Translation from English

Thursday, August 21, 2014

South China Morning Post- Business


Accounting firm Grant Thornton has a problematic history in Hong Kong.
22 Aug 2014 - 9:19am
Hong Kong-listed conglomerate Fosun says it is determined to stay on the hunt for acquisitions, brushing off ratings agency concerns that debt-fuelled overseas investments are hurting its...
22 Aug 2014 - 9:28am
The European Commission plans no retaliation over China's probe of carmakers that has slapped Europe's biggest marques with fines and demands for price cuts that industry watchers say smack more...
22 Aug 2014 - 1:21am
The mainland's factory sector expanded at its slowest pace in three months as new orders and production moderated, a private survey showed, increasing the pressure for more policy easing given the...
22 Aug 2014 - 1:21am

BANKING & FINANCE

Growth in net profit at Bank of Communications, China's fifth-largest bank, more than halved in the first half of the year from the same period last year as the bank mulls major shareholding...
22 Aug 2014 - 1:21am

ECONOMY

The mainland's factory sector expanded at its slowest pace in three months as new orders and production moderated, a private survey showed, increasing the pressure for more policy easing given the...
22 Aug 2014 - 1:21am

Companies

Redco Properties bid 681.3 million yuan (HK$858.8 million) to win an 88,000 square metre residential development site in Heifei, the capital of Anhui province, at public auction.
22 Aug 2014 - 9:33am

China Business

The Lenovo Group start-up fund that backed iDreamsky Technology through its initial public offering in the United States this month has three more candidates that are almost ready for share sales...
22 Aug 2014 - 1:21am

COMMODITIES

China Rongsheng Heavy Industries is diversifying into oil and gas exploration via a HK$2.2 billion acquisition in Kyrgyzstan, one week before the embattled shipbuilder is scheduled to report...
22 Aug 2014 - 1:54am

Markets

Stock Quotes

STOCK TALK

13Dec
UBS sees the Hang Seng Index gaining at least 15 per cent next year on the back of improving earnings growth in sectors like consumption, internet commerce and non-bank financial firms.

SPENDING

Amid the mainland’s clampdown on visible luxury, high-net-worth individuals are shifting away from merely owning things to seeking experiences that will help them acquire a modicum of savoir faire...
18 Jun 2014 - 1:36am

Wealth

The world’s richest people are clinging to stockpiles of zero-yielding cash despite a surge in financial markets and increasingly sophisticated attempts by private banks to entice them into...
23 Jun 2014 - 9:26pm
  

Companies

Hong Kong-listed conglomerate Fosun says it is determined to stay on the hunt for acquisitions, brushing off ratings agency concerns that debt-fuelled overseas investments are hurting its...
22 Aug 2014 - 9:28am
Redco Properties bid 681.3 million yuan (HK$858.8 million) to win an 88,000 square metre residential development site in Heifei, the capital of Anhui province, at public auction.
22 Aug 2014 - 9:33am
SCMP Group, publisher of the South China Morning Post, expects its core business to remain sturdy as the company sharpened its focus on developing strategic opportunities in both traditional print...
22 Aug 2014 - 1:55am
Li & Fung, the world's largest sourcing company, reported a 9 per cent decline in core operating profit to US$227 million in the first half of the year and the firm expects a tough second half...
22 Aug 2014 - 1:21am
Two of the world's biggest retailers are in the e-commerce headlines, led by a move into Shanghai's new pilot free trade zone by global giant Amazon (Nasdaq: AMZN).
21 Aug 2014 - 6:59pm
Shares of mainland sportswear retailer Xtep International dropped over 5 per cent on the announcement that first-half profit fell by 56.7 million yuan (HK$71.4 million) to 284.2 million yuan.
21 Aug 2014 - 4:10pm
China’s largest online alcohol retailer Jiuxian announced it had received a 300 million yuan (HK$377.9 million) equity investment from several major state-run banks, despite a recent slump in the...
21 Aug 2014 - 6:37pm
Singamas Container Holdings, the world's second-largest container manufacturer, is expecting a surge in orders as it reported a sharp fall in profit for the first half.
22 Aug 2014 - 12:43am

Banking & Finance

Bank of England governor Mark Carney lost his consensus on interest rates this month as two policymakers broke ranks and voted for higher borrowing costs.
21 Aug 2014 - 1:28am
The Hong Kong Monetary Authority put the blame for Standard Chartered's anti-money laundering failures squarely on the bank's New York operations yesterday in response to queries from the South...
21 Aug 2014 - 5:32am

Commodities

Hebei, the top steel province on the mainland, saw output fall 6 per cent on the year to reach its lowest rate in eight months, hit by weaker demand as well as a state campaign to shut polluting...
22 Aug 2014 - 1:21am
The enigma machine that is the London aluminium market has shifted gears again.
21 Aug 2014 - 1:28am

Economy

Hong Kong swept a travel survey by winning titles for the best airline, airport, hotels and the best city for business.
21 Aug 2014 - 5:38am
Japan's exports rose last month for the first time in three months in a tentative sign that demand overseas is starting to recover, which could raise hopes that exports can offset a slump in...
21 Aug 2014 - 1:28am

China Business

Accounting firm Grant Thornton has a problematic history in Hong Kong.
22 Aug 2014 - 9:19am
Beijing aims to double domestic spending on tourism by 2020 by offering financial and other support to develop the sector, the government said yesterday, as it seeks to boost spending at home to...
22 Aug 2014 - 1:54am

Property

Poly Property Group said yesterday it would speed up sales in the second half to hit its full-year target of 28 billion yuan (HK$35.3 billion) and maintain a gross profit margin of 25 per cent.
22 Aug 2014 - 12:49am
SOHO China says it will continue to explore buying opportunities in prime locations in Beijing and Shanghai as the uncertain market outlook for the mainland’s residential market provides...
21 Aug 2014 - 2:03pm
Kerry Properties said net profit plunged 56 per cent in the first half but it is confident it will hit its sales target for the year of HK$12 billion.
21 Aug 2014 - 11:54pm

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