China News Direct

 
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HK and Shanghai Hotels seeks new investments
(Sep 13, 2007) The Hongkong and Shanghai Hotels Limited (HSH) plans to increase the number of the Peninsula Hotel from 10 to 12. The debt ratio in the first interim dropped 2 percentage points to 9%. Managing Director and Chief Executive Officer of HSH, Clement Kwok, states that the stable financial condition allows ...
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HK and Shanghai Hotels skyrocketed profit up 75%
(Sep 13, 2007) The Hongkong and Shanghai Hotels Limited (HSH) sees skyrocketed profit at HK$1.27 billion, up by 75%, as of the end of June of 2007. The company made satisfactory revenue despite the stagnant long haul markets. The occupancy rate of the Peninsula Hong Kong dropped 4 percentage points to 77% due ...
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R&F Properties hammered land price at RMB180mn
(Sep 12, 2007) The R&F Properties Group acquired a piece of land for RMB180 million at an auction in Guangzhou on 11 September 2007. The construction site locates at Yunxiang Road in the Baiyun District. The floor area for construction is 9,611 square meters while the floor price is RMB18,729 per square meter. ...
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Beijing ranked the most valuable city in China
(Sep 12, 2007) China Cities Brand Value Report and 2007 China Cities Brand Value chart were issued yesterday. Out of the 287 prefecture-level or above cities, Beijing was ranked at the top of the chart. China Cities Forum Beijing Summit announced the ranking lately. The cities were ranked based on five categories. The ...
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Signature Homes sees good income with rising rent
(Sep 12, 2007) Signature Homes, Sun Hung Kai Properties Limited's luxury residential leasing arm, stated that there will be an increase in rental commission income in 2007. According to Kong Man, general manager of Signature Homes, the rental income of Signature Homes was HK$650 million in 2006. It is expected that there will ...
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Quality and ownership issues dampen demand for mainland properties
(Sep 12, 2007) A survey conducted by Midland Holdings shows that Hong Kong people's interest in purchasing properties in Mainland China has dropped greatly compared with that in 2001. JPMorgan Chase commissioned Midland to conduct the survey for it. The survey, named "The Trend of Hong Kong People's Purchasing of Mainland Properties" was ...
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Services sector sees profit growth amid a good stock market
(Sep 11, 2007) There was an increase in profit of all services industry in Hong Kong in the second quarter of 2007. In particular, the finance sector registered a 53% increase in profit, showing the highest growth in the services industry. The strong growth in profit was mainly attributed to the good performance ...
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CBRC calls for cooperation in SME financing
(Sep 11, 2007) China Banking Regulatory Commission (CBRC) spokesperson yesterday unveiled that CBRC is pushing ahead in monitor policy investigation and strengthening the communication between relevant government departments. That spokesperson said solving small enterprises financing difficulties is a complicated process. Under the hard work of government departments, the process has already had progress ...
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National Australia Bank may buy Union Trust for REIT service
(Sep 11, 2007) On September 10, National Australia Bank Ltd. (NAB) signed an agreement with Union Trust of China about purchasing a 20% equity stake of Union Trust for an undisclosed price. Sources say in respect to the development of trust service and REIT service in China, National Australia Bank Ltd plans to ...
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Social Security Fund takes an active role in Beijing infrastructure
(Sep 11, 2007) National Council for Social Security Fund The People's Republic of China (SSF), the social security fund operator and also the largest investor in China, plans to invest RMB1 billion to construct two mass transits railways or subways in Beijing. Sources unveils that SSF has signed a financing agreement with Beijing ...
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