Two more property developers in Guangdong and Hangzhou have filed for bankruptcy, highlighting the growing pressure on cash-strapped small players that are struggling amid Beijing's efforts to cool the housing market.Friday, 20 April, 2012, 12:00am
Beijing's move to push property prices down is starting to show results, with the cost of a new home in major cities falling last month for the sixth consecutive month.
The central government began efforts to cool the red-hot property market two years ago amid concerns that home ownership was getting beyond the reach of average people.19 Apr 2012 - 12:00am
Highly indebted Greentown China and another mainland developer are to sell a prime development site in Shanghai to Soho China for 2.13 billion yuan (HK$2.6 billion) in the face of a credit crunch.18 Apr 2012 - 12:00am
Regulations favour big players, Fitch says18 Apr 2012 - 12:00am
Jiangnan, the third-largest supplier of electric wires and cables in the mainland by sales, plans to raise up to HK$789 million from an initial public offering in Hong Kong despite the recent dull market conditions.10 Apr 2012 - 12:00am
A top Shanghai high school has secured approval to open the city's first two all boys' classes at the start of the new school year in September, in a pilot programme designed to tackle a 'masculinity crisis' in mainland education.
The move has spurred debate about whether the problem - weak male students who perform poorly academically and lack leadership - actually exists.30 Mar 2012 - 12:00am
Police in Jiangsu province are hunting for a branch manager of state-owned Agricultural Bank of China who fled with more than 100 million yuan (HK$122 million) in funds he raised from others privately.26 Mar 2012 - 12:00am
Evidence of yet more fraud, waste, mismanagement and irregular accounting and procurement worth billions of yuan was uncovered in the construction and running of the Beijing-Shanghai high-speed railway, according to a report by the National Audit Office yesterday.
Irregularities included 491 million yuan (HK$600 million) misappropriated or embezzled by local officials.20 Mar 2012 - 12:00am
Latex, leather and lace descended on Shanghai this weekend as the city played host to the region's largest trade fair for the adult industry.
And in a sign of changing social mores, organisers and exhibitors at China Adult-Care Expo 2012 yesterday hailed higher numbers of female and elderly visitors as evidence that traditional taboos are rapidly breaking down.19 Mar 2012 - 12:00am
China Travel International Investment Hong Kong says it is in talks with the local government concerned to acquire a key tourist spot near Suzhou.
The net profit of the tourism conglomerate, which has interests ranging from travel agencies and tourist attractions to hotels and resorts in Hong Kong and the mainland, rose 348 per cent year on year to HK$695 million in 2011.17 Mar 2012 - 12:00am