Thursday, 7 January 2010

Boom time for China’s corporate crooks as the economy soars

In the beginning, there was the Forbes list of China’s richest. Then came the more locally flavoured Hurun report with its own tally of mainland billionaires.

Kunming officials butt of jokes over fallen bridge

Kunming officials have once again become the butt of jokes among the public for claiming the collapse of a bridge on the city’s new airport highway could be due to “weather, such as strong wind”.

Mainland probes 25 property firms over land use

Mainland regulators are conducting a probe of 25 property projects and their owners over alleged breaches of land use rules, the official Shanghai Securities News said on Thursday.

The Decade Ahead

Who's?

Sino-Environment plot thickens, unsettling questions raised

Sino-Environment shareholders, who have been treated to a roller-coaster ride with the dramatic unfolding of events last year, are now greeted with the sudden resignations of its executive directors and an unsettling probe conclusion by the Fuzhou Public Security Bureau in China.

Sino-Environment executive directors step down

Troubled Sino-Environment said that its executive directors (EDs) have resigned, without providing details on whether there will be new management soon.

Remisiers struggling to reinvent themselves

Many going into business for themselves, forced by thinner commission rates, increase in direct trading

Woman was in Audi before accident


The Romanian diplomat linked to a hit-and-run case was spotted in a car with an Asian woman less than an hour before the accident on Dec 15.

Bullish outlook for oil & gas sector

Singapore, with its multitude of oilfield equipment and services firms, should also witness increasing M&A activity

Remisiers’ plight: recognise that deregulation cuts both ways

A little over 10 years ago, before deregulation kicked in and when retail punters enjoyed up to a week of credit from their stockbrokers in exchange for payment of one per cent brokerage, becoming a remisier was seen as something enviable. Many were willing to consider it as a realistic career option because of the rewards it offered. Back in those halcyon days, retail participation was plentiful and came about mainly through picking up the telephone, ringing one’s remisier to discuss trading ideas, and then placing one’s orders. At one time in the market’s heyday during the mid-to-late 1990s, brokers had to install additional telephone lines, such was the demand for remisiers’ services.

State of war over Henan’s claim to have found fabled ruler’s tomb


A war of words has broken out over a provincial government’s claim to have uncovered the tomb of legendary ruler Cao Cao, underscoring the heightened scepticism towards mainland officialdom.

America’s lost economic decade

With the financial crisis almost over, the next generation of economists needs to figure out how things went so wrong

Boutique advisers step on Singapore’s private bank turf

Boutique and independent financial advisers are moving onto the turf of private banks in Asian wealth management centre Singapore, looking to poach emerging millionaire clients in the region.

Kunming projects on hold after airport bridge collapse

Kunming is in the midst of an infrastructure boom that is frenzied even by mainland standards, but construction of a number of projects is on hold following the collapse of a bridge connecting the new airport.

Saturday, 2 January 2010

Serious bubble in second-tier cities, warns SOHO China CEO

Mainland is already facing a serious property bubble, especially in second-tier cities, and the government must tighten bank lending to prevent it from swelling to dangerous proportions, a top developer said on Friday.

Serious bubble in second-tier cities, warns SOHO China CEO

Mainland is already facing a serious property bubble, especially in second-tier cities, and the government must tighten bank lending to prevent it from swelling to dangerous proportions, a top developer said on Friday.

Ex-Caijing editor takes helm of rival publication

Former Caijing editor Hu Shuli has teamed up with a leading think tank to launch a new magazine amid intense competition in the business publication market.

HKEx to accept accounts using China rules soon

Move will cut costs but concerns raised over supervision of Chinese auditors

Princelings no longer confined to the party

Reshuffles in the ranks of the People’s Liberation Army have given rise to a new phenomenon - the “princeling generals” - with the latest to be promoted a son of a former head of the military.

Junket reporting may cramp casinos’ style

Casino operators will have to report on junket operators, who will require licences here

Mainland property bubble expands

Millions of Chinese are pursuing property with a zeal once typical of house-happy Americans.

Sino-Environment chairman cleared of allegations in China

In a statement yesterday, the China-based waste management and environmental solutions company said investigations by the Fuzhou Public Security Bureau yielded no evidence to prove Mr. Sun embezzled company funds.

U.S. investors eye new frontier in Chinese market

When investors open their books for a new year, without doubt that China will be a hot spot that they can’t afford to miss. And for many who have closely followed the country’s rise from economic slowdown, there are still uncovered opportunities lying in this vastly diversified market.