Trading and Business consulting and services for import-export, sourcing, manufacturing and investment in China.

English French Chinese Protuguese

China-Consultants.biz Trading and business consulting

Our specialists for specialized Services import-export, sourcing, manufacturing and investment in China

Member

User Name: Password: Register

Trading and Business consulting and services for import-export, sourcing, manufacturing and investment in China.

Shanghai

Dubai

Paris

São Paulo

Los Angeles

Trading and Business consulting and services for import-export, sourcing, manufacturing and investment in China.

BUSINESS NEWS

 

HEADLINES

- China's Haier net profit jumps 52% on expansion of market share - 28/08/2010

- China, ASEAN see robust trade in Jan-July - 28/08/2010

- China to set up safety system for cosmetics, skin care products - 28/08/2010

- China seeks to build largest regional cooperation platform for mutual development - 28/08/2010

- Shenzhen economy to surpass Hong Kong in the next 5 to 10 years - 19/04/2010

- China's heavy-industry center urged to transform development pattern - 19/04/2010

- Official: Utility prices continue to rise in the second quarter - 19/04/2010

- Banks can refuse third-home loans - 19/04/2010

- Henan's first electric vehicle charging station begins construction - 19/04/2010

- China sets foreign trade goal over next decade - 19/04/2010

- 20 new urban rising stars in China - 14/04/2010

- China faces energy challenges in switch to low-carbon economy - 14/04/2010

- ADB: China's economy to grow 9.6% - 14/04/2010

- China confiscates over 44.32 mln fake invoices in Q1 - 14/04/2010

- Smaller cities offer better bets - 14/04/2010

- China Telecom awarded world's first IPv6 operator certification - 14/04/2010

- China's PMI higher than 55% in March - 13/04/2010

- China's copper consumption to grow 14% this year - 13/04/2010

- China central SOEs number cut down to 126 - 13/04/2010

- China unveils new rules for foreign investment - 13/04/2010

- Facebook plans to enter China - 12/04/2010

- China targets 150 mln 3G users by 2011 - 12/04/2010

- China discovers 3.52 bln tonnes of iron ore in 2009 - 12/04/2010

- Snow: Let China decide on RMB - 12/04/2010

- China reports trade deficit in March, 1st time in 6 years - 12/04/2010

- Public health insurance may cover high-priced medicine - 17/03/2010

- Cosco share sale to fund new ships - 17/03/2010

- China's economy to grow 9.5 pct in 2010: World Bank forecast - 17/03/2010

- Structural adjustment, inflation management key to avert "double dip" - 14/03/2010

- Social insurance a heavy burden for Chinese - 13/03/2010

- Electronics and machinery leading the way - 13/03/2010

- 5 Chinese on Internet billionaire rich list - 13/03/2010

- Chinese leaders underlines scientific development, stability - 12/03/2010

- Chinese leaders stress transforming economic growth mode, fighting corruption - 12/03/2010

- China enhances industrial restructuring for balanced growth - 07/03/2010

- China to build industrial system of low-carbon emissions: Wen's report - 07/03/2010

- China to see 'more trade disputes' this year - 07/03/2010

- China needs more efforts to reach energy saving goal: top planner - 07/03/2010

- Commentary: Can Chinese auto-makers learn from Toyota's crisis? - 03/03/2010

- Super-rich have craze for luxuries - 03/03/2010

- Iron ore imports expected to hit new high in March - 03/03/2010

- Oil companies plan charging stations - 03/03/2010

- China to focus on energy restructure in 2010 - 03/03/2010

- China's 100 key retailing enterprises report falling sales in January - 03/03/2010

- Shanghai, Beijing, Jiangsu China's top-3 economically competitive regions - 02/03/2010

- China remains largest holder of US Treasury securities: report - 02/03/2010

- Economic gap keeps narrowing between China's east, west - 02/03/2010

- China to develop low-carbon economy: top economic planner - 02/03/2010

- China allocates 28.6 bln yuan to support farmers - 02/03/2010

- China's 1st consumer finance company to start operations in March - 26/02/2010

- Ministries design exchange rate stress test for labor-intensive industries - 26/02/2010

- China's energy efficiency improved in 2009: report - 26/02/2010

- China oil company inks gas exploration deal with Thailand - 26/02/2010

- Blaming Chinese currency for global imbalance not right: official - 26/02/2010

- China's economic macro-control to be tested in 2010 - 26/02/2010

- Pressure on yuan rise "not justified" - 26/02/2010

- China to foreign investors: Go west - 25/02/2010

- Overseas direct investment may soar - 25/02/2010

- US became largest seafood buyer from China's Jiangsu province in Jan - 25/02/2010

- Blaming Chinese currency for global imbalance not right: official - 25/02/2010

- China to further adjust and reinvigorate key industries: State Council - 25/02/2010

- China oil giants join hands for Caspian Sea oil field - 24/02/2010

- Cognac becomes 1st foreign geographical indication product protected in China - 24/02/2010

- Largest state-owned steel maker cooperates with No.1 private mill - 24/02/2010

- Copper regains some lost ground - Tuesday - 24/02/2010

- Hong Kong budget focuses on economic recovery - 24/02/2010

- China to open up more credit lines for small businesses - 24/02/2010

- Interview: China takes longer-term perspective to cope with climate change: experts - 24/02/2010

- Chinese become most generous tourists in New York - 23/02/2010

- New energy to become focus of China's strategic emerging industries - 23/02/2010

- China oil giants join hands for Caspian Sea oil field - 23/02/2010

- China demand to lift copper futures - 23/02/2010

- Yuan hits new high against US dollar - 23/02/2010

- Steelmakers yet to reach price deal with global ore firms - 23/02/2010

- China Southern Airlines likely to receive 1.5 bln yuan capital injection - 23/02/2010

- Baosteel to raise steel prices by up to $103 per ton - 22/02/2010

- Solar thermal plant will serve as a model for future enterprises - 22/02/2010

- Latin-Caribbean alliance presents opening for China - 22/02/2010

- China's wind energy industry sees challenges - 22/02/2010

- China's market restrictions to end in 15 years: expert - 22/02/2010

- ZTE, Telefonica to launch "Movistar" handsets in Latin America - 18/02/2010

- China gives international science cooperation award to seven foreign expert - 18/02/2010

- Ministry optimistic about iron&steel industry in 2010 - 18/02/2010

- Japan surpasses China as largest holder of US Treasury securities - 17/02/2010

- RMB is not a cure-all for US economy: IMF - 17/02/2010

- Shaanxi province apple exports rebound as financial crisis effects fade - 17/02/2010

- China, South Korea, Japan to launch joint study on trilateral free trade deal - 17/02/2010

- The change of climate in China-EU economic and trade ties - 16/02/2010

- China's natural gas output rises in 2009, still short of demand - 16/02/2010

- China Telecom joins GSM Association - 16/02/2010

- Nearly 70% of China's exported machinery, electronic products done by foreign-funded firms - 16/02/2010

- China's new bank loans to fall 17% in 2010: JP Morgan Chase analyst - 15/02/2010

- China allocates 37.2b yuan for medical reforms in 2010 - 15/02/2010

- Profits in China's non-ferrous metal sector fall in 2009 despite rising output - 15/02/2010

- Holiday travel rush becomes another source of increasing cost for Chinese companies - 15/02/2010

- China's e-shopping faces choke point during Spring Festival - 12/02/2010

- Rare earth reserve approved - 12/02/2010

- 30 million Chinese booked their holidays online last year - 12/02/2010

- China allocates 3 bln yuan to fund urban students - 12/02/2010

- China's power consumption grows 40 % in Jan. - 12/02/2010

- More Chinese collectors consider art as an investment vehicle - 11/02/2010

- Air China orders 20 Airbus A320s for $1.63 bln - 11/02/2010

- No sweet solution to sugar shortage - 11/02/2010

- China, Costa Rica conclude FTA talks - 11/02/2010

- CNPC clinches deal to develop Iranian gas field - 11/02/2010

- China's 2009 coal imports triple after stimulus increases demand - 11/02/2010

- China reports 1.39 trillion yuan of new loans in January - 11/02/2010

- Copper imports may drop 50% - 10/02/2010

- Raw materials rally drives up stocks - 10/02/2010

- China draws up plans for national renewable energy center - 10/02/2010

- Rate of inflation 'still low' - 10/02/2010

- China overtakes Germany as world top exporter - 10/02/2010

- China issues rules on maritime wind energy projects with stress on environmental protection - 10/02/2010

- China plans to build national renewable energy center: report - 10/02/2010

- Chinese banking regulators win top risk management award in New York - 10/02/2010

- Saudi Arabia, Angola, Iran remain top 3 oil suppliers to China - 10/02/2010

- Chinese vice premier vows new food safety campaign after re-emergence of melamine-tainted milk - 10/02/2010

- One night in Sanya costs more than six days in Maldives - 09/02/2010

- 91% think new rich use govt connections - 09/02/2010

- Reflections on wealth and management from a home-grown private entrepreneur in China - 09/02/2010

- China Eastern Airlines in search for new investors - 09/02/2010

- Steel industry to continue restructuring - 09/02/2010

- Govt to beef up regulation of pre-paid card industry - 06/02/2010

- China strengthens efforts to fight melamine-tainted milk products - 06/02/2010

- China passenger car sales up 84% in January - 06/02/2010

- SAIC posts soaring sales in January - 06/02/2010

- China's fiscal revenue rises 55.8% in Dec. - 05/02/2010

- China's current account balance falls 35% in 2009 - 05/02/2010

- Crude oil imports to increase this year - 05/02/2010

- Convergence moves to bolster investments - 05/02/2010

- Hu's transformation call signals confidence in recovery - 05/02/2010

- China to levy anti-dumping duties on U.S. chicken - 05/02/2010

- Statistics of capital account in 2009 not comparable to 2008: SAFE - 05/02/2010

- China-Africa economic co-op committee founded - 04/02/2010

- Shift to green growth in place - 04/02/2010

- Software industry to enjoy rapid growth thanks to policy support - 04/02/2010

- Green tea in Zhejiang posts annual output value of more than 7 billion yuan - 04/02/2010

- Yuan is becoming a strong regional currency: Russian official - 04/02/2010

- China to focus on a stable exit strategy in 2010: economist - 03/02/2010

- Chinese mills start iron ore talks with miners - report - 03/02/2010

- China firm becomes official sponsor of 2010 World Cup - 03/02/2010

- China's largest tungsten producer reports profit surge - 03/02/2010

- China's foreign trade of electronic information products down in 2009 - 03/02/2010

- Metals slump on demand concerns - 31/01/2010

- China's iron ore import dependency hits 69% - 31/01/2010

- China's wine industry sees opportunity amid global downturn - 31/01/2010

- China's ZET says 2009 profit jumps up to 56 pct on 3G business gains - 31/01/2010

- Industrial output up 11\% in 2009 - 22/01/2010

- China's telecom sector reports 4\% rise in main business revenue in 2009 - 22/01/2010

- Chinese firm gains greater access into auto safety and electronic systems market - 22/01/2010

- China creates 11.02 mln new jobs in 2009 - 22/01/2010

- Sales of China's rural supply co-ops up 15 pct in 2009 - 20/01/2010

- Survey: Economic confidence at record high in Chinese mainland, Taiwan, HK and Macao - 20/01/2010

- China to see robust increase of import oil - 20/01/2010

- Profits of Chinese state-owned enterprises up 9.8 pct in 2009 - 20/01/2010

- China calls on rich nations to deliver on climate pledges - 12/12/2009

- China's imports, exports up 9.8% in November - 12/12/2009

- China's industrial output up 19.2% in November - 12/12/2009

- HSBC facilitates trade settlement using Chinese's Renminbi currency - 11/11/2009

- China-Africa ties benefit both: business leaders - 11/11/2009

- China's energy-saving, environmental protection industry has bright prospect: official - 11/11/2009

- Otis sets up elevator plant in Chongqing - 06/11/2009

- China enterprises index down 0.19% - 06/11/2009

- Rising orders at Canton Fair signals grassroots recovery - 06/11/2009

- China's economy expected to grow faster in 2009: World Bank report - 06/11/2009

- China's home-made auto sales up 77.88% in September - 13/10/2009

- Central government to subsidize foreign patent applications - 13/10/2009

- China to input $69b for West Development in 2009 - 13/10/2009

 

NEWS SEARCH

Latest Business News

Member

Trading and Business consulting and services for import-export, sourcing, manufacturing and investment in China.

Cosco share sale to fund new ships
BEIJING - China Cosco Group, the world's second largest shipping company, announced on Tuesday plans to raise as much as 3.9 billion yuan, one day after its real estate subsidiary stunned the public by buying land at a record high price in Beijing.

Cosco hopes to sell 390 million new shares of its Shanghai-listed unit Cosco Shipping Co to shareholders by placing three shares for every 10 shares. "The money would mainly be used to build 18 multi-purpose cargo ships and heavy-lift carriers," said the company.

"The plan is a good investment in the shipbuilding industry, which was already sunk by the global financial crisis," said Wu Yunying, an analyst at Changjiang Securities.

But the financing plan has drawn public criticism as Sino-Ocean Land, its Hong Kong-listed real estate subsidiary, on March 15 won the bid on a 169,500 square meter parcel of land located in Beijing's Chaoyang District, for a price of 4.08 billion yuan, or 24,000 yuan per square meter. The company has since been named the capital's new "land king".

Since last year, State-owned companies have been accused of triggering asset bubbles in first-tier cities as they continued to break land price records with abundant capital flow that private players don't have.

Some analysts said the big spending on land and consecutive financing plans may affect its brand image with the public, and regulators may tighten the State-owned company's spending on real estate projects.

However, Wu from Changjiang Securities said: "For Cosco investors, the news could have little impact, as the property sector only accounts for a slice of the group's business."

The real estate business is not a major profit maker for Cosco Group, Zhang Fusheng, vice-president of the group said in an earlier interview with China Daily, without elaborating.

He also denied potential exit from this sector, as the central government suggested State-owned companies consider.

According to Zhang, the group made a profit of 600 million yuan last year, with the shipping business making up 70 percent of total revenue.
Its listed unit, Cosco Shipping Co, on Tuesday reported a 90.64 percent slump in net profit to 136 million yuan, and a 43.46 percent decrease in revenue to 3.9 billion yuan in 2009.

The results were within market estimates, said Yu Jianjun, an analyst at Huatai Securities. He predicted that the company's performance will rebound as the shipping industry gradually recovers this year.

"The new fund-raising plan will help strengthen Cosco Shipping's long-term competitiveness," Yu said.
Posted on 17 Mar 2010 - Source: China Daily

 

Home - Services - Contact - Sitemap - Go to top GoTop