Date
21 April 2019

Business

  • Local rail investment almost triples in first 9 mths, paper says

    Oct 17, 2013 9:43am
    Investment in local railways almost tripled during the nine months to September, rising to 1.404 billion yuan (US$230.226 million), up 1.044 billion yuan or 289.2 percent year on year, Economic Information Daily reported Thursday. Wang Mengshu, from the...
  • Wal-Mart to close 50 stores in China and Brazil, paper says

    Oct 17, 2013 9:34am
    United States retail giant Wal-Mart Stores Inc. will close some 50 underperforming stores in China and Brazil, Beijing Times reported on Thursday, citing the company’s annual investor meeting on Wednesday. Wal-Mart China, which currently owns 400 stores...
  • China eyes measures to promote wind power, paper says

    Oct 17, 2013 9:33am
    China is considering new measures to further promote the development of wind power, the China Securities Journal reported Thursday, citing Shi Lishan, deputy director general of the new energy department under the National Energy Administration. Under...
  • Daphne 3Q same-store sales down 18.1%, filing says

    Oct 17, 2013 9:32am
    Shoe retailer Daphne International Holdings Ltd. (00210.HK) said in a regulatory filing late Wednesday same-store sales at its core brands business declined 18.1 percent in the third quarter from a year earlier. The weak performance was...
  • Alibaba tops China as most profitable web firm, paper says

    Oct 17, 2013 9:29am
    Chinese e-commerce giant Alibaba Group Holdings has surpassed Tencent Holdings Ltd. (00700.HK), China’s largest listed internet company, and become the most profitable domestic internet firm in the three months ended June 30, Beijing Times reported Thursday,...
  • Ningbo Port launches shipping-focused insurance firm, paper says

    Oct 17, 2013 9:21am
    Ningbo Port Co., Ltd. (601018.CN) said it will team up with Shanghai International Port Group Co., Ltd. (600018.CN) and the People’s Insurance Company of China (PICC) to set up a professional insurance company specializing in the shipping...
  • Beijing eases price curbs on new housing projects, paper says

    Oct 17, 2013 9:20am
    Beijing’s housing bureau has relaxed pre-sale price restrictions on new residential projects in the capital city, the 21st Century Business Herald reported Thursday, citing an unnamed developer. The limit on presale price increases between different batches...
  • Shanghai banks upbeat about operating conditions, paper says

    Oct 17, 2013 9:19am
    The Shanghai Bureau of the China Banking Regulatory Commission said optimism is growing in the local banking industry about the operating environment, the Securities Times reported Thursday, citing a Q3 survey of 190 financial institutions in...
  • Ping An Life Jan-Sept premium at 114.94 bln yuan, filing says

    Oct 17, 2013 9:03am
    Ping An Insurance (Group) Company of China Ltd. (02318.HK, 601318.CN) said in a regulatory filing late Wednesday that gross premium income from its subsidiary Ping An Life Insurance Company of China Ltd. reached 114.94 billion yuan...
  • Thermal coal price rises for first time in a year, paper says

    Oct 17, 2013 8:56am
    The benchmark price of thermal coal in the Bohai rim rose in the week ended Tuesday, marking the first increase in almost a year, National Business Daily reported Thursday, citing data from the Qinhuangdao Port’s online...
  • China to regulate TCM ingredients, Xinhua says

    Oct 17, 2013 8:49am
    China’s drug watchdog has acted to regulate the 17 markets of traditional Chinese medicine (TCM) ingredients and banned the opening of new markets, Xinhua news agency reported Wednesday. The China Food and Drug Administration (CFDA), along with...
  • Ex-NPC official proposes floating rate for HK$, paper says

    Oct 17, 2013 8:45am
    Cheng Siwei, former vice chairman of the Standing Committee of the National People’s Congress, has proposed Hong Kong adopt a floating exchange rate regime, Singtao Daily reported Thursday. The Hong Kong dollar’s peg to the US...
  • 332188_7368137a947f80515a73877abd13a35a.jpg

    The Big Picture: DEBT ACCORD

    - Oct 17, 2013 8:44am
    Asian equities markets, including China, are expected to rise, following gains in bourses in the United States and Europe after an agreement was reached between U.S. Senate Majority Leader Harry Reid and Minority Leader Mitch McConnell...
  • Apple to cut iPhone 5c orders for Taiwan assemblers, WSJ says

    Oct 17, 2013 8:41am
    Apple Inc. has told its two Taiwan assemblers, Pegatron Corp. and Hon Hai Precision Industry Co., that it will cut orders this quarter for the iPhone 5c, which has not gained popularity since its launch last...
  • Tencent moves to monetize WeChat

    Oct 17, 2013 8:40am
    Chinese actor Chen Kun is said to have made 7 million yuan (US$1.15 million) through his WeChat account in just one day. Chen did it by adding a member’s fee function to his WeChat pubic platform,...
  • Fuel price changes unlikely this week, Chinanews says

    Oct 17, 2013 8:38am
    The government is unlikely to follow up its Sept. 30 fuel price cuts with more adjustments to retail prices of gasoline and diesel on Friday, Chinanews.com reported Thursday, citing analysts. Under the new mechanism in which...
  • Residential land supply up 28.4% in Jan-Sept, report says

    Oct 17, 2013 8:33am
    China’s residential land supply rose 28.4 percent to 91,700 hectares in the nine months to September compared with a year earlier, Xinhua news agency reported Wednesday, citing data from the Ministry of Land and Resources. Land supply...
  • Li signs decree on urban drainage, sewage treatment, Xinhua says

    Oct 17, 2013 8:26am
    Premier Li Keqiang has signed a decree on urban drainage and sewage treatment to address the growing problems of flooding and water pollution at a time of rapid urbanization, Xinhua news agency reported Wednesday. The decree, which...
  • The real boom in Shanghai’s free trade zone

    Oct 17, 2013 8:07am
    There are high hopes among many for the trade and financial reform benefits to stream from the Shanghai free trade zone (FTZ). There are also serious doubts about whether the country can take the hits of...
  • Maanshan Iron to cut 3.6 bln yuan in costs this year, paper says

    Oct 17, 2013 7:51am
    Anhui-based Maanshan Iron & Steel Co. Ltd. (00323.HK, 600808.CN) aims to save 3.6 billion yuan (US$590.27 million) this year through cost cuts, helping the company to improve profit, the Securities Times reported Thursday, citing chairman Ding...

EJI Weekly Newsletter

Please click here to unsubscribe