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  • August 23, 2014
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  1. Business - China Business - PROPERTY

    China Overseas Land’s contracted sales drop 45pc despite lifting of curbs

    Posted Aug 14th 2014, 09:37am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com China Overseas Land and Investment said contracted sales plunged 45 per cent last month from the previous month to HK$9.32 billion, a possible sign that a relaxation in housing policies on the mainland has failed to stimulate demand. Hong Kong-listed China Overseas Land is the biggest mainland developer by market value. The firm’s contracted sales ...

  2. Business - Commodities - COURTS

    Citic Resources sues Qingdao Port for US$108m compensation

    Posted Jul 29th 2014, 02:34pm by CHIM SAU-WAI

    ... Resources has filed a lawsuit against Qingdao Port International, demanding US$108 million in compensation if its fails to deliver base metals retained by the authorities as part of the fraud ... to be at the centre of a probe over whether metals were pledged multiple times as collateral for loans. HSBC asked Singapore's High Court this month to liquidate Chen's Zhong Jun Resources after ...

  3. News - World - Ukraine crisis

    Merkel holds crisis talks in Kiev as controversial Russian aid convoy pulls out

    Posted Aug 23rd 2014, 09:58pm by AFP, Reuters

    ... fighters are pulled out of Ukrainian territory. Hours before Merkel’s airplane landed in Kiev, there was heavy artillery bombardment in Donetsk, the main separatist stronghold on the east ... to be handed out to local residents. The official could not say how many trucks remained in the city. Russia’s foreign ministry said it was “satisfied” with the aid delivery and suggested it could ...

  4. Property - Hong Kong & China - PROPERTY

    Government not serious about lower home prices, developer says

    Posted Aug 08th 2014, 11:21am by Langi Chiang

    ... Langi Chiang in Boao, Hainan langi.chiang@scmp.com Industry players believe Beijing wants land prices to stay high to ensure stable revenue for local authorities despite vows to cool ... for the property market, we haven't seen the government ever consider getting less money from the land market or cut taxes," Ren Zhiqiang, chairman of state-owned developer Huayuan Real Estate, ...

  5. News - China - DIPLOMACY

    Xi Jinping's Mongolia trip to focus on energy, infrastructure

    Posted Aug 19th 2014, 05:13am by Teddy Ng

    ... according to the Foreign Ministry. Assistant Minister of Foreign Affairs Liu Jianchao said yesterday that the trip would also yield support for Mongolia's plans to boost cross-border transport ... to expand economic cooperation in the region. It also comes as China continues to look beyond its borders to meet its growing economy's increasing demand for energy and resources. Mongolia ...

  6. Capital shuts door on petitions

    Posted Feb 17th 2004, 12:00am by Staff Reporter

    ... protests during next month's annual session of the National People's Congress. The Ministry of Land and Resources has issued an urgent notice calling on local authorities to prevent ... on the ministry's website. It said local land and resources officials must put resolving people's complaints high on their agenda. Authorities have been told to resolve all complaints they received ...

  7. Business - Companies - ACQUISITIONS

    Cofco subsidiary wins Sanya land bid

    Posted Aug 12th 2014, 03:06pm by Jasper Moiseiwitsch

    ... Jasper Moiseiwitsch jasper.moiseiwitsch@scmp.com Sanya Yue Sheng, a subsidiary of Hong Kong-listed mainland developer Cofco Land, has won a bid for rights to 149,785.58 square metres of land in Hong Tang Wan Tourist Resort District of Sanya, Hainan, for 844.7 million yuan (HK$1 billion). The rights are for 40 years for commercial land, and 70 years for residential land ...

  8. News - China - CORRUPTION

    Former China Resources chief Song Lin linked to two tax haven companies

    Posted Apr 26th 2014, 05:30am by Tanna Chong

    ... director of China Resources Land, who was detained immediately after the mainland's anti-graft authorities announced on April 17 that they were investigating Song. The authorities have ... was made a director of Uconia, an interior design subsidiary owned by China Resources, about a month before his detention. China Resources Land said on Tuesday that Wang had resigned because ...

  9. Business - Companies - EARNINGS

    Earnings at Beijing Capital Land jump 18pc

    Posted Aug 12th 2014, 09:26am by Langi Chiang

    ... Langi Chiang langi.chiang@scmp.com Beijing Capital Land dismisses the need to cut prices to meet a 28b yuan target despite slow sales in first half amid a recovery in the market Mainland developer on path to meet goal Hong Kong-listed developer Beijing Capital Land said yesterday that it could hit a full-year sales target of 28 billion yuan (HK$35 billion) without cutting prices ...

  10. News - China - POLLUTION

    Guangdong proposes illegal polluters pay fines equal to 30pc of losses

    Posted Aug 13th 2014, 03:49pm by He Huifeng

    ... in the delta. About 28 per cent of the soil in the Pearl River Delta is polluted by heavy metals, according to a report sent by the Guangdong Land and Resources Bureau to the provincial people’s congress last year. The report also said that half of the land in Guangzhou and Foshan, two industrial hubs in the delta, is contaminated. Stricter measures on vehicle emissions and vehicle usage ...




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