Date
17 January 2019

Business

  • BOCHK sets sights on mobile bank account payments

    - Oct 8, 2013 6:45pm
    BOC Hong Kong (Holdings) Ltd. (02388.HK) expects to be able to launch smartphone services for bank accounts in the future but the rollout will depend on the response of its clients, a top manager said on Tuesday...
  • China Overseas Land to meet HK investors on bond sale

    Oct 8, 2013 1:57pm
    China Overseas Land & Investment Ltd. (00688.HK) will meet investors in Hong Kong on Wednesday for a proposed bond issue, according to a document obtained by EJ Insight. The property developer will be represented by chief...
  • Country Garden meets 2013 sales target in 9 months, filing says

    Oct 8, 2013 1:43pm
    Property developer Country Garden Holding Co. Ltd. (02007.HK) said in a regulatory filing on Tuesday that its contracted sales for the nine months ended Sept. 30 totaled 64.7 billion yuan (US$10.58 billion), surpassing the 62 billion...
  • China may open T-bond futures to banks, insurers, paper says

    Oct 8, 2013 1:08pm
    The China Financial Futures Exchange may let financial institutions such as banks and insurance companies trade treasury bond futures in a bid to invigorate the sluggish market, the Securities Times reported Tuesday. There has been little...
  • Investors face uphill for trading blunder damages, paper says

    Oct 8, 2013 12:41pm
    Investors have only a slim chance of winning a collective compensation claim against Everbright Securities Co. Ltd. (601788.CN) over trading irregularities that triggered a sharp jump in the Shanghai Composite Index on Aug. 16, the Beijing...
  • PBoC sells 65 bln yuan reverse repos, statement says

    Oct 8, 2013 12:36pm
    China’s central bank sold 65 billion yuan (US$10.6 billion) of reverse repurchase agreements (repos) on Tuesday, releasing liquidity into the market after the weeklong National Day holiday. The People’s Bank of China issued the seven-day notes...
  • Shenyang Chemical to buy Bluestar unit, filing says

    Oct 8, 2013 12:28pm
    Shenyang Chemical Industry (000698.CN) said it will pay 705 million yuan (US$115.21 million) to buy a polyether polyol unit from China National Bluestar (Group) Co. Ltd., according to a regulatory filing to the Shenzhen stock exchange Tuesday....
  • Golden Week sees boom in wedding business

    Oct 8, 2013 11:34am
    Li, a netizen from Anhui, said on his Weibo account that he wasn’t able to do anything during the week-long national holiday except attend weddings. The statement went viral as many people had pretty much the...
  • RMB 8th most traded currency in August, SWIFT says

    Oct 8, 2013 11:08am
    China’s renminbi became the world’s eighth most traded currency in August, up from 11th spot in January last year, financial cooperative SWIFT said in a report Tuesday. The renminbi was the 12th most widely used currency...
  • Cross-strait bank JV eyed for Zhongguancun, paper says

    Oct 8, 2013 11:04am
    Bank of Beijing Co. Ltd. (601169.CN) has approached Taiwan Business Bank about setting up a specialty bank in Beijing’s Zhongguancun science and technology park, Economic Daily News reported Tuesday, citing the government-owned Taiwanese lender. Bank of Beijing...
  • China Mobile may delay launch of new Apple iPhones, Sina says

    Oct 8, 2013 10:43am
    China Mobile Ltd. (00941.HK) may delay the launch of Apple Inc.’s latest iPhone 5S and 5C smartphones, as the Ministry of Industry and Information Technology (MIIT) has yet to issue 4G licenses and the carrier needs...
  • Wuliangye sets floor price for white wine, paper says

    Oct 8, 2013 10:35am
    Luxury liquor maker Wuliangye Yibin Co. Ltd. (000858.CN) has set the minimum price for its white wine product with 52-percent alcohol concentration at 659 yuan (US$107.64) and warned distributors that their dealership will be taken away...
  • NEA solar support policy out soon, paper says

    Oct 8, 2013 10:32am
    The National Energy Administration (NEA) is expected to unveil support measures for the solar power industry after completing a public consultation, Beijing Business Today reported Tuesday, citing an unnamed industry executive. The NEA has received feedback...
  • Retail sales may stay weak for rest of the year

    Oct 8, 2013 10:28am
    Hong Kong’s retail sales rose 8.1 percent in August, the slowest growth so far this year. Together with the end of the gold-buying frenzy, restrictions on infant formula sales, the implementation of a new tourism law...
  • A tale of two record land auctions

    Oct 8, 2013 10:21am
    Within days of each other, Sun Hung Kai Properties Ltd. (SHKP) (00016.HK) and Sunac China Holdings Ltd. (01918.HK) paid record auction prices last month for sites in Shanghai and Beijing, respectively. After the dust settled, SHKP...
  • Sinopec set to turn tables on PetroChina

    Oct 8, 2013 10:17am
    Sinopec Group, parent of China Petroleum & Chemical Corp. (00386.HK), recently received the official nod for two multibillion-dollar coal-to-gas projects. If these go according to plan, they will help turn the tide for the state energy...
  • Wal-Mart eyes acquisitions to boost market share, paper says

    Oct 8, 2013 9:38am
    Wal-Mart Stores Inc. plans to boost its market share through acquisitions in Chinese cities where it has not gained either of the top two rankings in sales, Beijing Youth Daily reported Tuesday, citing Scott Price, chief...
  • Central bank sets RMB midpoint firmer at 6.1415

    Oct 8, 2013 9:35am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1415 on Tuesday, 65 pips stronger than the 6.1480 fixing on Sept. 30, the last trading day before the week-long National...
  • Holiday road, waterway travelers up 6% at 615 mln, Xinhua says

    Oct 8, 2013 9:23am
    The number of passengers taking road and waterway transportation during the seven-day National Day holiday rose 6 percent to about 615 million from a year earlier, the official Xinhua news agency reported Monday, citing data from...
  • Yum Brands eyes new-look Little Sheep restaurants, paper says

    Oct 8, 2013 9:18am
    Yum Brands Inc., owner of the KFC and Pizza Hut chains, plans to open six new-look Little Sheep hot pot restaurants in China by the end of the year, Southern Metropolis Daily reported Tuesday, citing Samuel...

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