Issue: November 08, 2010   (Archive)
Wednesday, April 1, 2015   

No margin for error
The Shanghai Composite Index opened higher yesterday but finally took a break to close 37 points lower at 3,749.

Silver lining in cloud
SUNeVision Holdings (8008), the data center operating arm of Sun Hung Kai Properties (0016), expects strong demand from cloud service companies to foster sustainable growth.

China Eastern airs license woe
China Eastern Airlines (0670) hopes local authorities can speed up the granting of an air transport license to Jetstar Hong Kong its joint venture with Shun Tak Holdings (0242) and Australia's Qantas Airways.

Yurun founder in graft probe
China Yurun Food Group (1068) founder and honorary chairman Zhu Yicai is reportedly involved in a graft scandal.

25 new main board listings in first quarter
Hong Kong welcomed 25 new listings on the main board in the first quarter, up from 23 a year back, but fund-raising shrank 59 percent to HK$18.95 billion due to the lack of big players.

Deposit insurance will jolt China's banks
Beijing will introduce an insurance scheme for bank deposits from May 1 a reform seen as crucial for the liberalization of the mainland banking sector.

Retailers feel a chill wind on sales
Hong Kong retail sales fell 2 percent in value during the first two months of this year, highlighting a prolonged chill resulting from a stronger local currency and tensions between some residents and mainland visitors.

Solid quarter for local bourse
Mainland and Hong Kong stocks gained sharply in the first quarter.

Vanke going it alone
China's largest listed developer by sales, China Vanke (2202), said it wants to bid for local land sites on a standalone basis, underscoring its growing involvement in Hong Kong's property market.

Property curbs eased
Chinese regulators eased lending and tax policies on real estate yesterday, as Beijing seeks to stop a slide in property prices that has put economic recovery at risk.

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