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  1. Aoyuan cuts revenue forecast by 60pc as property deals plummet

    Posted Sep 18th 2008, 12:00am by Peggy Sito

    ... Peggy Sito China Aoyuan Property Group has revised down its forecast revenue from property sales by more than 60 per cent to as low as 1.4 billion yuan (HK$1.59 billion) after a steep fall in mainland property deals. However, the Guangdong-based developer predicts that revenue will bounce back to 5 billion yuan next year. Analysts described the outlook as 'optimistic' ...

    http://www.scmp.com/article/653009/aoyuan-cuts-revenue-forecast-60pc-property-deals-plummet
  2. Shanghai Electric net down 13.4pc on costs

    Posted Aug 23rd 2008, 12:00am by Staff Reporter

    ... of the group,' chairman Xu Jianguo said in a statement filed with the Hong Kong stock exchange. Its net profit to June was 1.55 billion yuan (HK$1.77 billion), down from 1.79 billion yuan a year earlier. Underlying core profit, which excludes the financial business, was 1.33 billion yuan. It edged up 1.5 per cent from the same time last year. Operating profit from the financial businesses slumped ...

    http://www.scmp.com/article/650047/shanghai-electric-net-down-134pc-costs
  3. Rural infrastructure a bridge too far

    Posted Oct 09th 2008, 12:00am by Josephine Ma

    ... was washed away in July and the water in the river is too deep to wade through. Farmers complained to the village committee but were told to pay more than 100 yuan per household if they wanted ... villagers said they were promised an annual rent equal to the price of 350kg of grain, which was about 600 yuan last year, for every mu of land they lease to the pig farm. A mu is one-fifteenth ...

    http://www.scmp.com/article/655500/rural-infrastructure-bridge-too-far
  4. Shenzhou International surges 24pc

    Posted Aug 14th 2008, 12:00am by Staff Reporter

    ... turnover and a 0.9 per cent decline in net profit. First-half profit dipped to 263.6 million yuan (HK$300.15 million) from 265.9 million yuan a year earlier due to an increase in income tax and interest expenses, as well as losses from fair value changes in currency derivatives. Finance executive Wang Cunbo said a slower pace of yuan appreciation in the second half would boost earnings. ...

    http://www.scmp.com/article/648979/shenzhou-international-surges-24pc
  5. Ping An to acquire 10pc stake in Yunnan Baiyao

    Posted Aug 06th 2008, 12:00am by Staff Reporter

    ... on the stock's last traded price of 33.53 yuan (HK$38.25), the company has a market value of 16.23 billion yuan and a 10 per cent stake will be worth 1.6 billion yuan. The deal is one of Ping An's ... interested in the market for quite a long time and have developed many new products,' said Mr Qi. He said the company targeted 5 billion yuan in turnover this year, up 21.4 per cent from 2007. ...

    http://www.scmp.com/article/648001/ping-acquire-10pc-stake-yunnan-baiyao
  6. Early birds enjoy an extra show at 'Bird's Nest'

    Posted Aug 09th 2008, 12:00am by Paggie Leung

    ... ceremony also enjoyed the pre-show entertainment. Yuan Lin, a manager for a Beijing private enterprise, said the performance, comprising 28 shows ranging from a lion dance from the south ... 5,000 yuan (HK$5,700) for her ticket, said although she had seen similar performances before, it was the atmosphere that thrilled her. 'The dragon dance was very good, ...

    http://www.scmp.com/article/648443/early-birds-enjoy-extra-show-birds-nest
  7. 800b yuan plan to revive quake-hit region

    Posted Nov 22nd 2008, 12:00am by Staff Reporter

    ... Al Guo Sichuan plans to use 800 billion yuan (HK$908 billion) as seed money to attract 2.2 trillion yuan of private investment in the next three years for houses, roads and new factories to revive its quake-battered economy. Vice-Governor Wei Hong made the announcement yesterday in Beijing. The Sichuan government initially had about 300 billion yuan to spend on rebuilding efforts, ...

    http://www.scmp.com/article/661094/800b-yuan-plan-revive-quake-hit-region
  8. Con men jailed over million-yuan fraud

    Posted Dec 15th 2008, 12:00am by Kelly Chan

    ... Kelly Chan Three men have been jailed for 12 years for defrauding 1 million yuan (HK$1.13 million) from a Shanxi coalmine owner who asked them to sack a county party secretary over a land ... Mr Ma paid for the 10,000 yuan dinner. In court, Su pleaded that he had not wanted to impersonate an official at first and had sought help from a university friend who worked in the Central ...

    http://www.scmp.com/article/663920/con-men-jailed-over-million-yuan-fraud
  9. Yuan accounts surge 33pc to 76.6b yuan

    Posted May 31st 2008, 12:00am by Staff Reporter

    ... Maria Chan Sparked by the accelerating appreciation of the mainland's currency, yuan deposits in Hong Kong rose 19.02 billion yuan (HK$21.38 billion) or 33 per cent last month, the biggest jump since such accounts were launched in 2004. However, the pace of growth is likely to ease due to the slower pace of yuan appreciation in recent weeks and wider buy-sell spreads ...

    http://www.scmp.com/article/639752/yuan-accounts-surge-33pc-766b-yuan
  10. Cautious developers bid low for Beijing sites

    Posted Oct 09th 2008, 12:00am by Yvonne Liu

    ... municipal government received three bids for a budget housing site in the city's Daxing district. All of the offers were lower than the government's opening bid of 480 million yuan (HK$547 million). Beijing Zhuzong Real Estates Investment submitted the highest bid of 479.38 million yuan or 2,299 yuan per square metre for the site, which was 0.13 per cent lower than the opening bid. ...

    http://www.scmp.com/article/655560/cautious-developers-bid-low-beijing-sites

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