Christine Chan

Careers take off at Airport Authority

On July 6, 1998, the Airport Authority Hong Kong (AAHK) made history by moving the city's airport from Kai Tak to its present location on Lantau Island in one single night - a testament to the professionalism of its staff.

Friday, 20 July, 2012, 12:00am

Big Four bank's 7.5pc bad-loan ratio impresses

China Construction Bank's bad-loan ratio fell to 7.5 per cent at the end of last year, a figure likely to boost interest in its planned listing.

The ratio stood at 12.54 per cent at the start of last year and 7.5 per cent is probably the lowest recorded by any of the mainland's Big Four state banks.

3 Feb 2004 - 12:00am

Foreign firms fill gap in liability cover

China's king of white-goods Haier Group got almost nowhere when it went looking for insurance cover for its US$1 billion worth of exports, as domestic property insurers were hesitant to provide product liability insurance due to the varying legal and consumer-protection regimes worldwide.

6 Nov 2003 - 12:00am

Sinopec ethylene unit lifts nine-month profit 86pc

Soaring product prices and output volume saw profit at H share Sinopec Shanghai Petrochemical shoot up 86.93 per cent to 911.13 million yuan (HK$854.8 million) in the first nine months of the year.

27 Oct 2003 - 12:00am

Shenzhen leads pack in growth

Shenzhen recorded first-half economic growth of 13.5 per cent, outpacing other mainland cities and coming in higher than the national growth of 7.8 per cent.

The city's gross domestic product stood at 94.02 billion yuan (about HK$88.11 billion), helped by continuing strong growth in state spending, export growth and retail sales.

19 Jul 2002 - 12:00am

Parliament approves landmark telecoms bill

The mainland parliament has passed the country's first comprehensive set of telecommunications regulations.

A separate regulation on Internet content was also passed yesterday, the People's Daily reported.

22 Sep 2000 - 12:00am

Tsingtao net expected to be hurt by losses at acquired breweries

Tsingtao Brewery's net earnings growth last year will be hit by 'heavy operating losses' of tens of million of yuan incurred by newly bought breweries, according to sources.

17 Apr 2000 - 12:00am

Warning on rush to tech stocks

Official media has warned mainland investors against rushing headlong into the speculative frenzy of Internet stocks, just as the fever is catching on in the mainland.

In a front page commentary, the Shanghai Securities News said investors should be aware of the huge risks in the Internet sector and be extremely careful when making investment decisions.

25 Feb 2000 - 12:00am

Export surge fuels 8.9pc output growth

Mainland industrial output last month grew at a stronger than expected pace.

The increase was fuelled by Beijing's aggressive monetary policy, a strong export performance and improved sentiment, amid signs of easing deflationary pressure.

22 Feb 2000 - 12:00am

Tianjin Bohai sets out on new track

Tianjin Bohai Chemical Industry (Group) may become the first H share to change its core business.

The company, one of the mainland's largest chemical producers, said yesterday it was in preliminary negotiations to acquire high-technology and road projects.

29 Dec 1999 - 12:00am

Power unit faces ceiling on capacity

Beijing Datang Power Generation will be hit by the planned reform of the power industry, according to a brokerage.

Under a deregulation plan, each mainland independent power producer (IPP) can have installed capacity of no more than 30 per cent of its provincial power grid. The ceiling is designed to prevent IPPs from dominating grids.

8 May 2015 - 9:33am

Bank reserves cut eases loans

Beijing has cut the deposit reserve requirement of commercial banks from 8 per cent to 6 per cent, freeing up about 200 billion yuan (HK$186 billion) in bank lending.

Analysts had expected the ratio to be cut to 5 per cent.

The central People's Bank of China yesterday said the cut would take effect on Sunday.

19 Nov 1999 - 12:00am

Textiles firm sees profit in asset swap

Jingwei Textile Machinery expects a planned asset swap with its parent will double its annual sales and boost its export market share.

The company proposed two weeks ago to sell four ailing operations to parent China Textile Machinery in return for the injection of a 98 per cent stake in each of the four profit-making cotton-yarn textile-machinery production plants.

13 Oct 1999 - 12:00am

Call for special issue draws more support

Mainland government researchers have joined calls for a special bond issue in the second half of the year aimed at preventing the economy from slipping.

This would be in addition to Ministry of Finance plans to issue domestic and foreign bonds worth 341.5 billion yuan (about HK$317.5 billion) this year.

23 Jun 1999 - 12:00am

Brokers set for approval

The China Insurance Regulatory Commission (CIRC) will soon approve the establishment of insurance brokers, Xinhua news agency quoted the regulator's vice-chairman as saying.

Tang Yunxiang said the CIRC's authorisation of the mainland's first insurance brokers was waiting for a final go-ahead by the State Council.

18 Jun 1999 - 12:00am

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