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  • November 26, 2014
  • Last updated: 7:48pm
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  1. Business - Companies

    Ex-CFO of China's Longtop found liable in rare US investor trial

    Posted Nov 24th 2014, 04:03am by Reuters

    ... Reuters in New York Longtop's ex-CFO liable in US trial A US jury will hear testimony today about what damages should be awarded to investors after a former Longtop Financial ... Weizhou, a lawyer for the investors told jurors at the start of trial on Wednesday. In an email summing up the call, Palaschuk said Lian "informed me the company had been a fraud since ...

  2. Business - Comment - LAI SEE

    CUHK professor pioneers a new form of cancer treatment

    Posted Nov 18th 2014, 04:59am by Howard Winn

    ... through clinical trials and through the US Food and Drug Administration (FDA), approval process can take as much as seven years and cost hundreds of millions of dollars. But the business ... invested in it at early stages do rather well. The value of the product increases considerably as it progresses through clinical trials and, according to Jackie Lam, acting general manager ...

  3. Business - Banking & Finance - COMMODITIES

    Chiyoda Steel to sue Bank of China Hong Kong in steel finance case

    Posted Nov 06th 2014, 12:27pm by CHIM SAU-WAI

    ... Chim Sau-wai sauwai.chim@scmp.com Firm seeks about HK$12m from the bank from a disputed letter of credit Chiyoda seeks full trial over BOCHK pledge Japanese firm Chiyoda Steel plans to proceed to a full trial against Bank of China (Hong Kong) for not honouring its letter of credit because the words "steel grade" were missing in the trade document. "Chiyoda Steel ...

  4. Business - Banking & Finance - THE VIEW

    Banks hit hard with fines and new rules by zealous financial watchdogs

    Posted Nov 24th 2014, 03:57am by Peter Guy

    ... Peter Guy Banks are being punished for misdeeds with large fines and new rules, but financial watchdogs around the world may have gone too far Trial by regulator Another month and another volley of record bank fines handed down by regulators like they were writing traffic tickets. Last week, United States, Swiss and British regulators dished out US$4.3 billion in penalties over ...

  5. Business - China Business - TELECOMMUNICATIONS

    China Mobile's 3G subscribers decline as 4G users top 50 million

    Posted Nov 21st 2014, 07:21am by BIEN PEREZ

    ... TD-LTE network. Unicom and China Telecom recently received approval from the regulator to extend their so-called hybrid 4G mobile trials, using both TD-LTE and FDD-LTE networks, to 41 cities ...

  6. Business - China Business - EARNINGS

    China Telecom in catch-up mode on 4G services

    Posted Oct 28th 2014, 02:30pm by BIEN PEREZ

    ... Bien Perez bien.perez@scmp.com After losing 4 million subscribers in the first three quarters, the mobile network operator looks to boost its hybrid fourth-generation trials China Telecom pushes for wider mainland 4G trials China Telecom, the country's No3 wireless network operator, wants wider coverage for its so-called hybrid 4G mobile trials on the mainland after losing ...

  7. Business - Companies - REGULATION

    Nowhere to hide from bribery laws

    Posted Nov 17th 2014, 05:08am by Benjamin Robertson, Toh Han Shih

    ... Benjamin Robertson and Toh Han Shih Stricter financial crime laws give UK authorities sweeping powers to prosecute British individuals or corporations anywhere in the world Nowhere to hide if you bribe At a closed-door trial held last month in Hunan province, one-time high-flying business executive Mark Reilly was handed a three-year suspended prison sentence for his role ...

  8. Business - China Business - State-Owned Enterprises

    Beijing selects six state-owned enterprises for reform trials

    Posted Jul 15th 2014, 07:54pm by Victoria Ruan

    ... Victoria Ruan in Beijing victoria.ruan@scmp.com The mainland authorities have selected six central government-controlled groups for reform trials aimed at introducing more competition ... enter into a trial for transformation into state capital investment companies, Peng said. This trial would involve shifting Sasac’s function to mainly supervising how efficiently capital ...

  9. Business - China Business - TECHNOLOGY

    China 4G market to heat up as new network trials start

    Posted Jul 01st 2014, 04:05am by Bien Perez and Sophie Yu

    ... Bien Perez and Sophie Yu With operators given clearance to start network trials, 4G mobile market competition to intensify 4G market to heat up with trials in 16 cities Competition in the mainland's nascent 4G mobile services market is expected to intensify this quarter after China Unicom and China Telecom start their so-called hybrid network trials in 16 cities. The regulator, ...

  10. Business - China Business

    Ebola shows up China's lack of philanthropic culture

    Posted Nov 05th 2014, 06:19am by Reuters

    ... of an experimental Ebola drug to Africa and is planning clinical trials there. Philanthropy may also have been slow to catch on in China as there is a lack of trust in non-profit groups after a string ...




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