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BYD targets 5% of Hong Kong taxi market in two years, agent says

Electric car manufacturer BYD Co. Ltd. aims to grab a 5 percent share of Hong Kong's 18,000-unit taxi market in two years, according to its dealer Sime Darby New Energy Motors. “Many of the vehicles i ...More

EJ Insight2013-10-25

Taiwan lender aims to seal rural ABC deal next year, paper says

Taiwan Cooperative Bank Ltd. has sent a team of senior executives to negotiate the purchase of a stake in ABC Xiamen Tongan Rural Bank Ltd., a unit of Agricultural Bank of China Ltd. (ABC) (01288.HK, ...More

EJ Insight2013-10-23

Could China high-speed rail technology compete overseas?

... , but the unit price of a Chinese high-speed train is half that of its Japanese competitor. -- Contact the writer at [email protected] RA   ...More

EJ Insight2013-10-23

Central bank sets RMB midpoint firmer at 6.1330

... e Chinese unit's daily central parity rate against the greenback since the peg ended in 2005. The renminbi is allowed to rise or fall 1 percent from the daily reference rate. Spot renminbi eased 0.02 ...More

EJ Insight2013-10-23

Small fry Xiami has big online music ambitions

...  Hao, the unit's chief executive and founder, told EJ Insight. And that number is expected to grow exponentially with the launch of tie-ups in November with Alibaba's shopping platforms, he said. "We ...More

EJ Insight2013-10-23

China Mobile unit gets over 25,000 4G registrations, CNS says

... Guangdong unit has begun using 8,100 TD-LTE 4G base stations in Guangzhou and Shenzhen, and is planning to add another 20,000 such stations to provide full coverage over the entire province, it said. ...More

EJ Insight2013-10-21

SinoPac quizzed over cross-strait trading center, paper says

Taiwan’s Financial Supervisory Commission has asked SinoPac Financial Holdings Co. Ltd. to explain the investment made by its venture capital unit in a planned cross-strait equity trading center in Xi ...More

EJ Insight2013-10-21

Central bank sets RMB midpoint firmer at 6.1352

... e Chinese unit's daily central parity rate against the greenback since the peg ended in 2005. The renminbi is allowed to rise or fall 1 percent from the daily reference rate. Spot renminbi strengthene ...More

EJ Insight2013-10-21

Xi taps special unit to probe Zhou Yongkang case, SCMP says

President Xi Jinping has set up a special unit to investigate a scandal surrounding retired leader Zhou Yongkang, the South China Morning Post reported Monday. The panel will be headed by a senior pol ...More

EJ Insight2013-10-21

Mengniu Dairy to cream profit from top-shelf products

... p) Co., a unit of COFCO Corp., China's biggest state-owned food conglomerate. COFCO is Mengniu's largest shareholder. In June, Mengniu paid roughly HK$12.5 billion (US$1.61 billion) for a 75.3 percent ...More

EJ Insight2013-10-21

Poly auction unit plans to shift IPO to Hong Kong, SCMP says

The culture and auction business unit of state-owned conglomerate Poly Group is preparing for listing in Hong Kong after abandoning its initial public offering in Shanghai amid regulatory uncertaintie ...More

EJ Insight2013-10-18

Central bank sets RMB midpoint firmer at 6.1372

... e Chinese unit's daily central parity rate against the greenback since the peg ended in 2005. The renminbi is allowed to rise or fall 1 percent from the daily reference rate. Spot renminbi strengthene ...More

EJ Insight2013-10-18

Top train makers CSR, CNR collide in exports rivalry

... roposed a unit price of US$1.27 million and further lowered it to US$1.05 million, while prices offered by companies including France's Alstom and China CNR stood at more than US$2 million per car. Th ...More

EJ Insight2013-10-17

Alipay reengineers e-wallet for offline payments

Alipay, the online payment unit of Alibaba Small and Micro Financial Services Group, will launch an e-wallet service for mobile phone users later this month so account holders can buy goods at vending ...More

EJ Insight2013-10-17

BOCOM Financial Leasing to open in FTZ this year, website says

Bank of Communications Financial Leasing Co. Ltd., a subsidiary of Bank of Communications Ltd. (BOCOM) (3328.HK, 601328.CN), said its air travel leasing unit will begin operations in the Shanghai Free ...More

EJ Insight2013-10-16

Franshion puts US$2.85 bln into Changsha project, filing says

Sinochem unit Franshion Properties (China) Ltd. (00817.HK) will spend about 17.44 billion yuan (US$2.85 billion) to develop an "international service and technology innovation city" project in Changsh ...More

EJ Insight2013-10-16

HKEJ Today: Highlights

... 21.HK), a unit of Thai conglomerate Charoen Pokphand Group, have entered into a framework agreement for Wumart to buy 36 stores in Beijing, Shanghai and other centers from C.P. Lotus. Wumart will also ...More

EJ Insight2013-10-16

CSRC suspends Ping An Securities from underwriting, paper says

... ompany, a unit of Ping An Insurance (Group) Co. of China Ltd. (02318.HK), was found negligent in its audit of Wanfu Biotechnology (Hunan) Agricultural Development Co. Ltd. (300268.CN) prior to an init ...More

EJ Insight2013-10-15

China Eastern plans to transform cargo business, paper says

China Eastern Airlines Corp. Ltd. (00670.HK, 600115.CN) plans to transform its air cargo business into a logistics unit that will serve as an intermediary between service providers -- including distri ...More

EJ Insight2013-10-14

Power tariffs to jolt demand for filter gear

China Power International Development Ltd. (02380.HK), a listed unit of China Power Investment Corp., one of the country's top power-generating groups, is the latest electricity producer to report ord ...More

EJ Insight2013-10-14

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