Date
25 February 2020

Business

  • Vale steers its giant ore vessels with local tie-up

    - Nov 11, 2013 9:35am
    Brazilian mining giant Vale S.A. has sought to step up shipments to China as the country alone consumed half of the company’s iron ore output last year, helping offset weak demand elsewhere that dented the firm’s...
  • Guangzhou Evergrande unveils mineral water product, Sina says

    Nov 11, 2013 9:34am
    Guangzhou Evergrande Football Club, which won the AFC Champions League on Saturday, the first ever by a Chinese side, plans to roll out its own brand of mineral water products, news portal Sina.com reported Sunday. The...
  • Sino-foreign fund JV to boost capital inflows, SCMP says

    Nov 11, 2013 9:31am
    A joint venture between Gottex Fund Management and VStone Asset Management is likely to open the floodgates for a huge capital inflow into upcoming mainland hedge fund managers, the South China Morning Post reported Monday. VStone...
  • CPIC gets an online edge with e-signature technology

    Nov 11, 2013 8:58am
    China Pacific Insurance (Group) Co. Ltd. (CPIC; 02601.HK, 601601.CN) may not be the biggest among mainland insurers in terms of size, but it is actually scoring some points over its larger rivals in terms of technology....
  • Shenzhen, Luxembourg bourses sign cooperation pact, paper says

    Nov 11, 2013 8:43am
    The Shenzhen Stock Exchange and Bourse de Luxembourg have signed a memorandum of understanding to boost cooperation, the China Securities Journal reported Monday, citing the two bourses’ joint statement. The two have agreed to undertake information,...
  • Thailand now China’s No. 2 tourist destination, report says

    Nov 11, 2013 8:38am
    The number of Chinese visitors to Thailand more than doubled in the first nine months compared with the same time last year, making it the second-biggest tourist destination for Chinese, Xinhua reported Sunday, citing tourism authorities....
  • China clamps down on misuse of logistics park sites, CNR says

    Nov 11, 2013 8:32am
    China will improve oversight of the way logistics parks are built to prevent the land being used for unauthorized commercial development, China National Radio reported Sunday, citing an official from the National Development and Reform Commission....
  • Hainan sees surge in duty-free shopping, report says

    Nov 11, 2013 8:31am
    Sales at duty-free stores in South China’s Hainan province rose 62 percent year on year to 3.19 billion yuan (US$523.8 million) in the first 10 months of the year, Xinhua news agency reported on Sunday, citing data from...
  • Bank of Jiangsu to auction 16 mln shares, paper says

    Nov 11, 2013 8:18am
    Bank of Jiangsu, a city commercial bank in eastern China, is planning to auction 16.05 million shares, representing a 0.1764 percent stake in the lender, at a floor price of 83 million yuan (US$13.5 million), the...
  • Big Oil unlikely to open up pipeline sector without a fight

    Nov 11, 2013 8:17am
    Although Beijing has yet to decide whether to divest the state-owned oil giants of their pipeline assets, it is clearly determined to break the monopoly in the oil and gas distribution market. The National Energy Administration is...
  • Stock market to lift ban on 34.3 bln yuan shares, Xinhua says

    Nov 11, 2013 8:07am
    Lock-up shares with a combined market value of 34.3 billion yuan (US$5.63 billion) will become eligible for trading in mainland China this week, Xinhua news agency reported late Sunday, citing statements from the Shanghai and Shenzhen...
  • 17 new QFII A-share accounts opened in October, paper says

    Nov 11, 2013 8:02am
    Qualified foreign institutional investors (QFII) opened 17 new A-share accounts on the Shanghai and Shenzhen stock markets in October, taking the total under the QFII scheme to 547, up 54.08 percent from the beginning of the...
  • Iron ore price likely to extend decline, report says

    Nov 11, 2013 8:01am
    New analysis has shown that iron ore prices in China will continue to drop in the fourth quarter of this year amid a fall in demand, Xinhua news agency reported Sunday. Demand has usually shrunk in the...
  • PBoC mulls fees for interbank services, paper says

    Nov 11, 2013 7:55am
    The People’s Bank of China (PBoC) is consulting with banks on a proposal to charge fees for various online interbank services, such as real-time fund transfers and account enquiries, the China National Radio reported Sunday. Sources...
  • Local govts get property valuation licensing power, paper says

    Nov 11, 2013 7:51am
    China’s Ministry of Housing and Urban-Rural Development has delegated to local governments the approval power for grant of licenses for property valuation, Beijing Youth Daily reported Sunday, citing an announcement from the ministry. The ministry is planning...
  • Vehicle output, sales up 13% in Jan-Sept, Xinhua says

    Nov 11, 2013 7:41am
    China’s auto market has entered a stage of steady growth this year, Xinhua news agency reported Monday, citing He Liming, chairman of the China Automobile Dealers Association. The country’s vehicle production and sales both rose nearly...
  • Shanghai to roll out FTZ regulations in 1Q 2014, paper says

    Nov 11, 2013 7:39am
    The Shanghai Municipal People’s Congress aims to roll out a comprehensive set of regulations for the city’s free trade zone by the first quarter of 2014, in order to ensure that the zone’s operations are protected from...
  • New railway investments raised to 471.3 bln yuan, CNS says

    Nov 11, 2013 7:24am
    Investment in new railway projects this year has been raised 13.3 percent to 471.3 billion yuan (US$230.226 million) from 416 billion yuan, China News Service reported Sunday, citing an unnamed official of the China Railway Corp....
  • Tencent chief urges firms to embrace internet, report says

    Nov 11, 2013 7:10am
    Tencent Holdings Ltd. (00700.HK) chief executive Ma Huateng stressed the need to focus on the integration of traditional businesses with the internet, rather than on market competition, news website Donews.com reported. Speaking during the company’s 15th...
  • October PPI down 1.5% on year, Xinhua says

    Nov 11, 2013 6:57am
    China’s producer price index (PPI), a gauge of inflation at the wholesale level, fell 1.5 percent in October from a year earlier, compared with a 1.3 percent drop in the previous month, the official Xinhua news...