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  • September 30, 2014
  • Last updated: 11:02pm
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  1. Business - Companies - TECHNOLOGY

    Yahoo founder Jerry Yang plays a key role in Alibaba's listing

    Posted Sep 12th 2014, 06:19am by Bloomberg

    ... Bloomberg in San Francisco Yahoo co-founder puts deep ties to mainland's largest e-commerce provider and considerable Silicon Valley Rolodex to work before IPO Jerry Yang plays prime role in Alibaba's listing venture Executives at messaging start-up TangoMe were brainstorming expansion plans when one of their investors, Jerry Yang, made a suggestion: talk to Alibaba. ...

  2. Business - China Business - GOVERNANCE

    Citic Securities chairman Wang Dongming fined for ICBC remarks

    Posted May 14th 2014, 01:20am by Ray Chan

    ... Ray Chan ray.utchan@scmp.com Citic Securities boss fined for remarks Wang Dongming, the chairman of Citic Securities, the mainland's largest brokerage firm by market value, has been ... is listed in Hong Kong and Shanghai, acknowledged the mistake in an internal statement yesterday, saying the firm had decided to fine Wang to raise his awareness of the need to exercise caution when ...

  3. Business - Companies - COURTS

    Shanghai Zhenhua sued by UK firm Fluor for £250m

    Posted Sep 30th 2014, 01:57pm by JING YANG

    ... Jing Yang jing.yang@scmp.com Fluor Ltd in Britain sued Shanghai Zhenhua Heavy Industry over disputes in a wind farm project in Britain and is demanding £250 million (HK$3.2 billion) in compensation. Shanghai-listed Shanghai Zhenhua, the world’s largest crane builder, said in a stock market filing on Tuesday that it received a writ from the Queen’s Bench Division of the High Court ...

  4. Business - China Business - ACQUISITIONS

    Chinese firms on foreign acquisition trail learn to ease local fears

    Posted Aug 30th 2014, 01:29am by Toh Han Shih

    ... International Hotels Group- learn to overcome it. Before Geely acquired Volvo Cars in 2010, there was opposition from Swedish lawmakers and former Volvo executives, former Geely vice-president Wang Zhiliang said. "The acquisition was a very difficult process, taking three to four months in three languages," Wang told delegates to the "China Goes Global" conference held ...

  5. Business - Companies - MANAGEMENT

    BYD founder Yang Longzhong exits after A share sale

    Posted Sep 28th 2012, 12:00am by Sandy Li

    ... The move sent the price of BYD shares down 9.8 per cent in Wednesday trading. In yesterday's announcement to the Hong Kong stock exchange, BYD chairman Wang Chuanfu said Yang ... Sandy Li sandy.li@scmp.com BYD co-founder exits after share sale BYD said Yang Longzhong, one of the company's founders, had resigned with immediate effect, dealing a blow ...

  6. Business - Money - INSURANCE

    Munich Re targets new insurance niche with Hong Kong regional base

    Posted Sep 29th 2014, 03:58am by JING YANG

    ... Jing Yang jing.yang@scmp.com Insurer sets up new regional underwriting operation as it shifts focus to underserved markets such as natural disasters Munich targets new niche with HK regional base Munich Re, the world's largest reinsurer, is consolidating its marine businesses and has chosen Hong Kong as its Asia-Pacific underwriting centre. Under the title of global ...

  7. Business - Companies - SHIPPING

    Marine insurers warn of Arctic route risks

    Posted Sep 24th 2014, 03:47am by JING YANG

    ... Jing Yang jing.yang@scmp.com Lack of search and rescue capacity in remote region a key concern Marine insurers warn of Arctic route risks Maritime insurers have warned of potential catastrophic risks facing cargo ships sailing Arctic routes owing to a lack of infrastructure in the area, as interest mounts in the Northern Sea Route as an option for vessels transporting cargo ...

  8. Business - Money - MARKETS

    Car Inc, New Concepts vault higher in debut in Hong Kong exchange

    Posted Sep 19th 2014, 02:28pm by Benjamin Robertson, Reuters

    ... and surged 34.88 per cent to finish at HK$1.16. “People see value. Both were oversubscribed on their debut,” said Stephen Yang, an analyst at Sun Hung Kai Financial. Yang, who authored a recent ... tangible than companies they do not know,” said Yang. The first-day jump mirrored a rebound in the wider market that helped put a floor under a two-week sell-off. The Hang Seng Index gained 137.44 ...

  9. Business - China Business - SHIPPING

    China Merchants Energy Shipping deal raises hope for Valemax return to Chinese waters

    Posted Sep 27th 2014, 05:32am by JING YANG

    ... Jing Yang jing.yang@scmp.com Growing signs of Beijing lifting the ban on the entry of mega ore vessels after Vale signs orders with the China Merchants unit and China Cosco CMES deal raises hope for Valemax return China Merchants Energy Shipping (CMES) has partnered with Brazilian mining giant Vale in a 25-year freight contract with the order of 10 very large ore carriers ...

  10. 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 ...




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