Liaoning official chosen to head Anben Steel

The merger between steelmakers Anshan Iron & Steel Group and Benxi Iron & Steel Group is gaining momentum with the government's appointment of a chairman shortly to head the integrated entity, a mainland newspaper has reported.

Saturday, 5 January, 2008, 12:00am

Doubts over official death toll of 25 in karaoke bar blast

Locals say as many as 50 may have died in explosion

Doubts have surfaced about the death toll in an explosion at a karaoke parlour in Tianshifu, Liaoning province , as some reports yesterday linked the blast to illegally stored explosives.

7 Jul 2007 - 12:00am

After the blast, a deafening silence falls on the media

As the outside world waited yesterday for news of the karaoke parlour blast in northeastern Liaoning that killed 25 young revellers, a deafening police silence fell on the province's media.

6 Jul 2007 - 12:00am

Deadly fires stoked by social tensions

Revenge attacks and poor safety measures kill hundreds of people each year

The mainland has a history of disastrous fires and explosions. The latest, at a karaoke hall in Liaoning province, is far from the worst, despite the cost in human lives.

The causes range from accidents to arson by people with grievances.

6 Jul 2007 - 12:00am

China presses steelmakers to merge

Development blueprint calls for phasing out of old inefficient plants in favour of large-scale facilities

More than a quarter of China's steel production capacity lies in inefficient, pollution-prone factories that must be phased out in favour of new large-scale plants, according to a policy document unveiled by the National Development and Reform Commission (NDRC) yesterday.

21 Jul 2005 - 12:00am

Displaced peasants in rare legal win

IN a rare victory over officialdom, 3,000 peasants displaced by a dam in the northeast of the country have won improved compensation after fighting for eight years.

The Workers Daily said yesterday the 30 million yuan (HK$28.2 million) payout was the biggest award resulting from a civil case against the Government.

7 May 2000 - 12:00am

Sales to son's bankrupt plant costs father's factory $46m

The head of one of the mainland's leading steel plants caused his firm to lose nearly 50 million yuan (HK$46.5 million) by selling goods to a factory where his son was a manager, when he knew that it was going bankrupt.

7 Jan 2000 - 12:00am

Coal-miner failure sets precedent

Beijing has declared a top state mine bankrupt for the first time, after the mine ran up debts of more than one billion yuan (about HK$932.7 million).

It is the most dramatic example yet of the government's resolve to slim its coal industry despite the heavy social cost.

12 Aug 1999 - 12:00am

Rallying cry for reforms sweeps mainland economy

Regional officials across China are calling for faster reforms, taking their cue from President Jiang Zemin's address at last month's 15th Communist Party Congress.

Taking the lead is Shenzhen, where the local Government has passed new regulations allowing most state-owned enterprises to sell shares to employees and give workers loans so they can afford to buy them.

7 Oct 1997 - 12:00am

Bengang issue aims to upgrade output

China's fifth largest steel-maker, Benxi Iron & Steel Co, hopes to begin its sale of 400 million B shares next week, raising up to one billion yuan (about HK$929 million).

Based on a price-earnings ratio of about 7.5 times, Benxi's shares will be priced between HK$2 and $2.50, sources said.

4 Jun 1997 - 12:00am

Benxi Iron & Steel Co listing

China's fifth largest steel-maker, Benxi Iron & Steel Co, will sell shares next month to raise more than US$100 million in the biggest B-share float this year.

25 Apr 1997 - 12:00am

Pollution cleanup aimed at provinces

China's top environmental official told local cadres yesterday to 'leave no means untried' to fight pollution.

State Councillor Song Jian, who heads the Environmental Protection Committee under the State Council, urged the officials to follow the example of Benxi in Liaoning province, Xinhua (the New China News Agency) reported.

19 Aug 1996 - 12:00am

Austria funding

THE Industrial and Commercial Bank of China signed two agreements with the Bank of Austria yesterday, including an export credit general agreement and a 58 million deutschemark (about HK$301.6 million) lean for the Benxi Steel plant technology transformation.

20 Sep 1995 - 12:00am

Englong in China stakes

ENGLONG International has made a deal with two of its directors, one of them a major shareholder, to buy into 12 China joint ventures in Liaoning.

Englong will buy Edenvale Holdings from Michael Huang Jincan, who owns 50.6 per cent of Englong, and Raymond Liu Zhang-wan, a fellow Englong director but not a shareholder in the firm.

4 May 1995 - 12:00am