Issue: May 10, 2006   (Archive)
Friday, April 18, 2014   

Journalist fires fresh accusations at CR chief Song
Shares of state-owned conglomerate China Resources' locally listed units plunged yesterday as its chairman was accused of having an extramarital affair with a local banker, who allegedly assisted him in money laundering.

GDP gloom spurs stimulus
China's economy expanded 7.4 percent between January and March, its slowest pace in 18 months, prompting authorities to act for the second time in as many weeks to shore up growth.

Insurance watchdog to boost policyholder protection
Local policyholders are expected to receive better protection from next year when the government sets up an insurance authority that has the rights to fine firms and revoke their licenses.

HKMA boss coins in $9.97m salary
The salary of Hong Kong Monetary Authority chief remains the highest among global central bankers, totaling HK$9.97 million last year.

Aeon feels pinch
Net profit of Aeon Credit Service (Asia) (0900) slumped 24.8 percent in the last fiscal year to HK$222 million amid higher operating costs and impairment losses.

National security is a real asset in volatile times
Financial markets nowadays are mired in volatility, sowing confusion and uncertainty.

Alibaba offers SAR-style incentive on float
Alibaba Group Holding is planning to award about one third of the fees for its US initial public offering in the form of incentive bonuses in an effort to coax better performance from underwriters.

Stock Connect through-train to be user-friendly, assures HKEx
About 90 percent of details of the cross- border "through-train" scheme have been announced, and it will be launched in a user-friendly way, Hong Kong Exchanges and Clearing (0388) said.

Losses keep rising on sale of old flats
A mainlander was forced to sell a flat at Hill Paramount in Tai Wai at a loss of up to HK$3.8 million due to the gloomy secondary market.

Weak yuan drags carrier into red
China Southern Airlines (1055) turned red in the first quarter amid exchange losses due to the weakening yuan.

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