Date
28 January 2020

Business

  • Air China to see some shares emerge from lock-up, filing says

    Nov 6, 2013 8:41am
    Air China Ltd. (00753.HK, 601111.CN) said in a regulatory filing Tuesday that some shares held by its controlling shareholder Air China Group will emerge from lock-up and begin circulating from November 12. The shares total 129.53...
  • Wahaha taps into Chinese white liquor market, Xinhua says

    Nov 6, 2013 8:31am
    Hangzhou Wahaha Group Co. Ltd. is entering the Chinese white liquor market with the launch of its own brand manufactured in Maotai town of Guizhou province, Xinhua news agency reported on Tuesday, citing the beverage giant’s...
  • Furniture malls hit back at Alibaba’s O2O model

    Nov 6, 2013 8:16am
    Just as Alibaba Group boss Jack Ma {馬雲} was regaling Premier Li Keqiang {李克強} last Thursday with examples of his e-commerce platforms’ achievements, the brick-and-mortar malls hit back. The China National Furniture Association announced that 19 major furniture mall...
  • Chongqing Steel output up 12.2% in Jan-Oct, filing says

    Nov 6, 2013 8:15am
    Chongqing Iron & Steel Co. Ltd. (601005.CN) said in a stock exchange filing on Wednesday its steel output reached 4.49 million metric tons in the 10 months to October, up 12.24 percent from a year ago....
  • File photo of a steel worker operating a furnace at a steel manufacturing plant in Hefei

    The Big Picture: DELEVERAGING PHASE

    Nov 6, 2013 8:07am
    China’s central bank said Tuesday that the nation’s economy is set for a long period of deleveraging and elimination of excess capacity, and pointed out that the key will be to ensure a stable monetary and...
  • Supermarket operators find the going rough

    Nov 6, 2013 7:55am
    Two well-known supermarket chains in Beijing and Shanghai — Beijing Jingkelong (00814.HK) and Lianhua Supermarket (00980.HK) — continued to perform poorly in the third quarter, leading to nearly 50 percent profit decline in the first nine...
  • Take a bow, Baidu, for sizzling Qunar IPO

    Nov 6, 2013 7:54am
    It took a mere 22 seconds for online travel portal Qunar.com (QUNR.US) to set its US market debut alight. In that flash of time on Nov. 1, the stock hit its maximum daily trading limit, triggering...
  • CSCL sells 55% stake in unit for 75.6 mln yuan, filing says

    Nov 6, 2013 7:53am
    China Shipping Container Lines Co. Ltd. (CSCL) (02866.HK, 601866.CN) has sold a 55 percent stake in its fully owned subsidiary Lianyungang New Oriental International Container Wharf Co. Ltd. for 75.63 million yuan (US$12.40 million), according to...
  • NDRC halts approvals for some coal-gas projects, paper says

    Nov 6, 2013 7:40am
    The National Development and Reform Commission has suspended approvals for some coal-to-gas projects amid tightening gas supply, National Business Daily reported Wednesday, citing an official notice. Projects without steady gas resources have been put on hold,...
  • Shanghai posts 57% surge in new syndicated loans, paper says

    Nov 6, 2013 7:38am
    Shanghai posted a 57 percent increase in new syndicated loans in the third quarter from the previous year on strong demand from the real estate and construction sectors, Shanghai Daily reported Wednesday. Banks lent 48.8 billion yuan...
  • Beijing to cut new passenger car licenses, paper says

    Nov 6, 2013 7:30am
    The Beijing municipal government will cut the number of new passenger car licenses to 150,000 a year from 240,000 starting in 2014, The Mirror newspaper reported Tuesday. At the same time, licences for new energy vehicles will...
  • China Mobile launches 4G handsets, paper says

    Nov 6, 2013 7:22am
    China Mobile Ltd. (00941.HK) said it will launch four 4G handset models in Beijing on Wednesday, Securities Times reported Tuesday. These include the Sony M35T and Samsung N7108D. The TD-LTE-compatible handsets can be ordered from 10 China...
  • Ex-CBRC chief calls for cross-strait financing ties, Xinhua says

    Nov 6, 2013 7:11am
    Financial institutions in mainland China and Taiwan should work together to finance large projects, the official Xinhua news agency reported Tuesday, citing Liu Mingkang {劉明康}, former head of the China Banking Regulatory Commission. Demand is growing...
  • CBRC eyes higher provisions for interbank business, Caixin says

    Nov 6, 2013 7:01am
    The China Banking Regulatory Commission will require lenders to increase their interbank risk provisions to curb fraud in credit reporting, news website caixin.com said Tuesday, citing an unnamed person close to the regulator. Details of the new...
  • China to issue 10 bln yuan sovereign bonds in HK, Xinhua says

    Nov 6, 2013 6:32am
    China will issue a second tranche of yuan-denominated sovereign bonds worth 10 billion yuan (US$1.63 billion) in Hong Kong on Nov. 21, the official Xinhua news agency reported Tuesday, citing a statement from the Ministry of...
  • China in for long deleveraging haul, PBoC says

    Nov 5, 2013 5:44pm
    China’s economy is set for a long period of deleveraging and eliminating excess capacity, and the key will be to ensure a stable monetary and financial environment, the People’s Bank of China (PBoC) said Tuesday in...
  • HSI dips 150 points as A shares get a lift

    Nov 5, 2013 5:43pm
    Hong Kong’s benchmark index ended Tuesday 0.65 percent lower while the mainland stock market hitched a lift on speculation of new shale gas tenders. The Hang Seng Index shed 150 points to 23,038 and the Hang...
  • Autohome seeks US$120 mln in US share offering, report says

    Nov 5, 2013 3:04pm
    Chinese car sales website Autohome Inc. aims to raise up to US$120 million in an initial public offering of American depositary shares on the New York Stock Exchange, news portal Qq.com reported Tuesday, citing unnamed sources. The...
  • China hospitals lag in genetic testing on lung cancer, SCMP says

    Nov 5, 2013 2:34pm
    Fewer hospitals in China conduct genetic tests on lung cancer patients compared to Western countries, even though Asians are genetically more susceptible to the disease, the South China Morning Post reported on Tuesday, citing a leading...
  • Nothing fishy about aquatic solar projects

    Nov 5, 2013 12:15pm
    At first glance, teaming aquatic products with solar power seems like a shady idea. But the combination’s time in the sun has arrived on the mainland, helping some energy companies move downstream and the country to...