Date
28 January 2020

World

  • PBoC injects short-term liquidity to market, HKEJ says

    Dec 20, 2013 6:56am
    The People’s Bank of China (PBoC) said it has recently injected liquidity into the market and will continue to do so if necessary, the Hong Kong Economic Journal reported Thursday, citing a weibo post by the central...
  • China may need at least 50 trillion yuan to support its new-style urbanization plan this decade. Photo: Bloomberg

    POLICY WATCH: CDB to lend a helping hand in urbanization

    - Dec 20, 2013 6:49am
    China Development Bank (CDB), one of the country’s major policy lenders, will play a big role in supporting the urbanization drive of the world’s most populous nation, in keeping with its basic overall charter of being...
  • China art market may have suffered steeper fall, report says

    Dec 19, 2013 4:09pm
    China’s art market suffered a much-steeper decline last year than industry experts previously suggested, with roughly half of the country’s auction offerings going unsold in 2012, the Wall Street Journal reported, citing a study published Wednesday...
  • China State Construction Engg buying a US firm, WSJ says

    Dec 19, 2013 4:00pm
    China State Construction Engineering Corp., the country’s largest construction firm by revenue, is making its first acquisition in the US market through its American subsidiary, the Wall Street Journal reported. China Construction America, the US subsidiary, on...
  • Max Baucus may be named US ambassador to China, report says

    Dec 19, 2013 3:12pm
    US President Barack Obama plans to nominate Sen. Max Baucus as the nation’s next ambassador to China, the South China Morning Post reported Thursday, citing unidentified American officials. If confirmed by the Senate, Baucus will replace Ambassador...
  • Free trade zones eyed along Silk Road economic belt, MoC says

    Dec 19, 2013 3:12pm
    China may set up more free trade zones in cities along the Silk Road economic belt (SREB) and the Maritime Silk Road, the Ministry of Commerce (MoC) said in a statement Wednesday. In September, President Xi...
  • Regulator seeks to diversify SOE shareholding, paper says

    Dec 19, 2013 2:57pm
    China will promote a mixed-ownership economy by diversifying the shareholding structure of state-owned enterprises (SOEs), China Daily quoted an official with the state-assets regulator as saying Thursday. Huang Shuhe, vice-chairman of the State-owned Assets Supervision and Administration...
  • Stronger economic recovery triggers Fed tapering, Xinhua says

    Dec 19, 2013 2:50pm
    The United States Federal Reserve’s decision to scale back its monthly bond purchases reflects the central bank’s improved confidence over the nation’s economic recovery, Xinhua news agency reported. The Fed announced Wednesday that it will reduce...
  • Hong Kong has more room for development, Xinhua says

    Dec 19, 2013 11:38am
    President Xi Jinping has promised more room and opportunities for Hong Kong’s development, the official Xinhua news agency reported Wednesday. Xi made the remarks after hearing a report by Hong Kong Chief Executive Leung Chun-ying on the...
  • GSK to stop paying doctors to promote its drugs, paper says

    Dec 19, 2013 11:36am
    Drugmaker GlaxoSmithKline will stop paying doctors to promote its pharmaceuticals and scrap prescription targets for marketing staff, Shanghai Daily reported Wednesday. GSK also said it will stop paying health care professionals to attend medical conferences as it...
  • Guangzhou set for further SOE reform, paper says

    Dec 19, 2013 10:27am
    Guangzhou is preparing for the next stage of reform of its state-owned enterprises (SOEs), Shanghai Securities News reported Thursday. Eight major tasks are planned for the next round of restructuring including debt reduction, tighter oversight, improved...
  • China, S Korea tighten food, and drug safety ties, Yonhap says

    Dec 19, 2013 10:12am
    China and South Korea will hold talks about strengthening cooperation on food and drug safety, Yonhap news agency reported Wednesday. The discussions coincide with the ongoing visit to Beijing of Chung Seung, South Korea’s food and drug...
  • China forex reserves up nearly US$302 bln Jan-Sept, Xinhua says

    Dec 19, 2013 9:49am
    China has boosted its foreign exchange reserves by US$301.7 billion during the first nine months of this year, Xinhua news agency reported Wednesday, citing the State Administration of Foreign Exchange (SAFE). As of end-September, the country’s forex...
  • China expands research bases in Antarctica, paper says

    Dec 19, 2013 8:58am
    China is expanding its presence at the South Pole with a fourth antarctic base, China Daily reported Wednesday. Workers from its Zhongshan Station are building the Taishan summer field camp. Also, site inspections will be carried out...
  • Chinese outbound investment surges this year, paper says

    Dec 19, 2013 8:58am
    Chinese outbound investment surged 28.3 percent in the first eleven months of this year, China Daily reported Thursday, citing the Ministry of Commerce. Outbound investment, calculated on the basis of deals closed, rose to US$80.2 billion in the...
  • Taiwan issues Jiangxi bird flu travel alert, CNA says

    Dec 19, 2013 8:41am
    Taiwan has issued a level-2 travel alert on Jiangxi province after the world’s first confirmed human infection of the H10N8 bird flu strain in Nanchang city, Central News Agency reported Wednesday. The victim, a 73-year-old woman,...
  • Shandong encouraging M&As, revamp of listed firms, paper says

    Dec 19, 2013 7:01am
    Shandong provincial financial authorities and securities regulator are encouraging restructuring and mergers and acquisitions activities among listed firms, China Securities Journal reported Thursday, citing a government source. In other initiatives, the local government vowed to maintain...
  • Shanghai has taken the lead in state enterprise reform in China. Photo: Reuters.

    POLICY WATCH: Shanghai takes first crack at SOE reform

    - Dec 19, 2013 6:49am
    Shanghai has become the first local government in China to unveil detailed guidelines for state-owned enterprises (SOEs) reform following a call by the nation’s top leaders last month to enhance the efficiency and sharpen the role...
  • HK, Shanghai can prosper together, top economist says

    Dec 18, 2013 6:26pm
    The financial industries of Hong Kong and Shanghai both have promising prospects due to the growth in income and wealth in China and economic development in Asia, a top economist said Wednesday. Andrew Sheng, president of...
  • ASEAN liftoff offers profitable ride for China

    Dec 18, 2013 4:01pm
    The rise of the Association of Southeast Asian Nations (ASEAN) is inevitable and China should use the opportunity to tighten links with the region and generate benefits for all. So wrote Sun Mingchun, vice president of...