UNIDO, China to promote investment

2011-05-31 13:31:48

The United Nations Industrial Development Organization (UNIDO) and China have agreed to help promote foreign investment in Shanghai and China's investment in developing countries and countries with economies in transition, particularly in Africa.

Chinese shares close lower at midday Tuesday

2011-05-31 13:25:14

Chinese shares closed lower in the morning session on Tuesday with the benchmark Shanghai Composite Index down 0.13 percent, or 3.50 points, to 2,702.86 at midday.

Hong Kong shares close 0.92% higher by midday

2011-05-31 13:24:01

Hong Kong stocks gained 213.93 points, or 0.92 percent, to close Tuesday's morning session at 23,398.25.

WHO hopes China strengthen tobacco industry control

2011-05-31 13:22:46

China can use its control over the state monopoly to end tobacco industry interference in tobacco control policy-making in a country where more than 1 million people die of smoking-related illness each year.

Macao's MICE events down 19% in Q1

2011-05-31 13:05:52

There were a total of 267 MICE (Meetings, Incentives, Conventions and Exhibitions) events held in Macao in the first quarter of 2011, 19.33 percent down from a year earlier, according to the figures released on Monday by the city's Statistics and Census Service (DSEC).

Macao's residential mortgage loans down 18.8% in Q1

2011-05-31 13:05:03

Macao banks approved some 8.5 billion patacas ($1.06 billion) of new residential mortgage loans (RMLs) in the first quarter of 2011, down 18.8 percent over the fourth quarter of 2010.

Macao's economy expands by 21.5% in Q1

2011-05-31 11:41:33

Spurred by favorable performance of the gaming sector, Macao's Gross Domestic Product (GDP) for the first quarter of 2011 grew by 21.5 percent year-on-year, according to the figures released on Monday by Macao's Statistics and Census Service (DSEC).

Optical fiber producer lights the way ahead

2011-05-31 11:20:16

Zhongtian Technology Co Ltd, one of China's leading producers of optical fibers, has become the country's first to successfully develop optical fiber preform (OFP), a material used in the production of optical fibers, by using its own technology.

CNOOC offloads Qatari license stake

2011-05-31 11:15:59

CNOOC Ltd, China's biggest offshore oil producer, sold a 25 percent stake in a license to explore for hydrocarbons in Qatar to Total SA of France as the Chinese company seeks to reduce risk.

Australia backs cross-border RMB settlements

2011-05-31 11:10:43

Australia is keen to play a bigger part in accelerating the internationalization of the yuan, according to a new report.

HNA buys 60% of Turkish MRO firm

2011-05-31 11:08:20

HNA Group Company Ltd, a diversified services provider, has acquired a majority stake in a Turkish maintenance, repair and overhaul (MRO) company to facilitate China's fourth-largest airline to penetrate the aviation networks in Europe, Asia and North Africa.

Samsonite is closer to $1.5b HK IPO

2011-05-31 11:07:02

The Luggage maker Samsonite Group, backed by private equity firm CVC Capital Partners, moved closer to its $1.5 billion Hong Kong initial public offering, setting an indicative range for the deal on Monday, as it bets on booming Asian demand for global consumer brands.