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  • July 14, 2014
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  1. Fraud charges loom in oil tycoon's case

    Posted Dec 03rd 2007, 12:00am by Staff Reporter

    ... filing false financial reports, misappropriation of funds and embezzlement. Shang Wu, a vice-director of the Hubei Public Security Bureau, told Xinhua that the case surrounding Gong was one of the most serious cases of economic crimes the bureau had handled in recent years. The amount of money involved was 3.1 billion yuan. Xinhua reported that Gong had been taken into police custody ...

  2. Sinopec drills deep well

    Posted Mar 26th 2007, 12:00am by Staff Reporter

    ... to reach a depth of 8,875 metres - more than the height of Mount Everest, Xinhua reported. It will take the company, Asia's largest oil refiner, 676 days and 300 million yuan to complete the project, according to the news agency. However, if the past is any guide, the work could eventually be in vain. In July last year, the country completed drilling of the 8,408m Tashen No1 Well ...

  3. Big agencies to expand to offset fall in profitability

    Posted Jun 13th 2012, 12:00am

    ... Yvonne Liu yvonne.liu@scmp.com Large estate agencies are eyeing expansion into space left by smaller firms quitting the Hong Kong market in a bid for a greater market share. Macau-based Region One Realty entered Hong Kong in 2010 and had four branches in Kowloon, but one has closed and the rest will do so next month due to falling sales. 'It is not as easy for agencies ...

  4. Mainland stocks hit key mark on upbeat Xinhua comments

    Posted Aug 14th 2007, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai The Shanghai stock market rose to a fresh record yesterday after an editorial from Xinhua said the surging market was a healthy development and investors were well ... from Friday. 'The Xinhua commentary set a tone for the market as the government wants to ensure it will grow at an orderly pace,' said Dai Ming, an analyst at Kingsun Investment ...

  5. Mainland banks earn 268.9b yuan in first half

    Posted Oct 03rd 2007, 12:00am by Raymond Li

    ... in 2003, Xinhua news agency said yesterday, citing China Banking Regulatory Commission statistics. Overall, the non-performing loan ratio for the whole sector also improved from 17.9 per cent ...

  6. Record year predicted for HK market

    Posted Jun 27th 2012, 12:00am

    ... Sandy Li and Paggie Leung Centaline Property Agency has painted a rosy picture on the outlook for the Hong Kong property market, saying the total value of residential and commercial sales are expected to reach all-time highs this year. The agency's bullish forecast came despite concerns in the market that further measures to curb demand and price growth may be announced after chief ...

  7. Public relations agency prepares to list on HKEx

    Posted Mar 19th 2012, 12:00am

    ... in light of the economic downturn. Wonderful Sky, which aims to become the first financial PR agency listed on the Hong Kong Stock Exchange on March 30, says in its listing prospectus that six ... to raise up to HK$375 million- 80 per cent of which will be used to acquire or set up a joint-venture with a PR agency on the mainland, and up to three firms in Hong Kong. 'Many of our clients ...

  8. Lai See

    Posted Jun 21st 2011, 12:00am

    ... the foundation of the party's power, has met with some ambivalence in China. Xinhua, the official news agency, issued a story denying the figures while mainland newspapers have covered the story ... Agence France-Presse reported. Horie, 38, was sentenced by Tokyo District Court in 2007 for falsely reporting a pre-tax profit of five billion yen to hide losses at his internet service provider. ...

  9. Sinopec plans China's biggest refinery

    Posted Jul 05th 2012, 12:00am

    ... project, which will be located in the coastal city of Lianyungang and will integrate oil refining and petrochemical production, reported Sinopec News, a corporate newsletter published by parent China Petrochemical Corp. It did not provide further details. But according to a Xinhua report last month, the project would have an annual refining capacity of 32 million tonnes ...

  10. Agricultural Bank in for US$40b boost

    Posted Aug 06th 2007, 12:00am by Carol Chan

    ... to be bailed out by the government. Xinhua news agency announced earlier this year that the Agricultural Bank bailout would amount to 900 billion yuan, including a US$25 billion to US$30 billion ... to allowing the debt-laden and weakest of the big four banks to eventually be listed. The US$40 billion would come via the country's yet-to-be-formed overseas investment agency, China State ...




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