Date
21 February 2020

Business

  • Quanjude wins nod for share placement plan, filing says

    Nov 12, 2013 7:53am
    Restaurant operator China Quanjude (Group) Co. Ltd. (002186.CN) has won approval from the Beijing State-owned Assets Supervision and Administration Commission for a private share placement plan, according to a regulatory filing late Monday. The company will place...
  • Carlsberg eyes Tsingtao and Yanjing Beer, Bloomberg says

    Nov 12, 2013 7:52am
    Carlsberg A/S is considering acquiring Tsingtao Brewery Co. Ltd. (600600.CN) and Beijing Yanjing Brewery Co. Ltd. (000729.CN) as it steps up its expansion in Asia, Bloomberg News reported late Monday, citing people with knowledge of the...
  • Non-resident RMB deposits hit 1.2 trn in September, HKEJ says

    Nov 12, 2013 7:46am
    Non-resident renminbi deposits in banks and the central bank reached 1.2 trillion yuan (US$196.96 billion) at the end of September, up from 1.07 trillion yuan at the end of June, the Hong Kong Economic Journal reported...
  • Bank of Shanghai to pursue dual listing, paper says

    Nov 12, 2013 7:39am
    Bank of Shanghai Co. Ltd. is pushing through with its plan to list in mainland China and Hong Kong, the Shanghai Securities News reported Tuesday, citing an official with the lender. The date of the listing...
  • Infectious diseases claim 1,272 lives in October, report says

    Nov 12, 2013 7:38am
    At least 1,272 people died of infectious diseases in China in October, the official Xinhua news agency reported on Monday, citing data from the National Health and Family Planning Commission. The fatalities were among the 549,135 infectious disease...
  • Beijing equity exchange launches art trade unit, Xinhua says

    Nov 12, 2013 7:17am
    The China Beijing Equity Exchange has unveiled an art trading platform, Xinhua news agency reported late Monday, citing a company statement. The first batch of art pieces selling on the platform are 32 paintings by contemporary...
  • Great Wall Motor may rev up again after adding new capacity

    Nov 12, 2013 7:05am
    With its latest vehicle sales figure falling short of market expectations, Great Wall Motor (02333.HK) saw its shares fall for the fourth consecutive trading session on Monday. The investor wariness is understandable, but it may be...
  • China is expected to offer resources in the western region in the third round of shale gas block tender. Photo: Bloomberg

    POLICY WATCH: Oil giants to be drawn into third shale gas tender

    - Nov 12, 2013 7:04am
    China’s ambitious shale gas plan could regain traction as top state-owned energy giants are likely to participate in the upcoming third round of gas block tenders, marking a milestone for the nation as it seeks to...
  • Evergrande fields winning team to test new waters

    Nov 12, 2013 7:04am
    First it was property but now developer Evergrande (03333.HK) hopes the winning ways of its soccer club will help it make a big splash in the bottled water market. Guangzhou Evergrande capped its on-field success on...
  • Can Sina Weibo replicate Twitter’s big data success?

    Nov 12, 2013 7:03am
    Big data is the buzzword right now. The term refers to a collection of both structured and unstructured data whose volume is so large that it makes data processing a very challenging task. For example, dealing...
  • China Oct car sales up 20.3% on year, CAAM says

    Nov 12, 2013 7:01am
    Car sales in China reached 1.93 million units in October, up 20.3 percent from a year earlier but down 0.2 percent from the previous month, the China Association of Automobile Manufacturers said in an online media...
  • China to improve construction quality of houses, Xinhua says

    Nov 12, 2013 7:00am
    The state housing authority will launch a special action to inspect and improve the construction quality of new residential projects, especially those under the affordable housing program, in the next five years, Xinhua news agency reported late...
  • Alibaba’s Singles Day sales hit record 35 bln yuan, report says

    Nov 12, 2013 6:37am
    Singles Day sales at Alibaba Group Holding Ltd.’s online malls on Monday were nearly double last year’s full-day record of 19.1 billion yuan (US$3.13 billion), reaching 35.02 billion yuan after the annual promotion closed at midnight, the...
  • General Economy Images As Li Pledges Graft-Smog Battle

    POLICY WATCH: Life under a blanket of smog

    - Nov 12, 2013 6:30am
    Stung by criticism over the lack of effective response to the choking smog that frequently shrouds major Chinese cities, Beijing has announced some measures to contain the damage during the worst periods and protect people’s health....
  • Chengdu eases rules on affordable homes, paper says

    Nov 12, 2013 6:27am
    Chengdu, the capital of southwestern China’s Sichuan province, has eased rules for residents to qualify to buy affordable homes in the downtown area, China Economic Times reported Tuesday, citing the city’s housing bureau. Restrictions on applicants, including...
  • Clarence T'ao, chief executive of BNP Paribas (China), expects a significant increase in outbound M&A deals by private Chinese firms in the coming years.

    BNP sees private firms driving next China M&A wave

    - Nov 12, 2013 6:00am
    Privately-owned Chinese firms are likely to be involved in more outbound mergers and acquisitions (M&A) deals in the coming years as the companies will try to diversify their businesses and build their brands overseas, a top...
  • Property sector faces grim outlook in 2014, BNP Paribas says

    Nov 11, 2013 7:09pm
    The central government is unlikely to unveil further property curbs after the ongoing party plenum but will use supply-side measures to control prices, Lee Wee-liat, head of Financials and Property Research of BNP Paribas, said in...
  • HSI rebounds on back of banking plays

    Nov 11, 2013 6:13pm
    Hong Kong stocks rebounded sharply from a string of declines Monday, helped by banking counters as investors piled into mainland lenders. The benchmark Hang Seng Index gained 1.43 percent to close at 23,069 points. The Hang Seng China Enterprises...
  • October new loans hit 506.1 bln yuan, M2 up 14.3%, PBoC says

    Nov 11, 2013 5:32pm
    Chinese banks extended 506.1 billion yuan (US$83.1 billion) in new renminbi loans in October, an increase of 700 million yuan from a year earlier, the People’s Bank of China (PBoC) said Monday. M2, a broad measure of...
  • Alibaba breaks Singles Day sales record, statement says

    Nov 11, 2013 3:21pm
    Singles Day sales at Alibaba Group’s online mall has broken the previous full-day record of 19.1 billion yuan (US$3.13 billion) in just 13 hours after the annual promotion began at Sunday midnight, a company statement said....