Date
13 December 2019

Business

  • BASE launches 4G in Belgium with help from ZTE Corp, paper says

    Nov 5, 2013 12:03pm
    ZTE Corp. (00763.HK, 000063.CN) said it has helped BASE Company, the Belgian subsidiary of Dutch mobile operator KPN, launch 4G services across 15 cities in Belgium, the China Securities Journal reported Monday. BASE became the second...
  • Developers buy 3 Beijing sites for 3.7 bln yuan, website reports

    Nov 5, 2013 12:01pm
    Three land plots were sold in Beijing recently for a combined 3.7 billion yuan (US$606.72 million), news website house.hexun.com reported Monday. Poly Real Estate Group Co. Ltd. (600048.CN) and affiliates secured a site in Chaoyang district...
  • China Vanke’s Oct sales up 11% to 17.35 bln yuan, website says

    Nov 5, 2013 11:44am
    Property developer China Vanke Co., Ltd. (000002.CN) said it sold 1.677 million square meters of floor space for 17.35 billion yuan (US$2.85 billion) during October, up 11.43 percent over the previous month, news website finance.china.com.cn reported...
  • PBoC sells 8 bln yuan reverse repos, statement says

    Nov 5, 2013 11:31am
    China’s central bank sold 8 billion yuan (US$1.31 billion) of reverse repurchase agreements on Tuesday to inject liquidity into the interbank market. The People’s Bank of China (PBoC) issued the seven-day securities at a 4.10 percent...
  • 8 EIA agencies lose licenses on irregularities, govt says

    Nov 5, 2013 11:19am
    Eight environmental impact assessment (EIA) agencies had their licenses canceled after they were found to have committed serious violations of regulations, including providing false documents and obtaining qualifications by deception, the Ministry of Environmental Protection said...
  • British Columbia debuts 2.5 bln yuan CNH bond, statement says

    Nov 5, 2013 11:11am
    Canada’s British Columbia has issued 2.5 billion yuan (US$410 million) of offshore yuan-denominated bonds, becoming the first foreign government to tap the so-called CNH debt market, the provincial finance ministry said in a statement Tuesday. The...
  • Shenzhen launches farm wholesale price index, Xinhua says

    Nov 5, 2013 10:46am
    The Shenzhen Produce Exchange has launched a farm produce wholesale price index for 40 main agricultural products, the official Xinhua news agency reported Monday. The Qianhai-China Farm Produce Wholesale Price Index uses data from 26 wholesale...
  • Japanese business group seeks Shanghai FTZ details, Kyodo says

    Nov 5, 2013 10:46am
    A Japanese business group has asked the municipal overseers of Shanghai’s month-old free trade zone for details on measures to be implemented in the area, Kyodo news agency reported Monday. The Shanghai Japan Club of Commerce...
  • Ten more entities allowed in inter-bank bond market, paper says

    Nov 5, 2013 10:43am
    As many as ten foreign financial institutions, including the Indonesian and UK units of Industrial and Commercial Bank of China (ICBC, 01398.HK), have been allowed to participate in the mainland inter-bank bond market under the latest batch...
  • Central bank sets RMB midpoint firmer at 6.1447

    Nov 5, 2013 10:27am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1447 Tuesday, 35 pips stronger than the 6.1482 fixing on Monday, according to the China Foreign Exchange Trade System. The renminbi...
  • Chinese smartphones are pre-loaded with apps that have become a profit driver for manufacturers. Photo: Bloomberg

    China smartphone profit chain goes on and on

    - Nov 5, 2013 10:04am
    Carey Cheung, a typical Hong Kong “gadgetholic” buys a new smartphone whenever he thinks he is using an outdated model. He never uses the same smartphone for more than two months. He has had smartphones made...
  • CNR business booming but it’s not all good news

    Nov 5, 2013 9:52am
    China North Locomotive and Rolling Stock Industry (Group) Corp. (CNR, 601299.CN) is on a roll, with almost 40 billion yuan (US$6.57 billion) worth of orders from China Railway Corp. and a number of local metro operators...
  • Chery’s mini-car business in deeper trouble

    Nov 5, 2013 9:42am
    Government subsidies always have some side-effects. China’s Chery Automobile is a case in point. Attracted by official dole-outs a few years ago, Chery plunged headlong into the mini-car sector, notwithstanding the fact it has never had...
  • China Mobile, Sony may launch smartphones in China, website says

    Nov 5, 2013 9:41am
    China Mobile Ltd. (00941.HK) and Japan’s Sony Corp. may jointly launch a smartphone in China, news portal Qq.com reported Monday, citing Nikkei Business Daily. The Japanese company has shifted its focus to China amid weak demand...
  • Record China gold production seen this year, paper says

    Nov 5, 2013 9:40am
    Gold production in China is expected to rise to a record 430 metric tons this year, up 6.7 percent from a year earlier, China Securities Journal reported Tuesday, citing Du Haiqing, vice president of China National...
  • China carbon emissions seen peaking in 2025, Yicai says

    Nov 5, 2013 9:38am
    China’s carbon dioxide emissions could peak in 2025 at about 8.56 billion metric tons, news portal Yicai.com reported late Monday, citing projections from the Chinese Academy of Social Sciences. The government has targeted to cut the...
  • Dalian exchange to launch egg futures Friday, Xinhua says

    Nov 5, 2013 9:36am
    Dalian Commodity Exchange sent out a notice Monday that it will launch China’s first egg futures contract on Friday, the official Xinhua news agency reported. The futures product will be sold with 8 percent of the...
  • Anadarko Petroleum eyes China asset sale, paper says

    Nov 5, 2013 9:19am
    Anadarko Petroleum Corp. said it is considering selling its Chinese oil and gas assets worth an estimated US$1 billion to raise money for its United States business, China Securities Journal reported Tuesday. The Houston-based company owns...
  • Honda China car sales up 212% on year in Oct, website says

    Nov 5, 2013 9:19am
    Japan’s Honda Motor Co. Ltd. said on Monday its car sales in mainland China rose nearly 212 percent from a year earlier in October, accelerating from the 118 percent growth pace recorded in the previous month,...
  • China Mobile allows iPhone 5s use on Guangzhou 4G, report says

    Nov 5, 2013 8:49am
    China Mobile Ltd. (00941.HK) has started offering free “upgrade” service for people in Guangzhou who have unblocked iPhone 5s and 5c handsets, enabling them to use China Mobile’s TD-LTE-4G network, news portal ifeng.com reported late Monday,...