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  1. New resources tax plan to triple cut on coal sales

    Posted Nov 29th 2007, 12:00am by Carol Chan, Eric Ng

    ... Carol Chan and Eric Ng Beijing is expected to triple the resources tax on coal and may also raise the levy on other minerals as part of its efforts to slow exploitation of the country's natural resources, a government official said. A proposal on the new resources tax had been submitted to the State Council, China Business News reported yesterday, citing lawmaker Sun ...

  2. Coal shares tumble on concern over resource tax reform

    Posted Jul 05th 2008, 12:00am by Eric Ng

    ... Congress' Regulation Office of Environmental and Resources Protection Commission, was quoted by China Business News last November as saying Beijing wanted to increase that to 3 per cent of revenues. ... Eric Ng Mainland coal stocks tumbled on speculation the central government would unveil a long-expected drastic rise in resource tax paid by coal miners as soon as this weekend, in a bid ...

  3. Resources tax raised for coalminers

    Posted Aug 05th 2004, 12:00am by Eric Ng

    ... Eric Ng The policy is believed to be aimed at encouraging energy efficiency and reducing pollution in China The central government has raised the resources tax on the coal-mining sector, ... and widespread power rationing. In a statement to Hong Kong Exchanges and Clearing, Yanzhou Coal Mining said the 1.2 yuan per tonne resources tax it was paying would be increased to 2.4 yuan a tonne ...

  4. Business - China Business - RESULTS

    China Resources, brewer of Snow beer, to expand retail outlets

    Posted Aug 18th 2012, 12:00am by Charlotte So

    ... cent on HKEx China Resources' growth rises China Resources Enterprise, the brewer of Snow Beer, the mainland's No 1 beer in terms of sales volume, said it will grow its retail outlets ... Kirin Brewery. Frank Lai Ni-Hium, chief financial officer of China Resources, said: "We want to get ahead of our competitors as they delay their expansion amid the grim economic ...

  5. China Power hires Merrill to co-ordinate share sale

    Posted Feb 14th 2004, 12:00am by Denise Tsang

    ... Power International and China Resources Power. ... Denise Tsang China Power International, the Hong Kong unit of one of the five state energy groups, has appointed Merrill Lynch as the sole global co-ordinator of its planned US$800 million ...

  6. China Petrochemical escapes full resource tax

    Posted Oct 15th 2011, 12:00am

    ... Eric Ng eric.mpng@scmp.com China Petrochemical, the mainland's second-largest oil and gas producer, will not have to pay the full resource tax rate as Beijing plans to charge less ... of output basis, which meant the taxes collected did not rise along with energy prices. Assuming Sinopec and rival PetroChina will pay a resource tax rate of about 4 per cent, as most ...

  7. Mainland data helps power surge in stocks

    Posted Oct 25th 2011, 12:00am

    ... rose, and the best and worst performers were both units of state-owned China Resources Group- China Resources Land rose 9.99 per cent while China Resources Enterprise gained 0.89 per cent. ... the HSBC Flash China Manufacturing Purchasing Managers' Index rose to a five-month high of 51.1 points this month. The preliminary survey swung into positive territory for the first time since ...

  8. Resourceful China missing from G7 show

    Posted Feb 07th 2004, 12:00am by Stephen Craig

    ... interest rates. Amid this weekend's closed-door discussions, it seems odd that one country rarely out of the economic headlines is not present. China, so inextricably connected with its dollar peg and bilateral trade with the US, is absent. After all, if China was guilty as charged with exporting deflation, could it not also be a future exporter of inflation? China ...

  9. Newton Resources to have another go at HK listing

    Posted Jun 21st 2011, 12:00am

    ... Toh Han Shih Hanshih.toh@scmp.com Newton Resources is expected to list in Hong Kong on July 4, after aborting a fund-raising plan last year amid a fraud scandal involving former ... Yan Hong named in the SEC complaint'. In its complaint, the SEC alleged a separate company, China Energy Savings Technology, was involved in stock manipulation to obtain a listing ...

  10. Lack of resources to police a polluter-pays policy

    Posted Aug 27th 2005, 12:00am by Cary Huang

    ... Cary Huang The time is not yet ripe for China to introduce an environment tax or a waste-discharge tax. An unnamed official told Xinhua yesterday that the Ministry of Finance would use ... that a waste-discharge tax would require a large number of professional assessors and such revenue collection methods did not match the self-declaration principle which forms the basis of China's tax ...




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