Date
20 July 2019

Business

  • 4G network costs weigh down China Mobile

    Oct 22, 2013 9:32am
    China Mobile Ltd. (00941.HK) announced after market close Monday weaker earnings for the first nine months of the year. The world’s biggest mobile carrier, which has more than 755 million subscribers, said its net profit edged down...
  • Spanish bank crisis spells opportunity for Chinese lenders

    Oct 22, 2013 9:19am
    The bad loan ratio of Spanish lenders soared to a record 12.1 percent in August, according to the Bank of Spain, the country’s central bank. The ratio’s ascent had slowed in recent months but it continued...
  • Alibaba-Tencent war over messaging apps escalates, paper says

    Oct 22, 2013 9:15am
    The war between Alibaba Group Holdings and Tencent Holdings Ltd. (00700.HK) on social messaging services has escalated after Alibaba chairman Jack Ma set a mandatory expansion target for his firm’s own instant messaging application, Ming Pao...
  • Rongsheng posts 1.32 bln yuan loss for Jan-Sept, filing says

    Oct 22, 2013 8:32am
    China Rongsheng Heavy Industries Group Holdings Ltd. (01101.HK) said on Monday that it incurred a net loss of 1.32 billion yuan (US$215.95 million) for the first nine months of this year, on revenue of 2.13 billion...
  • JPMorgan China wins fund sales license, paper says

    Oct 22, 2013 8:28am
    JPMorgan China has won approval to sell funds in China, making it the first Beijing-incorporated foreign bank to do so, China Securities Journal reported Tuesday, citing a company announcement. The bank will sell renminbi money market...
  • China life insurers more promising than foreigners, paper says

    Oct 22, 2013 8:26am
    China’s 47 life insurers as a whole are better than their foreign peers in operating capability, business potential and risk management, even though they do not perform well in indicators such as net profit and operating...
  • Coalbed gas output target seen hard to achieve, paper says

    Oct 22, 2013 7:41am
    Production and usage of coalbed methane gas are currently growing at a slower pace in China and some industry insiders are beginning to worry whether the government’s output target can be achieved in the current five-year...
  • Hon Hai to make nanotech smartphones in Guizhou, paper says

    Oct 22, 2013 7:29am
    Taiwan’s Hon Hai Precision Industry Co. Ltd., which is ready to begin building its fourth-generation industrial park in Guian development zone in China’s Guizhou province, will use nano technology to manufacture smartphones at the park, China...
  • CSRC may extend margin trading contract period, paper says

    Oct 22, 2013 7:28am
    The China Securities Regulatory Commission (CSRC) is likely to extend the contract period between brokers and their clients for margin trading and short selling to one year from current six months, the Shanghai Securities News reported...
  • Trust China’s upper crust to protect the family pie

    Oct 22, 2013 7:27am
    A group of Chinese billionaires, who can easily muster more than 10 billion yuan (US$1.64 billion) in combined wealth, reportedly paid a visit to the United States this month. But their trip wasn’t to see the...
  • China Mobile net profit dips 1.9% in first 9 months, filing says

    Oct 22, 2013 7:17am
    China Mobile Ltd. (00941.HK) posted a net profit of 91.5 billion yuan (US$15.01 billion) in the first nine months, down 1.9 percent from the same period last year, it said in a regulatory filing Monday. Revenue...
  • Three eyed for farm land use rights reform, paper says

    Oct 22, 2013 7:14am
    Hangzhou, Suzhou and Guangzhou’s Nansha district are expected to make the first batch of pilot areas for land management reform, China Securities Journal reported Tuesday, citing an unnamed official. The reform will allow farm land use rights...
  • POLICY WATCH: Beijing takes the knife to industrial excess

    - Oct 22, 2013 7:13am
    Five years. That’s how long China is giving itself to cut overcapacity in a range of industries regarded as some of the biggest obstacles to economic reform. To get there, Beijing has mapped out a route...
  • Shanghai drafts plans for wider use of IT, paper says

    Oct 22, 2013 6:54am
    Shanghai is drafting policies to encourage the wider use of all kinds of information technology, Shanghai Daily reported Tuesday, citing the Shanghai Commission of Economy and Information Technology. The policies are expected to be ready by the end...
  • Alibaba in talks with London bourse after HK snub, SCMP says

    Oct 22, 2013 6:43am
    Alibaba is considering a London listing as part of its potential US$15 billion share-sale plan, the South China Morning Post reported Tuesday, citing unnamed sources. Senior executives at the firm met British officials during last week’s visit...
  • NDRC sees tight natural gas supply this winter, paper says

    Oct 22, 2013 6:29am
    China faces tight supply of natural gas in the peak winter months after consumption spiked in the first three quarters, National Business Daily reported Tuesday, citing Lian Weiliang, deputy director of the National Development and Reform Commission...
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    Singapore granted 50 bln yuan RQFII quota, MAS says

    - Oct 22, 2013 6:00am
    China will extend its renminbi qualified foreign institutional investor (RQFII) program to Singapore, granting it an aggregate quota of 50 billion yuan (US$8.16 billion), the Monetary Authority of Singapore (MAS) said in an emailed statement on...
  • Asia to see slow Basel III bond supply, Fidelity says

    - Oct 21, 2013 5:15pm
    Asia will see a rather slow issuance of Basel III-compliant bonds after the first of its kind came into place early this month, Fidelity Worldwide Investment said. Asian lenders boast stronger domestic deposit bases and cash...
  • Subsidies ease stress on overgrazed grasslands, govt says

    Oct 21, 2013 3:06pm
    The central government has allocated a combined 44.58 billion yuan (US$7.31 billion) in subsidies to herders to not overgraze animals on pastoral and semi-pastoral areas across China in the past three years, the government said on its...
  • Consumer rights bill to raise payouts, Xinhua says

    Oct 21, 2013 2:40pm
    China’s top legislature is set to vote this week on revisions to the country’s consumer rights law that promise higher compensation for consumer losses, Xinhua reported Monday. The bill was tabled for a third reading on Monday to...

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