H Shares

PICC to lift capital with 5.8b yuan rights issue

PICC on Monday said it planned to raise 5.8 billion yuan in the rights issue of 930 million A shares at 4.30 yuan apiece and 418 million H shares in Hong Kong at HK$5.38 each, which would be a 47.25 per cent discount on its Monday closing price. Photo: Bloomberg

A planned rights issue would help PICC Property and Casualty, the mainland's biggest non-life insurer, to record faster premium growth and business expansion, analysts said.

Wednesday, 22 May, 2013, 3:20am

Sinopec's share issuance puts faithful investors at disadvantage

Sinopec offered to sell HK$24 billion worth of new shares to a handful of privileged investors at a steep discount. Photo: Bloomberg

Shareholders' rights and interests often take a back seat in Hong Kong. And so it proved to be again when state-owned oil giant Sinopec shocked the market by offering to sell HK$24 billion worth of new shares to a handful of privileged investors at a steep discount.

17 Feb 2013 - 1:59am 2 comments

China Digest, August 17, 2012

China Digest, August 17, 2012


Delayed passengers rebel

17 Aug 2012 - 4:17am

Airlines rise on state's vow to lift industry

Shares of mainland airlines soared in Hong Kong yesterday after the central government issued a circular aimed at boosting the aviation industry, predicting a tripling of the mainland's air transport volume by 2020.

14 Jul 2012 - 12:00am

Hunan Nonferrous warns of net loss

Hunan Nonferrous Metals, the mainland's largest producer of non-ferrous metals excluding aluminium, warned it would post a net loss for the first half as a result of lower product prices and high production and financial costs.

11 Jul 2012 - 12:00am

Europe's Carriers may lose US$1.1b

Losses at European airlines will hit US$1.1 billion this year - almost double the US$600 million estimate made just three months ago, as the euro-zone crisis continues to worsen, the International Air Traffic Association (IATA) has warned.

12 Jun 2012 - 12:00am

Ailing China Southern to get 2b yuan injection

Another government handout may not do much to help a beleaguered China Southern as capital injection is a doubled-edged sword for airlines, industry analysts say.

11 Jun 2012 - 12:00am

E.U. warns airlines over emissions compliance

All international airlines except those from mainland China and India have complied with the EU law on offsetting their carbon emissions, the European Union's climate chief said yesterday.

16 May 2012 - 12:00am

China Eastern buys 20 Boeing 777s

Boeing has made a sales pitch more common to the car showroom than multibillion-dollar aircraft deals as it attempts to woo mainland customers from European rival Airbus.

The US company convinced China Eastern Airlines to trade in five of its Airbus aircraft at a premium in return for it buying Boeing 777-300ER (extended range) planes.

1 May 2012 - 12:00am

End row over carbon scheme, E.U. urged

Airbus is ratcheting up pressure on European Union policymakers to resolve rising international tensions over the controversial emissions trading scheme after claims that US$12 billion worth of contracts have been withheld by Beijing.

13 Mar 2012 - 12:00am

Beijing tells airlines not to pay EU carbon tax

Beijing has thrown down the toughest gauntlet yet to the European Union's plan to impose a carbon charge on global airlines.

7 Feb 2012 - 12:00am

Beijing mulls retaliatory moves over EU carbon tax

Beijing will launch trade sanctions and prohibit mainland carriers from joining the European Union's emissions trading scheme, which came into effect on Sunday. It says the EU's move to include global airlines in the scheme is illegal.

5 Jan 2012 - 12:00am

China Postal plans near-sixfold expansion of air-freighter fleet

China Postal Airlines, the express courier division of China Post, has confirmed plans for an almost sixfold increase in its air-freighter fleet as it targets expansion of domestic and international operations.

31 Oct 2011 - 12:00am

Mainland airlines plan court action over EU emissions trading scheme

Mainland airlines plan to file a lawsuit to challenge the EU's emissions trading scheme that fines airlines for exceeding emission quotas on all European flights from next year.

Flag carrier Air China and the China Air Transport Association (CATA) will file the lawsuit in a European court.

9 Aug 2011 - 12:00am

Asia Jet's charter service ready for mainland takeoff

Asia Jet, which has the largest business aircraft charter fleet in Hong Kong, will launch a similar venture with Shanghai's China Eastern Airlines in the next two months.

7 Jul 2011 - 12:00am