Date
23 July 2019

Business

  • Erdos coal miners halt production amid weak demand, CNS says

    Oct 29, 2013 8:46am
    Some coal miners in Erdos, in northern China’s Inner Mongolia region, have halted production amid weak demand, the China News Service reported Tuesday, citing local government officials. So far, 48 coal mines, accounting for 15.5 percent...
  • GM vegetable oil found in state reserves, CGRC says

    Oct 29, 2013 8:44am
    China Grain Reserve Corp (CGRC) said on Monday that 1,477 tons of vegetable oil made of genetically modified vegetables seeds have been found in the company’s storage facilities. After an inspection, the company found that 994...
  • New home sales up 8% in Shanghai last week, paper says

    Oct 29, 2013 8:44am
    New home sales in Shanghai, excluding government-funded affordable housing, rose 8 percent from the previous week to 357,700 square meters during the seven-day period ending Oct. 27, Shanghai Daily reported Tuesday, citing data from Shanghai Uwin...
  • Glitches cloud Baidu’s debut of investment product, paper says

    Oct 29, 2013 8:22am
    Technical glitches prevented internet users from logging on to a payment service for the widely anticipated debut of Baidu Inc.’s first asset management product on Monday, Shanghai Daily reported Tuesday. Baidu said Baifubao, the payment arm of...
  • China to gauge health impact of dirty air, paper says

    Oct 29, 2013 8:18am
    China will roll out a nationwide air pollution monitoring network over the next three to five years to assess the impact of smog on human health, Beijing Business Today reported Tuesday, citing the National Health and...
  • Anhui Conch Cement’s Jan-Sept net profit up 37%, paper says

    Oct 29, 2013 8:17am
    Anhui Conch Cement Co., Ltd. (00914.HK, 600585.HK) said in an exchange filing on Monday that net profit for the nine months to September rose 36.82 percent year on year to 5.384 billion yuan (US$884.895 million), while...
  • Bank insider admits Yu E Bao has moved market, CNS says

    Oct 29, 2013 8:14am
    Alibaba Group Holding Ltd.’s money market fund, Yu E Bao, has already had a big impact on banking, China News Service reported Monday, citing Yu Jiongling, the Zhejiang branch head of Bank of Communications Co. Ltd....
  • Chinese firm secures Boeing 737 Max parts contract, paper says

    Oct 29, 2013 7:55am
      The Boeing Company has signed a multi-year contract with Aviation Industry Corporation of China (AVIC) for procurement of inboard flaps for the Boeing 737 Max aircraft, China Daily reported Monday, citing an announcement by the...
  • Tonic raises HK$1.92 bln in private placement, filing says

    Oct 29, 2013 7:38am
    Consumer electronics maker and retailer Tonic Industries Holdings Ltd. (00978.HK) sold about 940 million new shares through private placement on Tuesday at the price of HK$2.05 (US 26 cents) per share, a 22.3 percent discount compared...
  • Rise of web-based insurers changes non-life insurance ecology

    Oct 29, 2013 7:30am
    Non-life insurers saw an average 20 percent earnings growth in the first three quarters, according to the China Insurance Regulatory Commission. Although that’s a decent expansion clip, the rise of web-based players is posing an increasing threat...
  • Realty sector rolling in dough as Shanghai FTZ craze catches on

    - Oct 29, 2013 7:28am
    The unit price of a nondescript office building in Waigaoqiao {外高橋}, Shanghai’s faraway suburban district that is close to virtually nothing but some container berths, can skyrocket almost threefold within just two months to 35,000 yuan...
  • Net profit up at China Everbright Bank, paper says

    Oct 29, 2013 7:01am
    China Everbright Bank Co., Ltd. (601818.CN) said Monday that it made 21.7 billion yuan (US$3.566 billion) in net profit in the first nine months, a rise of 13.87 percent year on year, the Economic Information Daily...
  • Govt to unveil action plan on prefab homes in 2014, paper says

    Oct 29, 2013 6:53am
    The national housing authority will unveil next year an action plan to promote prefabricated construction of residential projects, the China Securities Journal reported Tuesday, citing an unnamed official. The policy is likely to be piloted in...
  • Chongqing Rural Commercial Bank 3Q profit up 12.7%, filing says

    Oct 29, 2013 6:52am
    Chongqing Rural Commercial Bank Co. Ltd. (03618.HK) posted on Monday a net profit of 1.53 billion yuan (US$251.4 million) for the three months to September, up 12.7 percent from a year earlier but down 4.4 percent...
  • Suning invests in video website PPTV, paper says

    Oct 29, 2013 6:28am
    Suning Commerce Group Co. Ltd. (002024.CN), the country’s largest electronic products retailer, will invest US$420 million in video website PPTV.com, along with private-equity firm Hony Capital Ltd., to further integrate its resources in content and distribution...
  • Vanke to put HK$3 bln in Huishang Bank IPO, HKEJ says

    Oct 29, 2013 6:16am
    Property developer China Vanke Co. Ltd. (000002.CN) will invest more than HK$3 billion (US$386.92 million) in Huishang Bank Co., Ltd.’s initial public offering, becoming a cornerstone investor and its largest shareholder after the IPO, the Hong...
  • Cloud technology poses risk to internal data, expert says

    Oct 28, 2013 7:20pm
    Cloud computing and mobile technology are the top risks companies face in their internal audit because sensitive data may get exposed, Richard Chambers, president and chief executive of the Institute of Internal Auditors, said. Internal auditors...
  • Sohu posts US$65 mln net loss in 3Q, statement says

    Oct 28, 2013 6:10pm
    Sohu.com Inc. (SOHU.US), a Chinese online media company, recorded a net loss of US$65 million for the three months to September after paying a special dividend of US$82 million to shareholders of Sogou, its search engine unit. Total revenue...
  • New armor to protect e-shoppers, consumer group says

    Oct 28, 2013 6:06pm
    Revised regulations approved last week to protect consumer rights will help reduce conflicts in the e-commerce market, an industry group said Monday. “We have noticed that online consumption is developing very rapidly. At the same time,...
  • HSI rebounds after four-day losing streak

    Oct 28, 2013 5:19pm
    Hong Kong’s benchmark Hang Seng Index ended a four-day losing run to end at 22,806 points Monday, up 108 points. The Hang Seng China Enterprises Index finished 80 points higher at 10,258. The Shanghai Composite Index...

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