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  1. Billions gone missing

    Posted Mar 25th 2011, 12:00am by Staff Reporter

    ... Staff Writer Five billion yuan (HK$6 billion) is missing from the accounts of the Beijing-Shanghai high-speed railway project. Rail minister Liu Zhijun was fired from his job last month and is under investigation for disciplinary issues. Around 187 million yuan has been embezzled- a kind of financial fraud- and the rest has been lost on illegal tendering, bad money management and fake ...

  2. Doubts remain on railway safety

    Posted Jan 02nd 2012, 12:00am

    ... directed at just three people: former railways minister Liu Zhijun, dismissed amid corruption allegations months before the crash; Zhang Shuguang, the ministry's former chief engineer, sacked along with Liu; and Ma Cheng, president of the China Railway Signal and Communication Corporation, who died shortly after the accident. Liu and Zhang face criminal charges, while another 54 ...

  3. Railways to stay in hands of state

    Posted May 11th 2011, 12:00am

    ... to rampant graft. Former railways minister Liu Zhijun was sacked in February on suspicion of corruption linked to tenders for lucrative construction projects. In his online chat with internet users ...

  4. Property - Hong Kong & China - MAINLAND

    Affordable-housing sales poor in tier-one mainland cities

    Posted Feb 20th 2013, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Big-city affordable-housing sales weak Sales of government-subsidised housing in Shanghai and Beijing have been disappointing because those who qualify for such flats cannot afford the high purchase prices, agents and property analysts say. "The sales of affordable housing in Shanghai are not good because the qualifying salary ceiling is too ...

  5. Property - Hong Kong & China - PEOPLE IN PROPERTY

    Sun Hung Kai's Beijing manager Ian Choy has learned to adapt

    Posted Nov 21st 2012, 12:00am by Yvonne Liu

    ... Yvonne Liu yvonne.liu@scmp.com Sun Hung Kai's man in the capital has seen shopping malls evolve rapidly, and remembers some of the early challenges Beijing veteran learns to adapt Fifteen years ago, the concept of a "shopping mall" was still new in Beijing when Ian Choy Chi-keung, chief local representative of Sun Hung Kai Properties, was tasked with opening a new ...

  6. Railway official 'owns US$1m California villa'

    Posted Dec 21st 2011, 12:00am

    ... Ding Shumiao, a businesswoman from Shanxi province who supplied equipment to the railways, was arrested in Beijing in January. Zhang, 55, was believed to have been the right-hand man to Liu Zhijun, the former railways minister who was sacked and removed from the Communist Party in February for 'severe violations of discipline'. Liu is accused of taking as much as 1 billion ...

  7. More rail officials probed on corruption suspicions

    Posted Jul 22nd 2011, 12:00am

    ... the sacking of former railways minister Liu Zhijun in February. The Communist Party's anti-graft agency put Su Shunhu, deputy director of the Ministry of Railways' Transportation Bureau, ... the personal cut which former railways minister Liu Zhijun took from some of the mainland's high-speed rail projects ...

  8. Soho on track to achieve 10b yuan sales target

    Posted Oct 26th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Strong demand for office and retail space in Beijing is driving prices steadily higher and will help developer Soho China reach its contract sales target of 10 billion yuan (HK$11.35 billion) this year, according to chairman Pan Shiyi. 'Sales are exceeding our expectations. We have been raising our asking prices by 1 per cent every 20 days for the past few months, ...

  9. Sales surge in Beijing but analysts still cautious

    Posted Mar 25th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu The weather is warming up in Beijing but it will be a while before the same can be said with any confidence for the property market in the capital. True enough, January and February sales volumes were encouraging after a gloomy year in which the number of transactions dropped 40 per cent. But the devil remains in the details, analysts say. According to data collated ...

  10. Beijing North expects price bottom in 2010

    Posted Mar 20th 2009, 12:00am by Yvonne Liu

    ... Yvonne Liu Beijing North Star chairman He Jiangchun expects the mainland property market to remain depressed until the second half of 2010 as the global financial crisis has yet to bottom out. Property sales in many mainland cities increased significantly in the last two months, but Mr He said the active transactions were not sustainable. He said property prices would continue ...




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