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CICC hires Peng Wensheng as chief economist

Peng Wensheng [China Daily] China International Capital Corp has hired Peng Wensheng, head of China research at Barclays Capital, as chief economist to replace Ha Jiming. Peng, who joined Barclays in June 2008 from the Hong Kong Monetary Authority, confirmed the appointment when ...

Li Ka-shing buys most Hutchison shares in 7 yrs

Billionaire Li Ka-shing made his biggest investment in Hutchison Whampoa Ltd shares in at least seven years, boosting a stock that's already been the best performer of the month in Hong Kong's Hang Seng Index. Hong Kong tycoon Li Ka-shing shows off his iPhone to journalists at ...

Gome sues ex-chairman Huang Guangyu

HONG KONG - Hong Kong-listed Chinese electronics retailer Gome Electrical Appliances said it filed a writ of summons against former chairman Huang Guangyu at HK's High Court on Thursday for Huang's alleged breach of fiduciary duties in early 2008 as a former board director. Huang ...

Fruits of a growing ambition

A farmer who uses Shengmingsu produced by Wu Zishen's Yongye International harvests cucumbers on his farmland in North China's Inner Mongolia autonomous region. [Zhang Wei / China Daily] Yongye's products boost farmers' yields by up to 35 percent, says CEO Wu Zishen BEIJING - It ...

Bourse hiccups tied to ex-Microsoft chief

Tang Jun's biography "My success could be copied", remains on book store shelves in Beijing as of Monday. [China Daily] BEIJING: The fallout over the former president of Microsoft China's academic credentials appears to have overflowed onto companies related to him, which have ...

Rogers trains guns on Chanos for China remarks

American investment guru Jim Rogers has debunked contrarian investor James S Chanos suggestions that China's investment bubble may lead to a Dubai-style implosion. Rogers said the Chinese economy is not in any imminent threat of collapse, and investors and companies are wise to ...

Investment guru predicts full recovery by 2014

Daryl Guppy, the Australian investment guru, believes it could be only four years before the world economy achieves a full recovery. The 55-year-old, who makes regular appearances as a pundit on CNBC's Asia Squawk Box and is famed for his trademark walrus moustache, recently was ...

L-shaped recovery is likely

Richard Burton Editor's Note: Coface, an international credit insurance and credit management services group, in February downgraded its ratings for 22 countries and territories, while putting the two biggest emerging markets - China and Russia - on its negative watch list of A-3 ...

HSBC shifts focus to Asian region

Stephen Green Group chairman, HSBC HSBC announced on Friday the relocation of group chief executive Michael Geoghegan from London to Hong Kong, signaling the bank's effort to enhance its presence in China and other Asian emerging markets. "We see China in particular, and Asia in ...

Suit maker up on Buffett nod

[Luo Jie] Billionaire Warren Buffett turned Dalian Dayang Trands Co into China's best-performing clothing stock after saying he wears the company's suits and praising it as "wonderful". Dayang, based in the northeastern city of Dalian, rose 9.97 percent to 14.67 yuan ($2.15) ...

The property billionaire who shuns publicity

Wu Yajun Wu proves that women can make it in sector traditionally dominated by men Longfor Properties president Wu Yajun is not only the richest woman in China but also the person in the country's real estate industry of whom least is known. After Longfor made its debut on the ...

Casino billionaire Ho said to be 'recovering nicely'

Macao casino billionaire Stanley Ho, who has been hospitalized for the past four months, is "recovering nicely" and may be discharged soon, his son Lawrence said in a Bloomberg Television interview. "Hopefully, some time soon he can come out of the hospital," Lawrence Ho, 32, ...

Li hikes stake in holding firm

Cheung Kong (Holdings) Ltd Chairman Li Ka-shing, Hong Kong's richest man, is buying more shares in the property developer, the worst-performing stock this year among the city's five biggest real-estate companies. Li paid HK$424 million for 4.39 million shares, about HK$96.50 each...

Consulting firms eye China's IPO opportunities

Global risk and business consulting firms such as Protiviti are eyeing China's IPO market for significant new business opportunities, especially at a time when the country has just launched ChiNext, its NASDAQ-style trading board. "The IPO market is a big market that affects our ...

Chen spreads a Buffett

Chen Fashu, regarded by many as China's Warren Buffett, yesterday announced that he would donate 45 percent of his personal assets, worth 8.3 billion yuan ($1.17 billion), to set up a charity modeled on the lines of the Bill and Melinda Gates Foundation. The Newhuadu Philanthropi...

What IPO "fatigue"? Evergrande soars 34%

Evergrande Chairman Hui Ka-yan at the HK bourse. [Agencies] Shares of Evergrande Real Estate soared 34 percent on its trading debut yesterday, shrugging off the cold market reception towards the recent near deluge of property IPOs of mainland real estate players making similar ...

Xujiahui gamble pays off for Yu

For a writer as renowned as Yu Qiuyu, not only knowledge could be earning him a fortune. His holdings in Xujiahui Commercial Center Co, a Shanghai-based retailer which is approved to list on the Shenzhen bourse, is estimated to add at least over 60 million yuan ($8.79 million) to ...

Weekly Data (March 27 - April 2)

$1.8 billion Geely buys Volvo for $1.8 billion Zhejiang Geely Holding Group, China's No 10 automaker, sealed a deal on March 28 to buy ailing Swedish luxury car brand Volvo from US giant Ford for $1.8 billion. The deal is China's biggest overseas auto purchase, said analysts. ...

Equities in biggest loss since 2008 as SCI falls

Low-risk bond funds seen as more appealing to worried investors BEIJING - Low-risk bonds are becoming more appealing to investors as funds that focus on the equity market suffered the biggest loss since 2008 due to the poor performance of the Chinese stock market. The domestic A...

Exchange rate hits a 5-year record

Strong rise of yuan could be temporary: Analysts Beijing - China's central bank set the yuan's reference central parity rate on Friday to its highest level against the dollar since 2005's revaluation, despite growing concerns about the economic slow-down in China and the rest of ...
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Latest World News

china

China slams Japan's NHK governor's denial of Nanjing massacre
China slams Japan's NHK governor's denial of Nanjing massacre
BEIJING, Feb. 5 (Xinhua) -- China on Wednesday slammed the remarks of ...
Bill Gates talks nuclear
Bill Gates talks nuclear
Microsoft co-founder Bill Gates confirmed on Wednesday that he is ...
China's reform leading group holds first meeting
China's reform leading group holds first meeting
BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...

world

finance

Reforms to fuel Shanghai's growth in 2014
Reforms to fuel Shanghai's growth in 2014
BEIJING, Jan. 27 (Xinhuanet) -- Shanghai's financial sector grew 13.7 ...
Economist sees world economy strengthening in 2014
Economist sees world economy strengthening in 2014
NEW YORK, Jan. 24 (Xinhua) -- Global economy is likely to gain ...
Xinhua Feature: World's political, business leaders gather in Davos for WEF
Xinhua Feature: World's political, business leaders gather in Davos for WEF
DAVOS, Switzerland, Jan. 22 (Xinhua) -- The snow-covered Swiss town of ...

company

industry

Chinese leader calls for more marine power
Chinese leader calls for more marine power
Chinese Vice Premier Zhang Gaoli Sunday called for research in polar ...
Court rejects Apple lawsuit over iPad name
Court rejects Apple lawsuit over iPad name
Shenzhen Municipal Intermediate People's Court has rejected a lawsuit ...
Super car club in commercial drive
Super car club in commercial drive
On the night of Nov 11, more than 150 super cars were driven into the ...

trade

sports

Fourteen countries expected to compete in Cuba's wrestling tourney
Fourteen countries expected to compete in Cuba's wrestling tourney
Some 14 countries and regions are expected to compete in the 45th ...
Yao's gift of sport for all
Yao's gift of sport for all
Chinese NBA player Yao Ming teaches a boy with special needs how to ...
Stars 'Big Three' fall short of title in 1st year
Stars 'Big Three' fall short of title in 1st year
Miami Heat's LeBron James (R) stands with teammates Chris Bosh (C) and ...
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