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  • October 31, 2014
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  1. HKC lifts stake in Shanghai project

    Posted Jan 12th 2007, 12:00am by Denise Tsang

    ... shareholder, Indonesia's Widjaja family, for about 582 million yuan, according to sources. To settle the transaction HKC would issue about 437 million new shares to the Widjaja family, lifting its stake in the group to about 64 per cent from 59.87 per cent, the sources said. The HK$1.33 issue price of the shares is at an 11.33 per cent discount to the last traded price of HK$1.50 ...

  2. Yangshan in line for free-trade status

    Posted Nov 05th 2003, 12:00am by Staff Reporter

    ... A more likely alternative would be a free-trade zone, which would allow tax-free imports as long as the goods were re-exported, they said. Shanghai already has a free-trade- or bonded- zone ... Peixing, was quoted by the China Daily as saying the city was considering setting up bonded warehouses at Yangshan, which will be located offshore on a group of islands and linked to Shanghai ...

  3. Archipelago to become hub for marine trading

    Posted Jul 08th 2011, 12:00am

    ... Zhuang Pinghui zhuang.pinghui@scmp.com The Zhoushan archipelago is set to become a massive trade hub for bulk commodities on the back of last week's decision by the State Council ... economy a priority for the 2011 to 2015 period. Zhoushan's gross domestic product reached 63.3 billion yuan (HK$76.1 billion) last year, with 68 per cent from maritime business. The Zhoushan ...

  4. Prison for trafficking 41 babies

    Posted Aug 01st 2008, 12:00am by Staff Reporter

    ... Choi Chi-yuk One baby trafficker was sentenced to a suspended death sentence in Shanghai yesterday and another to life in prison for trading 41 babies between 2004 and last year. Shanghai ... Yuzhou had bought babies in Yunnan province and sold them in more prosperous Shandong . The pair paid 1,500 yuan (HK$1,713) to 2,500 yuan for a girl and 8,000 to 12,000 yuan for boys. The babies, ...

  5. Property record for tiny site in a small city

    Posted Jun 22nd 2011, 12:00am

    ... Paggie Leung paggie.leung@scmp.com A residential site in a small city in Zhejiang has broken a record for property on the mainland. The plot in the trading hub of Yiwu in the eastern province sold for 39,545 yuan (HK$47,600) per square metre of permitted gross floor area, or 226 million yuan in total, the National Business Daily reported yesterday, citing a local real estate ...

  6. Shanghai to lobby state for trade hub rank

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

    ... Daniel Ren in Shanghai and Kandy Wong Shanghai is lobbying the central government to endorse the city's ambitions to become an international trading centre, putting more pressure ... According to two sources briefed by officials about the plan, the mainland's commercial capital has drawn up proposals to boost foreign trade and domestic commerce through liberalisation ...

  7. Gemdale secures Shanghai site for record 3.05b yuan

    Posted Jul 24th 2009, 12:00am by Staff Reporter

    ... price of 14,498.50 yuan per square metre, is 35.84 per cent more expensive than a neighbouring site bought by Longfor Group in 2007. Quality villas in the district were now trading at 35,000 ... banks. Local developer Gemdale Group yesterday won the plot of land in Shanghai's western Qingpu district for 3.05 billion yuan (HK$3.46 billion), 222 per cent higher than the reserve price ...

  8. HK lenders to set up Ningbo branches with eye on overseas trade

    Posted Aug 30th 2007, 12:00am by Kandy Wong

    ... Kandy Wong in Ningbo and Maria Chan Three Hong Kong banks will open branches in Ningbo early next year to take advantage of international trade generated by the city's port. Hang Seng ... The central government announced last November that foreign banks incorporated in the mainland would be allowed to run a wider range of businesses, including credit cards and taking individual yuan ...

  9. Once more, with feeling

    Posted Feb 27th 2010, 12:00am by Staff Reporter

    ... regarded it as 'easy money', while insisting that it was far removed from the sex trade. Most patrons are migrant workers or locals on low pay but the women can easily earn 100 yuan ... to crowd into a dance hall on the second floor of a commercial building in Shi Road. Admission was just 7 yuan (HK$8) and included a cup of tea. The ventilation did not seem to work and many ...

  10. Farmers turn backs on fields

    Posted Jul 04th 2011, 12:00am

    ... province. And he makes about 4,000 yuan (HK$4,807) a month, or roughly triple what his brother earns back in their hometown by planting one mu (one-fifteenth of a hectare) of rice, which takes ... in the past year. 'Last year, fertiliser [the most commonly used kind] was 80 yuan a pack. It grew to 100 yuan at the beginning of this year, and now it's 120 yuan,' he said of the 50kg ...




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