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  • July 24, 2014
  • Last updated: 8:35am
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  1. Business - China Business - ACQUISITIONS

    China's State Grid near deal for stake in Italian energy grid firm

    Posted Jul 22nd 2014, 10:28am by Reuters

    ... controlling Italy's energy grids to State Grid Corp of China, people close to the matter said. "CDP is in the final stages of talks to agree the sale of the stake to the Chinese group," ... chief executive Giovanni Tempini is travelling to China with Italian Economy Minister Pier Padoan today and tomorrow. According to one of the sources, a meeting has been organised between ...

  2. Business - China Business - WEALTH

    China's rich are less likely to keep business in the family – unlike Hong Kong’s wealthy

    Posted Jul 21st 2014, 11:51am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Unlike elsewhere in Asia, first-generation entrepreneurs in China are less likely to pass down their companies to their descendants Mainland's rich ... Lun, a mainland law firm that serves wealthy clients. "The new billionaires in China are generally very open-minded about their legacy. They have seen how wealth can destroy families ...

  3. Business - Banking & Finance

    StanChart forecast earnings fall stuns market

    Posted Jun 27th 2014, 01:04am by DON WEINLAND

    ... time. It was certainly unexpected DOMINIC CHAN, ANALYST, BNP PARIBAS Sands said in a conference call  the bank’s  commodities-related exposure to Qingdao port in mainland China was about US$250 ... forecast earnings fall stuns market Standard Chartered warned yesterday poor financial markets business could drag first-half operating profit down by 20 per cent. Group chief executive Peter Sands ...

  4. Business - Comment - THE VIEW

    End of the line for China's low cost manufacturing model?

    Posted Jul 22nd 2014, 12:01am by Cathy Holcombe

    ... Cathy Holcombe If low-end production can be done by robots, developing nations might have to skip China's export model and jump straight to a service economy End of the line? In retrospect, the big investment calls seem so easy. Like the commodities bubble: the economy of a hugely populated country (China) is accelerating; this same economy's money supply is growing ...

  5. Business - Companies - CASINOS

    Hong Kong businessman a step closer to US$70m jury award from Sands

    Posted Jul 31st 2013, 09:01am by AP

    ... to the state Supreme Court. Suen says he was hired by Las Vegas Sands to curry favour with the Chinese government and help the company win a gambling licence in Macau, the only place in China where ... Associated Press in Las Vegas A Hong Kong businessman is one step closer to collecting a multimillion-dollar award from Las Vegas Sands, the largest US casino company. A Nevada judge ...

  6. News - China - NATURAL DISASTERS

    China's Red Cross blasted after sending quilts to sweltering typhoon disaster zone

    Posted Jul 21st 2014, 03:19pm by Alice Yan

    ... hits back at quilt criticism Sending quilts to people affected by natural disasters is a routine practice even in summer, the scandal-plagued Red Cross Society of China said yesterday in response to widespread criticism over the charity's choice of assistance to victims of China's most severe typhoon in four decades. Yang Xusheng, director of the organisation's aid ...

  7. News - Hong Kong

    Sands gets OK to sell Macau apartments

    Posted Jun 05th 2013, 06:16pm by AP

    ... casino in the Asian gambling enclave. Sands China said it received the green light for transfer rights allowing it to sell apartments in the 30-story tower that was largely completed in 2009. Sands China is controlled by Adelson's Las Vegas Sands Corp. The apartment tower sits next to Sands' Venetian casino-resort on Macau's Cotai Strip. Union Gaming Research forecast ...

  8. News - Hong Kong - CULTURE

    Mainland hooked on 'China that hasn't grown up'

    Posted Jul 21st 2014, 06:20am by SARAH KARACS

    ... Sarah Karacs sarah.karacs@scmp.com Story of North Korean defectors popular over the border- even though it's not available there Mainland hooked on 'China that hasn't grown ... to Envy: Ordinary Lives in North Korea in 2009, after interviewing North Korean defectors in China. It has received widespread acclaim in the West and in Asia, winning the BBC Samuel Johnson Prize ...

  9. News - Hong Kong - TRANSPORT

    Tramways owners plan to expand on mainland China to 'fill transport gap'

    Posted Jul 21st 2014, 06:20am by Ada Lee

    ... "Soon [trams] will be a big transportation system in China," he said, noting that Shanghai planned to expand its tram system to 800km by 2020. Other cities, such as Beijing and Zhuhai, ...

  10. News - China - SPACE

    China's Jade Rabbit moon rover was crippled by a rock, experts reveal

    Posted Jul 21st 2014, 05:30am by STEPHEN CHEN

    ... One of the programme's long-term goals is to launch crewed missions to the moon and later establish a crewed lunar base. No firm dates have been given, but some observers have said China ...




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