Date
17 January 2020

Business

  • Suntech to sell core China assets for US$492 mln, WSJ says

    Nov 4, 2013 7:05am
    Suntech Power Holdings Co. has agreed to sell its core assets in China for 3 billion yuan (US$492 million) to a smaller rival after defaulting on billions of dollars in debt, the Wall Street Journal reported...
  • Mark Uhrynuk, partner at Mayer Brown JSM, said some Chinese manufacturers are seeking to buy foreign companies to acquire intellectual property rights.

    Technology and brands fuel M&A push, Mayer Brown says

    - Nov 4, 2013 6:50am
    Chinese companies seeking merger and acquisition (M&A) opportunities overseas are likely to be drawn to Taiwan’s technology firms and rising brands in Southeast Asian countries such as Indonesia, a senior executive at Mayer Brown JSM said. “Technology...
  • The new law provides better protection to online shoppers and help ensure hassle-free transactions in cyberspace. Photo: Bloomberg

    POLICY WATCH: New law seeks to protect rights of online shoppers

    - Nov 4, 2013 6:46am
    Whether it’s because of the convenience, the fabulous discounts, the variety of goods being offered or all of these, Chinese consumers have taken to online shopping with much relish. Today, e-commerce accounts for more than 5...
  • China aims to make it easier for entrepreneurs to set up small businesses. Photo: Reuters

    POLICY WATCH: Helping more start-ups get off the ground

    - Nov 4, 2013 6:45am
    As the Communist Party’s Central Committee prepares to hold a key policy meeting in November, China’s cabinet has unveiled a corporate registration system reform that aims to ease market access for smaller firms and stimulate private...
  • Market overreacting to shadow banking, bad loans, bankers say

    Nov 1, 2013 6:50pm
    Investors are worrying too much about shadow banking and bad loans and making them out to be worse than they look, top banking executives said Friday.  “The appearance of shadow banking shows that China needs more...
  • Hang Seng ends week higher

    Nov 1, 2013 6:13pm
    Hong Kong stocks closed out the week higher, picking up 0.19 percent in directionless action Friday, the first trading day of the month. The benchmark Hang Seng Index finished at 23,249 points for the day and...
  • Lenovo open to acquisition opportunities, chief says

    Nov 1, 2013 6:06pm
    Lenovo Group Ltd. (00992.HK) is open to acquiring assets that can expand its market, Koh Kong-meng, vice president and general manager for East Asia, told reporters in Hong Kong on Friday. “Wherever there is value and where...
  • Alibaba unit to give 40% stake to staff, statement says

    Nov 1, 2013 6:05pm
    Alibaba Small and Micro Financial Services Group, the micro lending unit of e-commerce giant Alibaba Group Holding Ltd., will distribute a 40 percent stake to 23,810 employees of both companies through an incentive program, according to...
  • China's leaders are expected to unveil new reforms to build on the economic gains of the past. Photo: Bloomberg

    WEEKENDER: Hopes build for second wave of China reforms

    - Nov 1, 2013 4:27pm
    Billed as China’s second wave of reform, the Chinese Communist Party’s central committee is due to endorse a master plan of reform for the nation for the next ten years at a plenum next week as...
  • BYD seeks to resolve wage dispute in LA

    Nov 1, 2013 3:49pm
    BYD Co. Ltd. (01211.HK, 002594.CN), the electric vehicle maker backed by US billionaire Warren Buffett, said it will work with the California Labor Commissioner’s office to resolve a wage dispute related to some workers in the...
  • Beijing’s Jan-Oct new home sales exceed 200 bln yuan, paper says

    Nov 1, 2013 2:24pm
    A total of 73,581 new residential flats were sold in Beijing in the 10 months to October, with the combined transaction amount rising 14.4 percent to 200.46 billion yuan (US$32.88 billion) from a year earlier, Beijing...
  • Macau October gaming revenue up 32% to record high, govt says

    Nov 1, 2013 1:30pm
    Macau’s casino revenue rose 31.7 percent to a record 36.48 billion patacas (US$4.57 billion) in October from a year earlier, the Gaming Inspection and Coordination Bureau said Friday. The previous record was 31.34 billion patacas in March....
  • Brookfield to put US$750 mln into Shui On unit, paper says

    Nov 1, 2013 1:24pm
    Brookfield Property Partners, a global commercial real estate company, has agreed to invest up to US$750 million in China Xintiandi, a wholly owned subsidiary of Shui On Land Ltd., Shanghai Daily reported Friday. The investment includes US$500 million in...
  • Goodman sees more room to move in China warehousing, paper says

    Nov 1, 2013 1:19pm
    Australia-listed industrial property group Goodman expects its China business to grow robustly as it taps strong demand for high-quality warehousing across the country, Shanghai Daily reported Friday. The company has 530,000 square meters of works in progress in...
  • NSSF opts for defensive stocks in 4Q, paper says

    Nov 1, 2013 12:44pm
    China’s National Social Security Fund (NSSF) is believed to have sold shares of some listed small and medium enterprises such as Suning Commerce Group Co. Ltd. (002024.CN), Huayi Brothers Media Corp. (300027.CN) and Ourpalm Co. Ltd....
  • Major Chinese cities see home prices gain for 17th month

    Nov 1, 2013 12:06pm
    The average price of new homes in 100 major Chinese cities rose 1.24 percent to 10,685 yuan (US$1,753) per square meter in October from the previous month, marking the 17th consecutive monthly gain, according to data...
  • Consumer complaints vs insurers up 28% Jan-Sept, Xinhua says

    Nov 1, 2013 11:46am
    The China Insurance and Regulatory Commission (CIRC) said Thursday that it has received a total of 15,080 complaints relating to consumer rights in insurance sales during the first nine months of the year, marking an increase...
  • Yuexiu wins Guangzhou site for 4.35 bln yuan, report says

    Nov 1, 2013 11:22am
    Yuexiu Property Co. Ltd. (00123.HK) bought a land plot in the Luogang district of Guangzhou for 4.35 billion yuan (US$713 million), netease.com reported Thursday. The price represents a premium of 45 percent over the base price, marking...
  • BBMG buys Nanjing residential site at record price, website says

    Nov 1, 2013 11:07am
    Beijing Building Materials Group Corp. (BBMG) (02009.HK, 601992.CN) has secured a residential site in Nanjing’s Hexi district for 2.93 billion yuan (US$480.75 million), news website caijing.com reported Thursday. The deal translates to a price of 16,979...
  • Pollution chokes tourist numbers in Beijing, WSJ says

    Nov 1, 2013 10:56am
    Beijing’s notorious pollution is deterring tourists, with the number of visitors to China’s capital roughly halving in the first three quarters of the year compared to the same time in 2012, the Wall Street Journal reported...