Date
19 February 2019

Business

  • Steel giant totally unexcited about govt’s M&A push

    Oct 2, 2013 10:53am
    Miao Wei {苗圩}, China’s Minister of Industry and Information Technology, is said to have written a letter recently to Xu Lejiang {徐樂江}, chairman of Shanghai Baosteel Group Corp. (600019.CN), calling on the nation’s top steelmaker to...
  • Taiwan allows investment in Fujian petrochem zone, paper says

    Oct 2, 2013 10:51am
    Taiwan’s Executive Yuan said will allow seven firms from the island to jointly invest in a plant at the planned petrochemical zone on the Gulei Peninsula in Zhangzhou, Fujian province, the Economic Daily News reported Wednesday,...
  • KKR-Qingdao Haier deal plugs into mutual benefits

    Oct 2, 2013 9:57am
    Global investment fund KKR has all the signs of being bullish about China. Shortly after the company struck a US$140 million deal with China Modern Dairy (01117.HK) to farm cattle, KKR agreed to buy a stake...
  • Oct 1 railway traffic exceeds 10 mln passengers, Xinhua says

    Oct 2, 2013 9:54am
    The China Railway Corporation (CRC) said Wednesday a total of 10.327 million passengers traveled by rail on Tuesday, the start of the National Day “Golden Week” holiday, setting a historical high for daily train traffic, the...
  • Foreign agencies can’t wait to tap outbound tourism boom

    Oct 2, 2013 9:47am
    It has only been days since Shanghai’s free trade zone opened for business and already, foreign travel agencies cant’ wait to offer full-on services in the area. The prize: China’s booming outbound tourist industry. Foreign tour...
  • Hua Han FY profit down 66.1% at HK$223 mln, filing says

    Oct 2, 2013 9:36am
    Hua Han Bio-Pharmaceutical Holdings Ltd. (00587.HK) said in a regulatory filing on Tuesday its net profit for the fiscal year to June dropped 66.1 percent to HK$223 million (US$28.75 million) from a year earlier. It attributed...
  • Retailers welcome China ‘forced shopping’ trip ban, HKEJ says

    Oct 2, 2013 9:30am
    Gold and jewelry retailer Chow Sang Sang Holdings International Ltd. (00116.HK) said China’s ban on “forced shopping” trips, a move stipulated under the nation’s new tourism ordinance, will benefit companies like itself as tourists will no...
  • Protectionism focus moves to e-car charging facilities

    Oct 2, 2013 9:20am
    China has changed the rules of game to prop up its fledgling new-energy vehicle industry by handing out subsidy directly to the carmakers rather than coursing it through local authorities as it did in the past. But the...
  • Dairies raise prices as raw milk costs surge, Xinhua says

    Oct 2, 2013 9:16am
    Prices of liquid milk products have been on the rise this year in Shandong, Inner Mongolia and Hebei, among other regions as the cost of raw milk has increased due, in part, to higher beef prices,...
  • China Fortune taps Legend Capital as key investor, HKEJ says

    Oct 2, 2013 9:04am
    Diamond seller China Fortune Investments (Holding) Ltd. (08116.HK) said it has signed a memorandum of understanding with Legend Capital Management Ltd., a venture capital fund established by Legend Holdings Ltd., the parent of Lenovo Group Ltd....
  • Ctrip may gain from stronger Qunar platform, SCMP says

    Oct 2, 2013 8:45am
    Ctrip.com International, China’s largest online travel agency, may be an unintended beneficiary of the proposed US$125 million initial public offering by Qunar.com, the travel search engine controlled by Baidu, the South China Morning Post reported on...
  • Mainland tour groups down 30% on Oct 1, paper says

    Oct 2, 2013 8:43am
    Only 250 mainland tourist groups visited Hong Kong on Tuesday, the first day of the week-long National Day holiday in the mainland, marking a 30 percent drop from last year’s 360 groups, the Southern Metropolis Daily...
  • Taiwan expects 40% fewer cross-strait group tourists, paper says

    Oct 2, 2013 8:36am
    The number of mainland tourists visiting Taiwan in groups during the National Day holiday is expected to be about 20,100, or around 40 percent fewer than the 33,927 recorded a year earlier, the Commercial Times reported...
  • Fewer through gate at Shenzhen theme parks, paper says

    Oct 2, 2013 8:32am
    Several major Shenzhen tourist attractions reported surprise falls in the number of visitors on Tuesday, the first day of the week-long National Day holiday, the Southern Metropolis Daily reported Wednesday. The Happy Valley and Window of the...
  • Over 300,000 cross Macau border checkpoints Oct 1, paper says

    Oct 2, 2013 7:59am
    The first day of the October 1 National Day “Golden Week” holiday has seen over 300,000 people cross the three Macau border checkpoints with mainland China, with around 55 percent of them being tourists from the...
  • Top leaders in group study at Beijing hi-tech park, Xinhua says

    Oct 2, 2013 7:33am
    China’s top leadership held a group study Monday at Beijing’s Zhongguancun Science Park, which is often referred to as China’s Silicon Valley, marking the first time such a study has been held outside the central authority’s seat...
  • HKEx may launch RMB after-hours futures trading, paper says

    Oct 2, 2013 7:27am
    Hong Kong Exchanges & Clearing Ltd. (HKEx) (00388.HK) plans to include renminbi currency futures in after-hours trading, aiming to snatch market share from the Chicago Mercantile Exchange, the Hong Kong Economic Journal reported Wednesday, citing a...
  • Home appliance giants have a good reason for banking foray

    Oct 2, 2013 7:26am
    One after another, Chinese home appliance giants have been outlining their intention to venture into the banking business. The list, which includes Suning Commerce Group (002024.CN), GD Midea Holding (000527.CN) and Gree Electric Appliances (000651.CN), does not...
  • Rate reform in Shanghai FTZ will lay bare local debt problem

    Oct 2, 2013 7:24am
    Legendary US investor Warren Buffet once said that “only when the tide goes out you do discover who has been swimming naked.” This well-known and oft-quoted maxim may come true in the newly-established Shanghai Pilot Free...
  • Oct 1 tourist traffic up 24.1% on year, paper says

    Oct 2, 2013 7:23am
    China’s 122 key tourist spots have reported a combined visitor traffic of 66.69 million as of 5 pm during the first day of the National Day holiday period, representing a year-on-year growth of 24.1 percent, People’s...

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