Date
11 December 2018

Business

  • Ukraine may get US$3 bln China loan for irrigation, report says

    Oct 2, 2013 7:16am
    Ukraine is in talks with China to receive a US$3 billion loan under government guarantees from the Export-Import Bank of China to resume irrigation of farmland in the south of the former communist Black Sea country,...
  • New air quality warning system for Beijing, Tianjin, Xinhua says

    Oct 2, 2013 7:06am
    China plans to pilot an air quality warning system in the heavily polluted cities of Beijing, Tianjin and surrounding areas next month, Xinhua news agency reported on Tuesday. Citing a document released jointly by the China Meteorological...
  • Holiday sales rise 8.3% for key Beijing retailers, paper says

    Oct 2, 2013 7:06am
    The Beijing Municipal Commission of Commerce said National Day sales rose 8.3 percent year on year at 110 key retail outlets in the capital, the Beijing News reported Wednesday. Despite rain hitting the city for most...
  • Hutchison Whampoa may spin off Watsons, paper says

    Oct 2, 2013 6:43am
    Hutchison Whampoa Ltd. (00013.HK) may spin off its retail unit Watsons and list it on the Hong Kong stock exchange’s main board after the sale of the conglomerate’s ParknShop grocery chain, the Hong Kong Economic Times...
  • Timberland will add more stores to meet rising demand from the Chinese middle class

    INTERVIEW: Timberland to open up to 70 stores in China next year

    - Oct 2, 2013 6:35am
    Timberland LLC, a United States-based maker of footwear, clothing and accessories, plans to open 60 to 70 more stores in China in 2014 to meet growing demand from the middle class in the world’s second-largest economy, a...
  • POLICY WATCH: A smarter way to unknot China’s traffic jams

    - Oct 2, 2013 6:33am
    China’s big cities are notorious for their traffic jams but Beijing is betting that a Ministry of Transport-led alliance will go a long way to getting people and goods from A to B more quickly and...
  • Foxconn may ship Apple products directly on mainland, Sina says

    Oct 2, 2013 6:22am
    Taiwan’s Foxconn Technology Group may help its major client, Apple Inc., with logistics and after-sales service on the mainland, including shipping Apple products locally, the Sina Technology website reported Tuesday, citing an unnamed supplier quoted by...
  • Home prices up in major Chinese cities in Sept, report says

    Oct 1, 2013 1:44pm
    The average price of new homes in 100 major Chinese cities rose 1.07 percent from August to 10,554 yuan (US$1,724) per square meter in September, representing a 16th consecutive monthly gain, according data posted on real...
  • Beijing Capital Land mulls 3 bln yuan bonds sales, filing says

    Oct 1, 2013 12:39pm
    Beijing Capital Land Ltd. (02868.HK) is considering selling up to 3 billion yuan (US$490.25 million) bonds in mainland China in one or more tranches, according to a filing to the stock exchange late Monday. The bonds...
  • HSBC unit secures 800 mln yuan RQFII quota, paper says

    Oct 1, 2013 12:37pm
    HSBC Global Asset Management (Hong Kong) Ltd., an investment management subsidiary of HSBC Holdings Plc (00005.HK), was granted 800 million yuan (US$130.75 million) quota under China’s Renminbi Qualified Foreign Institutional Investor (RQFII) program, Ming Pao Daily...
  • Cigarette brand recognition high among children, report says

    Oct 1, 2013 12:26pm
    Eighty-six percent of Chinese children were able to identify at least one cigarette brand logo, Xinhua news agency reported Tuesday, citing a new research by University of Maryland School of Public Health and Johns Hopkins Institute...
  • Power Assets to benefit from HK business spinoff

    Oct 1, 2013 11:56am
    Power Assets Holdings (00006.HK) is seeking to raise as much as US$5 billion by spinning off its Hong Kong electricity arm through an initial public offering (IPO). If the deal goes through, it would mark the...
  • Zhong An Real Estate applies to spin off unit, filing says

    Oct 1, 2013 11:48am
    Zhong An Real Estate Ltd. (00672.HK) intends to spin off its China New City Commercial Development Ltd. unit and list it separately on the Hong Kong stock exchange’s main board, the company said in a regulatory...
  • Foreign-invested entertainment venues allowed in FTZ, paper says

    Oct 1, 2013 11:26am
    Foreign-invested entertainment venues will be allowed to operate in the Shanghai Free-Trade Zone under a trial scheme, the People’s Daily reported Monday, citing a statement from the Ministry of Culture. The ministry will also allow joint-venture,...
  • Taiwan banks cut cross-strait remittance fees, paper says

    Oct 1, 2013 11:20am
    Two Taiwan banks have cut processing fees for cross-strait remittances to reflect lower costs following the launch Monday of the island’s new foreign currency settlement platform, Apple Daily reported Tuesday, citing the banks. First Commercial Bank...
  • Ikea selling China-made household solar systems, report says

    Oct 1, 2013 11:09am
    Swedish retailing giant Ikea Group began selling in Southampton household solar systems made by China’s Hanergy Solar Group Ltd. (00566.HK), Sina Finance news portal reported Monday, citing the company. The retailer plans to offer the product...
  • KKR buys 10% of Qingdao Haier for 3.38 bln yuan, report says

    Oct 1, 2013 11:06am
    Qingdao Haier Co. Ltd. (600690.CN) said Monday that it has agreed to sell around 300 million A-shares, equivalent to 10 percent stake, to US investment company KKR & Co L.P. via a private share placement, Panorama...
  • BMW Brilliance to recall 75,832 5-series cars, govt says

    Oct 1, 2013 11:03am
    BMW Brilliance Automotive Inc. plans to recall a total of 75,832 cars in China from Nov. 29 due to a potential circuit problem of the tail light sets that may be a safety concern, according to...
  • Qunar travel service files for US$125 mln IPO, Bloomberg says

    Oct 1, 2013 11:02am
    Qunar Cayman Islands Ltd., an online travel service provider controlled by mainland search engine firm Baidu Inc., aims to raise as much as US$125 million in the biggest US initial public offering by a Chinese company...
  • Japanese tourists in China down 25.5% in August, Kyodo says

    Oct 1, 2013 10:56am
    The number of Japanese tourists visiting China in August dropped 25.5 percent to 267,000 from a year earlier, Kyodo news agency reported Monday, citing China’s National Tourism Administration. The decline, the 14th month in a row,...

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