Issue: March 22, 2006   (Archive)
Tuesday, March 3, 2015   




Home prices still falling
Home prices in China fell again last month from January, but the downtrend slowed reflecting continuing market stability, two private surveys showed in an encouraging trend as Beijing steps up stimulus to support a faltering economy.

Sun Art expects to hit it big as online sales boom
The mainland's largest hypermart operator Sun Art Retail (6808) expects its e-commerce platform Feiniu.com to generate sales of 10 billion yuan (HK$12.36 billion) over the next two to three years from just 150 million yuan currently.

Parking spot fetches $4m
A Shun Tak Centre parking slot sold by the central government liaison office has fetched a record HK$4 million.

Green policy in the air
After China's second rate cut on Saturday, local stocks rose yesterday but closed just 64 points higher at 24,887.

Systemic fear in remortgages
Secretary for Transport and Housing Anthony Cheung Bing-leung yesterday warned that remortgages carry huge risks for the entire financial system in the event of a plunge in home prices.

Yuan deposit rate lifted
Citibank Hong Kong is offering a three-month yuan deposit rate at an annualized 4.2 percent, a new high for large local lenders.

Black and white for TCL
TCL Multimedia (1070) saw revenue fall 15.1 percent last year to HK$33.53 billion but it turned from a HK$48 million loss in 2013 to a HK$234 million profit, helped by HK$159 million derived from closing subsidiaries.

Xinyi shares shine
Xinyi Glass Holdings (0868) saw shares surge 9.64 percent yesterday in spite of a 58 percent plunge in net profit last year, after vice chairman Tung Ching-sai said the toughest time for the industry has passed.

Short sales fail to connect
Hong Kong stock exchange says its new platform for bearish bets through the link of the bourse with Shanghai is running smoothly.

Factories face erratic demand
Activity in China's factory sector edged up to a seven-month high in February, but export orders shrank and deflationary pressures persisted, a private business survey showed.



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