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  • September 20, 2014
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  1. News - China - AGRICULTURE

    Beijing to spend 18b yuan to protect farmers' land rights

    Posted Feb 02nd 2013, 12:00am by MANDY ZUO

    ... Mandy Zuo mandy.zuo@scmp.com Beijing set to spend 18b yuan on clarifying tenure of plots and ordering local officials to issue certificates to farmers in five years Plan to protect rural land rights The mainland is going to spend 18 billion yuan (HK$22.4 billion) identifying and registering the contractual rights of farmland in the countryside over the next five years amid ...

  2. Hard to fight graft in trade, says official

    Posted May 18th 2011, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com An investigation has found bribery involving three billion yuan (HK$3.58 billion) linked to 156,000 cases of illegal construction projects from September ... and government priorities now were very different from two years ago when Beijing launched a four trillion yuan stimulus during the global financial crisis. 'Then the priority was boosting [gross ...

  3. Homeowners losing battle for their rights

    Posted Jun 27th 2010, 12:00am by Chloe Lai

    ... 2001 to make way for a 2 billion yuan (HK$2.3 billion) luxury resort and apartment complex. The dispute turned violent in February when township officials began construction, forcibly driving ... displaced residents would receive a monthly rent subsidy of 90 yuan until December 1999, when they could return to the old neighbourhood and move into brand new flats. Returning residents would ...

  4. Business - China Business - CROSS-STRAIT TIES

    Beijing, Taipei sign yuan clearing pact

    Posted Sep 01st 2012, 12:00am by George Chen

    ... George Chen and Bloomberg george.chen@scmp.com Taiwan becomes the third offshore trading centre after Hong Kong and Macau, signalling more competition ahead in yuan settlement Beijing, Taipei sign yuan clearing pact Beijing and Taipei signed a yuan clearing agreement yesterday, a move that analysts say will help globalise the use of the currency but create competition with Hong ...

  5. Owners of toppled flats angry over rules for second buyers

    Posted Jan 13th 2010, 12:00am by Will Clem

    ... by the criteria for the purchases of second homes. The distinction could mean the buyers each have to come up with as much as 240,000 yuan (HK$272,000) extra if Shanghai implements new, tougher rules ... been told he could borrow no more than 200,000 yuan from the government's housing fund because this would be his second purchase. The unfinished 13-storey apartment block- one of 11 being ...

  6. 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 ...

  7. Beijing to pack 56b yuan into metro expansion

    Posted Aug 10th 2012, 12:00am

    ... Toh Han Shih hanshih.toh@scmp.com Beijing Infrastructure Investment, which invests in and builds the capital's metro railway, says it will spend 55.87 billion yuan (HK$68.49 billion) on 10 metro rail projects from next year to 2015. The state-run company will issue two billion yuan of one-year bonds to fund the construction of at least six metro lines, adding to its mounting ...

  8. Wumart to increase stores after profit leap

    Posted Aug 05th 2008, 12:00am by Staff Reporter

    ... its first foray into the province by acquiring a supermarket operator from its parent firm earlier this year. Net income in the six months to June rose to 327.04 million yuan (HK$372.6 million) from 160.27 million yuan a year earlier, thanks to a one-off gain from an equity swap with the sister company and stronger sales. Excluding the gain of 135.35 million yuan, first-half net ...

  9. 829b yuan to beat the downturn

    Posted Jul 27th 2012, 12:00am

    ... Jane Cai in Beijing xuejun.cai@scmp.com Hunan provincial capital Changsha has unveiled an 829.2 billion yuan (HK$1.02 trillion) stimulus package, prompting speculation it could be a model ... billion yuan, in an attempt to 'stabilise economic development', the official China News Service reported. The announcement follows a 3 trillion yuan stimulus package unveiled ...

  10. 15m yuan diamonds are a man's best friend

    Posted Jul 17th 2012, 12:00am

    ... Huang Yuanxi yuanxi.huang@scmp.com A man from Ordos, Inner Mongolia, bought 104 diamonds for nearly 15 million yuan (HK$18.4 million) from a retailer in Beijing last week, hoping to keep ... sum. The employee was quoted as saying that the buyer began negotiating his purchase with the store two months ago, and he initially wanted to spend 40 million yuan, but his current disposable ...




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