China is capable of dealing with capital outflow given its massive US$4 trillion foreign exchange reserve. It managed to stabilize the renminbi amid huge capital outflows in the last quarter of 2012. ...More
EJ Insight2015-02-10
Japanese trading house Itochu Corp. and Thailand's Charoen Pokphand Group (CP) will jointly invest US$10 billion in Citic Group, China's oldest and biggest conglomerate, Reuters reported. Itochu and C ...More
EJ Insight2015-01-20
State-run conglomerates are under stepped-up inspections by China's anti-corruption watchdog as part of the most ambitious reform of government industry in nearly two decades. Anti-graft inspectors ar ...More
EJ Insight2015-01-19
State-owned train maker China CNR Corp. Ltd. (601299.CN) has reduced the target for its Hong Kong initial public offering by about a fifth to US$1.2 billion, the Wall Street Journal reported Thursday, ...More
EJ Insight2014-05-16
Shareholders of PSA Peugeot Citroën on Friday endorsed a 3 billion euro (US$4.15 billion) capital injection proposal that paves the way for the French state and China's Dongfeng Motor Corp. to acquire ...More
EJ Insight2014-04-28
Hong Kong stocks retreated Monday on heavy selling in technology counters after the NASDAQ index took a freefall overnight Friday. The Hang Seng Index lost 130 points, or 0.59 percent, to close at 22 ...More
EJ Insight2014-04-07
It was all quiet on the Hong Kong benchmark Hang Seng Index (HSI) front Wednesday as the market focused on the results of major companies. The HSI shed 14 points, or 0.07 percent, to 21,568. The Hang ...More
EJ Insight2014-03-19
Hong Kong's benchmark Hang Seng Index (HSI) closed little changed on Tuesday after falling nearly 400 points in the previous session. However, automakers found favor amid efforts by local governments ...More
EJ Insight2014-03-11
HSI ends higher amid volatile trade Hong Kong stocks closed higher in volatile trade Wednesday after clawing back lost ground early in the day. The benchmark Hang Seng Index rose rose 120 points, or 0 ...More
EJ Insight2014-02-26
The board of PSA Peugeot Citroën has approved Dongfeng Motor Co.'s offer to pay €800 million (US$1.1 billion) for a 14 percent stake in the ailing French carmaker, the Wall Street Journal reported Tue ...More
EJ Insight2014-02-19
Many observers cite customer wariness as being the biggest roadblock for the electric car market in China. Concerns about the vehicle price, lack of adequate charging facilities, limited driving range ...More
EJ Insight2014-02-18
China's Dongfeng Motor Group Co. said Monday that its commercial vehicle unit has been served with a request for arbitration by a Brazilian firm seeking damages for failure to set up a joint venture, ...More
EJ Insight2014-02-18
With sales volume of 3.53 million vehicles last year, Dongfeng Motor has risen to the No. 2 position in China's automobile industry. But the company finds that it still has miles to go as Beijing expe ...More
EJ Insight2014-02-14
French car maker PSA Peugeot Citroen is planning a 3 billion euro (US$4.08 billion) capital boost in Chinese partner Dongfeng Motor Co. and deeper business ties, the Wall Street Journal reported Thurs ...More
EJ Insight2014-02-07
Dongfeng Motor saw its car sales rise 14.8 percent last year to 3.5 million units, making it the second-biggest player in China's automobile industry, China Daily reported Monday. The sales expansion ...More
EJ Insight2014-01-28
PSA Peugeot Citroën is moving closer to a 3 billion euro (US$4.06 billion) deal with its Chinese partner and the French government over a recapitalization plan, the Wall Street Journal reported Monday ...More
EJ Insight2014-01-21
In December, Renault announced a joint venture with Dongfeng Motor to produce 150,000 vehicles a year in the central Chinese city of Wuhan. The initiative gives the French automaker its first major ma ...More
EJ Insight2014-01-07
Dongfeng Motor Group Co. Ltd. (00489.HK) sold 272,376 vehicles in 2013, up 3.48 percent year on year, it said in a company filing Monday. December sales were 25,780 units. The carmaker produced 258,08 ...More
EJ Insight2014-01-07
Trading volume may have been thin due to the holiday mood but that didn't stop tech giant Tencent (00700.HK) hitting a new high Friday. Tencent's bar was raised a day after foreign counterparts Facebo ...More
EJ Insight2013-12-27
There's upbeat news from two of China's top domestic carmakers, led by word that Dongfeng Motor (HKEx: 489) has finally signed a joint-venture deal to make sport utility vehicles (SUVs) with France's ...More
EJ Insight2013-12-18
