No end in sight for mainland blackouts
The mainland faces power blackouts again this year, despite predictions that growth in consumption will slow on the back of a downturn in economic growth. The China Electricity Council, representing…
Jiangxi earmarks 100b yuan for expressways
Brushing aside concerns over the rising debts of local governments on the mainland, Jiangxi province is planning to spend more than 100 billion yuan (HK$ 123 billion) on building expressways…
SMEs get credit lifeline to help weather the storm
The government-owned Hong Kong Export Credit Insurance Corporation is offering new measures to help small and-medium-sized exporters (SMEs) weather an uncertain economic climate. Home/Business/Markets…
Securities regulator to probe behaviour of financial institutions in IPO pricings
Beijing has begun an investigation into the process by which initial public offerings (IPOs) of shares are priced. Institutions participating in pricing consultations will be required to file their research…
HK business activity up; first rise since July
Hong Kong business activity grew last month, reversing a five-month contraction, as the strong employment market helped to underpin local consumption. The Hong Kong purchasing managers’ index (PMI) compiled by…
Shoe firms win fight over EU anti-dumping duties
A landmark ruling by the European Court of Justice is expected to result in lower anti-dumping duties on Chinese goods exported to the EU. The judgment by the EU’s top…
Plan for major banks to cut share dividends
Three of the mainland’s Big Four banks look poised to slash their shareholder dividends this year to conserve capital, according to people in the financial industry. The sources said Central…
Esprit mulls closing all of its North American stores
Esprit Holdings, the Hong Kong-listed fashion retailer struggling to recover from an earnings slump, may close all its stores in North America, if it fails to find a buyer or…
Holiday helps lift casino revenue 6pc
Macau’s casino revenue came in slightly above expectations last month as record tourist arrivals over the Lunar New Year helped boost gambling revenue 34.8 per cent from a year ago.…
