Date
19 May 2019

Business

  • Germans carmakers think small in China, WSJ says

    Oct 1, 2013 8:52am
    German luxury auto makers are stepping up plans to offer a wider selection of small cars and sport-utility vehicles in China, the Wall Street Journal reported on Monday. Producing smaller, made-in-China luxury cars in the country means...
  • CNOOC secures oil production license in Uganda, Xinhua says

    Oct 1, 2013 8:50am
    China National Offshore Oil Corporation (CNOOC) said Monday that it has secured approval from the Ugandan government for an oil production license at the Kingfisher oilfield, Xinhua news agency reported. The win marked the first independent...
  • Smaller carmakers face squeeze from ‘lemon law’, Reuters says

    Oct 1, 2013 8:50am
    A beefed-up vehicle warranty law that takes effect in China on Tuesday is likely to raise costs for smaller local players that may add to pressure for eventual consolidation in the nation’s fragmented car industry, Reuters...
  • Beijing public buildings to pay for more energy use, paper says

    Oct 1, 2013 8:48am
    Public buildings in Beijing will pay progressively higher rates for utilities such as electricity and water under a tiered pricing system designed to conserve resources, Beijing News reported Tuesday, citing a draft plan posted for public consultation...
  • Toshiba may close TV manufacturing plant in China, Sina says

    Oct 1, 2013 8:42am
    Japan’s Toshiba Corp. will close two of its three television manufacturing plants in China, Indonesia and Poland by March 2014, the Sina Technology website reported Monday, citing a company statement. The company also said it will...
  • China smartphone, tablet sales remained strong in 2Q, paper says

    Oct 1, 2013 8:40am
    Consumers in mainland China spent a total of 157.77 billion yuan (US$25.8 billion) on smartphones, tablets and laptop personal computers in the second quarter, purchasing a combined 92.37 million units, the South China Morning Post reported...
  • ‘Worm grass’ may die out due to over-exploitation, paper says

    Oct 1, 2013 8:34am
    The caterpillar fungus, a cash cow for Tibetans, may die out in China in two decades due to over-exploitation on the Qinghai-Tibet Plateau, Shanghai Daily reported Monday, citing experts. Diggers of the yellowish fungus, also known...
  • Draft document issued on foreign bank capital rules, paper says

    Oct 1, 2013 8:31am
    The China Banking Regulatory Commission (CBRC) said on Monday that it has proposed to set the minimum registered capital requirement for foreign banks or sino-foreign banks in China at 1 billion yuan (US$163.38 million), the Securities...
  • Anhui Conch told to improve anti-pollution systems, Xinhua says

    Oct 1, 2013 8:00am
    Anhui Conch Cement Co. Ltd. (00914.HK, 600585.HK) has been told by China’s Ministry of Environmental Protection to improve its pollutant emission control systems after the company failed to meet the required standards, Xinhua news agency reported...
  • Chalco HK to transfer Chalco Iron Ore stake, filing says

    Oct 1, 2013 7:36am
    Aluminum Corporation of China Ltd. (Chalco) (02600.HK, 601600.CN) said on Monday that its wholly-owned subsidiary Chalco Hong Kong Ltd. plans to transfer to an affiliate the 65 percent equity interest it holds in Chalco Iron Ore...
  • 5 cities barred from water-polluting projects, Xinhua says

    Oct 1, 2013 7:29am
    Five cities have been barred from launching projects that risk causing water pollution after they failed to meet pollution control targets, Xinhua news agency reported Monday, citing a spokesman of the Ministry of Environmental Protection. The districts and...
  • HK renminbi deposits hit record high in August, paper says

    Oct 1, 2013 7:29am
    Renminbi deposits in Hong Kong rose 2.1 percent to a record 709.5 billion yuan (US$115.9 billion) in August from the previous month, the Hong Kong Economic Journal reported Tuesday, citing data from banks. The figure is...
  • Shenzhen tests first live TV broadcast via 4G, Sina says

    Oct 1, 2013 7:25am
    Shenzhen Satellite TV aired the mainland’s first live outside news broadcast using 4G technology on Monday, news portal Sina.com reported Tuesday. A 4G data card was used to transmit video footage from outside the studio, replacing...
  • Mingsheng Bank to write off 80 mln yuan in NPLs, filing says

    Oct 1, 2013 7:01am
    China Minsheng Banking Corp. Ltd. (01988.HK, 600016.CN) said in a regulatory filing Monday that its board has agreed to write off non-performing loans worth about 79.43 million yuan (US$12.97 million), including interest. The final amount will...
  • China cracks down on illegal mobile news apps, Xinhua says

    Oct 1, 2013 6:58am
    The State Internet Information Office has punished a number of uncertified mobile news applications, some of which distributed pornography and “false information”, Xinhua reported Monday, citing a statement from the office. The apps included Zaker, mobee, chouti,...
  • China’s software copyright registrations soar, Xinhua says

    Oct 1, 2013 6:51am
    New software copyright registrations reached 140,000 in 2012, up 27.33 percent from the previous year, Xinhua news agency said Monday, citing a report by the Copyright Protection Center of China. Eastern regions accounted for 80 percent of...
  • Zijin Mining registers 10 bln yuan bond quota, filing says

    Oct 1, 2013 6:42am
    Zijin Mining Group Co. Ltd. (02899.HK, 601899.CN) said in a regulatory filing Monday the National Association of Financial Market Institutional Investors has approved its registration of medium-term bonds worth a combined 10 billion yuan (US$1.63 billion) which will...
  • Govt extends 3,000 yuan green-car subsidy, Xinhua says

    Oct 1, 2013 6:37am
    The central government has extended a subsidy program that ended Monday for buyers of energy-saving cars with engine sizes of 1.6 liters or smaller, Xinhua reported Monday, citing a joint statement issued by the Ministry of...

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