After careful consideration, the Canadian government has finally approved the acquisition of Nexen by the China National Offshore Oil Corporation (CNOOC).Saturday, 15 December, 2012, 3:30am
A large panda statue recently erected in the middle of a Wanjing area traffic circle has draw fire from local residents, Beijing Times reports.14 Dec 2012 - 3:59am
Billionaire Schindler Holding chairman Alfred Schindler blasted Hyundai Elevator for denying him access to its books, as he wages a legal battle to protect his 35 per cent investment in the Korean company.13 Dec 2012 - 3:26pm
Hong Kong's largest electricity supplier, CLP, is raising up to HK$7.687 billion through a placement of new shares to fund its investment needs in the city, a term sheet seen by the South China Morning Post shows.13 Dec 2012 - 4:57am
The mainland's smaller banks boosted sales of wealth management products (WMPs) to account for more than 85 per cent of the 3.5 trillion yuan (HK$4.34 trillion) of offerings in the first nine months of this year, raising credit risks and deposit costs, Fitch Ratings said.13 Dec 2012 - 5:25am
Buying by directors rose for a second week, based on filings on the exchange in the first week of December, with 27 companies that recorded 129 purchases worth HK$319.3 million. The figures were up from the previous week's 22 companies, 122 purchases and HK$87 million.10 Dec 2012 - 7:18am
Cathay Conning Asset Management, a joint venture between Taiwan's Cathay Financial and US-based Conning Asset Management, wants to grow its Asian business out of Hong Kong by investing in Asian equities.10 Dec 2012 - 6:01am
Peter Woo Kwong-ching, the chairman of Wheelock & Company and Wharf Holdings, has also been steadily increasing his shareholdings in Wheelock, a ports-to-property conglomerate. Between August last year and October this year, he spent about HK$434 million on Wheelock shares.
Based on its current share price, he would have reaped more than HK$190 million in unrealised profits.10 Dec 2012 - 2:28am
Hong Kong has followed Singapore's lead in trying to curb its residential property market by diktat. It has imposed its first restrictions targeted at non-locals, charging non-permanent residents a special stamp duty of 15 per cent.10 Dec 2012 - 6:07am
Four squares on a phone screen show photos of four women. Tap the one you like and profiles appear showing age, occupation, education, and current location: a 27-year-old dentist and a 23-year-old garment buyer in Beijing; a 24-year-old designer in Hong Kong, and a 32-year-old sales executive in Taiyuan.10 Dec 2012 - 2:28am
Amid tense Sino-Japanese relations, the US$3.1 billion initial public offering of mainland insurer PICC Group is all the more remarkable in that it included a rare tranche solely targeted at Japanese investors.
While the exact allocation hasn't been disclosed, the equivalent of US$220 million is thought to have been allotted to them, the offer also said to have been well subscribed.10 Dec 2012 - 2:28am
We are stuck in a low interest rate environment likely to remain at this level for some time, not least because governments are competing aggressively to keep rates down to avoid an appreciation in the value of their currencies.10 Dec 2012 - 2:28am
The Hang Seng Index surged yesterday to a high for the year following a meaningful pickup in the mainland market and continued hot money inflows.
Despite this, shares of Zhengzhou Coal Mining Machinery fell 8.8 per cent on their trading debut, suggesting poor demand for coal mine equipment because of overcapacity on the mainland.6 Dec 2012 - 3:16am
HSBC's exit from its long-time investment in Ping An Insurance - China's No 2 life insurer - may not be a surprise to the market, but the buyer is big news.6 Dec 2012 - 11:56am
Government researchers are confident Beijing will keep investments stable next year, predicting economic growth will accelerate to 8.2 per cent from an estimated 7.7 per cent this year.6 Dec 2012 - 3:16am