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  • September 3, 2014
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  1. Business - Companies - TECHNOLOGY

    Baidu raises bar in mobile mapping with US$10m IndoorAtlas investment

    Posted Sep 03rd 2014, 01:54pm by BIEN PEREZ

    ... services and maps offering,” Baidu vice-president Liu Jun said. He said the intellectual property portfolio of IndoorAtlas and its global geographical coverage “will be instrumental in helping us ...

    http://www.scmp.com/business/companies/article/1584387/baidu-raises-bar-mobile-mapping-us10m-indooratlas-investment
  2. Business - Economy - SURVEY

    China services PMI edges up to 54.4

    Posted Sep 03rd 2014, 10:56am by Reuters

    ... new export orders in the services sector, but a cooling property sector remained a drag. The sub-index of new export orders climbed to 51.6 from 49.8 in July, but the sub-index for overall new orders fell to 50 from 50.7, partly owing to depressed activity in property-related sectors, the survey showed. A reading above 50 indicates expansion in activity, while one below the threshold ...

    http://www.scmp.com/business/economy/article/1584309/china-services-pmi-edges-544
  3. Business - China Business - REGULATION

    Chinese insurers fined 111m yuan over price fixing in car policies

    Posted Sep 03rd 2014, 10:19am by Kwong Man-ki

    ... Kwong Man-ki in Beijing phoenix.kwong@scmp.com China’s anti-monopoly regulator has slapped a fine of 111 million yuan (HK$139.86 million) to an insurance association and 23 property insurers in Zhejiang province for fixing prices on car insurance policies. The Zhejiang Provincial Insurance Association and the 23 property insurers in the eastern province were found guilty ...

    http://www.scmp.com/business/china-business/article/1584278/chinese-insurers-fined-111m-yuan-over-price-fixing-car
  4. Business - Commodities

    Chinese lenders boost precious metals stock amid rising demand

    Posted Sep 03rd 2014, 01:33am by Bloomberg

    ... in credit by raising borrowing costs and cutting off lending to sectors considered at risk of default amid a property slump and rising number of bad loans. That is prompting banks to hold more ...

    http://www.scmp.com/business/commodities/article/1583960/chinese-lenders-boost-precious-metals-stock-amid-rising-demand
  5. Business - China Business - TRANSPORT

    China to offer 300 billion yuan of railway contracts until end of the year

    Posted Sep 03rd 2014, 01:33am by CHIM SAU-WAI

    ... stimulus policies aimed at boosting the economy. "Fixed asset investments still accounts for over 50 per cent of GDP. As growth in property investment slowed down, the government relies more ...

    http://www.scmp.com/business/china-business/article/1584079/china-offer-300-billion-yuan-railway-contracts-until-end
  6. Business - Comment

    How freeing up public housing would help Hong Kong

    Posted Sep 03rd 2014, 01:17am by Richard Wong

    ... of Hong Kong's housing capital last year was estimated at HK$6.8 trillion, or 320 per cent of gross domestic product. This is the net value of private residential housing at market prices, ... for Britain, 236 per cent for Germany, 208 per cent for Canada, and 182 per cent for the United States in 2010. In Hong Kong, private residential housing only accommodates about half the population. ...

    http://www.scmp.com/business/article/1583989/how-freeing-public-housing-would-help-hong-kong
  7. Business - Banking & Finance - LENDING

    New loans of 700b yuan in China fall short of estimates

    Posted Sep 02nd 2014, 12:40pm by DON WEINLAND

    ... loans in the property sector likely tightened lending at the banks last month, the state-run paper said. China’s four biggest banks lent 125 billion yuan in August while deposits fell by 450 ...

    http://www.scmp.com/business/banking-finance/article/1583562/new-loans-700b-yuan-china-fall-short-estimates
  8. Business - Companies - PROPERTY

    Chinese Estates to sell two properties to Joseph Lau

    Posted Sep 02nd 2014, 10:12am by Ray Chan

    ... subsidiary of Chinese Estates that owns a commercial property at Silvercord, 30 Canton Road in Tsim Sha Tsui, and the La Scala luxury residential development in Macau. The Tsim Sha Tsui property ... Ray Chan ray.utchan@scmp.com Joseph Lau to buy two projects from Chinese Estates Chinese Estates will sell to beleaguered proprietor Joseph Lau Luen-hung two major properties in Hong Kong ...

    http://www.scmp.com/business/companies/article/1583497/chinese-estates-sell-la-scala-assets-hk14b
  9. Business - Companies - EQUITIES

    Macau casinos suffer third straight month of falling revenue

    Posted Sep 01st 2014, 11:32am by Ray Chan

    ... economy after slowing credit growth and alarming signs of a possible hard landing in the property market. "The VIP segment remains weak, which we believe is driven by a confluence of factors ...

    http://www.scmp.com/business/companies/article/1582823/shares-casino-giants-fall-macau-gaming-data
  10. Business - China Business

    High rents and policy uncertainty dim hopes for Qianhai

    Posted Sep 01st 2014, 04:21am by JEANNY YU AND RAY CHAN

    ... Jeanny Yu and Ray Chan Hopes dim for Qianhai success On a 15 square kilometre swathe of barren land along the border, workers are busy pouring cement and moving steel bars for a property project that in three months will become the most expensive office complex in Shenzhen. The 40 low-rise glass-and-chrome buildings will be the first completed project four years after the Qianhai ...

    http://www.scmp.com/business/china-business/article/1582451/high-rents-and-policy-uncertainty-dim-hopes-qianhai

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