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  1. Business - China Business

    Business Digest

    Posted Aug 23rd 2012, 12:00am by Peggy Sito

    ... contract will be the world's first exchange-traded deliverable yuan-denominated futures. The futures will be quoted in yuan per US dollar. Peggy Sito ZTE sees 68pc drop in first-half earnings ...

  2. Beijing eyes HK-mainland overseas business tie-ups

    Posted Nov 16th 2011, 12:00am

    ... overseas investments rose 21.7 per cent to US$68.8 billion, overtaking Japan and Britain as the world's fifth-largest overseas investor, said Zhang Xiaoqiang, deputy director of the National ... 12.4 per cent to US$41 billion, said Zhang, adding China was now the largest overseas investor among developing countries. 'To maintain Hong Kong's long-term prosperity, as stated ...

  3. HK business activity up; first rise since July

    Posted Feb 04th 2012, 12:00am

    ... Paggie Leung paggie.leung@scmp.com Hong Kong business activity grew last month, reversing a five-month contraction, as the strong employment market helped to underpin local consumption. ... the sub-indices, business output expanded for the first time in six months to 51.7 points last month from 49.7 in December, the research said. The new orders sub-index soared to an eight-month high of 53.7 ...

  4. Business world up in arms at plan to cap directorships

    Posted Jun 14th 2011, 12:00am

    ... Enoch Yiu Hong Kong business people are well known for their work ethic, the latest example being the strong opposition to a cap on how many directorships one can take. In December ... at the end of August last year had more than five independent directorships. The opposition has not only come from these directors, but also from hundreds of others in the business community. Many ...

  5. Business blooming in China risk detection

    Posted Aug 08th 2011, 12:00am

    ... Naomi Rovnick naomi.Rovnick@scmp.com Private investigator Dong Xiaojie says business is booming. As head of Sheng Yuan Asset Management in Beijing, Dong conducts investigations for some ... on their side. 'Farming and forestry have been the busiest sectors for us so far this year,' said Dong, who was enjoying a dumpling and noodles breakfast at Hong Kong's Mandarin Oriental ...

  6. CNOOC in US$15b deal to snap up Canadian giant

    Posted Jul 24th 2012, 12:00am

    ... Eric Ng eric.mpng@scmp.com China National Overseas Oil Corporation, the mainland's dominant oil and gas producer, will pay US$15 billion for Canada-based Nexen in what would ... California-based Unocal for US$18.5 billion after US political opposition. The proposed deal to acquire all of Nexen tops the US$14.32 billion paid for a 12 per cent stake in Australian mining giant Rio ...

  7. Merry Garden IPO target US$207m

    Posted Jun 25th 2012, 12:00am

    ... to make a profit of 93 million yuan (HK$113.9 million) this year. The company earned a net profit of 70.7 million yuan last year. 'We think that the landscaping and timber villa business from ... brand, Merry Garden, in 2010, most of its business comes from production orders from other companies. For the first four months of this year, only 29.8 per cent of revenue came from products sold ...

  8. U.S. jobs data lifts markets in Asia

    Posted Aug 07th 2012, 12:00am

    ... The Hang Seng Index may settle above the 20,000-point level in the coming weeks after Friday's US jobs data sent stock markets soaring across Asia yesterday. Hong Kong's ... on year to US$180.21 billion in June, slowing from a 15.3 per cent increase in May. Forty-six of the 49 HSI constituent stocks rose yesterday. Scandal-stricken HSBC rebounded 2.2 per cent to close ...


    Posted Dec 29th 2006, 12:00am by Staff Reporter

    ... trade in services totalled US$157 billion, comprising US$73.9 billion of exports and US$83.2 billion of imports, according to the ministry. In the first half this year, export of services grew 17 per cent to US$40 billion, while import of services grew 19 per cent to US$45.7 billion. Toh Han Shih ...

  10. BOC books US$198m in US subprime losses

    Posted Apr 29th 2008, 12:00am by Staff Reporter

    ... Jasmine Wang and Natalie Chiu Profit rises 85pc to 21.7b yuan, beating estimates Bank of China, the nation's third-largest lender, set aside US$198 million for subprime investments in the United States in the first quarter but still reported a better than expected 85.15 per cent growth profit. The impairment loss was booked following the US$1.3 billion provision it made last year, ...




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