Date
23 August 2019

Business

  • ZTE aims to top Philippine smartphone market, Xinhua says

    Oct 10, 2013 11:55am
    Chinese phone maker ZTE Corp. aims to dominate the Philippine smartphone market with affordable handsets in the next three years, Xinhua reported Wednesday. If it achieves the goal, ZTE could relocate some of its manufacturing to...
  • Transport ministry eyes port reform, paper says

    Oct 10, 2013 10:22am
    The Ministry of Transport is set to reform port management and boost cooperation between concerned parties, Economic Information Daily reported Thursday, citing sources from the China Ports Association. The ministry will consider scrapping unified rates in response...
  • KWG Property September pre-sales up 25.8%, filing says

    Oct 10, 2013 10:08am
    Guangzhou-based developer KWG Property Holding Ltd. (01813.HK) said its pre-sales rose 25.8 percent to 1.54 billion yuan (US$251.62 million) in September from a month earlier. In the first nine months, pre-sales were 11.93 billion yuan, up...
  • Corn prices set to tumble amid increased imports, Xinhua says

    Oct 10, 2013 10:06am
    China’s corn production is expected to top 215 million metric tons in 2013, a record high, the official Xinhua news agency reported Wednesday, citing the State Administration of Grain Information Center and China National Association of Grain...
  • Shunfeng eyes stake in Wuxi Suntech, paper says

    Oct 10, 2013 9:59am
    Solar company Shunfeng Photovoltaic International Ltd. (01165.HK) is bidding for a stake in a key unit of troubled Suntech Power Holdings Co., once the world’s largest solar panel maker, Shanghai Daily reported Thursday. The company made the...
  • ANZ eyes branches in Shanghai FTZ, paper says

    Oct 10, 2013 9:50am
    Australia-based ANZ Group plans to set up branches in Shanghai’s pilot free-trade zone in a bid to become a super regional bank, Shanghai Daily reported Thursday. The bank wants to be a part of efforts to...
  • Central bank sets RMB midpoint softer at 6.1452

    Oct 10, 2013 9:34am
    The People’s Bank of China set the renminbi’s daily midpoint against the US dollar at 6.1452 on Thursday, 22 pips weaker than Wednesday’s 6.1430 fixing, according to the China Foreign Exchange Trade System. The renminbi is...
  • Is Starbucks ripping off its Chinese customers?

    Oct 10, 2013 9:32am
    A cup of Starbucks latte costs US$3 in United States, but in Shanghai, you have to shell out 27 yuan (US$4.4), a 46 percent mark-up, for the same brew. Given the average discretionary income of an...
  • Carmakers may face output curbs over fuel efficiency, paper says

    Oct 10, 2013 9:26am
    The National Development and Reform Commission (NDRC) will tighten rules on fuel efficiency for passenger vehicles and carmakers that fail to meet the new requirements risk being eased out of the market or acquired by other...
  • Chongqing Steel September output up 42.12%, paper says

    Oct 10, 2013 9:17am
    Chongqing Iron & Steel Co. Ltd. (601005.CN) said its September steel output rose 42.12 percent year on year to 429,700 tons, Securities Times reported Wednesday, citing a company statement. In the first nine months, steel output...
  • Shunfeng’s tender for Wuxi Suntech deserves caution

    Oct 10, 2013 9:13am
    Shunfeng Photovoltaic International Ltd. (01165.HK) closed up 22 percent on Wednesday after the solar module maker surfaced as a dark horse bidder for its bankrupt peer Wuxi Suntech Power, the key asset of Suntech Power Holdings...
  • ZTE smartphone US sales top US$1 bln, paper says

    Oct 10, 2013 9:10am
    ZTE Corp. (000063.CN; 00763.HK) posted more than US$1 billion of smartphone sales in the United States in 2012, making it the fourth biggest seller in the US market, China Business News reported Thursday, citing Cheng Lixin,...
  • China to speed up M&A among infant formula makers, paper says

    Oct 10, 2013 9:08am
    China will step up mergers in the infant formula industry and raise the entry threshold for newcomers, Economic Information Daily reported Thursday, citing unnamed sources. Guidelines on the restructuring will be released soon, the report said....
  • Natural persons can invest in rural commercial banks, paper says

    Oct 10, 2013 9:06am
    China will allow natural persons to invest in rural commercial banks, the China Securities Journal reported Thursday, citing draft rules released by the China Banking Regulatory Commission. The minimum registered capital for rural commercial banks will...
  • China launches coal transport capacity derivatives, paper says

    Oct 10, 2013 8:55am
    The Shanghai Shipping Freight Exchange Co. (SSFEC) will start trading derivative contracts of coal transport capacity on the North-South route on Thursday, the first of its kind in the world, the National Business Daily reported. Wu...
  • Sa Sa holiday same-store sales growth slows to 6%, HKEJ says

    Oct 10, 2013 8:47am
    Sa Sa International Holdings Ltd. (00178.HK) said same-store sales growth (SSSG) for its shops in Hong Kong and Macau during the National Day “Golden Week” holiday was only 6 percent, lower than the double-digit figure widely...
  • Mainland, Taiwan regulators to meet Oct 17, paper says

    Oct 10, 2013 8:38am
    Xiang Junbo {項俊波}, chairman of the China Insurance Regulatory Commission (CIRC), will hold a meeting with representatives of Taiwan’s Financial Supervisory Commission led by chairman Tseng Ming-chung {曾銘宗} on Oct. 17 to discuss cross-strait insurance investment, Taiwan’s...
  • HTC denies Lenovo investment approach, paper says

    Oct 10, 2013 8:37am
    Cher Wang, chairwoman of Taiwanese smartphone vendor HTC Corp., has denied the company was approached by Lenovo Group Ltd. about a strategic investment, China Business News reported Thursday. Lenovo representatives were earlier reported to have visited...
  • 331511_11e844da68c2527d5108705eabde9ff8.jpg

    The Big Picture: ONLINE FINANCE

    - Oct 10, 2013 8:33am
    Chinese e-commerce giant Alibaba Group is stepping up its push into online financial services by buying a 51 percent stake in Tianhong Asset Management Co. Ltd. Alibaba’s move will undoubtedly change the landscape of the financial...
  • Taiwan banks prefer no mainland partners, paper says

    Oct 10, 2013 8:05am
    Taiwan’s government-owned banks prefer to invest in the mainland without partners as joint ventures tend to create issues, Commercial Times reported Thursday, citing Finance Minister Chang Sheng-ford. These banks must establish market leadership before they go...

EJI Weekly Newsletter

Please click here to unsubscribe