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Two China bitcoin exchanges suspend yuan deposits, WSJ says

Two small bitcoin exchanges in China are stopping customer deposits in yuan, in a move believed to be linked to a central bank directive to banks and payment firms to close bitcoin trading accounts, t ...More

EJ Insight2014-04-03

Yunnan set to allocate US$4 billion to clean lakes, paper says

Southwestern China's Yunnan province will spend 24.6 billion yuan (US$4 billion) to upgrade the water quality of its nine lakes and their ecological systems this year, with 12.6 billion yuan earmarked ...More

EJ Insight2014-04-03

VAT reform for telecom industry put off to June 1, paper says

Chinese authorities are said to have put off until June 1 a program to replace the telecom sector's business tax with value-added tax (VAT), China Times reported Thursday. The original schedule for th ...More

EJ Insight2014-04-03

China non-manufacturing PMI falls to 54.5 in March, NBS says

China's official purchasing managers index for the non-manufacturing sector weakened to 54.5 in March, 0.5 point lower than in the previous month, the National Bureau of Statistics said on its website ...More

EJ Insight2014-04-03

Supply squeeze sends ginger prices to record highs, paper says

Floods last summer and a decline in the amount of land planted with the crop have propelled ginger prices to record highs in some parts of China, putting them almost on par with the price of pork, the ...More

EJ Insight2014-04-03

Gunmen seize Chinese tourist, hotel worker in Sabah, paper says

Gunmen stormed into Singamata Resort in Malaysia's Sabah around 10:30 p.m. Wednesday night and abducted a Chinese tourist from Shanghai and a female hotel employee, the West China Metropolis Daily rep ...More

EJ Insight2014-04-03

Taiwan sees trade losses on China-Japan-Korea FTA, paper says

Taiwan could lose US$16.8 billion in trade receipts a year if a free trade agreement (FTA) among China, Japan and South Korea is approved, Economic Daily News reported Thursday, citing Premier Jiang Y ...More

EJ Insight2014-04-03

Baodao bonds open to European investors, paper says

European investors will soon to be able to invest in yuan-denominated bonds issued in Taiwan, also known as baodao bonds, as a trade settlement institution from Belgium was set to open an account with ...More

EJ Insight2014-04-03

Jack Ma snaps up 20.6% of Hundsun Technologies, paper says

Hundsun Group has agreed to sell its entire stake in financial software and online service provider Hundsun Technologies Inc. (600570.CN) to Zhejiang Finance Credit Network Technology Co. Ltd., a  com ...More

EJ Insight2014-04-03

Developers spend 117 bln yuan on 1Q land purchases, paper says

China's top 16 property developers, which include the likes of China Vanke Co. Ltd. (000002.CN) and Poly Real Estate Group Co. Ltd. (600048.CN), have spent a combined 116.52 billion yuan (US$18.77 bil ...More

EJ Insight2014-04-03

Six cities chosen for joint-ownership property trial, paper says

China's Ministry of Housing and Urban-Rural Development has selected six cities for a trial scheme that allows home-buyers to own their properties jointly with the government, 21st Century Business He ...More

EJ Insight2014-04-03

Shenzhen luxury apartment slashes prices, paper says

East China Sea International Apartment, a luxury residential development in Shenzhen's Futian district, has cut the price of 10 units to 47,000 yuan (US$7,569) per square meter from 70,000 yuan, 21st ...More

EJ Insight2014-04-03

Environmental tax up by 2015, paper says

An environmental protection tax is under legislation and is expected to be implemented by 2015, Economic Information Daily reported Thursday. The new measure covers several polluting industries such a ...More

EJ Insight2014-04-03

Guangyu Development to buy assets from parent, paper says

Tianjin Guangyu Development Co. Ltd. (000537.CN) will buy real estate assets from its parent, Shandong Luneng Group Co. Ltd., and other parties for a combined 12.52 billion yuan (US$2.01 billion), acc ...More

EJ Insight2014-04-03

Zhengzhou exchange, TMX sign cooperation deal, paper says

The Zhengzhou Commodity Exchange and Toronto bourse operator TMX Group signed a memorandum of understanding on Wednesday to enhance cooperation in multiple fields, Shanghai Securities News reported Th ...More

EJ Insight2014-04-03

JD.com revamps business in lurch to IPO, paper says

Electronic commerce website JD.com said it will split up into four companies in what could be a step toward a public listing, National Business Daily reported Thursday. Founder Liu Dongqiang will beco ...More

EJ Insight2014-04-03

Academic urges civil servant pay for SOE bosses, paper says

Senior executives in state-owned enterprises (SOEs) that operate for public welfare or enjoy monopoly status should be paid at the same rate as civil servants of similar rank, Economic Information Dai ...More

EJ Insight2014-04-03

Industry group plans 50 bln yuan smart city fund, paper says

China Smart City Industry Alliance (CSCIA) plans to raise 50 billion yuan (US$8.06 billion) from its private equity, venture capital and investment firm partners for a new fund, aiming to encourage pa ...More

EJ Insight2014-04-03

China to build 27 UHV electricity transmission lines, paper says

China plans to build 27 ultra-high-voltage (UHV) electricity transmission lines across the country amid growing demand for power distribution between coastal regions and inland provinces, Shanghai Sec ...More

EJ Insight2014-04-03

The Big Picture: BOURSE LINKAGE

Hong Kong Exchanges and Clearing Ltd. (HKEx) (00388.HK) said on Wednesday that it has been in discussions with its mainland Chinese counterparts over potential mutual market connectivity initiatives b ...More

EJ Insight2014-04-03

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