Date
6 December 2019

Business

  • HSBC unit secures 800 mln yuan RQFII quota, paper says

    Oct 1, 2013 12:37pm
    HSBC Global Asset Management (Hong Kong) Ltd., an investment management subsidiary of HSBC Holdings Plc (00005.HK), was granted 800 million yuan (US$130.75 million) quota under China’s Renminbi Qualified Foreign Institutional Investor (RQFII) program, Ming Pao Daily...
  • Cigarette brand recognition high among children, report says

    Oct 1, 2013 12:26pm
    Eighty-six percent of Chinese children were able to identify at least one cigarette brand logo, Xinhua news agency reported Tuesday, citing a new research by University of Maryland School of Public Health and Johns Hopkins Institute...
  • Power Assets to benefit from HK business spinoff

    Oct 1, 2013 11:56am
    Power Assets Holdings (00006.HK) is seeking to raise as much as US$5 billion by spinning off its Hong Kong electricity arm through an initial public offering (IPO). If the deal goes through, it would mark the...
  • Zhong An Real Estate applies to spin off unit, filing says

    Oct 1, 2013 11:48am
    Zhong An Real Estate Ltd. (00672.HK) intends to spin off its China New City Commercial Development Ltd. unit and list it separately on the Hong Kong stock exchange’s main board, the company said in a regulatory...
  • Foreign-invested entertainment venues allowed in FTZ, paper says

    Oct 1, 2013 11:26am
    Foreign-invested entertainment venues will be allowed to operate in the Shanghai Free-Trade Zone under a trial scheme, the People’s Daily reported Monday, citing a statement from the Ministry of Culture. The ministry will also allow joint-venture,...
  • Taiwan banks cut cross-strait remittance fees, paper says

    Oct 1, 2013 11:20am
    Two Taiwan banks have cut processing fees for cross-strait remittances to reflect lower costs following the launch Monday of the island’s new foreign currency settlement platform, Apple Daily reported Tuesday, citing the banks. First Commercial Bank...
  • Ikea selling China-made household solar systems, report says

    Oct 1, 2013 11:09am
    Swedish retailing giant Ikea Group began selling in Southampton household solar systems made by China’s Hanergy Solar Group Ltd. (00566.HK), Sina Finance news portal reported Monday, citing the company. The retailer plans to offer the product...
  • KKR buys 10% of Qingdao Haier for 3.38 bln yuan, report says

    Oct 1, 2013 11:06am
    Qingdao Haier Co. Ltd. (600690.CN) said Monday that it has agreed to sell around 300 million A-shares, equivalent to 10 percent stake, to US investment company KKR & Co L.P. via a private share placement, Panorama...
  • BMW Brilliance to recall 75,832 5-series cars, govt says

    Oct 1, 2013 11:03am
    BMW Brilliance Automotive Inc. plans to recall a total of 75,832 cars in China from Nov. 29 due to a potential circuit problem of the tail light sets that may be a safety concern, according to...
  • Qunar travel service files for US$125 mln IPO, Bloomberg says

    Oct 1, 2013 11:02am
    Qunar Cayman Islands Ltd., an online travel service provider controlled by mainland search engine firm Baidu Inc., aims to raise as much as US$125 million in the biggest US initial public offering by a Chinese company...
  • Japanese tourists in China down 25.5% in August, Kyodo says

    Oct 1, 2013 10:56am
    The number of Japanese tourists visiting China in August dropped 25.5 percent to 267,000 from a year earlier, Kyodo news agency reported Monday, citing China’s National Tourism Administration. The decline, the 14th month in a row,...
  • What’s blocking growth of family rooftop solar power?

    Oct 1, 2013 10:42am
    Silicon Valley icon Elon Musk is not only known for his sleek Tesla electric cars; his solar power station unit, Solar City, is one of the biggest in this new energy business in the United States....
  • Telcos, internet giants in mobile payments war

    - Oct 1, 2013 10:25am
    China’s state-owned telecom giants have taken up the gauntlet thrown down by the big internet players in the emerging field of on-the-go payments business. And this time, it seems that the Big Three — China Mobile...
  • Great Wall Motor in fast lane to expansion

    Oct 1, 2013 8:55am
    Its SUVs may be in huge demand but Great Wall Motor’s (02333.HK) sales appear to be hamstrung by a lack of capacity. Based on the company’s operations update, its production and marketing volumes between January and...
  • Germans carmakers think small in China, WSJ says

    Oct 1, 2013 8:52am
    German luxury auto makers are stepping up plans to offer a wider selection of small cars and sport-utility vehicles in China, the Wall Street Journal reported on Monday. Producing smaller, made-in-China luxury cars in the country means...
  • CNOOC secures oil production license in Uganda, Xinhua says

    Oct 1, 2013 8:50am
    China National Offshore Oil Corporation (CNOOC) said Monday that it has secured approval from the Ugandan government for an oil production license at the Kingfisher oilfield, Xinhua news agency reported. The win marked the first independent...
  • Smaller carmakers face squeeze from ‘lemon law’, Reuters says

    Oct 1, 2013 8:50am
    A beefed-up vehicle warranty law that takes effect in China on Tuesday is likely to raise costs for smaller local players that may add to pressure for eventual consolidation in the nation’s fragmented car industry, Reuters...
  • Beijing public buildings to pay for more energy use, paper says

    Oct 1, 2013 8:48am
    Public buildings in Beijing will pay progressively higher rates for utilities such as electricity and water under a tiered pricing system designed to conserve resources, Beijing News reported Tuesday, citing a draft plan posted for public consultation...
  • Toshiba may close TV manufacturing plant in China, Sina says

    Oct 1, 2013 8:42am
    Japan’s Toshiba Corp. will close two of its three television manufacturing plants in China, Indonesia and Poland by March 2014, the Sina Technology website reported Monday, citing a company statement. The company also said it will...
  • China smartphone, tablet sales remained strong in 2Q, paper says

    Oct 1, 2013 8:40am
    Consumers in mainland China spent a total of 157.77 billion yuan (US$25.8 billion) on smartphones, tablets and laptop personal computers in the second quarter, purchasing a combined 92.37 million units, the South China Morning Post reported...