Translation from English

Thursday, March 26, 2015

South China Morning Post- Business

China’s ICBC bank 2014 profits up 5 per cent, bad debt ratio climbs
Industrial & Commercial Bank of China, the world’s largest bank by assets, held up worse than expected in 2014, with profits hitting 275.8 billion yuan, rising just 5 per cent on the year...
26 Mar 2015 - 9:05pm
PetroChina’s 2014 net profit tumbles 17.3 per cent as plunge in oil prices weigh
PetroChina, the nation’s largest oil and gas producer, posted a 17.3 per cent decline in net profit for last year on the back of oil prices which tumbled to its lowest in six years.
26 Mar 2015 - 5:36pm
PetroChina’s 2014 net profit tumbles 17.3 per cent as plunge in oil prices weigh
CK Hutchison Holdings is offering a discount of nearly 20 per cent for its new batch of units in Tseung Kwan O, selling them at prices that are up to 10 per cent lower than the going rates for...
26 Mar 2015 - 9:44pm
PetroChina’s 2014 net profit tumbles 17.3 per cent as plunge in oil prices weigh
Industrial Securities, a mid-sized mainland brokerage that plans a Hong Kong initial public offering, has lobbied the mainland regulator to exempt its state-owned shareholders from giving free...
27 Mar 2015 - 12:34am

BANKING & FINANCE

China’s Bank of Communications 2014 profits up, but behind 2013 pace
Deteriorating economic conditions in China took a toll in the last quarter of 2014 on Bank of Communication, the mainland’s fifth-largest commercial bank by assets.
26 Mar 2015 - 8:11pm

ECONOMY

Beijing has quietly lifted QFII’s US$1 billion investment ceiling, SAFE says
Mainland authorities have effectively lifted the US$1 billion ceiling for qualified foreign institutional investors (QFII), but further reform to the system would take time, the State...
27 Mar 2015 - 12:50am

MONEY

Chart of the day: Cable clings to key support
Cable clings to key support
27 Mar 2015 - 8:54am

COMPANIES

China Aircraft Leasing profits climb 75.5pc
Strong demand for planes from mainland airlines drove rapid profit growth at China Aircraft Leasing (CALC) in 2014, the company said late on Thursday.
CALC profits soared 75.5 per cent to...
27 Mar 2015 - 8:53am

CHINA BUSINESS

Air China books 14pc increase in 2014 net profit
Air China posted on Thursday a 13.97 per cent increase in net profit and proposed to appoint former Hong Kong airport chief Stanley Hui Hon-chung as a non-executive director.
27 Mar 2015 - 12:27am

COMMODITIES

Mainland China imports less gold from Hong Kong as prices fall
Mainland China's gold imports from Hong Kong fell last month to their lowest in six months as purchases slowed in the world's second-biggest gold consumer amid weaker prices.
26 Mar 2015 - 10:00pm

Companies

Kerry Logistics posts 10pc gain in core net profit
Kerry Logistics Network is planning to enter the mainland express courier market - a rare move taken by foreign companies - after reporting double-digit growth in its profits last year.
27 Mar 2015 - 1:00am
Li & Fung spin-off Global Brands says turnover up 5pc to US$3.45 billion
Global Brands Group Holding, the Bruce Rockowitz-led purveyor of mid-market consumer brands, announced on Thursday a 5 per cent increase in turnover to US$3.45 billion and hinted at the launch...
Updated 27 Mar 2015 - 9:32am
Small is beautiful for investment banks in Kraft-Heinz deal
Lazard and Centerview Partners have only a fraction of the staff and resources of their larger investment banking brethren, such as Goldman Sachs Group and JP Morgan Chase.
26 Mar 2015 - 9:53pm
Small is beautiful for investment banks in Kraft-Heinz deal
Japanese electronics supplier Panasonic Corp said it was ready to spend 1 trillion yen (HK$64.8 billion) on acquisitions over the next four years, emboldened by a stronger profit outlook for its...
26 Mar 2015 - 9:05pm
Small is beautiful for investment banks in Kraft-Heinz deal
CK Hutchison Holdings is offering a discount of nearly 20 per cent for its new batch of units in Tseung Kwan O, selling them at prices that are up to 10 per cent lower than the going rates for...
26 Mar 2015 - 9:44pm
Small is beautiful for investment banks in Kraft-Heinz deal
K Wah International Holdings’ net profit rose 11 per cent last year to HK$1.83 billion, thanks to increased property revaluation gains.
26 Mar 2015 - 6:21pm
Small is beautiful for investment banks in Kraft-Heinz deal
Shanghai-based conglomerate Fosun International posted 6.85 billion yuan (HK$8.55 billion) in profits for 2014, up 24 per cent year on year, the company said.
Revenues hit 61.7 billion yuan...
26 Mar 2015 - 9:05am
Small is beautiful for investment banks in Kraft-Heinz deal
Enterprise technology powerhouse Oracle aims to recruit 1,000 new sales staff across the Asia-Pacific region to drum up more business for its "cloud computing" operations.
26 Mar 2015 - 10:37am

Banking & Finance

Industrial Securities seeks waiver on free-shares rule for planned HK listing
Industrial Securities, a mid-sized mainland brokerage that plans a Hong Kong initial public offering, has lobbied the mainland regulator to exempt its state-owned shareholders from giving free...
27 Mar 2015 - 12:34am
China’s ICBC bank 2014 profits up 5 per cent, bad debt ratio climbs
Industrial & Commercial Bank of China, the world’s largest bank by assets, held up worse than expected in 2014, with profits hitting 275.8 billion yuan, rising just 5 per cent on the year...
26 Mar 2015 - 9:05pm

Commodities

Shares of Aluminum Corporation of China (Chalco) dropped as much as 2.8 per cent after the nation’s largest smelter of the lightweight industrial metal posted its biggest annual net loss.
26 Mar 2015 - 6:17pm
Lower oil price erodes PetroChina profit
PetroChina, the nation’s largest oil and gas producer, posted a 17.3 per cent decline in net profit for last year on the back of lower oil price.
26 Mar 2015 - 5:03pm

Economy

China's government debt-bond swap plan expected to draw investors
China's local government debt-for-bond swap programme, with an initial size of 1 trillion yuan (HK$1.25 trillion) this year, might attract a variety of investors without triggering a US-type...
26 Mar 2015 - 12:39am
China's economic growth decelerates in Q1 2015 - surveys show

China’s economic growth may have decelerated in the first quarter of 2015, two private surveys indicated, although the institutions conducting the surveys appeared to split on how the...
24 Mar 2015 - 9:48pm

China Business

Huaneng Power may buy more assets from parent company
Huaneng Power International will target plants owned by its parent when buying assets in future, says a senior executive.
The firm is also not concerned about any short-term impact from...
27 Mar 2015 - 12:23am
China strong enough to face reform risks, experts say
The Chinese economy is growing strongly enough to withstand the potential risks from further financial market and foreign-exchange liberalisation, experts said yesterday.
26 Mar 2015 - 10:13pm

Property

Property revaluation gains boost K Wah’s bottom line
K Wah International Holdings’ net profit rose 11 per cent last year to HK$1.83 billion, thanks to increased property revaluation gains.
26 Mar 2015 - 6:21pm
Five items to add to your home
Rock the Chinese zodiac with this hand-carved wooden beast. Think outside the box for meals with this colourful square rice cooker. And many more...
25 Mar 2015 - 9:42pm
Five items to add to your home
A powerful mixture of increasingly sophisticated retail consumers and online shopping in China is forcing traditional retailers to reconsider the classic indoor commercial model in inventive new...
25 Mar 2015 - 6:00am

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