Date
12 December 2019

Business

  • Food safety remains a pressing concern in China. Photo: Bloomberg

    POLICY WATCH: More teeth for food safety law

    - Nov 5, 2013 6:58am
    Food safety is a recurrent concern in China, given the array of scandals in recent years over tainted products ranging from baby food to meat and cooking oils, to name just a few. As people’s anger...
  • Brown Brothers Harriman, ICBC sign China funds deal, WSJ says

    Nov 5, 2013 6:57am
    United States bank Brown Brothers Harriman & Co. (BBH) has signed an agreement with Industrial and Commercial Bank of China Ltd. (ICBC) that would enable its clients to help some of the world’s biggest asset managers...
  • First cross-border e-commerce site to debut soon, Xinhua says

    Nov 5, 2013 6:51am
    China’s first cross-border e-commerce platform will be launched soon in the Shanghai free trade zone (FTZ) after receiving government approval, Xinhua news agency reported Monday, citing unnamed sources. The platform is expected to sell clothing and...
  • NDRC tells local govts to lead industrial reform, CNR says

    Nov 5, 2013 6:49am
    Local governments have been told to take responsibility for industrial reform to eliminate excess capacity, China National Radio reported Monday, citing Hu Zucai, deputy director of the National Development and Reform Commission. Blind capacity expansion must...
  • Govt to eliminate outdated capacity one year early, Xinhua says

    Nov 5, 2013 6:48am
    The government is stepping up a crackdown on outdated capacity, aiming to complete the process by the end of the year, the official Xinhua news agency reported Monday, citing Zhu Hongren, chief engineer of the Ministry of...
  • Cinda closer to Hong Kong listing, WSJ says

    Nov 5, 2013 6:35am
    State-owned China Cinda Asset Management Co., a buyer of bad bank loans, is to seek approval this week to list in Hong Kong, aiming to as much as US$2 billion in an initial public offering, the Wall Street...
  • China in for soft landing, HSBC CEO says

    Nov 4, 2013 6:14pm
    HSBC Holdings Plc. (00005.HK) is confident China’s economy will make a soft landing, group chief executive Stuart Gulliver said Monday. Gulliver said there are encouraging signs that the economy is coming out of a slowdown into...
  • Solar gets a lift but HSI searches for direction

    Nov 4, 2013 6:13pm
    The Hong Kong stock market struggled for direction Monday as investors waited for HSBC (00005.HK) to release its quarterly report card. The benchmark index Heng Sang Index dropped 0.26 percent, or 60 points, to end the...
  • Banks asked to support overcapacity reduction, govt says

    Nov 4, 2013 3:18pm
    Shang Fulin {尚福林}, chairman of the China Banking Regulatory Commission (CBRC), has urged lenders to properly handle and prevent credit risks in industries with overcapacity problems by safely disposing of bad loans and providing customized financial services,...
  • NEA seeks to open up pipeline assets, paper says

    Nov 4, 2013 1:00pm
    The National Energy Administration (NEA) said in a draft policy document that oil and gas operators should adopt a non-discriminatory approach and open up their pipeline assets for third-party use, the 21st Century Business Herald reported...
  • Pork prices down 0.4% in Oct. 21-30, NBS says

    Nov 4, 2013 12:34pm
    Retail prices for pork rump fell 0.4 percent to 26.56 yuan (US$4.35) per kilogram in the 10 days to Oct. 30, and pork belly prices shed 0.5 percent to 26.35 yuan per kilogram, according to the...
  • The Voice of China lures 1.3 bln yuan in ad buys, paper says

    Nov 4, 2013 12:28pm
    The third season of Zhejiang Satellite TV’s reality talent show “The Voice of China” has pulled in more than 1.3 billion yuan (US$212.727 million) in advertising income through an open auction, up over 30 percent from...
  • Beijing to lead asset securitization trial, paper says

    Nov 4, 2013 12:26pm
    China has the business conditions as well as genuine demand to develop a new business in asset securitization, the China Securities Journal cited senior officials as saying. The central government and the China Securities Regulatory Commission...
  • Lenovo may enter small-loan business, paper says

    Nov 4, 2013 12:11pm
    Lenovo Group Ltd. (00992.HK) is considering entering the small-loan and other banking-related businesses, the 21st Century Business Herald reported Monday, citing Liu Chuanzhi, chairman of the listing company’s parent Legend Holdings Ltd. Liu also told a...
  • Juneyao Airlines plots course for new budget airline, paper says

    Nov 4, 2013 11:16am
    Shanghai-based Juneyao Airlines Co., Ltd. has applied to the Civil Aviation Administration of China to set up a new low-cost airline, China Business News reported Monday, citing the carrier’s chief executive Wang Junjin as saying. According...
  • Ministry to revise anti-monopoly law by year-end, Sina says

    Nov 4, 2013 10:39am
    The Ministry of Commerce has backed proposed changes to China’s anti-monopoly law that would give private firms access to all industries except those deemed off-limits on national security grounds, news portal Sina Finance reported Sunday. The revisions,...
  • Mainlanders top visitors to Taiwan president’s office, CNA says

    Nov 4, 2013 10:34am
    At least 52,056 mainland tourists visited Taiwan’s Office of the President in the nine months to September, accounting for 40 percent of the total and surpassing the number of visitors from other countries, Central News Agency...
  • Shaanxi acts after PetroChina halts gas supply, paper says

    Nov 4, 2013 10:32am
    Shaanxi province has intervened to get PetroChina Co. Ltd. (00857.HK, 601857.CN) to resume supply to several liquefied natural gas (LNG) processing plants, National Business Daily reported Sunday, citing an unnamed source. Petro China halted supply to nine...
  • Why Vanke has had a change of heart

    Nov 4, 2013 10:10am
    When asked if he had any plans to diversify his business strategy, Vanke (000002.CN) chairman Wang Shi {王石} answered a categorical “no”. “Wait until I die,” he was famously quoted as saying. That was before Vanke...
  • Cross-border RMB deals hit 8.6 trn yuan as of Sept, paper says

    Nov 4, 2013 9:50am
    Cross-border renminbi transactions have been conducted in 220 countries and regions involving 8.6 trillion yuan (US$1.4 trillion) as of the end of September, People’s Daily reported Monday, citing a commerce ministry official. During the nine months...