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Beijing has taken a fresh step to discourage property buying by ordering banks to charge higher mortgage interest rates for first home buyers, local media reported over the weekend. Lenders were told by China's banking regulator that they can offer at most 15 percent, versus the previous 30 percent, discount to the benchmark interest rates to new mortgag...
Decorated with lanterns and colored ribbons, Shanghai's Xuyuan, or beautiful park, in the 1890s was the place to go to enjoy dancing, singing and other amusements at a time of peace and prosperity. It was also the setting for the first Western film, or Xiyang Yingxi, shown in China, on a night in August 1896, and it started a craze that has got bigger ju...
There are 49 more billionaires in China now than at this time last year, pushing the number to 128, with nine below the age of 40, and 11 of them women. Consumer goods manufacturers, pharmaceutical producers and technology magnates rose over the past year, while property developers fell, thanks to the government's market-cooling policies. This is the n...
SINGAPORE - A well-established market is a must-go place for companies, but one not yet up to speed is also being favored by many. China's printer and copier industry is betting on managed print services (MPS), rather than traditional hardware sales, as the next big thing. To increase their presence in the industry, major printer and copier makers are do...
China and France expect to sign a number of cooperative documents in civilian nuclear energy and aviation, Chinese Vice Foreign Minister Fu Ying said in Beijing on Thursday. Fu made the remarks at a news briefing on Chinese President Hu Jintao's visit to France and Portugal from November 4 to 11. China and France have conducted fruitful cooperati...
Bank of China, the country's fourth-largest lender by assets, said on Friday it plans to raise up to 60 billion yuan ($9 billion) through a rights issue in Shanghai and Hong Kong to replenish capital, Reuters reported. Bank of China will sell one share for every 10 existing shares and will start taking subscriptions on November 3, the firm said in a stat...
An increasing number of joint-venture life insurers are diluting their shares in foreign stocks in favor of domestic ones, banking on local insurers expanding more quickly. Sun Life Everbright Life Insurance Co, which used to be a 50-50 joint venture between Canadian financial group Sun Life and Chinese financial conglomerate Everbright Group, has just be...
Shanghai Electric Group, one of the country's three largest power equipment makers, signed an $8.29 billion deal on Thursday with India's Reliance ADA Group for the supply of power equipment and related services over a 10-year period. Shanghai Electric will sell 36 660-megawatt (mW) thermal power generation units, as well as spare parts for three power ...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi
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