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  • September 24, 2014
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  1. News - China - HEALTH

    'You can even tailor your baby's sex': Inside an illicit Beijing surrogacy firm

    Posted Sep 23rd 2014, 07:11pm by Nectar Gan

    ... mothers could give birth to the babies in the Southeast Asian country. In an old, dimly lit apartment-hotel room which served as the company’s reception office, a representative of the China, ... are paid 190,000 yuan, in five instalments, after conception. Concerning the “not so high success rate of test tube baby procedures”, Liu said the company sold a “guaranteed surrogacy programme” ...

    http://www.scmp.com/news/china/article/1598817/you-can-even-tailor-your-babys-sex-inside-illegal-beijing-surrogacy-firm
  2. Business - Banking & Finance - FUNDRAISING

    Agile Property follows Country Garden’s lead with HK$2.8b rights issue

    Posted Sep 22nd 2014, 09:59am by Eric Ng

    ... month by a major Hong Kong-listed Chinese developer. Agile would issue one rights share at HK$4 each for every five existing shares held, the company said in a filing to the Hong Kong stock exchange. The price represents a 31 per cent discount to the stock’s closing price of HK$5.81 on Friday. The company said it would use the proceeds to refinance its existing indebtedness and bolster ...

    http://www.scmp.com/business/banking-finance/article/1597847/agile-property-follows-country-gardens-lead-hk28b-rights
  3. Business - Money - IPO

    Alibaba surges past Facebook in storming stockmarket debut

    Posted Sep 21st 2014, 05:28am by Bloomberg

    ... Bloomberg in New York Alibaba surges past Facebook in market debut Chinese e-commerce giant Alibaba surpassed Facebook by market capitalisation on its first day as a public company right ... on Friday. The Chinese e-commerce company, which began the day with a value of US$228.5 billion, now trails only Google, Apple and Microsoft in size among US-traded technology companies. Facebook ...

    http://www.scmp.com/business/money/markets-investing/article/1597102/alibaba-surges-past-facebook-storming-stockmarket
  4. News - China - CHINA BRIEFING

    Alibaba's mega IPO signals rise of China's new wave of tech giants

    Posted Sep 22nd 2014, 08:18am by Wang Xiangwei

    ... Jack Ma Yun, has created for himself, his employees and investors- the focus of intensive media frenzy. Founded by the former English teacher in his Hangzhou flat 15 years ago, the company raised US$21.8 billion in one of the largest initial public offerings the world has seen, valuing the company at US$231 billion, surpassing Facebook and Amazon and becoming the world's ...

    http://www.scmp.com/news/china/article/1597626/alibabas-mega-ipo-signals-rise-chinas-new-wave-tech-giants
  5. Business - Companies

    Macau will be a winner for years, US casino billionaire Steve Wynn wagers

    Posted Sep 24th 2014, 03:45am by TIFFANY AP

    ... year in our company," Wynn said of Wynn Macau's third-quarter performance. "We've been beating the market generally in the mass tables and the slots. "I can't ... billion Wynn Palace- was on track to open "in 15 to 16 months". That property will double the number of gaming tables operated by the company and increase hotel room capacity by 170 per ...

    http://www.scmp.com/business/companies/article/1599077/macau-will-be-winner-years-us-casino-billionaire-steve-wynn
  6. Property - Hong Kong & China - PROPERTY

    Country Garden’s new CFO aims to halve developer’s funding cost

    Posted Sep 23rd 2014, 11:24am by Langi Chiang

    ... as it weathers a cooling market. A HK$3.2 billion rights issue is the first step. The next is to stabilise its performance despite a real estate downturn to get the company's credit rating reevaluated next year to investment grade. Moody's Investors Services has given it a Ba2 rating. Eventually, the company aims to cut its fundraising cost to 4 per cent to 5 per cent from more ...

    http://www.scmp.com/property/hong-kong-china/article/1597497/country-gardens-new-finance-chief-aims-halve-developers
  7. Business - China Business - ECONOMY

    State subsidies report casts doubt on fair business practices in China

    Posted Sep 23rd 2014, 05:18am by Eric Ng, VICTORIA RUAN AND SIJIA JIANG

    ... over unfair subsidies provided to mainland companies, especially those given to sectors suffering from overcapacity, has been stirred up after state media reported that almost 90 per cent ... to those companies with overcapacity would hurt China's [economic] rebalancing reforms," Tsinghua University researcher Yuan Gangming told the South China Morning Post. The US Chamber ...

    http://www.scmp.com/business/china-business/article/1598225/state-subsidies-report-casts-doubt-fair-business-practices
  8. Business - Companies - FASHION

    Electronic gadgets are the new stars in luxury market

    Posted Sep 23rd 2014, 04:41am by TIFFANY AP

    ... In lieu of an official gold-coloured iPhone 6 from Apple, British company Goldgenie is offering 24 carat gold-plating services to shoppers around the world, starting from £2,437 (HK$30,854) and up to £3,037, depending on the iPhone 6 model. The company, which says greater China makes up approximately 20 per cent of its global sales, also sells rose gold and platinum editions. "What we ...

    http://www.scmp.com/business/companies/article/1598361/electronic-gadgets-are-new-stars-luxury-market
  9. Business - Banking & Finance - OPERATIONS

    Lloyds Banking Group keeps its options open for move to England

    Posted Sep 22nd 2014, 04:28am by Reuters

    ... it clear that Scotland wants a greater say on spending and taxation, which could complicate the tax affairs of companies with offices across Britain. Lloyds, one of five lenders that had warned ... lending to homebuyers and companies there. Rival Royal Bank of Scotland, meanwhile, made clear that it had scrapped contingency plans to shift its headquarters to London and National Australia ...

    http://www.scmp.com/business/banking-finance/article/1597677/lloyds-banking-group-keeps-its-options-open-move-england
  10. News - World

    Heirs to Rockefeller oil wealth join push to divest from fossil fuels

    Posted Sep 23rd 2014, 04:44am by Reuters, THE WASHINGTON POST

    ... Arabella Advisors. In May, Stanford University said it would no longer use any of its US$18.7 billion endowment to invest in coal mining companies, one of the highest-profile education institutions ... followed by a more gradual disengagement from other fossil-fuel stocks. Some family members continue to hold stock in Exxon Mobil- a modern descendant of the Standard Oil company co-founded by her ...

    http://www.scmp.com/news/world/article/1598309/heirs-rockefeller-oil-wealth-join-push-divest-fossil-fuels

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