Date
28 January 2020

Business

  • Govt seeks foreign firms in shale gas exploration, CNS says

    Nov 4, 2013 8:41am
    Land and Resources Minister Jiang Daming {姜大明} said the government will further encourage foreign enterprises to participate in the exploration of the country’s resources, China News Service reported Sunday. Joint exploration and development of shale gas deposits...
  • Govt warns against interference in power sales, paper says

    Nov 4, 2013 8:29am
    China has warned local governments not to interfere with power producers and consumers in setting volumes and prices, Shanghai Securities News reported over the weekend, citing a notice from the National Energy Administration and the Ministry...
  • China Vice Premier Li Keqiang On Official Visit To Hong Kong

    The Big Picture: ‘GOLDEN BALANCE POINT’

    Nov 4, 2013 8:27am
    A week before the Chinese Communist Party’s 18th Central Committee kicks off its third plenum on Nov. 9, Premier Li Keqiang {李克強} said the country should figure out a “golden balance point” to ensure a healthy...
  • Shenzhen raises second-home down payment to 70%, paper says

    Nov 4, 2013 8:26am
    The down payment requirement for purchasing a second home in Shenzhen will be raised to 70 percent effective Wednesday, up from 60 percent at present, the Economic Information Daily reported over the weekend, citing the local...
  • Shares worth 40.3 bln yuan unlocked this week, Xinhua says

    Nov 4, 2013 8:22am
    About 40.3 billion yuan (US$6.59 billion) worth of locked up Chinese shares will become eligible for trade this week, marking the highest weekly unlock this quarter, Xinhua news agency reported Sunday, citing data from bourses. A...
  • CSRC chief wants small investors to have bigger say, paper says

    Nov 4, 2013 8:05am
    Xiao Gang {肖鋼}, chairman of the China Securities Regulatory Commission (CSRC), said at the annual meeting of the International Association of Chinese Listed Companies that governance of controlling shareholders should be improved while small and medium-scale investors should be...
  • Agricultural prices seen rising this winter, Xinhua says

    Nov 4, 2013 8:03am
    Prices of farm products may increase this winter and in the spring amid cold weather, helped by holiday demand, the official Xinhua news agency reported Sunday, citing an official from the National Development and Reform Commission....
  • Internet finance will improve credit collection, Xinhua says

    Nov 4, 2013 8:01am
    Internet finance will help lenders get the latest borrower information and improve credit collection, Xinhua news agency reported Saturday, citing Xuan Xinfeng, an official of the People’s Bank of China. They will be able to make more accurate credit...
  • US investor favors A shares over mainland property, paper says

    Nov 4, 2013 7:40am
    Famed United States investor Jim Rogers said he bought China A shares rather than invest in property because of the central government’s continued emphasis on market regulation, Yangcheng Evening News reported Sunday. Rogers said mainland property...
  • Jin Jiang targets 100 luxury hotels in 3-5 yrs, paper says

    Nov 4, 2013 7:36am
    Shanghai Jin Jiang International Hotels Development Co. Ltd. (600754.CN) plans to open 100 hotels under its high-end “Metropolo” brand in major cities across China in the coming three to five years, China Business News reported late...
  • Insurer sees mortgage pension products by 1Q, paper says

    Nov 4, 2013 7:34am
    Happy Life Insurance Co. Ltd. said it has been asked by the government to present housing reverse mortgage products and launch them in the first quarter next year, Beijing Youth Daily reported Sunday, citing chairman Meng...
  • Dozens of carmakers under review for possible exit, paper says

    Nov 4, 2013 7:23am
    The Ministry of Industry and Information Technology has published a list of 48 carmakers that will be reviewed under the government’s consolidation program, China News Service reported Sunday, citing unnamed sources. Those that fail to meet...
  • AIG opens new branch in Zhejiang, Yicai says

    Nov 4, 2013 7:12am
    American International Group Inc. (AIG), the largest foreign property insurance company in China, has launched a new branch in the eastern Zhejiang province, news portal Yicai.com reported late Sunday, citing a company statement. AIG presently has five...
  • Govt begins public housing rental trial scheme, paper says

    Nov 4, 2013 7:10am
    The government has begun a trial scheme on public rental housing, Chongqing Times reported Sunday, citing unnamed sources. It involves the gradual phaseout of low-cost, for-sale houses and turning them into rental units, the report said....
  • Overseas mining investment down 10.9%, paper says

    Nov 4, 2013 7:06am
    Chinese investment in overseas mining projects fell 10.9 percent to US$3.14 billion in the first nine months from a year earlier, China Securities Journal reported Monday, citing data from the China Mining Association. The decline came...
  • 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...