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  • October 20, 2014
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  1. Legislative session may offer clues to Shanghai's new leadership

    Posted Jan 27th 2007, 12:00am by Bill Savadove

    ... corruption scandal. In September, authorities sacked Shanghai party secretary Chen Liangyu for his role in the misappropriation of the city's pension fund. Shanghai Mayor Han Zheng is now acting party secretary, and there has been speculation whether he will take the post on a permanent basis, giving up the mayor's position. As mayor, Mr Han will deliver a policy speech ...

  2. Surging turnover lifts Li Ning profit 52.3pc

    Posted Mar 19th 2009, 12:00am by Toh Han Shih

    ... Toh Han Shih The net profit of Li Ning rose 52.3 per cent to 721.3 million yuan (HK$818.17 million) last year as turnover grew 53.8 per cent to 6.69 billion yuan. Sales of Li Ning brand footwear soared 60 per cent to 2.92 billion yuan while apparel sales jumped 44 per cent to 3.1 billion yuan. The sportswear retailer attributed the strong growth to marketing, brand promotion, ...

  3. Li & Fung gains China licence

    Posted Jan 08th 2004, 12:00am by Toh Han Shih

    ... Toh Han Shih A unit of Hong Kong trading company Li & Fung has become the first wholly owned foreign subsidiary to be awarded a mainland export licence. Li & Fung's Shanghai-based subsidiary Li & Fung Trading was granted the export company licence by the Ministry of Commerce at the end of last month. Group managing director William Fung Kwok-lun said the licence ...

  4. US may use fabric conditioner

    Posted Oct 14th 2003, 12:00am by Toh Han Shih

    ... When the textile trade liberalises, China could be denied its riches from rags by an anti-surge device When the quota controls that govern the world's textiles trade are scrapped in 2005, China should, in theory, be the biggest winner. But post-quota ...

  5. Fashion firm seeks liquidity in listing

    Posted Oct 13th 2003, 12:00am by Toh Han Shih

    ... Ports Design, a fashion firm focusing on China with investments from the Singapore government, plans to list in Hong Kong this year, according to managing director Alfred Chan. The Government of Singapore Investment Corp (GIC) owns a substantial minority ...

  6. China outlines VAT rebate cuts

    Posted Oct 15th 2003, 12:00am by Eric Ng, Toh Han Shih

    ... The central government will slash the tax refund to exporters by at least three percentage points from next year The central government has unveiled details of its reduction of the value-added tax (VAT) rebate paid to exporters, and promised to speed up p ...

  7. Learn from past mistakes, warns Shanghai mayor

    Posted Jan 25th 2008, 12:00am by Bill Savadove

    ... financial and trade centre, Mayor Han Zheng said yesterday. The case, which came to light in 2006, implicated more than 25 government and state company officials, including former Shanghai Communist ... consequences, caused enormous damage and have left us with grave lessons to ponder,' Mr Han told the annual session of the Shanghai People's Congress. 'They have brought disrepute ...

  8. Shanghai defies forecast of economic slowdown

    Posted Jun 01st 2006, 12:00am by Bill Savadove

    ... Mayor Han Zheng forecast GDP growth of at least 10 per cent this year, a target widely heralded as a slowdown amid a central government push to improve the quality of growth. Mr Han gave ...

  9. Novelist Han Han to sue fraud crusader for libel

    Posted Jan 30th 2012, 12:00am

    ... Choi Chi-yuk chiyuk.choi@scmp.com Best-selling mainland author Han Han is suing self-proclaimed 'Science Cop' Fang Zhouzi, who recently accused Han of hiring ghostwriters for most of his works, says Han's agent. Lu Jinbo, Han's agent, wrote on his microblog account yesterday that the 30-year-old popular novelist and blogger was filing a lawsuit against ...

  10. Shanghai growth may be lowest in almost 20 years

    Posted Jan 12th 2012, 12:00am

    ... growth in 2010 and potentially the lowest figure in almost 20 years. Delivering his annual report at the opening of the Shanghai people's congress, Han Zheng described the slower growth ... but the mayor said this was 'slower than the national rate', without revealing the national figure, which is due to be released next week. Although Han did not give a specific figure ...




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