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  • October 20, 2014
  • Last updated: 5:52pm
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  1. Comment - Insight & Opinion - LEADER

    US and China must keep politics out of business

    Posted Oct 20th 2014, 05:08am by SCMP Editorial

    ... SCMP Editorial Keep politics out of business A Chinese company buying an American hotel should not raise eyebrows. But the hotel being bought by the Anbang Insurance Group is New ... was rejected in 2005 and the network equipment makers Huawei and ZTE were prevented from doing business with US telecommunications companies in 2012. It was also why President Barack Obama blocked ...

  2. Comment - Blogs

    Weibo: Smog worries execs, Qihoo admits defeat to Tencent

    Posted Oct 20th 2014, 04:48pm by Doug Young

    ... several executives at Lenovo, which unleashed a flurry of buzz after the company's announcement of vague plans to set up a separate unit dedicated to smart devices. Let's jump right ... Autohome (NYSE: ATHM) among the many who commented on the issue. Lenovo vice president Wei Jianglei took a humorous approach, commending his company's CEO Yang Yuanqing, who was running ...

  3. Business - China Business - EARNINGS

    Sinopharm sees first-half profit jump 27pc on government incentives

    Posted Aug 25th 2014, 10:58am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Sinopharm, the mainland’s largest pharmaceutical company, jumped to 17-month high in Hong Kong trading after it reported a 27 per cent increase in net profit ... incentives to promote reform of the mainland’s healthcare system, the company said in an exchange filing on Monday. It did not declare any dividend payout for the period. [The] pharmaceutical ...

  4. Property - Hong Kong & China - LAND SALES

    Hong Kong industrial plot for sale as manufacturers show interest to move back

    Posted Sep 30th 2014, 09:44am by Sandy Li

    ... back to Hong Kong," said Danny Lau Tat-pong, the owner of industrial and architectural coating company Kam Pin Industrial. Lau has a 40,000 sqmetre manufacturing plant in Dongguan, ... investors." The site in Kwai Chung would be attractive to watch, jewellery and food-processing companies, he said. Federation of Hong Kong Industries chairman Stanley Lau Chin-ho said the organisation ...

  5. Business - Economy - RETAIL

    Hong Kong protests put huge dent in Asia luxury goods sales

    Posted Oct 20th 2014, 05:05am by AFP

    ... Consultants Bain & Company have forecast that the luxury goods market in China will contract for the first time ever this year. The crisis in Hong Kong "will have an impact" ... market". This will have a clear impact on companies like Switzerland's Richemont, Britain's Burberry and Mulberry and Italy's Prada, and many luxury brands are reining ...

  6. Business - Companies - COMPANIES

    Yung family finds there is life after Citic

    Posted Oct 20th 2014, 05:05am by Enoch Yiu, Eric Ng, Peggy Sito

    ... Yung may join his father's company. His father always wanted him to rejoin the family business," a source familiar with the situation told the South China Morning Post. Many brokers ... investors against Larry Yung and four former Citic directors and the company for alleged delays in disclosing HK$15.5 billion in foreign exchange losses in 2008. The SFC alleged they did not reveal ...

  7. Business - Companies - ENERGY

    Hot summer sees Hong Kong lead way in CLP electricity sales

    Posted Oct 20th 2014, 02:08pm by Sophie Yu

    ... the company said. Sales to mainland China dropped 26 per cent to 1,023 GWh on lower committed sales to Guangdong Power Grid Corp, CLP said. It said coal prices continued their downward spiral in the international and domestic markets this year. The on-grid tariff rates of CLP’s coal-fired projects in mainland China have been reduced since last month, but the company said the impact was “more than ...

  8. Business - Companies - LISTINGS

    Fosun Pharmaceutical begins taking IPO orders from big investors

    Posted Oct 16th 2012, 12:00am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Shanghai pharmaceutical firm starts taking orders for much-delayed listing that is pitched as inexpensive and closely watched by market Fosun in I.P.O. push for big investors Shanghai Fosun Pharmaceutical will start taking orders from institutional investors today in a bid to raise up to US$593 million through a much-delayed initial public offering. ...

  9. Business - Companies - ACQUISITIONS

    Qatar sovereign fund buys 19.9pc of Sogo operator Lifestyle for HK$4.8b

    Posted Oct 20th 2014, 09:50am by TIFFANY AP

    ... controlling shareholder Real Reward, co-owned equally by the company’s chief executive Thomas Lau Luen-hung and Cheng Yu-tung’s Chow Tai Fook Enterprises, had agreed to sell the stake at HK$14.75 ... at HK$14.60 on September 24. The company’s operations had been slightly affected by the Occupy Central protests, with the pro-democracy movement’s Causeway Bay encampment having been set up outside ...




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