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China, HK agree on mutual fund recognition scheme, paper says

... ere 1,845 unit trust and mutual funds traded in Hong Kong. Of them, 318 -- or 17.2 percent -- were registered and run in Hong Kong, the report noted. -- Contact HKEJ at [email protected] EL/AC/RC   ...More

EJ Insight2013-12-05

Why Ping An is the next big thing in mobile payment

... ayment, a unit of  Tencent Holdings Ltd. (00700.HK). By embedding the payment service in WeChat, Tencent's popular social networking app, Weixin Payment has racked up impressive numbers worthy of Alip ...More

EJ Insight2013-12-05

Alipay to waive fees for mobile platform users, paper says

... Alipay, a unit of e-commerce giant Alibaba Group, said recently that it will start levying a fee of 0.1 percent of the transaction value. That translates into commission fees starting at 50 fen (8 US ...More

EJ Insight2013-12-04

Central bank sets RMB midpoint firmer at 6.1300

... 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 one percent from the daily reference rate. Spot renminbi strengthe ...More

EJ Insight2013-12-04

CSCL Shanghai deputy chief arrested, website says

Chen Fujiang, vice president of the Shanghai unit of China Shipping Container Lines Co. Ltd., (02866.HK, 601866.CN) has been arrested for unspecified reasons, shipping information website www.ship.sh ...More

EJ Insight2013-12-04

Rapid website response is everything in e-commerce

... a-Pacific unit of Nasdaq-listed Compuware Corp. Internet surfers have become more impatient and demanding as they have grown used to transferring their money, booking tickets or shopping online. Aliba ...More

EJ Insight2013-12-04

The Big Picture: RMB TRADE FINANCE

... e Chinese unit was in 20th place in payments in January last year, according to Belgium-based SWIFT, which provides transaction messaging platforms for banks, brokerages and corporates. The improvemen ...More

EJ Insight2013-12-04

Zheneng Electric to list in Shanghai after merger, paper says

Zhejiang Zheneng Electric Power Co. Ltd. is expected to list on the Shanghai stock exchange before the end of this year after a share swap deal with its unit Zhejiang Southeast Electric Power Co. Ltd. ...More

EJ Insight2013-12-04

US raises concerns about Seoul plan with Huawei, WSJ says

The United States is privately raising concerns with South Korea about a potential deal with Chinese telecom giant Huawei to develop the country's advanced wireless network, the Wall Street Journal re ...More

EJ Insight2013-12-04

Wahaha has bigger troubles than just an ailing mall

...  Vanguard unit owns convenience stores and mini supermarkets in more than 150 counties and townships. If Wahaha wants to sell its products through these outlets, it will have to pay a hefty licensing ...More

EJ Insight2013-12-03

HKEJ Today: Highlights

... ing opportunities in industries related to renewable energy, food safety and internet security. The PwC group posted overall revenue of more than US$32 billion in the year ended June, with about 27.6 ...More

EJ Insight2013-12-02

CapitaLand China unit eyes low-cost housing projects, WSJ says

Property developer CapitaLand's China arm is shifting its focus to low-cost homes, as it expects the nation's urbanization push to boost demand for residential property across all segments, the Wall S ...More

EJ Insight2013-11-29

Dell sets sights on China hinterland, paper says

... ectronics unit Wang Lijun. “Some brands are doing well in big cities such as Beijing, Shanghai and Guangzhou, but they do not exist in the vast inland area where 63 percent of people are living in sma ...More

EJ Insight2013-11-28

JP Morgan unit seeks quota to invest in China, WSJ says

JF Asset Management Ltd., a J.P. Morgan Chase subsidiary, is applying for a 1 billion yuan (US$164 million) quota to invest in China's capital markets under the Renminbi Qualified Foreign Institutiona ...More

EJ Insight2013-11-28

HKEJ Today: Highlights

... at record unit price Shenzhen HeungKong Holding Co. Ltd. (600162.CN) has won in an auction a commercial land plot in the Qianhai special economic zone in Shenzhen for 1.63 billion yuan (US$267.53 mill ...More

EJ Insight2013-11-28

Many bond funds see unit prices slip below par value, paper says

Around 35 percent of the bond funds in China have seen their units fall below the par value of 1 yuan (US$0.16) as of Nov. 25 amid huge redemption by investors on declining yields, the Shanghai Securi ...More

EJ Insight2013-11-27

HSBC unit cleared for futures margin custodian biz, Xinhua says

HSBC Bank (China) Co. Ltd., a mainland unit of HSBC Holdings plc (00005.HK), said on Monday that it has received approval from the China Financial Futures Exchange (CFFEX) to launch futures margin cus ...More

EJ Insight2013-11-26

Taobao sets Dec 12 for discount bonanza, paper says

Taobao Marketplace, the country's top customer-to-customer website, will offer discounts to online shoppers on Dec 12, a month after Alibaba Group Holding unit racked up a record 35 billion yuan (US$4 ...More

EJ Insight2013-11-26

Market-makers look beyond bitcoin speculative frenzy

... 3 million units in circulation value the bitcoin economy at US$9.3 billion. "Our number of users doubled recently and the growth rate is accelerating," said Gina Jiang, deputy general manager of Shang ...More

EJ Insight2013-11-26

CSR unit wins projects in Turkmenistan, Xinhua says

Motor vehicle manufacturer CSR Ziyang Co.Ltd., a unit of CSR Corp. Ltd. (01766.HK, 601766.CN), signed an agreement with the Ministry of Commerce to be exclusively in charge of projects in Turkmenistan ...More

EJ Insight2013-11-25

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