Date
21 February 2019

Business

  • HK TV Network to lay off 320 staff, filing says

    Oct 16, 2013 9:53am
    Multimedia firm Hong Kong Television Network Ltd. (01137.HK) will lay off 320 staff, according to a regulatory filing Wednesday morning. The retrenchments came after the Chief Executive in Council rejected the company’s application for a free-to-air TV...
  • Margin trades, short selling hit new highs, paper says

    Oct 16, 2013 9:41am
    Outstanding margin trading and short selling by securities brokers have broken through the 300 billion yuan (US$48.86 billion) mark after the securities regulator expanded the stock pool for such transactions, the 21st Century Business Herald reported...
  • GOME on higher growth track for Jan-Sept, filing says

    Oct 16, 2013 9:32am
    GOME Electrical Appliances Holding Ltd. (00493.HK) recorded year-on-year growth in sales revenue for the first nine months, the company said in an exchange filing Tuesday ahead of a results announcement next month. GOME’s physical stores are...
  • China to weigh up changes to environment law, website says

    Oct 16, 2013 8:52am
    The National People’s Congress will review changes to the Environmental Protection Law next week, information provider Aastocks.com reported Wednesday, citing unnamed sources. The revisions to the law, first since its enactment in 1989, call for public...
  • Do foreign supermarkets really understand the China market?

    Oct 16, 2013 8:47am
    China’s huge and fast-growing consumer market has been a powerful magnet that attracts lots of foreign investment. While offering huge potential, this market, however, is also very tricky. “Sourcing” is synonymous with the supermarket business in...
  • Lenovo and HTC could make a great pair

    Oct 16, 2013 8:45am
    Consolidation is rapidly changing the landscape of the smartphone market as competition continues to intensify.  First, Microsoft gobbled up the former mobile phone giant Nokia, then Blackberry went private. And now, rumor has it that Lenovo Group...
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    The Big Picture: WARMER TIES

    - Oct 16, 2013 8:40am
    There are two major implications of China’s decision to allocate 80 billion yuan (US$13.1 billion) in quotas to Britain under the renminbi qualified foreign institutional investor (RQFII) scheme, and Britain’s plan to lower entry barriers for...
  • New foreign-funded firms down 12.7% in 3Q, govt says

    Oct 16, 2013 8:34am
    The number of newly registered foreign-funded companies in China fell 12.73 percent to 9,100 in the third quarter from a year earlier, according to data released Tuesday by the State Administration of Industry and Commerce (SAIC)....
  • NDRC raises grid prices for gas-powered electricity, paper says

    Oct 16, 2013 8:33am
    The National Development and Reform Commission said Tuesday that it will lower electricity grid prices across 27 provinces by up to 2.5 fen per kilowatt/hour, and raise grid prices for electricity generated by natural gas in...
  • Cargo throughput in major ports up 10.3% in Jan-Sept, govt says

    Oct 16, 2013 8:28am
    Cargo throughput in the nation’s major ports rose 10.3 percent year on year to 7.94 billion metric tons in the nine months to September, compared with a 9.9 percent growth in the first half and 6.3...
  • Cabinet acts on overcapacity in five sectors, Xinhua says

    Oct 16, 2013 7:44am
    The State Council, the country’s cabinet, has identified five major sectors facing serious production overcapacity, namely cement, electrolytic aluminum, sheet glass, shipping and steel, the official Xinhua news agency reported Tuesday, citing a set of guidelines on...
  • China to make deep cuts into steel capacity, website says

    Oct 16, 2013 7:21am
    China is planning to eliminate 80 million metric tons of steel capacity in the next five years in a fresh effort to tackle air pollution, Caixin.com reported Wednesday, citing State Council guidelines. The campaign will mainly...
  • China to sell two nuclear reactors to Pakistan, WSJ says

    Oct 16, 2013 7:20am
    Pakistan will buy two large nuclear power reactors from longtime ally China in a US $9.1 billion deal that has raised concern in Washington that Beijing is overstepping international rules on transferring nuclear technology, the Wall...
  • China boosts US debt holdings despite default risk, SCMP says

    Oct 16, 2013 7:08am
    Beijing appears to be slowly adding to its holdings of US Treasuries despite the looming risk of a US debt default, the South China Morning Post reported Wednesday. Solid inflows of foreign capital into China’s capital...
  • State firms urged to raise brand value, report says

    Oct 16, 2013 7:07am
    The central government has urged state-owned enterprises to focus on strengthening their brand value, noting that the lack of world-renowned brands is the most serious weakness of China’s SOEs, Xinhua news agency reported on Tuesday. Although 45...
  • Shanghai FTZ to unveil new futures trading platform, paper says

    Oct 16, 2013 7:04am
    The Shanghai free trade zone is about to launch China’s fifth futures exchange, which will mainly engage in trading of energy futures, the Shanghai Securities News reported Wednesday, citing unspecified sources. The new exchange will be...
  • S&P sees big risks ahead from Chinese banks’ loans, paper says

    Oct 16, 2013 7:03am
    China’s domestic banks are at risk of a significant rise in losses from loans over the next few years and some smaller lenders may face a serious downturn in their financing business and liquidity, Economic Information...
  • Alibaba, Intime couple up for double online date to remember

    Oct 16, 2013 6:40am
    Rumor has it that Alibaba Group, the Goliath of China’s e-commerce world, will hold a joint press conference with department store chain Intime Retail (Group) Co. Ltd. (01833.HK) on Thursday to announce a tie-up for Alibaba’s...
  • Hangzhou suspends land-use transfers again, paper says

    Oct 16, 2013 6:38am
    The government of Hangzhou, Zhejiang province, has suspended its approval for the transfer of land use for two plots on the former site of the city’s normal university over unspecified planning issues, National Business Daily reported...
  • CIRC to assist Taiwan insurers in mainland expansion, paper says

    Oct 16, 2013 6:34am
    The China Insurance Regulatory Commission (CIRC) will help Taiwan insurers meet their capital needs to expand in the mainland, although the issue of whether to raise the ceiling for their cross-strait investment remains undecided, Economic Daily News reported Wednesday, citing...

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