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  • August 29, 2014
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  1. Yuan exchange cap will stay in place, PBOC says

    Posted Jul 01st 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com The central bank has ignored calls by senior Hong Kong bankers and left in place the city's daily exchange cap of 20,000 yuan (HK$24,500). The decision, which was announced during a visit yesterday by People's Bank of China deputy governor Hu Xiaolian, puts the city at a disadvantage to the other offshore-yuan trading centres, London ...

  2. Mergers get boost from payment flexibility

    Posted Jun 19th 2006, 12:00am by Staff Reporter

    ... it the country's biggest producer. The purchases will add 11 production lines to its three and roughly triple the firm's daily melting capacity to 4,780 tonnes from 1,500 tonnes. China Glass also ...

  3. Scrip issue no longer easy way for funds

    Posted Oct 16th 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai The mainland securities regulator has tightened approval procedures for fund-raising through share issue by listed companies in 10 sectors, including property. Property developers from now on won't be eligible for share placeme ...

  4. Mainland investments abroad rise to US$19.3b

    Posted May 12th 2008, 12:00am by Enoch Yiu

    ... Enoch Yiu First-quarter total beats whole of last year on 'go out' drive Overseas investments made by China in the first quarter of the year have already exceeded the country's total investments overseas for the whole of last year, delegate ...

  5. Business - China Business - REAL ESTATE

    Property players look abroad to avoid controls

    Posted Aug 22nd 2012, 12:00am by Sandy Li

    ... Sandy Li sandy.li@scmp.com Sales agents and developers alike are shifting their focus to foreign markets while still targeting wealthy Chinese buyers Property players look abroad to avoid controls Shanghai property agent Fang Bei used to earn tens of thou ...

  6. Boom for contractors despite quality concerns

    Posted Jul 13th 2011, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Despite concerns about the quality of their work, Chinese construction companies are winning more valuable international contracts to build everything from roads to railways. Richard di Bona, who runs a Hong Kong transpor ...

  7. PetroChina chief tipped for role as Yunnan governor

    Posted Apr 10th 2011, 12:00am

    ... 52, son of ex-premier and National People's Congress chief Li Peng, transferred from his role as general manager of China Huaneng Group, a supplier of electric power, in June 2008 ...

  8. Tax breaks for mainland firms in go-global push

    Posted Jul 04th 2012, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com The central government has announced a series of measures, including tax exemptions, to encourage private mainland companies to invest abroad. A joint declaration by 13 government departments- including the National Development and Reform Commission (NDRC), the Ministry of Foreign Affairs, the Ministry of Commerce and the People's Bank ...

  9. Guangdong watchdog backs refinery plan

    Posted Mar 27th 2008, 12:00am by Fiona Tam

    ... Fiona Tam Guangdong environmental authorities say they will not stand in the way of a controversial US$5 billion oil refinery and petrochemical plant in Nansha despite opposition on ecological grounds. Chen Guangrong , deputy director of the provincial en ...

  10. China eyes British high-speed project

    Posted Jan 11th 2012, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Chinese rail companies say they are considering bidding for a British high-speed rail project worth GBP32.7 billion (HK$391.7 billion), which yesterday won government approval. 'I have decided Britain should embark u ...




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