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  • October 1, 2014
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  1. Business - Comment - LAI SEE

    New taxi driver scams prey on overseas visitors to city

    Posted Feb 05th 2013, 12:00am by Howard Winn

    ... be keeping our Valentine's Day fireworks strictly private.   Strictly bridal interest There seems to have been a whiff of unpleasantness in the air when fashion designer Vera Wang opened her ... of 3,000 yuan (HK$3,700). This led to cries of discrimination from netizens who pointed out that no such deposit was required at Wang's other stores in different countries. Not so, responded ...

  2. Business - Commodities - STEEL

    China steel demand drops for first time in 14 years due to slowing economy

    Posted Sep 26th 2014, 11:36am by Reuters

    ... Apparent crude steel consumption on the mainland fell 1.9 per cent year on year to 61.9 million tonnes in August, said Wang Xiaoqi, vice-chairman of the China Iron and Steel Association. With the mainland now focusing growth on consumption and away from investment that has fuelled years of massive expansion in its steel sector, Wang said: "From now, domestic steel output ...

  3. Business - Commodities - STEEL

    Sinosteel chief ousted by Beijing amid woes in steel sector

    Posted Sep 25th 2014, 06:26am by Eric Ng, Bloomberg

    ... billion) of debt, of which 2.07 billion yuan was overdue. It said chairman Liu Yibiao and chief accountant Wang Jing had been detained by police on charges of suspected severe dereliction of duties. Former chairman Wang Xiaoxiu has also been detained on alleged abuse of power and severe dereliction of duties. The firm blamed its dire liquidity situation on the sharp fall in steel ...

  4. Business - China Business - EQUITIES

    China Resources Power drops after president’s departure amid graft probe

    Posted Sep 22nd 2014, 01:29pm by Eric Ng

    ... Eric Ng eric.mpng@scmp.com Shares in China Resources Power dropped as much as 5.5 per cent after it was announced that the temporary suspension of president Wang Yujun, under criminal ... of senior government officials and state enterprise executives detained to assist investigations into alleged corruption. Former CR Power chairmen Song Lin and Wang Shuaiting have been detained ...

  5. Business - Companies - MANAGEMENT

    Citic unveils new board line-up

    Posted Sep 26th 2014, 02:41pm by Eric Ng

    ... absorbed by Hong Kong-listed Citic, has appointed its parent’s vice chairman Wang Jiong as its vice chairman and president, as part of wider top management reshuffle. President Zhang Jijing has ... candidates for senior management, reviewing material investment plans and significant transactions and strategy planning. It comprises of chairman Chang Zhenming, Wang, Dou, Zhang, Citic Group’s ...

  6. Business - Commodities - MINING

    Chinese coal industry deepens push for output cuts

    Posted Sep 22nd 2014, 10:57am by Eric Ng

    ... per cent from their trough, according to state media. Wang Xianzheng, the chairman of the China National Coal Association, told an annual meeting of the Coal Industry Committee of Technology ... measures taken by Beijing to support the coal industry,” the association’s deputy chairman, Jiang Zhimin, was quoted as telling the meeting. In July, Wang called on coal-mining firms to reduce ...

  7. Business - China Business - AVIATION

    Comac's C919 jet to complete assembly by September 2015

    Posted Sep 25th 2014, 06:26am by SIJIA JIANG

    ... progress and the project is expected to start within this year," Tian said. Wang Wenbin, a member of Comac's standing committee of science and technology, said the project is pending ...

  8. Business - Companies - WEALTH

    Jack Ma displaces property tycoon to top China rich list

    Posted Sep 23rd 2014, 01:14pm by Toh Han Shih

    ... has seen more action on the international front than in the previous 15 years added together." Wang Jianlin, chairman of Dalian Wanda Group, and Guo Guangchang of Fosun International ... China's entry into Hollywood. Wang and his family, with an estimated wealth of US$24.2 billion, dropped from the top spot on Hurun's list last year to second place this year. ...

  9. Business - Banking & Finance - REGULATION

    China to allow insurers to raise funds through preferred shares

    Posted Sep 20th 2014, 05:10am by Kwong Man-ki

    ... asked to give their feedback by September 24, the report said. Wang Xujin, a professor at the Beijing Technology and Business University, said the move would offer insurers more options to tap ... their premiums," Wang said. Last month, the State Council outlined measures to boost development of the industry, aiming to have insurance premiums account for 5 per cent of the country's gross ...

  10. Business - Banking & Finance - REGULATION

    Chief of Galaxy Securities unit questioned in illegal bond probe

    Posted Sep 22nd 2014, 10:20am by Daniel Ren

    ... Wang Qishan, the head of the Communist Party's anti-graft body, reportedly directed the investigations. According to bond traders, illegal transactions involving government and corporate ...




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