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  • September 19, 2014
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  1. 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. ...

  2. Beijing Airport may see rent returned

    Posted Sep 30th 2008, 12:00am by Charlotte So

    ... Beijing Airport is paying 180 million yuan (HK$204 million) a month to lease the terminal from its parent, but analysts said it might backdate the transaction when the deal was concluded and retrieve rental expenses in previous months. The airport saw its rental expenses surge more than 10 times to 586 million yuan in the first half. The company has been operating the terminal since ...

  3. Beijing Capital earnings soar 20pc

    Posted Apr 26th 2007, 12:00am by Sandy Li

    ... profit rose to 1.09 billion yuan last year from 908.5 million yuan a year ago as turnover grew 2.12 per cent to 3.15 billion yuan. It proposed a final dividend of 8.824 fen a share, compared ... by the double-digit growth in aircraft movement, passenger throughput and freight throughput,' chairman Wang Jiadong said. Passenger charges rose 11.42 per cent last year to 733.4 million yuan, while ...

  4. News - China - CRIME

    5.4m yuan offered for capture of killer

    Posted Aug 14th 2012, 12:00am by Mimi Lau

    ... Mimi Lau in Guangzhou mimi.lau@scmp.com 5.4m yuan offered for capture of killer The reward for information leading to the arrest of a suspected serial killer totalled 5.4 million yuan ... is offering 500,000 yuan for Zhou's capture, while the Ministry of Public Security has chipped in 100,000 yuan. More than 10 other cities have also contributed to the reward fund. A large number ...

  5. 300,000 yuan a square metre? That's too rich

    Posted Jun 07th 2011, 12:00am

    ... apartments and submit to official investigation. The 23 flats there cost between 180,000 yuan (HK$216,000) and 300,000 yuan per square metre. That's far above the average cost of property in the capital, 22,900 yuan, which most already see as high. Late last month, when news of the prices at No 7 Diaoyutai surfaced, Xinhua said the developer, little-known Sinobo Group, might be guilty ...

  6. Cheung Kong slashes prices of Beijing project

    Posted Nov 12th 2008, 12:00am by Yvonne Liu

    ... value launched its La Grande Villa project last week at an average of 18,108 yuan (HK$20,572) per square metre, 40 per cent lower than the indicative price in July. It would be the first luxury residential project to fetch less than 20,000 yuan per square metre in the capital's upmarket Shnyi district, said Li Wenjie, the general manager of Centaline (China) in Beijing. A posting ...

  7. Crackdown on illegal land use nets 18.6b yuan

    Posted Apr 20th 2011, 12:00am

    ... Sandy Li The Ministry of Land and Resources will step up efforts to clamp down on illegal land use after recovering 18.63 billion yuan (HK$22.15 billion) last year from 8,612 persons ... at the provincial level, adding that there were field inspections for 3,801 land-use cases for construction projects last year. The recovered money included 4.06 billion yuan in fines for land misuse, 13.23 ...

  8. 5b yuan cost of high-speed rail corruption

    Posted Mar 24th 2011, 12:00am by Toh Han Shih

    ... Toh Han Shih Embezzlement, fraud and other financial irregularities totalling more than 5 billion yuan (HK$5.9 billion) have been discovered in China's flagship Beijing-Shanghai ... of fixed assets investment auditing, gave some details of the 5 billion yuan sum lost last year in an interview posted on the central government website. 'Various work units and individuals ...

  9. Capital's runway plans to go ahead

    Posted Mar 21st 2011, 12:00am by Denise Tsang

    ... yesterday that its net profit had more than doubled to 595.19 million yuan (HK$705.5 million) last year from 295.97 million yuan in 2009 on 16.35 per cent growth in revenue to 5.77 billion yuan, helped by exchange gains, which rose to 81.18 million yuan from 2.44 million yuan. ...

  10. Provisions build after failure of brokerage

    Posted Mar 04th 2004, 12:00am by Staff Reporter

    ... Bei Hu China Southern Securities' two biggest shareholders set aside 455 million yuan Two Shanghai-listed companies have made combined provisions of more than 455 million yuan ... yesterday, carmaker Shanghai Automotive said it had made a full provision of 396 million yuan for its investment in what was once the mainland's fifth-largest brokerage. '[China Southern ...




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