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  • November 27, 2014
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Results 1 - 10 of 44 for financial industry

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  1. Liquidators appointed at Norstar amid slump, soured forex trades

    Posted Feb 07th 2009, 12:00am by Charlotte So, Kandy Wong

    ... of Shanghai has granted a freeze order against the bank accounts and related assets of the company at the request of Shanghai Industrial Investment. Norstar's financial controller and executive ... in a statement. The Beijing-based company, which supplies car parts to major carmakers such as state-backed Beijing Automotive Industry Corp, employs 2,300 staff. The Hong Kong-listed car component maker ...

  2. Dalian Port expects further impact on logistics industry from crisis

    Posted Apr 04th 2009, 12:00am by Eric Ng, Kandy Wong

    ... Kandy Wong and Eric Ng Dalian Port, operator of the mainland's biggest crude oil terminal, expects the global financial crisis to continue to have a deep impact on the logistics industry. The bearish outlook came as the company said net profit increased 27.5 per cent last year to 779.61 million yuan (HK$883.9 million) on the disposal of fixed assets such as property, plant ...

  3. PBOC says carmakers must merge for survival

    Posted Feb 27th 2006, 12:00am by Kandy Wong

    ... on consumers. Thomas Stanley, director of China financial advisory services of accounting consultancy KPMG, agreed that the industry needed to undergo a restructuring. 'It is foreseeable to have ... In the meantime investment in the industry has continued to soar, more than doubling in four years to a 100 billion yuan last year while profit margins have dwindled, the bank said without providing ...

  4. Industry woes put brakes on carmakers' listing dreams

    Posted Mar 16th 2006, 12:00am by Kandy Wong

    ... public offerings this year will have to wait until the industry's performance improves before their wish can be granted, according to analysts. At least five mainland carmakers- Shanghai ... to shrug off concerns for the sector after the slump in car sales in 2004. Given the competitive landscape of the car-making industry in the mainland and high oil and steel costs, profits ...

  5. Mixed fortunes expected for car producers

    Posted Apr 14th 2009, 12:00am by Kandy Wong

    ... Kandy Wong Mainland carmakers are expected to report mixed results after the global financial crisis hit the vehicle market in the second half of last year, dampening sales. Among ... Motor and truck maker Sinotruk (Hong Kong) will soon report how well they coped with the sluggish sales environment. Industry watchers expect varied results. Dongfeng, the third-largest car ...

  6. Carmakers told to rev up efforts to go electric

    Posted Nov 11th 2008, 12:00am by Kandy Wong

    ... carmakers leave the industry. 'Hybrid vehicles should be just the transition before local carmakers can manufacture their own electric cars or plug-in hybrids,' said Chen Jianguo, a deputy head of the industrial co-ordination department of the NDRC, at a vehicle conference in Tianjin at the weekend. The central government is considering ways to assist the industry, including ...

  7. Zeng calls for green tax breaks on vehicles

    Posted Nov 19th 2008, 12:00am by Kandy Wong

    ... Kandy Wong in Guangzhou Guangzhou Auto chief says turmoil 'right time' Guangzhou Automotive Industry Corp, the nation's sixth-largest carmaker, said yesterday that the financial crisis would be an appropriate time to implement various tax policies that encouraged fuel-efficient vehicles. 'Beijing should implement a fuel tax during the period of low ...

  8. 14b yuan in aviation oil bills unpaid

    Posted Dec 20th 2008, 12:00am by Kandy Wong

    ... Kandy Wong China Aviation Oil, a supplier of jet fuel, said unpaid bills by mainland airlines have risen to 14 billion yuan (HK$15.8 billion) as the industry grapples with falling demand, according to a mainland newspaper. Wang Yi, the company's deputy general manager, told a financial forum that the risk of bad debts had been rising because of the global financial crisis, ...

  9. Shanghai to lobby state for trade hub rank

    Posted Oct 20th 2009, 12:00am by Kandy Wong

    ... on Hong Kong to lift its game. The mainland's richest city is renewing efforts to raise its profile after earlier unveiling plans to become a financial and shipping centre. Shanghai's ... of the service sector and free-trade zones. That comes just six months after Beijing endorsed Shanghai's plan to transform into a global financial and shipping centre, a high-profile campaign ...

  10. Li Ning changes tack to keep profit growth

    Posted Mar 20th 2009, 12:00am by Kandy Wong

    ... 52.3 per cent to 721.27 million yuan (HK$818.78 million) last year. Revenue increased 53.8 per cent to 6.69 billion yuan. 'The sporting goods industry has entered into a new cycle of growth after the conclusion of the Beijing Olympics... [and] on the back of the global financial crisis, the Chinese economy is facing various challenges,' said chief executive Zheng Zhiyong ...




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