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  • April 19, 2014
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  1. News - Hong Kong

    Chongqing showing Hong Kong it's back in business after Bo scandal

    Posted Apr 10th 2013, 12:00am by George Chen

    ... Western mega city sending biggest trade delegation yet to HK in wake of scandal Chongqing mayor Huang Qifan will lead a large business delegation to Hong Kong early next week to attract new investment as the mainland city seeks to rebound from the scandal-tainted era of its former party boss Bo Xilai. People familiar with the matter said Huang would promote several sectors, ...

  2. News - China - POLITICS

    Power struggle in Beijing leaves CIC leaderless

    Posted May 27th 2013, 12:00am by George Chen

    ... biggest bank by market value, and Huang Qifan , the mayor of Chongqing, who vowed to support Beijing's move against his then-boss Bo Xilai . Sources familiar with the situation have told ...

  3. Business - Companies - RETAIL

    Chow Tai Fook eyes 20 per cent growth after 9 per cent drop in sales

    Posted Apr 15th 2014, 12:21am by Keira Lu Huang

    ... Keira Lu Huang Keira.huang@scmp.com Chow Tai Fook targets 20pc growth after drop Hong Kong-based jewellery giant Chow Tai Fook is banking on better sales performance in Hong Kong and Macau to revive its fortunes, after a 9 per cent drop in same-store sales in the two cities in the first quarter. Chairman Henry Cheng yesterday said the management was optimistic about a growth rate ...

  4. Business - Economy - LABOUR

    Chinese graduates deepen hi-tech inroads

    Posted Apr 18th 2014, 01:17am by BLOOM

    ... added by Chinese workers, while lower-value processing trade fell below a third of the total from almost 39 per cent in 2010, according to the Ministry of Commerce. Huang Yukon, an economist who ... Korea, Huang said. Once derided for poor quality, Korean firms such as Hyundai Motor and Samsung Electronics now boast globally competitive products. That was only a hint of what was ahead, said ...

  5. Business - Banking & Finance - CURRENCIES

    Yuan decades away from being global reserve currency

    Posted Apr 11th 2014, 10:18am by Victoria Ruan

    ... investment products that would enable people to diversify risk have yet to be designed. Peking University professor Huang Yiping estimated that based simply on the size of the mainland's economy ... currency, Huang said the mainland must have a continually growing economy, further liberalised trade and investment, a sound legal system, a stable and accountable political system, a deep ...

  6. Business - China Business - EARNINGS

    China Southern net down 24pc as perks face cuts

    Posted Apr 01st 2014, 01:20am by Keira Lu Huang

    ... Keira Lu Huang keira.huang@scmp.com China Southernnet down 24pc as perks face cuts To deal with the expected impact of Beijing's austerity drive, China Southern Airlines- the mainland's biggest airline by fleet size- will adjust its cabin structure to expand the premier-economy class while reducing the ratio of first-class seats, company chairman Si Xianmin said ...

  7. Business - China Business

    Port operator China Merchants reaps from overseas assets

    Posted Apr 01st 2014, 01:20am by Keira Lu Huang

    ... Keira Lu Huang keira.huang@scmp.com China Merchants sees 'satisfying' 10.3pc jump in net profit on risein handling capacity Port firm reaps from overseas assets The net profit of China Merchants Holdings (International) rose 10.3 per cent to HK$4.2 billion last year, with the port operator attributing the "satisfying results" to increased handling capacity ...

  8. Business - China Business - ENERGY

    State Grid joins queue to sell assets amid SOE reform push

    Posted Apr 05th 2014, 01:07am by RAY CHAN KEIRA HUANG

    ... Keira Lu Huang and Ray Chan State Grid joins queue to sell assets in reform push The world's largest utilities company, State Grid Corp of China, has become the latest state-owned enterprise to seek to sell off largely unprofitable assets, following mainland policymakers' call for diversification of ownership amid reform of the state-owned sector. The proposed asset ...

  9. Business - China Business - REFORM

    China health care reform poses risks and opportunities for foreign firms

    Posted Apr 07th 2014, 09:33am by Toh Han Shih

    ... health care, with opportunities for private and overseas investment," said Huang Yanzhong, senior fellow on global health at the Council on Foreign Relations, a US think tank. With annual sales of US$71 billion, China is the world's third-largest market for pharmaceuticals, Huang said at the hearing in Washington. As the annual growth rate of sales in the country is between ...

  10. Business - China Business - INVESTMENT

    Go West lure of low land prices

    Posted Apr 16th 2013, 12:00am by Charlotte So

    ... cent is from Hong Kong," Chongqing mayor Huang Qifan said, with most of that share going into the property development and finance sectors. Huang said any government that allowed land ... to contain the average replacement cost to one-third of the flat price," Huang said. Average replacement cost refers to the land price's share of the flat price. But, an anonymous ...




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