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Hard Economic Landing for Industrial China in Q1 2014

Hard Economic Landing for Industrial China in Q1 2014

GDP growth in certain parts of China’s industrial heartland plummeted to as little as 0.1 percent in the first quarter of this year, according to the National Bureau of Statistics, with provinces linked to heavy industry such as coal mining being especially hard hit. In light of these and other poor showings, Beijing has been [...]

Jun 12 2014, 11:01 pm | Posted in Investment Relations | Read More »

Banking Regulatory Commission Adds More Banks in Cross Border Settlements

Banking Regulatory Commission Adds More Banks in Cross Border Settlements

During a forum of the 6th Greater Mekong Subregion Week for Economic Corridors which ended in Kunming, an official from the provincial office of the China Banking Regulatory Commission said that the Hong Kong and Shanghai Banking Corporation, the Bank of East Asia and Hang Seng Bank has started their businesses in Yunnan once China [...]

Jun 12 2014, 9:38 am | Posted in Finance | Read More »

Alibaba Signs Mobile Browser Developer in One of the Biggest Merger Yet

Alibaba Signs Mobile Browser Developer in One of the Biggest Merger Yet

Alibaba will be absorbing the mobile browser developer UCWeb as the e-commerce giant continues to go on a deal binge before getting listed. The absorbing of the mobile developer is said to be the biggest one yet. Alibaba continues to step up their acquisitions that will expand the company beyond their traditional online shopping business [...]

Jun 12 2014, 7:25 am | Posted in Investment Relations | Read More »

Energy Summit Carries Theme of Low Carbon Development and Quality Urbanization

Energy Summit Carries Theme of Low Carbon Development and Quality Urbanization

200 scholars, experts and business representatives coming from 45 countries has discussed low carbon developments during a two day international summit that ended today at the Shenzhen International Low Carbon City located in Longgang District. Following a theme of low carbon development and quality based urbanization, the summit included a plenary forum, sub forums and [...]

Jun 11 2014, 7:32 am | Posted in Investment Relations | Read More »

Imports on Major Commodities Falls Back due to Tighter Measures in Credit

Imports on Major Commodities Falls Back due to Tighter Measures in Credit

Chinese imports of major commodities has fallen in May compared to the previous months, as customs data showed that companies are scaling back orders after robust shipments in the previous months has created a overhang on supplies. Plus falling product prices at the back of a sluggish demand also led to the loss making companies [...]

Jun 10 2014, 10:40 am | Posted in Import/Export | Read More »

Rules Changes to Push Authorities in Granting Subsidies Equally

Rules Changes to Push Authorities in Granting Subsidies Equally

Even being one of the biggest and polluted car markets in the world, BYD has sold only a few of their hybrid or battery powered electric vehicles outside of Guangdong because of the system of local subsidies. These rules are now being changed based on a new effort created by the Central Government in pushing [...]

Jun 10 2014, 9:44 am | Posted in Investment Relations | Read More »

Reserve Requirement Ratios Cut to Support Smaller Companies

Reserve Requirement Ratios Cut to Support Smaller Companies

The Chinese central bank has released details about the reserve requirement ratios that was cut by the State Council during the end of May in order to support smaller companies along with the nation’s agricultural industry. Several bank reserve ratios have fallen by 0.5 percentage points starting June 16, and the reduction applies to about [...]

Jun 10 2014, 7:34 am | Posted in Finance | Read More »

Huawei Gets Contract to Supply Russian Company with Telecommunications Equipment

Huawei Gets Contract to Supply Russian Company with Telecommunications Equipment

Megafon , Russia’s second biggest mobile phone operator has extended its cooperation with their key supplier Huawei as the two companies have signed a new seven year supply contract. The new deal is said to be at billions of rubles for the supply of equipment for the modernization and construction of the company’s 2G, 3g [...]

Jun 9 2014, 9:36 am | Posted in Investment Relations | Read More »

Shenzhen Hits Quota in it’s First Carbon Exchange Auction Program

Shenzhen Hits Quota in it's First Carbon Exchange Auction Program

Last Friday, Shenzhen became the third city in China to have a carbon exchange auction after Beijing and Shanghai. The auction was launched online on the Shenzhen Carbon Trade Exchange website and saw a total of more than 74,000 of carbon quotas sold for 2.65 million yuan. There were 94 local enterprises under the carbon [...]

Jun 9 2014, 8:40 am | Posted in Finance | Read More »

New Import Duties Imposed on Chinese Made Solar Panels

New Import Duties Imposed on Chinese Made Solar Panels

Late last Tuesday the commerce department in the United States has slapped new import duties on solar panels and other related products that are coming from China, ruling that these solar panels were used using subsidies from the Chinese government which further placed stress on the trade tensions happening to the two countries. The German [...]

Jun 6 2014, 10:37 am | Posted in Import/Export | Read More »

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