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  • August 23, 2014
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  1. Business - Companies - EARNINGS

    Building boom drives China State Construction’s first-half profit up 25pc

    Posted Aug 14th 2014, 01:59pm by Peggy Sito

    ... projects had not been recognised in the first half as they were still in their initial stages. China State Construction International is controlled by China Overseas Holdings, which is controlled ... Peggy Sito peggy.sito@scmp.com China State Construction International posted a 24.93 per cent jump in first-half net profit as construction business boomed in Hong Kong and Macau. ...

  2. News - China - FINANCE

    UBS orders internal probe as banker is named in affair, graft allegations against state firm chairman

    Posted Apr 16th 2014, 11:07am by George Chen, Amy Li, Ray Chan

    ... Chinese state-owned enterprises, the sources told the Post. Wang Wenzhi, a Chinese journalist who last year publicly accused Song Lin, the 51-year-old chairman of state-owned conglomerate China ... ordered an internal investigation into allegations against a senior Hong Kong-based banker, just one day after a Chinese journalist and whistle-blower accused her of having an extramarital affair ...

  3. Business - Money - LISTINGS

    Lukewarm retail response sees China Vast add to international IPO offering

    Posted Aug 22nd 2014, 10:36am by Enoch Yiu

    ... investors. Cornerstone investor Dyfed Holdings subscribed for 75 million shares, or 22.87 per cent of the offering. The shares will begin trading on Monday. China Vast, which develops large ... rights and construction costs for developing residential and commercial property. The remainder would be for developing industrial town projects and general working capital. China Vast built its ...

  4. Income at China State Construction up 34pc

    Posted Aug 15th 2007, 12:00am by Carol Chan

    ... Carol Chan Hong Kong-listed builder China State Construction International Holdings posted a 34 per cent rise in first-half profit on the back of more contracts in Macau and Dubai. Net ... there by 2010. Last month, China State Construction revealed plans to acquire assets from its parent company, including a construction firm in Shenzhen and construction insurance services operations ...

  5. China Resources HQ to get green facelift

    Posted Mar 18th 2009, 12:00am by Peggy Sito

    ... Peggy Sito China Resources Properties will begin renovating its 30-year-old headquarters in Wan Chai by the end of the year as it attempts to enhance the valuation of its property portfolio and lift its international image as a green developer. Managing director Winson Chow said the unlisted unit of state-owned China Resources Holdings hoped to upgrade the China Resources ...

  6. Business - Companies - TOURISM

    China Travel International profit up 107pc on sale of online travel agency

    Posted Aug 21st 2014, 11:19am by Enoch Yiu

    ... Enoch Yiu enoch.yiu@scmp.com Tourism operator China Travel International Investment saw its first-half net profit rise 107 per cent year on year to HK$930 million due to an increase ... on the mainland and in Hong Kong and Macau rising 28 per cent to HK$304 million. Barring any unforeseeable negative situations, the group continues to hold a prudently optimistic view Jiang Yan, China ...


    Party to hold plenum in October, state media say

    Posted Jul 29th 2014, 07:41pm by Andrea Chen

    ... in October, state television reported tonight. The party’s Politburo decided that the fourth plenum of the Central Committee will convene in October, slightly earlier than last year. Sources told the South China Morning Post earlier this month the leadership wanted to bring forward the fourth plenary session, and shift the focus from ideological development to rule of law.   ...

  8. News - World - PROPERTY

    More wealthy Chinese likely to buy homes in United States, analysts say

    Posted Jul 11th 2014, 12:04am by BLOOM

    ... in the second quarter of this year, in part because of China's property slowdown." Buyers from China are driving up prices and fuelling new construction in Southern California areas such as Arcadia. "About 90 percent of my buyers are from China," said Peggy Fong Chen, a broker with Re/Max Holdings, who sold 80 homes in Arcadia last year. "They want new construction ...

  9. News - China - IRAQ

    1,300 Chinese workers evacuated to Baghdad from Samarra construction site

    Posted Jun 27th 2014, 12:52pm by Angela Meng, LAURA ZHOU

    ... State-owned China Machinery Engineering Corporation is building a 630 megawatt power plant in Samarra. Construction on the US$1.2 billion project began in 2011. Security in Iraq has deteriorated ... in eastern Syria and northern Iraq based on Koranic law. It has amassed a sizeable war chest in part by holding kidnap victims for ransom. On June 12, an employee of China National Petroleum ...

  10. News - Asia - DIPLOMACY

    Leaders of Japan, Brazil call for peaceful settlement of international disputes

    Posted Aug 03rd 2014, 06:14am by KYODO, AP, Reuters

    ... Agencies in Brasilia International disputes must be resolved by law not force, the heads of the two countries say as they sign pacts on trade and cooperation Leaders of Japan and Brazil urge peaceful settlements Japanese Prime Minister Shinzo Abe and Brazilian President Dilma Rousseff have called for the resolution of international disputes based on international law ...




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