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  • August 20, 2014
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  1. Business - Commodities - EARNINGS

    Aluminium product producer China Zhongwang lifts profit 18.6pc

    Posted Aug 15th 2014, 01:27pm by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Aluminium product producer China Zhongwang has boosted net profit 18.6 per cent to 1.27 billion yuan (HK$1.6 billion) for the first half from a year earlier. Aluminium extrusion accounted for 99.9 per cent of Zhongwang’s revenue, the Hong Kong-listed company said on Friday morning. Most of its revenue, which grew 13.2 per cent to 7.95 billion ...

    http://www.scmp.com/business/commodities/article/1574164/aluminium-product-producer-china-zhongwang-lifts-profit-186pc
  2. Business - Banking & Finance

    China's households divert 12.7tr yuan to wealth-management products

    Posted Aug 16th 2014, 01:06am by BLOOM

    ... Bloomberg in Shanghai Households shy from trusts as government seeks to manage shadow banking risks Savings in wealth products hits record Mainland households increased the amount of savings diverted into wealth-management products to a record 12.7 trillion yuan (HK$16 trillion) as the central government tries to manage risks from an explosion in shadow banking. ...

    http://www.scmp.com/business/banking-finance/article/1574486/chinas-households-divert-127tr-yuan-wealth-management
  3. News - China - FOOD SAFETY

    Shenzhen to impose HK$126,000 fines on companies that mislabel genetically modified food

    Posted Aug 15th 2014, 01:24pm by He Huifeng

    ... requiring product makers to declare GM ingredients, the existing regulations mete out lenient punishments for those who break the law. Violators face fines of just up to 10,000 yuan. ... marks a further step towards strengthening control of GM food products, which have sparked controversy mainly over the safety of eating genetically altered food. Illegal and secret facilities ...

    http://www.scmp.com/news/china/article/1574165/shenzhen-impose-countrys-harshest-fine-yet-mislabelling-genetically
  4. Business - China Business - TECHNOLOGY

    Beijing denies banning Apple products for government purchase

    Posted Aug 08th 2014, 02:46pm by BIEN PEREZ

    ... comes under the Ministry of Finance, said in a statement yesterday that the Apple products mentioned in reports were never on the list, because the company did not submit the relevant documents ... on consumers, especially since the quality of Apple's products and the company's brand name are already well perceived in the market," Dai said. ...

    http://www.scmp.com/business/china-business/article/1569155/apple-products-never-government-list-beijing-says
  5. Business - Money - INVESTMENT

    Reforms on insurance-linked investment products bring shake-up

    Posted Aug 11th 2014, 03:56am by Benjamin Robertson

    ... will have a major impact on how life insurance companies and agents operate, say analysts and senior industry executives. They argue that commissions and product fees will drop and clients ... for approval to the Securities and Futures Commission, the regulator overseeing investment product marketing materials, ahead of the New Year deadline. "While some insurance companies may need ...

    http://www.scmp.com/business/money/investment-products/article/1570890/reforms-insurance-linked-investment-products
  6. Business - China Business - TELECOMMUNICATIONS

    Chinese companies drive commoditisation of smartphone market

    Posted Aug 18th 2014, 04:01am by BIEN PEREZ

    ... mobile road map Seven years after Apple's iPhone revolutionised the mobile-phone industry, the global market is shifting gears once again, led by aggressive Chinese companies bent on conquering the world with boatloads of low-cost Android-based smartphones. These companies are benefiting from the rapid evolution of smartphone technologies, cheaper components, expert electronics ...

    http://www.scmp.com/business/china-business/article/1575658/chinese-companies-drive-commoditisation-smartphone-market
  7. News - China - HEALTH

    Shenzhen company develops kit to test for Ebola virus, report says

    Posted Aug 14th 2014, 02:51pm by STEPHEN CHEN

    ... Stephen Chen binglin.chen@scmp.com PLA scientists are helping the company synthesise a chemical solution that would change colour in the presence of the deadly virus A Shenzhen-based company has developed a field test kit that can quickly identify the Ebola virus, People’s Daily reports, as China is trying a range of countermeasures against the possible spread of the deadly ...

    http://www.scmp.com/news/china/article/1573511/shenzhen-company-develops-kit-test-ebola-virus-report-says
  8. Business - Money - THE INSIDER

    Director activity thins ahead of company results

    Posted Aug 11th 2014, 03:56am by Robert Halili

    ... Robert Halili Alco resumes buy-backs while Stelux chief takes advantage of share price fall to raise holdings Director activity thins ahead of company results Director activity plunged ... The fall in activity was due to the reporting period, which began this month and ends next month, as directors are prohibited from trading in their companies' shares before the announcement ...

    http://www.scmp.com/business/money/money-news/article/1570825/director-activity-thins-ahead-company-results
  9. News - World - FOOD SAFETY

    Marks & Spencer pulls chicken, turkey products from Hong Kong shelves over UK food scare

    Posted Jul 27th 2014, 06:27am by Ada Lee

    ... Ada Lee ada.lee@scmp.com Retailer finds some products sourced from British company embroiled in tainted chicken scandal; other firms urged to check inventory Marks & Spencer pulls poultry Food-safety worries in the city grew yesterday as Marks & Spencer removed chicken and turkey products from its shelves after they were found to be sourced from a UK company ...

    http://www.scmp.com/news/world/article/1560102/marks-spencer-pulls-poultry-products-shelves-food-safety-concerns
  10. News - China - FOOD SAFETY

    McDonald's food supplier OSI recalls all products from Shanghai plant

    Posted Jul 28th 2014, 11:00am

    ... Bloomberg OSI Group, a meat supplier to McDonald’s, said it would recall all products made by its Shanghai plant. “To help rebuild the trust of our customers and consumers, as well as to cooperate with the official investigatory process, we are compelled to withdraw all products manufactured by Shanghai Husi from the marketplace,” Oak Brook, Illinois-based OSI said on its website. ...

    http://www.scmp.com/news/china/article/1561003/mcdonalds-food-supplier-recalls-products-shanghai-plant

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