Joint Venture

Guangzhou Auto bides time for A-share listing

Guangzhou Automobile Group says it is waiting for the right time to list on the A-share market, after listing successfully on the H-share market.

Wednesday, 1 September, 2010, 12:00am

Genting HK swings to profit as casino business picks up

Shares in cruise operator and Philippines casino investor Genting Hong Kong rose to a fresh 31-month high yesterday after the company said it swung to a profit during the first six months of the year.

31 Aug 2010 - 12:00am

Beijing's latest showpiece adds grandeur to the city's skyline

The tallest building in Beijing opened for business yesterday, forming the centrepiece of the capital's central business district.

The 330-metre, 81-storey main tower of the China World Trade Centre Phase Three complex is decorated with 24-carat gold foil on the lobby walls and is supported by a special structure to prevent it from collapsing if struck by an aircraft.

31 Aug 2010 - 12:00am

Dongfeng raises target after sales in first half beat expectations

Dongfeng Motor Group, the mainland carmaking partner of Nissan, Honda and Peugeot PSA, yesterday raised its full-year sales target by as much as 10 per cent after growth in the first half beat expectations.

31 Aug 2010 - 12:00am

CSRC to seek police aid on insider probes

The mainland's securities regulator will seek the help of police in investigating suspected insider trading deals, reflecting Beijing's growing awareness of the severity of market irregularities.

27 Aug 2010 - 12:00am

FAW Car invests 1.79b yuan to revive struggling Red Flag brand

State-owned FAW Car is betting 1.79 billion yuan (HK$2.04 billion) that it can raise high the Red Flag once again.

The Changchun-based carmaker said yesterday it is investing that sum in a plant with an annual capacity of 30,000 cars. It will be dedicated to resurrecting the historic but struggling Hongqi, or Red Flag, brand of high-end passenger cars.

27 Aug 2010 - 12:00am

Century City pins earnings hopes on property unit

Century City Group is looking to its property arm, Paliburg Holdings, to fuel earnings growth, chairman Lo Yuk-sui said yesterday.

25 Aug 2010 - 12:00am

Games venues being turned into cash cows

After intermittent rain the previous day and night, Beijing residents awoke yesterday to a spectacular blue sky, an unusually refreshing departure from the muggy, smoggy weather since the beginning of this month.

23 Aug 2010 - 12:00am

The real reasons for our property bubble

Defying the government's latest package of measures to rein in runaway home prices, developers bid furiously for sites in Kowloon in a recent land action. Cheung Kong (Holdings) effectively slapped the government in the face by buying both sites at a premium.

22 Aug 2010 - 12:00am

Air China may take off into the corporate flying market

Beijing-based Air China may establish a corporate jet joint venture with the Beijing city government to tap surging demand for business and luxury travel across the mainland.

21 Aug 2010 - 12:00am

Stern who? Rio's China relations move on

You get the impression that Stern Hu is one name that Rio Tinto chief executive Tom Albanese never wants to hear again.

At a press briefing in Shanghai he was reluctant to talk about the former head of Rio's China operations who was jailed earlier this year for accepting bribes and stealing trade secrets.

21 Aug 2010 - 12:00am

Pacific Basin looks Down Under for towage

Pacific Basin Shipping is targeting Australia's burgeoning oil and gas sector and infrastructure development in the Middle East to drive expansion of its fledgling towage business.

Through its PB Sea-Tow subsidiary, the firm is already providing tugs and staff for the Gorgon gas project being developed up to 200 kilometres off the northwest coast of Western Australia.

21 Aug 2010 - 12:00am

China Shipping prepares for challenges ahead

China Shipping Development, one of the country's major shipping conglomerates, said it was heading into more challenging waters in the second half after reporting a 60 per cent increase in interim net profit.

19 Aug 2010 - 12:00am

Media China has big plans for TV, travel and films

A strong recovery in the mainland media and advertising markets is supporting Media China Corp's plans to expand the reach of its money-making Travel Channel operation, and produce more television and movie productions this year.

17 Aug 2010 - 12:00am

Developers' shares, home sales plunge

Shares of the city's big developers slumped yesterday after the government's tough new measures to cool speculation in the property market sparked a 50 per cent drop in home sales over the weekend.

17 Aug 2010 - 12:00am