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  1. Business - Economy

    Economists expect 5pc gain against greenback

    Posted Sep 23rd 2013, 12:00am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Economists expect 5pc gain against greenback The yuan is expected to appreciate 5 per cent against the US dollar by 2015, a more gradual pace than in recent years, amid a slowdown in mainland economic growth and financial reforms designed to allow more two-way fluctuations in the exchange rate, economists say. The yuan is set to reach about 5.80 per ...

    http://www.scmp.com/business/economy/article/1315533/economists-expect-5pc-gain-against-greenback
  2. Business - China Business - LISTINGS

    Forgame shifts focus to mobile game market

    Posted Sep 19th 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Forgame shifts focus to mobile game market Forgame, a Guangzhou-based webpage game developer, said it would expand into the mobile game market and broaden its reach in the global market to bolster revenue growth. The company is offering 31.37 million shares at a range of HK$43.50 and HK$55 per share to raise as much as HK$1.72 billion in its Hong Kong ...

    http://www.scmp.com/business/china-business/article/1312610/forgame-shifts-focus-mobile-game-market
  3. Business - Money - ACQUISITIONS

    Tencent teams up with Sohu to vie for No 2 spot

    Posted Sep 17th 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Surprise deal sees HK-listed mainland internet giant paying US$448m for 36.5pc stake in rival search engine Sogou that will merge with Soso Tencent teams up with Sohu to vie for No 2 spot Mainland internet giant Tencent has invested US$448 million in cash to take a 36.5 per cent stake in Sohu.com's Sogou search service, and will merge its Soso ...

    http://www.scmp.com/business/money/markets-investing/article/1311177/tencent-teams-sohu-vie-no-2-spot
  4. Business - Banking & Finance - CURRENCIES

    Yuan seen taking fourth spot in global use by 2020

    Posted Sep 10th 2013, 12:00am by Jeanny Yu

    ... Jeanny Yu jeanny.@scmp.com Trade settlements in the mainland currency would increase to US$3 trillion, economist says Yuan seen taking fourth spot in global use by 2020 The yuan is expected to become the fourth most used currency in global trade by 2020, surpassing five currencies, including the Japanese yen, and underscoring China's rise as the world's ...

    http://www.scmp.com/business/banking-finance/article/1307306/yuan-seen-taking-fourth-spot-global-use-2020
  5. Business - Banking & Finance - RESULTS

    Slowdown clips CCB earnings growth

    Posted Aug 26th 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Pressures on economy tell on bottom line, with bank's second quarter bringing weakest profit gain in five quarters, despite half-year record Slowdown clips CCB earnings growth China Construction Bank, China's second-largest lender, posted a 9.7 per cent rise in net profit for the second quarter, the smallest gain in five quarters, amid ...

    http://www.scmp.com/business/banking-finance/article/1299404/slowdown-clips-ccb-earnings-growth
  6. Business - China Business - TELECOMMUNICATIONS

    China Telecom gears up for 4G push

    Posted Aug 21st 2013, 12:33pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Biggest fixed-line operator will boost spending for a trial network after profit jumps 15.9pc China Telecom gears up for 4G push China Telecom, the world's biggest fixed-line network operator, said it will increase full-year capital expenditure by five billion yuan (HK$6.3 billion) to 80 billion yuan this year as it builds a 4G trial network. ...

    http://www.scmp.com/business/companies/article/1298307/china-telecom-posts-double-digit-q2-earnings-jump
  7. Business - Companies - TELECOMMUNICATIONS

    China Mobile pins hopes on data services and 4G

    Posted Aug 15th 2013, 02:22pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com China Mobile pins hopes on data services and 4G China Mobile, the world's largest wireless network operator by subscribers, said yesterday that it is facing "unprecedented" challenges as the telecommunications industry adapts to the impact of the so-called over-the-top (OTT) services. The telecommunications giant reported net profit ...

    http://www.scmp.com/business/companies/article/1296880/china-mobile-first-half-profit-15pc-faces-challenges-net-firms
  8. Business - Banking & Finance - INVESTMENT

    Taiwanese funds seek partners for yuan business

    Posted Aug 15th 2013, 12:00am by Jeanny Yu

    ... Jeanny Yu jeanny.yu@scmp.com Linking with HK units of mainland money managers lets them hitch a ride on RQFII trade Taiwanese funds seek partners for yuan business Taiwanese asset management firms are scrambling for a slice of the mainland's 270 billion yuan offshore investment funds market, teaming up with money managers in Hong Kong to enter a market they currently have ...

    http://www.scmp.com/business/banking-finance/article/1296775/taiwanese-funds-seek-partners-yuan-business
  9. Business - China Business - EARNINGS

    Tencent net profit up 18.7pc in quarter

    Posted Aug 14th 2013, 06:04pm by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com Mainland's largest internet company attributes gain to growth in advertisements and online games but profit still misses market forecasts Tencent net profit up 18.7pc in quarter Tencent, the mainland's largest listed internet firm, said second-quarter net profit rose 18.7 per cent from a year earlier on robust growth in online games ...

    http://www.scmp.com/business/companies/article/1296666/tencent-profit-187pc-gaming-advertising
  10. Business - China Business - TELECOMMUNICATIONS

    China Unicom trial network targets 4G licence

    Posted Aug 09th 2013, 12:00am by Sophie Yu

    ... Sophie Yu sophie.yu@scmp.com China Unicom to build pilot high-speed mobile network using technology favoured by Beijing in hope of winning government clearances Unicom trial targets 4G licence China Unicom (Hong Kong) will soon start construction of a trial network using time-division long-term evolution (TD-LTE) technology, the high-speed 4G mobile standard backed by Beijing. ...

    http://www.scmp.com/business/china-business/article/1295382/unicom-trial-targets-4g-licence

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