Date
20 August 2018

Business

  • Agile’s growth formula doesn’t work anymore

    - Nov 6, 2013 11:02am
    A focus on mid- to high-end housing within its home region for larger profit margins. That was the business model that shot Agile Property Holdings Ltd. (03383.HK) to fame not too many years ago, helping the...
  • Ping An Life considered Empire State purchase, website says

    Nov 6, 2013 10:31am
    Ping An Life Insurance Co. of China Ltd. considered buying New York’s iconic Empire State Building but dropped the idea after weighing up maintenance costs, news website caixin.com reported Tuesday, citing chairman Ding Dang. The insurer...
  • Three regions eyed for carbon credit trading, Xinhua says

    Nov 6, 2013 10:20am
    Carbon credit trading could start actual operation in Beijing, Shanghai and Guangdong by the end of the year, the official Xinhua news agency reported Tuesday, citing Jie Zhenhua, deputy director of the National Development and Reform Commission....
  • Honda Motor sets up R&D unit for China market, Kyodo says

    Nov 6, 2013 9:55am
    Honda Motor Co. Ltd. has established a new operation called Honda Motor (China) Co. Ltd. in Guangzhou to strengthen its auto research and development, parts purchase and manufacturing capabilities in the mainland, Kyodo News reported Tuesday....
  • Central bank sets RMB midpoint softer at 6.1475

    Nov 6, 2013 9:46am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1475 Wednesday, 28 pips weaker than the 6.1447 fixing on Tuesday, according to the China Foreign Exchange Trade System. The renminbi...
  • China may face milk shortage in 2015, report says

    Nov 6, 2013 9:29am
    China may face a milk shortage in 2015 amid rapid demand growth, National Business Daily reported late Tuesday, citing market research firm Mintel. Milk demand is expected to increase 8.2 percent annually in the five years to...
  • China Railway Construction wins big Nigeria deal, filing says

    Nov 6, 2013 9:20am
    China Railway Construction Corp. (01186.HK, 601186.CN) said in a regulatory filing Tuesday that its unit China Civil Engineering Construction Corp. has recently won a five-year contract worth US$1.07 billion in Nigeria. Under the deal, the company will...
  • Hengan shows surprising resilience after sell-down

    Nov 6, 2013 9:18am
    When an insider offloads shares, the market tends to react negatively. So, it came as a surprise when Hengan International (01044.HK) held up rather well after executive director and main shareholder Xu Chunman {許春滿} sold down his...
  • Trust assets top 10 trn yuan but growth slows, paper says

    Nov 6, 2013 9:00am
    Assets managed by trust firms in China reached 10.13 trillion yuan (US$1.66 trillion) at the end September, the Shanghai Securities News reported Wednesday, citing data released by the China Trust Industry Association. However, third-quarter growth slowed to...
  • Strong housing demand may prompt new property curbs, paper says

    Nov 6, 2013 8:59am
    China may roll out new measures to curb property prices as housing demand remains high, fueling record sales at major property developers in October, the National Business Daily reported Wednesday. Evergrande Real Estate Group (03333.HK) booked...
  • Air China to see some shares emerge from lock-up, filing says

    Nov 6, 2013 8:41am
    Air China Ltd. (00753.HK, 601111.CN) said in a regulatory filing Tuesday that some shares held by its controlling shareholder Air China Group will emerge from lock-up and begin circulating from November 12. The shares total 129.53...
  • Wahaha taps into Chinese white liquor market, Xinhua says

    Nov 6, 2013 8:31am
    Hangzhou Wahaha Group Co. Ltd. is entering the Chinese white liquor market with the launch of its own brand manufactured in Maotai town of Guizhou province, Xinhua news agency reported on Tuesday, citing the beverage giant’s...
  • Furniture malls hit back at Alibaba’s O2O model

    Nov 6, 2013 8:16am
    Just as Alibaba Group boss Jack Ma {馬雲} was regaling Premier Li Keqiang {李克強} last Thursday with examples of his e-commerce platforms’ achievements, the brick-and-mortar malls hit back. The China National Furniture Association announced that 19 major furniture mall...
  • Chongqing Steel output up 12.2% in Jan-Oct, filing says

    Nov 6, 2013 8:15am
    Chongqing Iron & Steel Co. Ltd. (601005.CN) said in a stock exchange filing on Wednesday its steel output reached 4.49 million metric tons in the 10 months to October, up 12.24 percent from a year ago....
  • File photo of a steel worker operating a furnace at a steel manufacturing plant in Hefei

    The Big Picture: DELEVERAGING PHASE

    Nov 6, 2013 8:07am
    China’s central bank said Tuesday that the nation’s economy is set for a long period of deleveraging and elimination of excess capacity, and pointed out that the key will be to ensure a stable monetary and...
  • Supermarket operators find the going rough

    Nov 6, 2013 7:55am
    Two well-known supermarket chains in Beijing and Shanghai — Beijing Jingkelong (00814.HK) and Lianhua Supermarket (00980.HK) — continued to perform poorly in the third quarter, leading to nearly 50 percent profit decline in the first nine...
  • Take a bow, Baidu, for sizzling Qunar IPO

    Nov 6, 2013 7:54am
    It took a mere 22 seconds for online travel portal Qunar.com (QUNR.US) to set its US market debut alight. In that flash of time on Nov. 1, the stock hit its maximum daily trading limit, triggering...
  • CSCL sells 55% stake in unit for 75.6 mln yuan, filing says

    Nov 6, 2013 7:53am
    China Shipping Container Lines Co. Ltd. (CSCL) (02866.HK, 601866.CN) has sold a 55 percent stake in its fully owned subsidiary Lianyungang New Oriental International Container Wharf Co. Ltd. for 75.63 million yuan (US$12.40 million), according to...
  • NDRC halts approvals for some coal-gas projects, paper says

    Nov 6, 2013 7:40am
    The National Development and Reform Commission has suspended approvals for some coal-to-gas projects amid tightening gas supply, National Business Daily reported Wednesday, citing an official notice. Projects without steady gas resources have been put on hold,...
  • Shanghai posts 57% surge in new syndicated loans, paper says

    Nov 6, 2013 7:38am
    Shanghai posted a 57 percent increase in new syndicated loans in the third quarter from the previous year on strong demand from the real estate and construction sectors, Shanghai Daily reported Wednesday. Banks lent 48.8 billion yuan...

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