Property shares tumble amid dashed hopes
Mainland property stocks ended an eight-day winning streak yesterday after officials quashed speculation about looser controls on real estate investment. The Shanghai Stock Exchange’s real estate index sank 2.99 per…
Princeling Zeng helping state firm raise funds
Jeffrey Zeng, the son of former vice-premier Zeng Peiyan, is helping CITIC Capital raise a US$ 150 million venture capital fund that focuses on domestic small and medium-sized enterprises (SMEs).…
Fired workers can remain in HK until their visas expire
Grace Shie, Head of Baker & McKenzie’s Global Immigration & Mobility practice for Hong Kong and China, discusses employment visas in Hong Kong. Home/Business/Markets…
State Grid in talks to buy wind power assets from American utility
The State Grid Corporation of China, a monopoly power distributor in all but five southern provinces of the mainland, is in talks to buy wind power assets from the United…
Down payment subsidies aim to lure buyers
Falling home prices on the mainland are forcing some developers to allow first-time home buyers to delay down payments – or subsidise the payments to boost sales. Developers in some…
Fund managers stand out amid flat-line trading
Focus turns to firms with heavy sales, from Chinalco to Honghua, as buying dips for fourth straight week, says Robert Halili. Home/Business/Markets…
Fund managers stand out amid flat-line trading
Focus turns to firms with heavy sales, from Chinalco to Honghua, as buying dips for fourth straight week, says Robert Halili. Home/Business/Markets…
Business Digest
Prudential, Britain’s biggest insurer, is considering moving its headquarters from London to Hong Kong to escape tough new capital rules for European insurers, the Sunday Times reported. Prudential is concerned…
Ford pushes further into mainland with new plant and more dealers
Ford Motor is on track to double the number of dealerships on the mainland by 2015, its country chief said yesterday, as it opens a half-billion-dollar plant and races to…
