Analysis: How to Allocate China’s Foreign Exchange Reserve

China should gradually reduce its dollar holdings and invest the money in foreign resources, gold, and other currencies.

Can Stimulus Light China’s Consumer Fire?

Boosting consumer spending is a key goal for policymakers as they flesh out China’s 4 trillion yuan economic stimulus package.

Cloudy Forecast for China’s Solar Pacesetter

Falling demand tied to the global economic slump is pressuring China’s leading solar power supplier and its charmed chief.

Second board, IPOs not expected until market starts to stabilise

Beijing will not launch a long-expected growth enterprise market or resume initial public share offerings unless officials are convinced this year’s stock gains are sustainable, sources close to regulators said.

Services outsourcing seen as new growth engine

China’s desire to expand the out-sourcing of services requires the support of tax incentives and policies, industry experts say.

Watchdog calls for two-layer media system

Media that are not designated “official” should operate according to a market-oriented model, with official media remaining as propaganda mouthpieces and performing ideological control functions, said the chief of the mainland’s press and publications watchdog.

Sports bosses argue legalised gambling would boost economy

Liberalising gambling laws could help the mainland survive the global economic downturn, sports officials said at the annual meeting of parliament this week.

Heritage body vows better strategy on lost relics

The State Administration of Cultural Heritage has pledged to heed public calls for a better strategy relating to lost Chinese relics overseas after it was criticised for failing to be more active in opposing the controversial auction of two bronze animal heads at Christie’s in Paris last month.

Sino-Env appoints financial adviser

Faced with the threat of a change in shareholder control, Sino-Environment Technology is seeking the advice of nTan Corporate Advisory Pte Ltd on all implications and the measures needed to keep its business going.

TTL sues ex-CEO for $423k

TTL Holdings is suing its former chief executive officer and director, Ho Kang Peng. The plastics components maker filed a writ of summons with the High Court of Singapore against Mr. Ho on Thursday.

3 Guangzhao directors call it a day

Three independent directors of Guangzhao Industrial Forest Biotechnology Group have resigned with immediate effect. Lew Syn Pau, Yong Wan Hong Jean and Ong Kian Min have also given up their respective appointments as chairman and members of the audit, nominating and remuneration committees.

Prices of golf club membership holding steady - for now

Stock prices have tumbled to their lowest levels since 2003. On the property front, asset writedowns and landbank provisions have begun. The job market is facing its worst crisis in years. And the global financial market and system remain in meltdown mode.

Beauty China’s big expansion plans

Mr. Wong - needs to raise cash before HK$80.8m loan matures this year

8-10 firms still eyeing key stake in Straits Asia, says CEO

Mr. Ong indicated that any deal would have to be at some premium to Straits Asia's current share price

Late payers making it ugly for Beauty China

The financial crisis has exacted a heavy toll on Beauty China’s balance sheet, with a startling rise in the number of cash-strapped customers defaulting or deferring payments.

Straits Asia set to add another coal mine

Mining company Straits Asia Resources is close to acquiring a third coal mine in Indonesia, chief executive Richard Ong said yesterday at a press conference.

Cities cracks down on running bosses

Pearl River delta cities in south China’s Guangdong Province are seeking ways to fight bosses who run away while defaulting workers wages amid global financial crisis.

Citigroup stock falls below $1 for first time

The price of a Citigroup share on Thursday fell below $1 in a sign that investors are losing confidence that the lender, which operates in more than 100 countries, can be restored to health after $37.5 billion of losses in the 15 months ended December 31.

Bear turns bear

Steven Leuthold, whose Grizzly Short Fund makes money for investors by betting companies will fail, says he wouldn’t invest in his own fund now because the U.S. stock market is close to its bottom.

China promises spending, but it might not be new

Warning that China faces “unprecedented difficulties and challenges,” Prime Minister Wen Jiabao outlined a barrage of construction, increased subsidies and economic measures Thursday aimed at continuing his nation’s modernization despite the world financial crisis.