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  • July 11, 2014
  • Last updated: 1:37pm
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  1. Poor county's 600m yuan loan to mineral firm raises eyebrows

    Posted Jul 19th 2009, 12:00am by Minnie Chan

    ... Minnie Chan An impoverished county in Anhui has raised eyebrows after it promised to lend 600 million yuan (HK$680 million) to help a local private enterprise through rough waters. Huoqiu county is among the poorest counties in China and its residents earn less than 400 yuan a year. The loan to a mineral company in the county will take up 85 per cent of the government's ...

  2. Lumena targets HK$1.5b in flotation

    Posted May 20th 2009, 12:00am by Staff Reporter

    ... Wong Ka-chun Lumena Resources Corp, the second-largest thenardite producer on the mainland, plans to spend more than 1 billion yuan (HK$1.14 billion) this year and next to boost production ... per cent increase in net profit to 430 million yuan last year from 79 million yuan a year earlier, driven by rising volumes and steady product prices. Revenue rose 206 per cent to 1.14 billion ...

  3. Cheung Kong to launch HK's first yuan IPO

    Posted Dec 23rd 2010, 12:00am by Sandy Li

    ... Sandy Li Cheung Kong (Holdings) will launch Hong Kong's first share offering denominated in yuan in the first half of next year, with the aim of raising more than 10 billion yuan ... on the matter. In October, Charles Li Xiaojia, Hong Kong Exchanges and Clearing chief executive, said the city could have its first yuan IPO as early as next year as the mainland steps up efforts ...

  4. Foreigners offered slice of yuan funds

    Posted Dec 29th 2010, 12:00am by Staff Reporter

    ... Daniel Ren in Shanghai Shanghai will soon allow select foreign investors into the mainland's yuan-denominated private equity and venture capital funds, creating opportunities for them ... to embark on a pilot scheme under which qualified overseas investors are allowed to convert foreign currencies into yuan before investing in yuan funds, according to a government official ...

  5. Big hurdles still block yuan from going global

    Posted Oct 11th 2010, 12:00am by Enoch Yiu

    ... Enoch Yiu While top mainland and Hong Kong financial heavyweights and officials are closing ranks to praise plans to internationalise the yuan, bankers and brokers say big hurdles lie ahead before the yuan can become an international currency. China has been moving to make the yuan more accessible. It has eased restrictions on using yuan for cross-border trade settlements ...

  6. Political factors far outweigh financial gains in yuan bonds

    Posted Sep 04th 2010, 12:00am by Shirley Yam

    ... with Shirley Yam Thanks to McDonald's yuan-denominated bond issue last month, the product, which was little known internationally, has finally shown up on the radar screen of many ... their interest in yuan. So you must have a stable source of yuan income. You don't need dollar income to issue dollar bonds, not just because the dollar is easily convertible but also because ...

  7. Jin Jiang to buy tourism assets worth 2.7b yuan

    Posted Aug 16th 2010, 12:00am by Denise Tsang

    ... yuan (HK$3 billion) worth of assets. Hong Kong-listed Shanghai Jin Jiang International Hotels (Group), which runs about 550 star-rated and budget hotels around China, agreed to buy from its ... industry chain. The group reopened the iconic Peace Hotel on the Bund last month after a two-year, 500 million yuan renovation, bringing back the luxury hotel's 1930s glory. Jin Jiang brought ...

  8. Gome and Haier target sales of 50b yuan in trailblazing contract

    Posted Jul 03rd 2010, 12:00am by Sophie Yu

    ... Sophie Yu The mainland's leading white-goods manufacturer and its biggest retailer of household electrical appliances have signed a deal to sell 50 billion yuan (HK$57.53 billion) ... of which will only be available at Gome stores. The sales volume of the exclusive goods should reach 25 billion yuan in the next three years. Chen Xiao, the chairman of Gome, released a five-year ...

  9. Volkswagen, FAW plan 8b yuan Foshan plant

    Posted May 28th 2010, 12:00am by Staff Reporter

    ... Works-Volkswagen (FAW-VW), plans to spend 8 billion yuan (HK$9.1 billion) on a plant that will open in 2013 with an annual capacity of 300,000 cars. But Wang Lin, a spokesman for FAW-VW, said yesterday ... China for FAW-VW, one to rival the Japanese firms. Guangqi Honda said this week it will spend 930 million yuan to raise its annual capacity of 360,000 vehicles to 480,000 by 2012. GAC Toyota ...

  10. Hua Xia targets 20.8b yuan in share placement

    Posted May 07th 2010, 12:00am by Staff Reporter

    ... billion yuan (HK$23.7 billion) in a private share placement. The Beijing-based mid-sized lender said yesterday it would offer 1.86 billion shares at 11.17 yuan each, a 10 per cent discount to its ... of March, lower than the regulatory requirement. Discount sale The Beijing-based mid-sized lender will offer 1.86 billion shares, selling each at, in yuan: 11.17yuan ...




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