Chinese companies

Premiums drop for top Chinese firms' debt

Aluminum Corp of China sold February 2014 debt at 3.75 per cent last month. Photo: Reuters

Top-rated companies on the mainland are paying the lowest premiums to sell debt in nearly 27 months, showing investor confidence in state-backed firms even as the overall economy flags.

Friday, 7 June, 2013, 3:46am

Chinese bidders on a roll with Asia rail projects

Manila's metro system is expanding and mainland companies are keen for a slice of the action. Inroads have been made into India and Thailand is a key target. Photo: Bloomberg

Chinese companies had expressed interest in winning transport contracts in the Philippines, said Rene Limcaoco, undersecretary of the Philippine Department of Transportation and Communications, at the recent Asia Pacific Rail conference in Hong Kong.

3 May 2013 - 5:14am

Beijing's Guideline ensures firms must take care with personal info

Beijing's Guideline ensures firms must take care with personal info

Mainland specifications for personal information protection, under the name of the "Guideline", mark the latest step by Beijing to address data privacy issues after a number of recent high-profile cases involving unauthorised use and disclosure of personal information.

1 May 2013 - 3:46am

China's economic recovery hit as profit growth wanes

Industries catering to the consumer, like textiles, seem to be doing well. Photo: AFP

Growth in Chinese industrial firms' profits slowed last month, adding to evidence the mainland's economic recovery is losing steam.

Net income rose 5.3 per cent to 464.9 billion yuan (HK$580 billion) from last March, down from a 17.2 per cent pace in the first two months of this year, the National Bureau of Statistics said yesterday.

28 Apr 2013 - 8:01am

China needs to break the barriers to innovation

Lenovo, the world's second-biggest maker of computers, is among the few Chinese companies known to Americans in a survey. Photo: Bloomberg

China's companies are taking to the world in leaps and bounds. But despite firms extending their reach with purchases and products, global Chinese brand recognition remains low. Part of that has to do with insufficient international experience and marketing, but much is also about a lack of innovation and creativity.

18 Apr 2013 - 3:18am 1 comment

Trade group ties expose firms to antitrust suits

The United States federal court's decision last month in the Vitamin C case demonstrates the potential landmines awaiting Chinese firms doing business in the US.

In that case, several Chinese companies were sued by a class of consumers in the US for fixing the price of Vitamin C.

10 Apr 2013 - 3:57am

Hong Kong university students more keen on getting jobs on mainland

Human Resources Exchange Centre executive director Perry Suen Pang (second from left). Photo: Joyee Chan

A biennial survey shows slightly more university students would like to work in China - although the numbers of those who do remains low due to greater competition from other expats.

Hong Kong Human Resources Exchange Centre interviewed 500 university students over the past two months on the telephone.

31 Mar 2013 - 6:38am 1 comment

China says it is not top trading nation

China has denied reports it passed the United States as the largest trading nation, saying that it still trails when the values of goods are calculated using comparable free-on-board (FOB) prices. Photo: Bloomberg

China has denied reports it passed the United States as the largest trading nation, saying that it still trails when the values of goods imported and exported by both countries are calculated using comparable free-on-board (FOB) prices.

14 Feb 2013 - 4:53am

Claims China is world's No 1 trading economy are nonsense

Mainland imports of goods from the mainland via Hong Kong (left) and foreign value-added content of China's exports

If you believe the media reports, China passed another milestone last year, overtaking the United States to become the world's biggest trading economy.

14 Feb 2013 - 5:07am 8 comments

Beijing slams US sanctions on Chinese companies

Foreign ministry spokeswoman Hua Chunying

Beijing has denounced US sanctions imposed on four Chinese companies and one individual last week for allegedly breaching a US law designed to hamper the development of weapons of mass destruction by Iran, North Korea or Syria.

12 Feb 2013 - 6:09am

Loans by Hong Kong banks to mainland firms drop sharply

Customers of Hong Kong banks such as HSBC face new security measures if they want to use their ATM card abroad.

Total lending to non-bank mainland companies rose 13 per cent in the first nine months of last year over the same period in 2011, less than a third of the 42.9 per cent growth rate seen in 2011, the Hong Kong Monetary Authority said.

7 Feb 2013 - 5:16am

Mainland firms to increase investment in Europe

One of the deals signed last year is the acquisition of German concrete pump supplier Putzmeister by Sany Heavy Industry, China's biggest machinery maker. Photo: Xinhua

Of 74 companies that have invested in the 27-nation bloc, 97 per cent plan to make additional investments in the near future, according to a report released yesterday by the EU Chamber of Commerce in China, KPMG and Roland Berger Strategy Consultants.

1 Feb 2013 - 5:22am

Foreign expansion ambitions to boost China M&A

Sinopec spent US$2.5 billion on the acquisition of a Nigerian offshore project from French energy company Total last year. Photo: Bloomberg

China's merger and acquisition (M&A) activity is expected to rebound this year, driven mainly by the overseas expansion ambitions of privately owned companies in the retail and consumer goods sector, global accounting firm PricewaterhouseCoopers (PwC) said yesterday.

31 Jan 2013 - 5:20am

Business Management: China's M&A deals

Illustration: Martin Megino

Chinese companies are increasingly using overseas mergers and acquisitions (M&As) as a way of acquiring new capabilities as they expand globally.

5 Jan 2013 - 7:10am

Hanlong courts SOEs for African iron ore deal

Hanlong courts SOEs for African iron ore deal

Sichuan Hanlong Group, an investor in highways and power projects, is in talks with Chinese state-owned companies to develop an iron ore project in Africa owned by Australia's Sundance Resources.

28 Dec 2012 - 4:14am