| |   Goldman makes final exit from ICBC with $8.5b gain
Goldman Sachs is selling the rest of its stake in the Industrial and Commercial Bank of China (1398) at a discount of 2.5 to 3 percent to yesterday's closing price to pocket about HK$8.58 billion. | //--> Cathy...
CLP loses power on lower demand
CLP Holdings (0002) said it sold less electricity in Hong Kong and China during the first quarter from a year earlier. | //--> Tuesday, May 21, 2013 | CLP Holdings (0002) said it sold less electricity in Hong K...
Insurer targets $7.26b placement
In a surprise announcement last night, PICC Property and Casualty (2328) said it plans to raise HK$7.26 billion through a rights issue. | //--> Tuesday, May 21, 2013 | In a surprise announcement last night, PIC...
Launch of QDII 2 likely this year says brokerage chief
China is expected to allow its citizens to invest in the local stock market this year, which will boost the trading of small- cap shares, Chinese Securities Association of Hong Kong chairman Yim Fung said yeste...
Big Three telcos see dip in new 3G users
All three mainland telecom giants suffered a slowdown last month in new-user growth for their third-generation networks. | //--> Victor Cheung | Tuesday, May 21, 2013 | All three mainland telecom giants suffere...
Yogurt flavor as key dairy deal sealed
Danone, owner of Activia yogurt and Evian water, will spend about 325 million euros (HK$3.24 billion) to form a joint venture and invest in China's biggest dairy producer. | //--> Tuesday, May 21, 2013 | Danone...
We're still top of the pile despite fears
Hong Kong remains the most competitive of Chinese cities and will not lose this position even if civil disobedience - such as through Occupy Central - occurs. | //--> Beatrice Siu | Tuesday, May 21, 2013 | Hong...
Chief takes leaf out of Thatcher book
Chief Executive Leung Chun-ying says the criticism he has encountered since taking office is hardly surprising because that is the nature of politics. | //--> Tuesday, May 21, 2013 | Chief Executive Leung Chun-...
University breaks new ground in Sichuan disaster role
Hong Kong Polytechnic University and Sichuan University have jointly established the first Institute for Disaster Management and Reconstruction in China. | //--> Jeraldine Phneah | Tuesday, May 21, 2013 | Hong ...
No end yet to deadly deluge
Heavy rain is expected again today in southern China, after the severest deluge in 200 years in Guangdong claimed 40 lives, with another 10 people missing and 1.37 million affected. | //--> Winnie Chong | Tuesd...
Worrying economic parallels between China and India
China and India are very different countries with very different economies. | But visiting his opposite number in New Delhi this week, Chinese premier Li Keqiang may well have been struck by some disquieting pa...
Paying high, selling cheap
Armed with empty suitcases and same-day return tickets, an army of mainlanders is descending on suburban outlet shopping centres and international fashion chains in Hong Kong, turning cheap into the new chic as...
PM sends tough signal on Ladakh incursion to Li
NEW DELHI: India on Monday elevated peace on the border to a "core issue" with China, making it plain that it could not countenance any disturbance of the status quo, and that provocation like the recent Depsan...
Chinese wineries seeking acceptance at London fair
LONDON - The 33rd London International Wine Fair opened at ExCel in London on Monday morning. | Running until Wednesday, the event attracted 450 exhibitors from around the world, with 3,000 to 4,000 wines on ...
Index edges to within touching distance of 2,300
Mainland stocks rallied on Monday, with the benchmark Shanghai Composite Index rising by 0.75 percent to within touching distance of the psychological 2,300-point level, as investor confidence took heart from t...
Risks in store for ChiNext market
Overvaluation, possible resumption of IPOs may affect index: insiders | Securities insiders have warned of risks for ChiNext, China's Nasdaq-style market, which has outperformed since the end of last year. | Th...
Some industries still competitive
Report highlights strengths and weaknesses of traditional sectors | The competitiveness of China's traditional industries is weakening, while its growing competitiveness in new and emerging sectors still lacks ...
Official urges good faith in tourism industry
BEIJING - China's tourist industry has been urged by a senior official to promote practices of good faith. | Liu Qibao, head of the Publicity Department of the Communist Party of China Central Committee, made t...
Fast growth expected in marine sector output
The output of China's marine economy will account for at least 13 percent of the country's GDP in 2020 from 9.6 percent now, driven by the country's surging interest in the sector, a report by a government thin...
Sino-Indian trade imbalance to increase
The trade imbalance between China and India is likely to keep growing and the situation is hard to change, but India is benefiting from Chinese imports, experts said. | "India's trade deficit with China is expa...
Big business, organisers joust over cost of Occupy Central to Hong Kong
Big business and the Occupy Central movement clashed yesterday over the price the city would pay if the pro-democracy movement brought the heart of Hong Kong to a halt. | Four business groups warned that Occupy...
Error spoils Hong Kong, Bangladesh racial tolerance data in survey
Relax - Hong Kong and Bangladesh may not be as racist as suggested by the world map on racial tolerance published last week. | The map, made by The Washington Post based on data from the World Values Survey, sh...
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