba Group has its musical shrimp.  Alibaba’s music streaming and download site Xiami, which literally means dried...
  • HTC chairwoman takes extra duties, WSJ says

    Oct 22, 2013 2:32pm
    HTC Corp. said its chairwoman, Cher Wang, has taken over some duties from chief executive Peter Chou as the Taiwanese smartphone maker continues to struggle with falling market share, the Wall Street Journal reported Monday. Chou is...
  • Baidu may offer 8% return on new investment platform, paper says

    Oct 22, 2013 12:55pm
    Search engine giant Baidu is said to be launching an online wealth management platform in collaboration with China Asset Management Co., aiming to offer a yield of eight percent per year to its customers, the Securities...
  • CNOOC, partners win Brazil oilfield contract, statement says

    Oct 22, 2013 11:56am
    CNOOC Ltd. (00883.HK), as part of a consortium, has won a 35-year production sharing contract to develop an oilfield in Brazil, the company announced in an emailed statement Tuesday. CNOOC Ltd. holds a 10 percent stake...
  • Plentiful coal supplies tipped for final quarter, paper says

    Oct 22, 2013 11:48am
    Mainland coal supplies will remain generally high in the fourth quarter and will only fluctuate as a result of weather conditions, the China Securities Journal reported Monday, citing China Coal Transportation & Sale Society researcher Hao Xiangbin as...
  • Shanghai Electric, Fuji Electric form two JVs, paper says

    Oct 22, 2013 11:44am
    Shanghai Electric Group Co. Ltd. (02727.HK 601727.CN) and Japan’s Fuji Electric Group have agreed to set up two joint ventures, one in manufacturing and the other an engineering company, to complement each other’s leadership position in...
  • PBoC continues to halt to bill, repo sales

    Oct 22, 2013 11:41am
    The People’s Bank of China suspended its regular open market operations on Tuesday, refraining from injecting liquidity into or absorbing it from the market. The central bank hasn’t sold any bills, repurchase agreements (repos) or reverse...
  • Sept home prices surge in most mainland cities, NBS says

    Oct 22, 2013 11:15am
    New-home prices increased in almost all the 70 major mainland cities in September, with Beijing posting a 20.6 percent year-on-year growth, according to data posted on the National Bureau of Statistics’ (NBS) website Tuesday. Of the...
  • Shenzhen set to overtake Hong Kong as No. 3 port, paper says

    Oct 22, 2013 11:05am
    The Port of Shenzhen could overtake Hong Kong as the world’s third-busiest port this year as its container traffic continued to surge, the National Business Daily reported Tuesday. The Shenzhen port handled 17.28 million 20-foot equivalent...
  • Central bank sets RMB midpoint softer at 6.1395

    Oct 22, 2013 9:44am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1395 on Tuesday, 43 pips weaker than the 6.1352 fixing on Monday, according to the China Foreign Exchange Trade System. The...
  • Wumart acquires Beijing underground property, paper says

    Oct 22, 2013 9:40am
    Wumart Stores Inc., the Chinese supermarket operator, has acquired 80,000 square meters of underground space in Beijing’s Shijingshan district for 322 million yuan (US$52.85 million), Beijing Youth Daily reported Tuesday, citing unidentified sources. It acquired the...
  • High hopes, and hurdles, for Shanghai FTZ’s oil futures

    Oct 22, 2013 9:40am
    GF Securities (000776.CN) and Shenyin & Wanguo Securities are some of the early birds that have already obtained licenses or set up operations in the Shanghai Free Trade Zone in the hope that the expected launch...

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