Prada files application to list in Hong Kong

Prada, the Italian fashion house, has filed a request to list in Hong Kong through an initial public offering this summer that could raise as much as US$2 billion, the Wall Street Journal

Chinese white paper highlights growing military tensions

A military policy white paper issued by Beijing notes that other countries are concerned about China’s growing regional power, the Financial

Wal-Mart looks to buy more land in China

Wal-Mart (WMT.NYSE) is eying more land purchases in China as it seeks to expand its network of stores in the country, Bloomberg reported. Where once foreign supermarket

G20 nations differ on monetary controls, renminbi

Timothy Geithner, the US Treasury secretary, ignored Beijing’s insistence that its currency policy should not be a topic at Thursday’s meeting of G20 officials in Nanjing by stressing the importance of flexible exchange rates, the

China’s manufacturing sector sees first expansion in four months

Activity in China’s manufacturing sector grew for the first time in four months as the Purchasing Managers’ Index (PMI) reached 53.4 in March compared to 52.2 in February,

EU considers anti-subsidy duties on Chinese paper

China could be hit with anti-subsidy duties on high-end paper exports in a move that suggests the EU is becoming more aggressive in tackling what it sees as unfair trade practices, the

Guangdong seeks to clamp down on illegal immigration

Guangdong province is encouraging people to report foreigners who enter China illegally, remain in the country after their visa expires, work without permits or conduct business without a license, according to state

China reassures farmers with creation of state cotton reserve

China will rebuild its state cotton reserve as a means of encouraging domestic production, the Financial Times reported. The country is the world’s leading cotton

China COSCO says dry-bulk traffic will fall due to overcapacity

China COSCO Holdings (601919.SH, 1919.HK) expects a 32% fall in dry-bulk traffic this year as capacity increases outpace demand growth, Bloomberg reported.

ICBC expects slower credit growth in 2011 on government tightening

Industrial and Commercial Bank of China (ICBC; 601398.SH, 1398.HK) beat expectations with a 28% increase in net profit to US$125 billion in 2010, but warned that credit expansion is likely to slow this year,

CNOOC, Total agree on investment in Ugandan oil assets

China National Offshore Oil Corp (CNOOC; CEO.NYSE, 0883.HK) and Total SA (TOT.NYSE, FP.Euronext) are to pay US$2.9 billion for three oil exploration areas in Uganda, the Wall Street Journal

Qihoo 360 soars on its New York trading debut

Chinese internet firm Qihoo 360 Technology (QIHU.NYSE) saw its shares more than double in price to US$32.10 on their trading debut on the New York Stock Exchange, Reuters reported. Qihoo 360,

Diversification strategy sees Evergrande post sevenfold profit increase

Evergrande Real Estate (3333.HK) posted a sevenfold increase in 2010 net profit to US$1.2 billion as its strategy to diversify away from major cities paid off,

Shanghai sets property price growth target

The Shanghai government aims to limit home price increases to no more than the pace of the city’s annual economic and disposable per capita income growth,

Guangdong Nuclear to list uranium assets in Hong Kong

China Uranium Development (CUD), a unit of Guangdong Nuclear Power Group, set the stage for a backdoor listing in Hong Kong through the acquisition of drug supplier Vital Group Holdings (1164.HK),

China still leads the world in renewable energy investment: Pew

China consolidated its position at the top of the Pew Charitable Trusts’ renewable energy investment rankings last year as spending rose 39% to US$54.4 billion,

China Unicom income falls due to handset subsidies

Heavy spending on handset subsidies intended to attract phone users to 3G mobile services saw China Unicom’s (CHU.NYSE, 600050.SH, 0762.HK) 2010 net profit fall 60% year-on-year to US$586.5 million, the

China’s rural revival boosts ABC profits

Rising incomes in rural China are delivering record profits to rural financial institutions that were struggling to survive just a few years ago, the chairman of Agricultural Bank of China (ABC; 601288.SH, 1288.HK) told the

China has second-largest share of published research papers

China has moved from sixth to second place in terms of the number of articles published in international science magazines, according to the Royal Society in London,

Sina stops using Google search services

Sina (SINA.NASDAQ), the Chinese internet portal, has stopped using Google’s (GOOG.NASDAQ) search service on its website in favor of a search solution developed in-house, the Wall Street

CITIC Securities receives board backing for Hong Kong listing

CITIC Securities (600030.SH) has received board approval for its proposed listing in Hong Kong and plans to use the proceeds to set up “overseas business platforms,” the Wall Street

Lenovo launches tablet computer

Lenovo (0992.HK) launched its tablet computer, known as the LePad, with a lavish party in Shanghai on Monday night, the Financial Times reported. The device, which features a 10.1-inch

China Southern Airlines posts 18-fold increase in net profit for 2010

China Southern Airlines (ZNH.NYSE, 600029.SH, 1055.HK) saw its 2010 net income surge almost 18-fold to US$883 million due to strong passenger and freight demand,

Industrial Bank plans $7.6bn bond sale to fund expansion

Industrial Bank (601166.SH), the mid-sized Chinese lender, wants to raise up to US$7.6 billion through a bond sale in Shanghai or Hong Kong, Reuters reported. The bank, in which Hang Seng

Gome reports 39% jump in profit, plans to move into e-commerce

Gome Electrical Appliances (0493.HK) announced plans to expand into e-commerce as it reported a 39% increase in 2010 net profit to US$298.9 million, the Wall Street Journal reported.

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