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Hong Kong stocks fell 105.62 points, or 0.49 percent, to close at 21,595.52 on Wednesday. Turnover moved up to HK$58.54 billion ($7.56 billion) from Tuesday's HK$49.95 billion ($6.45 billion). Source: BizChina
AVIC General Aviation Co Ltd is seeking equity participation in a foreign general aviation aircraft manufacturer to strengthen its development capabilities and to explore the overseas market, a senior company executive said yesterday. "We are now talking to several foreign companies. We might completely acquire (a company) or take a controlling stake. We ...
HONG KONG: China's Geely Automobile Holdings, whose parent has been linked with both Volvo and Opel, said on Wednesday it plans to raise HK$2.59 billion ($334 million) in convertible bonds and warrants to an affiliate of Goldman Sachs. Goldman could end up with 15.1 percent of the Hong Kong-listed Geely if it fully converts the bonds and warrants, the Ch...
China Investment Corp (CIC), the nation's sovereign wealth fund, has bought a 15-percent stake in Noble Group Ltd as the commodity supplier benefits from the country's demand for coal, iron ore and soybeans. Noble will sell $850 million worth of new and existing shares to CIC at 8.1 percent less than the last traded price. The sale includes 135 million ...
China's State Council, the Cabinet, issued Tuesday a document to strengthen support for the development of the country's small-and medium-sized enterprises (SMEs). The government will deepen reforms in the country's monopoly industries, lowering the market access threshold for the SMEs and creating a more open and fair competition environment for SMEs,...
New York City: President Hu Jintao Tuesday told a huge gathering of world leaders that China will spare no effort in ensuring a deal is reached at the UN climate change meeting in Copenhagen. Hu said China will fight for a "significant cut" in carbon emissions while urging developed countries to help other developing nations. He made the commitment duri...
China Southern Airlines, the nation's largest carrier, said Tuesday it plans to add 1,135 flights to its schedule during the upcoming National Day Holiday. This year's holiday, on Oct 1, marks the 60th anniversary of the founding of the People's Republic of China, and lasts for eight days. The extra flights, starting on Sept 29 until the end of the h...
Daqing Oilfield, China's largest oil producer, vows for another 50 years prominence in the country's petroleum industry. Wang Yongchun, general manager of Daqing Oilfield Co Ltd, said Tuesday the oilfield would remain an important energy base and continue to contribute a large proportion of China's energy supplies up to 2060. Wang said factors such a...
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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