Post Tagged with: "companies"

Record high sales at Chinese developer Vanke, which unveiled ‘to survive’ slogan, in 2018

Record high sales at Chinese developer Vanke, which unveiled ‘to survive’ slogan, in 2018

China Vanke, mainland China’s second-largest property developer by sales, said on Friday it generated 606.95 billion yuan (US$88.28 billion) in sales last year, a record high for the company. Vanke said contracted sales in December were up by 8 per cent compared with the previous month, generating 63.01 billion yuan, […]

Hong Kong companies need action, not talk, on diversity

Hong Kong companies need action, not talk, on diversity

Hong Kong competes on its reputation as a well but lightly regulated market. This philosophy is reflected in the Hong Kong stock exchange’s listing rules, which lay out a world-class standard of corporate governance but interpreted in a light-touch manner. Regulators try to avoid adding onerous requirements to compliance standards, […]

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

Chinese companies cool on annual CES Vegas tech show amid trade war and economic uncertainty

The annual CES consumer electronics trade show in Las Vegas – the biggest technology and consumer electronics exhibition in the world, with around 175,000 expected attendees and 4,000 exhibitors – will kick off this week with about 20 per cent fewer Chinese merchants. Not a big surprise perhaps, given the […]

Chinese developer Kaisa’s Xian  fallout highlights shanty town redevelopment risks

Chinese developer Kaisa’s Xian fallout highlights shanty town redevelopment risks

Shares of mainland Chinese developer Kaisa Group Holdings tumbled another 4.3 per cent on Thursday after a 7.2 per cent drop a day earlier as it faces losing its investment in an urban redevelopment project in northern Xian city, highlighting the inherent risks in such deals. The Shenzhen-based developer has […]

Sino Land agrees to revise property agents fees to 2 per cent from January 1 at Grand Central

Sino Land agrees to revise property agents fees to 2 per cent from January 1 at Grand Central

Sino Land said late Thursday that it would revise commission fees at its Grand Central project in Kwun Tong to 2 per cent starting from January, offering a partial concession to property agents angered by the developer’s decision to slash the fee last week. Management from Centaline Property Agency held […]

Chinese AI, biotech talent in line for biggest increase in bonuses, according to survey

Chinese AI, biotech talent in line for biggest increase in bonuses, according to survey

Workers in China’s hi-tech industries will see the biggest increase in bonuses across sectors for 2018, defying a slowdown in economic growth, according to a survey released by state-owned human resources consultancy China International Intellectech on Wednesday. The average bonus for employees of companies in industries such as artificial intelligence, […]

Kaisa says its US$150 million Xi’an development project is at risk over dispute with local developer Xingzhengyuan

Kaisa says its US$150 million Xi’an development project is at risk over dispute with local developer Xingzhengyuan

faces losing its entire investment of almost US$150 million in a key urban redevelopment project, underscoring the vagaries in China’s property market. The Shenzhen-based home builder, which gained notoriety in 2015 when it became the first developer from the nation to default on US dollar debt, has invested more than […]

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war

Apple shares plunge after CEO Tim Cook slashes revenue outlook, blaming China slowdown and trade war

Apple has lowered its outlook for fiscal first-quarter revenue after an unexpected slowdown in demand from China and fewer upgrades to iPhone models. The announcement late on Wednesday sent Apple shares plunging. The company now expects revenue of about US$84 billion in the quarter ended December 29, chief executive Tim Cook […]

China National Tobacco, the world’s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, the world’s largest cigarette maker, plans Hong Kong IPO for international unit

China National Tobacco, a state monopoly that is by far the biggest cigarette maker in the world, plans to list its international unit on the Hong Kong stock exchange even as pressure increases on the government to curb smoking. The unit, China Tobacco International, is primarily responsible for procuring overseas […]

Minsheng sets up M&A fund with CICC as China tightens control on private education sector

Minsheng sets up M&A fund with CICC as China tightens control on private education sector

Minsheng Education Group, a Chinese private college and high school operator, will set up a merger and acquisition fund with investment bank China International Capital Corporation (CICC), according to a filing to the Hong Kong stock exchange on Wednesday. The move comes amid mounting worries over China’s tightened controls on […]