Transportation in the People's Republic of China

Lunar New Year travel scramble gets under way

A paramilitary policeman stands firm as crowds pack Yinchuan railway station, Ningxia Hui. Photo: Xinhua

In big cities such as Guangzhou, huge queues formed at the entrances to main train stations, as shown by texts and photos posted on Sina Weibo.

Sunday, 27 January, 2013, 5:33am

CSIC exempt from disclosing output of military equipment, firm warns

China Shipbuilding Industry Company, the Shanghai-listed firm preparing a 17.4 billion yuan (HK$20.5 billion) private placement, warns shareholders it is exempt from disclosing information about its military production.

16 Feb 2011 - 12:00am

Smaller shipyards could collapse in industry upheaval

China's shipbuilding industry is set for an upheaval likely to lead to the collapse of smaller, privately owned shipyards, according to a leading analyst with a Norwegian bank.

11 Dec 2010 - 12:00am

Critics query ID policy for buying train tickets

The new policy on train ticket purchases has sparked a debate over the Ministry of Railways' motivation for implementing it as the Lunar New Year travel period approaches.

12 Jan 2010 - 12:00am

Sinotruk, Jinan Truck dip on profit warnings

The Hong Kong-listed shares of Sinotruk (Hong Kong) and its Shenzhen-listed subsidiary, CNHTC Jinan Truck, dropped yesterday after both truck makers issued profit warnings.

Sinotruk fell 7.23 per cent to HK$6.67, while Jinan Truck dropped 4.4 per cent to 21.30 yuan (HK$24.07).

20 Jun 2009 - 12:00am

In Brief

China Coal, Sinotruk parents buy back shares in secondary market

Two key mainland enterprises said their controlling shareholders bought back more shares in the secondary market. China Coal Energy said its parent company China National Coal Group bought 4.05 million A shares in Shanghai yesterday, increasing its shareholding to 57.55 per cent from 57.52per cent.

24 Sep 2008 - 12:00am

Sinotruk lines up greener, higher-priced engines

Sinotruk (Hong Kong), the mainland's third-largest heavy truck maker, will start developing engines that meet tighter emission standards by the end of the year to capitalise on the higher selling prices for more environmentally friendly products.

1 Sep 2008 - 12:00am

CSSC forecasts 11-fold earnings jump

China State Shipbuilding Co, the largest mainland shipyard, said yesterday that its net profit surged more than 11-fold last year due to an increase in vessel orders and the acquisition of shipyards from its parent company.

1 Feb 2008 - 12:00am

Investors show lukewarm response to new share offerings

Investors are continuing to pull back from initial public share offerings in Hong Kong, with brokerages recording lacklustre demand for margin financing for three new offerings.

Margin financing for shares of Anton Oilfield Services Group, a mainland provider of drilling and field services, closed yesterday following less than thrilling demand from investors.

6 Dec 2007 - 12:00am

Xiashun offering may be foiled as sentiment softens for new listings

Xiashun Holdings, the mainland's largest light-gauge aluminium foil maker, is unlikely to attract many retail investors in its initial public offering because of the weak sentiment towards new stocks, according to analysts.

30 Nov 2007 - 12:00am

Sinotruk retail offer pulls in HK$270b

The appetite for the initial public offering of Sinotruk (Hong Kong) has not been affected by the volatility on the Hong Kong stock market.

The firm drew more than HK$270 billion worth of orders - or more than 300 times the shares available - for its retail issue, a source said.

The institutional tranche was more than 30 times oversubscribed.

21 Nov 2007 - 12:00am

Sinotruk to reduce debt with listing proceeds

Sinotruk (Hong Kong) will lower its debt-equity ratio to 55 per cent from 82.2 per cent after its initial public offering this month.

'Our gearing will decline substantially after raising money from the stock market,' executive director and president Cai Dong said.

15 Nov 2007 - 12:00am

Sinotruk shares set at costly PEs

Sinotruk (Hong Kong), a mainland red-chip firm seeking to raise up to US$1.15 billion in Hong Kong, has priced its shares at a relatively expensive 15 to 20 times forward earnings, hoping to take advantage of strong market liquidity, according to market sources.

13 Nov 2007 - 12:00am

Shipbuilders en route to challenge Korea

CSSC expects mainland yards to capture 30pc of world vessel market in three years

China State Shipbuilding Corp (CSSC), the biggest mainland shipbuilder, expects mainland yards to account for 30 per cent of the world's finished vessels in three years, challenging South Korea's leadership.

8 Oct 2007 - 12:00am

China Truck to transfer stake

China National Heavy Duty Truck, one of the country's top three heavy-duty truck manufacturers, will inject its entire stake in a Shenzhen-listed company into its Hong Kong-based unit, which is seeking to list in Hong Kong in June.

7 Apr 2007 - 12:00am