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China still top clean energy investment destination, paper says

China was still the leading destination for clean energy investment in 2013 even as global investment in the sector continued to decline, China Daily said Friday, citing a report by Pew Charitable Tru ...More

EJ Insight2014-04-04

Sinopec eyes Goldman, CICC as asset sale advisers, report says

China Petroleum & Chemical Corp. (Sinopec) (00386.HK, 600028.CN) has denied market rumors it is selling 30 percent of its retail oil assets to Goldman Sachs Group Inc., stressing that it is only e ...More

EJ Insight2014-04-04

Alipay offers 20% discount on carpark fees, paper says

Alibaba Group Holding Ltd.'s third-party payment service Alipay is offering users a 20 percent discount off parking fees if they pay with its electronic wallet at designated car parks, the Beijing Bus ...More

EJ Insight2014-04-04

Ping An Bank governor highest earning banker, paper says

China's top five bankers in terms of income in 2013 all came from Ping An Bank (000001.CN), led by its governor Shao Ping who earned 8.33 million yuan (US$1.34 million) and followed by its four vice-g ...More

EJ Insight2014-04-04

PBoC keeps monetary policy tone unchanged, paper says

The People's Bank of China (PBoC), at a regular quarterly meeting Thursday, reiterated a pledge to maintain prudent monetary policy, with the tone basically unchanged from the comments made at its pre ...More

EJ Insight2014-04-04

China Mobile inks reselling agreements with 17 firms, paper says

China Mobile Ltd.(00941.HK) on Wednesday entered into mobile services reselling agreements with 17 companies, making a move as the Ministry of Industry and Information Technology (MIIT) is expected to ...More

EJ Insight2014-04-04

Frontline cops to undergo weapons training, paper says

China's frontline policemen will undergo training in the use of standard weapons, including guns, clubs, tear gas and anti-riot weapons, Beijing Times reported Friday, citing guidelines issued by the ...More

EJ Insight2014-04-04

Coal power plants face stiffer fines for false data, paper says

Chinese authorities have been looking into coal power plants to determine if their emission levels are meeting government standards after the firms were required to install de-nitration, de-sulfurizat ...More

EJ Insight2014-04-04

Asia Cement (China) unit to buy Lanfeng Cement, filing says

Asia Cement (China) Holdings Corp. (00743.HK), the mainland unit of Taiwan’s Asia Cement Corp., said in a regulatory filing on Thursday its partly-owned subsidiary Sichuan Yadong Cement Co. Ltd. has a ...More

EJ Insight2014-04-04

CDB to raise funds for govt housing projects, paper says

China Development Bank has been appointed by the State Council to set up a financial services group dedicated to raising funds for rural housing reform and other welfare housing projects, the 21st Cen ...More

EJ Insight2014-04-04

State Grid to open 3 segments for private capital, paper says

State Grid Corporation of China, which controls 80 percent of the country's power grid network, is devising plans to open three business segments for private capital following the government’s reform ...More

EJ Insight2014-04-04

Baosteel to issue 4 bln yuan exchangeable bonds, filing says

Baosteel Group Corp. will issue up to 4 billion yuan (US$644.16 million) of bonds that can be exchanged for shares in New China Life Insurance Co. Ltd. (01336.HK, 601336.CN), according to a regulatory ...More

EJ Insight2014-04-04

New FTZ trading board nearing completion, paper says

Preparations for an international trading board are nearing completion in the Shanghai Free Trade Zone, Shanghai Securities News reported Friday, citing Zhang Yunfeng, general manager of the Shanghai ...More

EJ Insight2014-04-04

Housing inventory in key cities hits 5-year high, paper says

Commodity housing inventory in 20 monitored cities rose to 84.01 square meters at the end of March, a five-year high. The figure is up 2 percent from February and 16.3 percent higher than in the previ ...More

EJ Insight2014-04-04

Taikang Life building retirement haven in Shanghai, paper says

Taikang Life Insurance Corp. Ltd. on Thursday began construction of its retirement community in Shanghai's Songjiang district, the first such investment by an insurer in the Yangtze River Delta region ...More

EJ Insight2014-04-04

BAIC eyes foreign acquisition targets, WSJ says

Beijing Automotive Industry Holdings Co. (BAIC), China's fifth largest carmaker by sales, is in the market for premium car brands, the Wall Street Journal reported Thursday. The company is focusing it ...More

EJ Insight2014-04-04

Golden Dragon Bus to invest 2 bln yuan in green cars, paper says

Huang Hongsheng, chairman of Nanjing Golden Dragon Bus Co. Ltd., plans to invest 2 billion yuan (US$322.08 million) to build a new energy vehicle research and production base in Wuhan, capital of Hube ...More

EJ Insight2014-04-04

New online trust product prompts warning, paper says

A new trust product has drawn a warning from legal experts over concerns about investor protection, China Securities Journal reported Friday. The product is being sold by cstpay.com which is offering ...More

EJ Insight2014-04-04

Shanghai Ace buys mobile game firm for 1.2 bln yuan, filings say

Coal seller Shanghai Ace Co. Ltd. (600652.CN) will acquire the entire stake of mobile game developer U9time for 1.18 billion yuan (US$190.05 million), according to regulatory filings released on Frida ...More

EJ Insight2014-04-04

The Big Picture: KINGSOFT-XUNLEI DEAL

Chinese software developer Kingsoft Corp. (03888.HK) has agreed to buy 31.94 million preferred shares in Xunlei Ltd., a Shenzhen-based firm involved in video downloader software and content business, ...More

EJ Insight2014-04-04

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