Date
13 December 2019

Business

  • Beijing new-home sales up 58.4% in September, CNR says

    Oct 7, 2013 9:29am
    Sales of new homes in Beijing rose 58.4 percent to 13,279 units in September from the previous month, China National Radio reported Sunday, citing data from the Beijing Municipal Commission of Housing and Urban-Rural Development. The...
  • Nanjing consumers shun pharmacy milk powder, paper says

    Oct 7, 2013 9:27am
    Consumers in Nanjing are not enthusiastic about buying milk powder from Baixin Pharmacy which has been selling the product since the end of August under a trial scheme, Jinling Evening News reported Sunday, citing the pharmacy’s...
  • Blame Wenzhou crisis on China’s investment addiction

    - Oct 7, 2013 9:26am
    Business people are having a hard time in Wenzhou, the Zhejiang city that is known for its entrepreneurship and robust private sector. Defaults, bankruptcies and foreclosures are common these days. Wenzhou was the only one of...
  • SOCAM buys Nanjing sites for 330 mln yuan, filing says

    Oct 7, 2013 8:43am
    SOCAM Development Ltd. (00983.HK) has agreed to buy a 65 percent stake in a company that owns three land parcels in Jiangning district, Nanjing city, for 330 million yuan (US$53.95 million), it said in a regulatory filing...
  • Kaisa Group contracted sales up 28% in September, HKEJ says

    Oct 7, 2013 8:21am
    Kaisa Group Holdings Ltd. (01638.HK) said it booked 2.1 billion yuan (US$342.42 million) in contracted sales during September, a year on year increase of 28 percent and up 16 percent from the previous month, the Hong Kong...
  • ZTE taps Houston Rockets, Sina says

    Oct 7, 2013 7:41am
    ZTE Corp. (00763.HK, 000063.CN) on Sunday announced a partnership with the Houston Rockets, becoming the first and only smartphone provider officially recognized by the NBA team, Sina Technology website reported. Under the deal, ZTE’s smartphone commercials...
  • Sina Weibo won’t find it easy to match Twitter in valuation

    Oct 7, 2013 7:34am
    Twitter unveiled its IPO document Thursday, revealing that it intends to raise up to US$1 billion from its planned listing. With the filing, the US-based provider of online text-messaging service, which allows users to share their...
  • Aviation services to take wing at Shanghai FTZ

    Oct 7, 2013 7:33am
    Among the industries seen benefiting from the newly-launched pilot free-trade zone (FTZ) in Shanghai, aviation-related businesses clustered around the city’s Pudong International Airport, one of China’s primary air gateways, stand a better chance of grabbing quick...
  • Wal-Mart looks to gain ground in Asia, WSJ says

    Oct 7, 2013 7:06am
    Wal-Mart Stores Inc. said it has revamped its practices and legal compliance in the region and is considering acquisitions in China as the retailer faces headwinds in a cornerstone of its global expansion plans, the Wall...
  • Taiwan eyes ways to ease credit risk in mainland, paper says

    Oct 7, 2013 6:44am
    Taiwan’s Financial Supervisory Commission (FSC) is considering changing the method of calculating banks’ credit risk exposure in the mainland, Economic Daily News reported Monday, citing unnamed sources. The credit risk of some banks in the mainland...
  • Mainland, Taiwan regulators to meet Oct 15, paper says

    Oct 7, 2013 6:41am
    The heads of the China Insurance Regulatory Commission and Taiwan’s Financial Supervisory Commission are scheduled to meet in Taipei on Oct. 15, United Daily News reported Monday, without citing any source. Xiang Junbo {項俊波}, chairman of...
  • Macy’s rethinks China plans, WSJ says

    Oct 7, 2013 6:37am
    Macy’s Inc. has shelved an online-expansion plan in China, the latest retailer to do so as economic growth slows in the world’s second largest economy, the Wall Street Journal reported Sunday. The company had planned to begin online...
  • POLICY WATCH: Putting a new shine on gold trade

    - Oct 7, 2013 6:35am
    China is on course to surpass India as the world’s largest gold consumer as Beijing prepares to ease the rules for firms to import and export gold and also make it easier for individuals to buy...
  • Titanic II will replicate the original luxury liner, giving passengers an authentic experience.

    Titanic to rise and sail again

    - Oct 7, 2013 6:00am
    Titanic lives for another maiden voyage, and if you have a lot of cash to spare, you could have the journey of a lifetime. That’s at least the spin. The reality is not much different. To...
  • Pachinko operator Dynam said to invest US$15 mln in IGG IPO

    Oct 4, 2013 6:28pm
    Japanese pachinko operator Dynam Japan Holdings Co. Ltd. (06889.HK) plans to invest US$15 million in IGG Inc.’s initial public offering, becoming a cornerstone investor of the Fuzhou online games developer, a source familiar with the situation...
  • Xi Jinping took fresh initiatives to boost ties with the Asean nations

    WEEKENDER: Not all quiet for top leaders over long holiday

    - Oct 4, 2013 4:29pm
    As the 1.3 billion Chinese people celebrated the “golden week” National Day holidays with a plethora of activities, the Communist Party leadership lost no time in taking big strides on various fronts, preparing for the upcoming...
  • NDRC sets 2014 import quotas for agri-products, govt says

    Oct 4, 2013 1:45pm
    The National Development and Reform Commission has set the 2014 import quota for wheat at 9.64 million tons, of which 90 percent will be allocated for state-owned firms, it said in a statement on its website...
  • Synertone makes foray into satellite leasing, paper says

    Oct 4, 2013 11:24am
    Synertone Communication Corporation (01613.HK) is said to have acquired the usage rights of the satellite resources of IPSTAR Co. Ltd., a joint-venture company under Singapore government-owned investment company Temasek Holdings, in China for US$80 million, Ming...
  • Danone claims 200 mln euros for Fonterra milk scare, report says

    Oct 4, 2013 11:23am
    Danone SA is demanding at least 200 million euros (US$272 million) in compensation from Fonterra Cooperative Group Ltd., Bloomberg News reported Friday, citing a statement from the French food maker. Danone said the compensation amount is...
  • ICBC, Garuda ink US$1.7 bln aircraft leasing deal, report says

    Oct 4, 2013 11:04am
    ICBC Financial Leasing Co. Ltd. has entered into an aircraft leasing agreement with Garuda Indonesia valued at US$1.7 billion, Tencent’s qq.com reported Thursday. The pact was signed by top officials of the two companies in the presence of...