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  • August 20, 2014
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  1. Business - Economy

    China's services trade grows along with deficit

    Posted Jul 29th 2014, 01:26am by Victoria Ruan

    ... the country still lacks competitiveness in high-technology areas such as finance and legal services," Everbright Securities chief economist Xu Gao said. "The deficit will last quite ... Victoria Ruan in Beijing victoria.ruan@scmp.com Sector's imports and exports rise 15.3 per centin the first half, while gap widens 5.6 per cent Mainland services trade grows along ...

    http://www.scmp.com/business/economy/article/1561389/chinas-services-trade-grows-along-deficit
  2. Business - China Business - ANALYSIS

    Ralls legal victory may impact US review of foreign investments

    Posted Jul 18th 2014, 02:57am by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com Court victory by Chinese company could signal changes in secretive US government reviews of foreign investment in sensitive industries Wind farm legal win ... Sany Group, and Wu Jialiang, the general manager at subsidiary Sany Electric. Ralls sued, marking the first-ever legal challenge to a presidential veto, but saw its case dismissed in February ...

    http://www.scmp.com/business/china-business/article/1555853/ralls-legal-victory-may-impact-us-review-foreign-investments
  3. Business - Banking & Finance - FINANCE

    Like Bank of China, Citic Bank also offers service branded 'money laundering' by CCTV

    Posted Jul 09th 2014, 03:58pm by DON WEINLAND, George Chen

    ... state-run CCTV accuses Bank of China of money laundering BOC said the Youhuitong service was part of a legal pilot scheme launched in 2011. It said the CCTV report "deviated from ... Don Weinland and George Chen CCTV accuses Bank of China of providing money laundering service Citic Bank also moves money overseas, say sources A day after Bank of China (BOC) was accused ...

    http://www.scmp.com/business/banking-finance/article/1550351/bank-china-laundering-money-would-be-emigrants-cctv-reports
  4. Business - Commodities - INVESTIGATIONS

    CWT Commodities considers legal action amid Qingdao port probe

    Posted Aug 19th 2014, 01:27am by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com Singapore-headquartered CWT Commodities weighs action as more suits filed in metals fraud Legal cases over Qingdao poised to rise CWT Commodities is considering legal action as Qingdao port confirmed two more civil lawsuits have been launched by firms embroiled in a suspected metals financing fraud that could total almost US$1 billion. CWT ...

    http://www.scmp.com/business/commodities/article/1576403/cwt-commodities-considers-legal-action-amid-qingdao-port-probe
  5. Comment - Insight & Opinion - MACROSCOPE

    A loaf of bread’s well-serviced journey

    Posted Aug 20th 2014, 12:10pm by PATRICK LOW

    ... are analysing value chains for goods and services, including for food and other products. The objective is to gain insights into why value chains are configured in particular ways, how inputs enter ... emphasis of FGI’s current work in this domain is on services. Services drive production and trade in ways that are poorly understood and under-appreciated. Services account for around 70 per cent ...

    http://www.scmp.com/comment/insight-opinion/article/1577631/loaf-breads-well-serviced-journey
  6. Business - Commodities - COMMODITIES

    Legal fight chills metal trade after Qingdao port probe

    Posted Aug 04th 2014, 02:44pm by Reuters

    ... Reuters HSBC joins the queue of global banks and trading houses in launching suits over their exposure to suspected financing fraud at Qingdao port Legal battles chill metal trade in China As global banks and trading houses fire off lawsuits over their estimated US$900 million exposure to a suspected metal financing fraud on the mainland, the tangled legal battle to recoup losses ...

    http://www.scmp.com/business/commodities/article/1566143/legal-fight-chills-metal-trade-after-qingdao-port-probe
  7. Business - Companies - TELECOMMUNICATIONS

    Citic Telecom gears up for Macau’s launch of 4G services next year

    Posted Aug 07th 2014, 06:55pm by BIEN PEREZ

    ... much-anticipated launch of 4G mobile services next year. The company, which posted yesterday a 55 per cent decline in interim net profit, owns and operates Companhia de Telecomunicacoes de Macau (CTM), the city’s dominant mobile and fixed-line services provider. “CTM will actively bid for Macau’s 4G licences and strive to advance the development of this business,” Citic Telecom chairman Xin ...

    http://www.scmp.com/business/companies/article/1568421/citic-telecom-gears-macaus-launch-4g-services-next-year
  8. Business - Economy - ECONOMY

    Property market cool-down drives HSBC China services PMI to lowest level ever

    Posted Aug 05th 2014, 10:09am by Reuters

    ... Reuters in Beijing Mainland services PMI from HSBC/Markit falls to near 9-year low last month, reflecting strains in key sector and keeping spotlight on stimulus Property downturn puts clamp on services growth Growth in the mainland's services sector slowed sharply last month to its lowest level in nearly nine years, a private-sector survey showed yesterday, indicating ...

    http://www.scmp.com/business/economy/article/1566785/property-market-cool-down-drives-hsbc-china-services-pmi-lowest
  9. Business - Comment - LAI SEE

    An unwelcome reminder of why 'the law is an ass'

    Posted Aug 20th 2014, 01:31am by Howard Winn

    ... it has been receiving hand-delivered legal documents: writs, bundles of skeleton arguments from two law firms- Simmons & Simmons and Howse Williams Bowers. However, the respondents no longer ... "We tell both firms' delivery employees that the service is incorrect- their response is simply: 'We know this, just throw them away'," writes Aquitaine's group ...

    http://www.scmp.com/business/article/1577220/arts-affairs
  10. Business - Economy - TRADE

    Growing service sector held back by regulation, protectionism

    Posted May 28th 2014, 10:28am by PATRICK LOW

    ... measures applied in 40 countries to 18 service sectors. Air transport, legal services, accounting, broadcasting, courier services, architecture, telecommunications and maritime transport top ... Patrick Low Protectionism is holding back growth in services around the world, a new OECD survey shows, reinforcing the need to reform such trade barriers The dead hand of regulation ...

    http://www.scmp.com/business/economy/article/1520224/growing-service-sector-held-back-regulation-protectionism

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