Date
12 December 2019

Business

  • Tianjin eyes exchange for accounts receivables trade, paper says

    Nov 1, 2013 10:54am
    Tianjin has in recent years seen some innovations on financing related to accounts receivables, with the support of the China Banking Regulatory Commission, the China Securities Journal cited Chen Zongsheng, secretary-general of the city government, as...
  • CNR on the fast track as orders pour in

    - Nov 1, 2013 10:52am
    New orders are piling up on the table of China North Locomotive and Rolling Stock Industry (Group) Corp. (CNR, 601299.CN). According to the China Securities Journal, the state-owned railcar maker bagged contracts worth almost 40 billion...
  • ASM Micro workers protest over redundancy packages, SCMP says

    Nov 1, 2013 10:50am
    More than 1,000 workers staged a protest outside the premises of Shenzhen ASM Micro Electronic Technology in the southern Chinese city Thursday, demanding better compensation terms amid a factory relocation plan, the South China Morning Post reported...
  • Carlsberg to raise stake in Chongqing Brewery, filing says

    Nov 1, 2013 10:44am
    Chongqing Brewery Co. Ltd. (600132.CN), one of China’s largest beer makers, said on Thursday that its shareholder Carlsberg Brewery Hong Kong Ltd. has received regulatory approval to increase its stake in the mainland brewer, a regulatory...
  • Boyaa tops Huishang Bank in margin orders, paper says

    Nov 1, 2013 10:40am
    Boyaa Interactive International attracted HK$8.54 billion in margin orders from 10 local brokerages on the first day it opened its retail book, an oversubscription of 82 times, The Standard reported Friday. The online game developer eclipsed Huishang Bank...
  • Haier’s Japan unit to sell super-sized refrigerators, Kyodo says

    Nov 1, 2013 10:38am
    Osaka-based Haier AQUA Sales Co. Ltd., the Japanese unit of appliance maker Haier Group (01169.HK, 600690.CN), said on Thursday it will start selling super-sized refrigerators under the AQUA brand from late November in a bid to...
  • Qunxing Paper warns of earnings plunge, paper says

    Nov 1, 2013 10:32am
    Qunxing Paper Holdings (03868.HK) on Thursday warned its earnings would plunge this year as major customers in Shandong province may stop ordering from the firm after facing disturbances, The Standard reported on Friday. China’s largest decorative-base paper...
  • Investors tap metals as gateway to China, WSJ says

    Nov 1, 2013 10:08am
    Investors seeking to bet on China’s economic growth are piling into the iron-ore and copper markets, the Wall Street Journal reported on Thursday. Prices of the industrial commodities have risen in recent months amid a flurry of...
  • PBoC rejects loan data duplication talk, paper says

    Nov 1, 2013 9:51am
    Sheng Songcheng, head of the statistics department at the People’s Bank of China (PBoC), has dismissed talk of a duplication of data in the calculation of aggregate financing, the China Securities Journal reported Friday. A loan...
  • Russia calls for more cooperation in coal sector, Xinhua says

    Nov 1, 2013 9:24am
    China and Russia should enhance cooperation in coal trading, thermal power stations and introduction of technologies, Xinhua news agency cited Ivan Grachov, chairman of the Russian State Duma’s Energy Committee, as saying. There is great potential...
  • Can China Minmetals dig its way out of trouble?

    Nov 1, 2013 9:23am
    Time was that state-owned conglomerate China Minmetals Corp. could do no wrong. Back in 2008, it was the darling of the propaganda apparatus, with cheerleaders touting its buying spree as an example of the “rising power...
  • GCL-Poly’s move on Same Time hard to justify

    Nov 1, 2013 9:23am
    Polysilicon maker GCL Poly Energy Holdings’ (03800.HK) plan to invest in printed circuit board maker Same Time Holdings (00451.HK) clearly reflects the former’s appetite for more downstream solar business. But questions are being asked as to...
  • Police arrest suspect in airline bomb threats, Bloomberg says

    Nov 1, 2013 9:03am
    At least three Chinese airlines received bomb threats on Thursday after five people were arrested on suspected links to Monday’s deadly car crash in Tiananmen Square, Bloomberg News reported on Friday. At least one person suspected...
  • CCB buying 72% stake in Brazil bank for US$723 mln, report says

    Nov 1, 2013 8:49am
    China Construction Bank Corp. (CCB) (00939.HK) has agreed to pay 1.62 billion reais (US$723 million) for 72 percent stake in Brazil’s Banco Industrial & Comercial SA, Bloomberg News reported Friday. The stake will include 157.4 million voting...
  • Growth in China’s CO2 output slows, FT says

    Nov 1, 2013 8:48am
    The growth in China’s emissions of carbon dioxide slowed last year to 3 percent, below the annual increases of 10 per cent over the past decade, the Financial Times reported Thursday, citing a study by the Netherlands Environmental...
  • China brands set up Europe shops in glitz quest, Bloomberg says

    Nov 1, 2013 8:43am
    China’s homegrown fashion brands are establishing their presence in Europe’s high-end boutiques to raise their image and attract well-heeled shoppers who are also likely to be Chinese, Bloomberg News reported Friday. Shanghai Woo, a Chinese maker of...
  • Taiwan’s Chinatrust to acquire Tokyo Star Bank, Kyodo says

    Nov 1, 2013 8:36am
    Tokyo Star Bank said Thursday that its shareholders in the United States have agreed to sell all of the shares they own, amounting to 98.16 percent of the bank’s total equity, to Taiwan’s Chinatrust Commercial Bank...
  • Chinese carmakers narrow quality gap, Reuters says

    Nov 1, 2013 8:22am
    China’s state-owned GAC Motor beat the industry average in a recent quality survey, as domestic brands narrowed the gap with foreign marques that dominate the world’s biggest car market, Reuters reported Thursday. GAC Motor, which sells cars...
  • Ministry calls for better local govt budgeting, CNS says

    Nov 1, 2013 8:02am
    The Ministry of Finance has told local governments to expedite drafting of their budgets and the spending of budgeted funds, the China News Service reported Friday, citing a ministry circular. The ministry also called for better...
  • Hon Hai telecom unit seeks strategic partners, report says

    Nov 1, 2013 7:51am
    Terry Guo, chairman of Taiwan’s Hon Hai Precision Industry Co. Ltd., said Thursday that the group’s telecom subsidiary Ambit Microsystems Corp. is seeking strategic partners after winning a 4G telecom license in Taiwan, Taipei Times reported...