Date
22 July 2019

Business

  • Local banks in Shanghai see slower new loans growth, Xinhua says

    Nov 15, 2013 8:07am
    Domestic financial institutions in Shanghai reported slower growth in new loans in October, while their foreign-funded counterparts saw an increase, Xinhua news agency reported late Thursday, citing data from the Shanghai office of the People’s Bank...
  • China’s capital markets to enter new phase of growth, CSRC says

    Nov 15, 2013 7:31am
    Xiao Gang {肖鋼}, chairman of the China Securities Regulatory Commission (CSRC), said the nation’s capital markets are entering a new era of growth after their important role in economic development was reaffirmed in the just-concluded third plenary session...
  • Hangzhou sees new highs in retail space cost, report says

    Nov 15, 2013 7:26am
    Hangzhou has seen fresh records being set for retail shop space, with two shops recently being sold for 305 million yuan (US$50.07 million) and 265 million yuan respectively, news website zjol.com reported Thursday. The two shops...
  • Ping An cleared for 26 bln yuan convertible bonds, filing says

    Nov 15, 2013 7:26am
    Ping An Insurance (Group) Co. of China Ltd. (02318.HK, 601318.CN) said on Thursday that it has received approval from the China Securities Regulatory Commission for issuance of 6-year convertible bonds worth 26 billion yuan (US$4.27 billion)....
  • Assets requirement raised for OTC board investors, paper says

    Nov 15, 2013 7:25am
    Authorities have completed the preparations for the New Third Board, an expanded over-the-counter trading market designed for growth enterprises, and are awaiting approval from the State Council to launch it, China Securities Journal reported Friday, citing unnamed sources. New...
  • NDRC announces cut in petrol and diesel prices, HKEJ says

    Nov 15, 2013 7:19am
    China’s National Development and Reform Commission (NDRC) announced Thursday a cut in domestic fuel prices, the Hong Kong Economic Journal reported. Petrol price has been lowered by 160 yuan (US$26.27) a ton while diesel price has been...
  • Chinese buying 47% of luxury goods worldwide, Xinhua says

    Nov 15, 2013 7:07am
    Chinese people’s consumption of luxury goods may reach US$102 billion this year, accounting for as much as 47 percent of the expected sales of such items worldwide, the official Xinhua news agency reported late Thursday, citing...
  • China electricity consumption up 9.5% in October, Xinhua says

    Nov 15, 2013 6:51am
    China’s electricity consumption in October rose 9.5 percent to 437.5 billion kilowatt-hours (kWh) from a year earlier, the official Xinhua news agency reported on Thursday. However, the growth rate was slower than the 10.4 percent rise in...
  • CSRC to tighten supervision over dividend payouts, report says

    Nov 15, 2013 6:37am
    The China Securities Regulatory Commission (CSRC) voiced dissatisfaction with the distribution of dividends among listed companies, and warned it will tighten supervision of firms that have not handed out dividends for a long time, news website China.com.cn reported...
  • Wong Mei-han, regional director of Jones Lang LaSalle, says Hong Kong investors are flocking to property markets in London and Japan. Photo: Jones Lang LaSalle

    Jones Lang sees strong appetite for London properties

    - Nov 15, 2013 6:00am
    Wealthy Hong Kong and mainland investors are snapping up properties in London, the most sought-after destination, due to attractive returns and low transaction costs while Japan is also emerging as an investment hotspot, according to real...
  • Foreign ownership cap in Chinese banks stays, CBRC says

    Nov 14, 2013 7:16pm
    China will maintain a 25 percent cap on total foreign ownership in any single Chinese commercial bank, the country’s banking regulator said on its website Thursday. Investors that own a stake in Chinese banks should hold the...
  • HSI rides Tencent gains, Yellen talk

    Nov 14, 2013 5:54pm
    Hong Kong stocks rebounded Thursday, cheered by news the United States will not taper its bond buying program any sooner than expected. The benchmark Hang Seng Index edged up 0.82 percent to close at 22,649 points....
  • China still top gold consumer ahead of India in 3Q, WSJ says

    Nov 14, 2013 3:22pm
    China remained the world’s leading gold consumer in the third quarter, extending a demand gap against India, which is usually the No. 1 consumer of the precious metal, the Wall Street Journal reported on Thursday, citing...
  • Insurance regulator reshuffles leadership deck, paper says

    Nov 14, 2013 2:10pm
    The China Insurance Regulatory Commission announced a new leadership team one day after the Central Committee’s plenary session, the 21st Century Business Herald reported Thursday. Xiang Junbo {項俊波} retains his position as chairman, while Zhou Yanli...
  • Suning nears launch of online mutual funds, paper says

    Nov 14, 2013 1:43pm
    Brick-and-mortar retailer Suning Appliance Co., Ltd. (002024.CN) will roll out a range of online mutual fund products later this month in collaboration with China Universal Asset Management and GF Fund Management Co., Ltd., the China Securities...
  • PBoC drains 15 bln yuan from interbank market

    Nov 14, 2013 1:42pm
    The People’s Bank of China has drained a net 15 billion yuan (US$2.47 billion) from the interbank market this week, abstaining from its regular open market operations Thursday. The central bank offered 9 billion yuan of...
  • Ministry raises entry barriers for shipbuilders, paper says

    Nov 14, 2013 12:03pm
    The Ministry of Industry and Information Technology has tightened requirements for firms entering the shipbuilding industry in a bid to eradicate overcapacity and promote sustainable development in the sector, the China Securities Journal reported Thursday. According...
  • Yum Brands Oct China same-store sales down 5%, filing says

    Nov 14, 2013 12:01pm
    Yum Brands Inc., which operates the KFC and Pizza Hut restaurant chains, saw a 5 percent decline in same-store sales in October in its China division, improving from the 11 percent fall recorded in the previous...
  • CNOOC mulls LNG terminal in Canada, paper says

    Nov 14, 2013 11:49am
    CNOOC Ltd. (00883.HK) is considering building a liquefied natural gas plant and terminal to export the fuel from Canada’s Pacific coast to Asia, Shanghai Daily reported on Wednesday, citing a statement from the company. Nexen Energy, CNOOC’s...
  • ‘Competition needed’ to break CRC’s rail lock, paper says

    Nov 14, 2013 11:47am
    China’s rail sector should be opened up to competition to break China Railway Corporation’s (CRC) monopoly, the 21st Century Business Herald reported Thursday, citing Li Kun, an official from the National Development and Reform Commission. Railway...

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