Posted by: Sijia Xie on Jun 08 2010

China's "appliances to the countryside" program, which offers rural consumers subsidies for purchases of home appliances, generated revenue of RMB 54.35 billion from the sale of 26.59 million household appliances in the first five months of 2010, according to statistics released by the Ministry of Commerce June 7...

Posted by: Sarah Wu on Jun 01 2010

Baidu's (Nasdaq:BIDU) new online video site Qiyi expects to achieve advertising revenue of no less than RMB 100 million in 2011, to break even on a quarterly basis by 2012 and to become profitable by 2013, Reuters China reported May 31 citing an interview with Qiyi CEO Gong Yu...

Posted by: Sophia Fu on Mar 22 2010

Electronics company Skyworth's (0751.HK) wholly owned subsidiary Shenzhen Skyworth-RGB, LG Display (NYSE:LPL) and Guangzhou Kaide have agreed to establish a joint venture, LG Display (China) to manufacture and market TFT-LCD materials and other electronics components, Skyworth announced March 22...

Posted by: Sophia Fu on Mar 19 2010

Electronics company Skyworth (0751.HK) announced March 18 that sales of its LCD TVs increased by 70% year-on-year to 335,700 units in February in China. Revenues from the company's China TV business unit grew 61% in February compared with the same period 2008.

Posted by: Sophia Fu on Mar 02 2010

The Hang Seng Index dropped 0.72% to close at 20,906.11 on March 2, in main board trading volume of HK$72.1 billion. Shares of mainland-based companies fared better on Tuesday; the Hang Seng China Enterprises Index, which tracks major mainland companies listed in Hong Kong, gained 0.87%.

Shares of HSBC Holdings (0005.HK, NYSE:HBC, LON:HSBA) and Hang Seng Bank (0011.HK, OTC:HSNGY) slumped 7.04% and 5.14%, respectively, on Tuesday, following releases of their fiscal 2009 financial reports after market close on Monday...

Posted by: Sijia Xie on Feb 24 2010

The Hang Seng Index declined 0.75% to close at 20,467.74 on February 24, as main board trading volume shrunk to HK$53.99 billion.

Shares of PetroChina (0857.HK, NYSE:PTR, 601857.SH) and CNOOC (0883.HK, NYSE: CEO) declined 2.15% and 1.61%, respectively, while China Petroleum & Chemical Corporation (Sinopec) (0386.HK, 600028.SH, NYSE:SNP) dropped 1.34% on Wednesday, as declining crude prices weakened shares of petrochemical companies.

Lenovo Group (0992.HK) decreased 3.46% after news broke that its shareholder TPG Capital sold 100.8 million Lenovo shares for up to HK$500 million, reported Hexun.com citing Hong Kong media February 24...

Posted by: Sophia Fu on Jan 28 2010

The Hang Seng Index climbed 1.61% to close at 20,356.37 on January 28, in main board trading volume of HK$65.98 billion.

Electronics companies reported strong gains on Thursday. Shares of Skyworth (0751.HK) rose 6.62%, TCL Multimedia (1070.HK) increased 5.57%, and BYD Company Limited (1211.HK) grew 5.41%.

HSBC Holdings (0005.HK) expects to list in Shanghai within the year, Sina reported citing HSBC Executive President Michael Geoghegan on January 27...

Posted by: Sophia Fu on Jan 26 2010

The Hang Seng Index dove 2.38% to close at 20,109.33 on January 26, in main board trading volume of HK$77.38 billion.

Shares of BOC Hong Kong (Holdings) Limited (2388.HK), an affiliate of Bank of China (BoC) (3988.HK, 601988.SH), fell 0.74% on Tuesday, following rumors from January 25 saying that BOC Hong Kong is likely to issue no less than $1.5 billion worth of convertible bonds, part of which will be used to pay back subordinated debt it borrowed from BoC at the end of 2008, 21st Century Business Herald reported...

Posted by: Sijia Xie on Jan 14 2010

The Hang Seng Index fell 0.15% to close at 21,716.95 on January 14, in main board trading volume of HK$84.20 billion.

Real estate companies extended losses from the previous day, with shares of Shimao Property Holdings (0813.HK), China Resources Land (1109.HK) and Guangzhou R&F Properties (2777.HK) declining 4.37%, 3.33% and 2.49%, respectively...

Posted by: Cherry Zhang on Jan 07 2010

The Hang Seng Index dropped 0.66% to close at 22,269.45 on January 7, in main board trading volume of HK$79.17 billion.

Yurun Food (1068.HK) fell 5.68%, U-President China Holdings (0220.HK) declined 4.49%, Tingyi (0322.HK) sank 4.5%, Want Want China Holdings (0151.HK) decreased 3.19%, Tsingtao Brewery (0168.HK, 600600.SH) lost 2.96%, and China Food (0506.HK) dropped 2.7%.

TCL Multimedia (1070.HK) lost 6.48%, Welling Holdings (0382.HK) dropped 4.44%, Hisense Kelon Electric Holdings (0921.HK) retreated 4.27% and BYD Company (1211.HK) lost 3.24%, while Skyworth (0751.HK) fell 3.23%.

Posted by: Sijia Xie on Dec 23 2009

The Hang Seng Index grew 1.12% to close at 21,328.74 on December 23, as main board trading volume shrank to HK$44.19 billion.

Shares of Bank of China (BoC) (3988.HK, 601988.SH) and Industrial and Commercial Bank of China (ICBC) (1398.HK, 601398.SH) grew 2.2% and 1.60%, respectively...

Posted by: Sijia Xie on Dec 23 2009

Electronics company Skyworth (0751.HK) reported December 22 that sales of its LCD TVs in November in China increased by 186% year-on-year to 608,900 units. The company's China TV revenues in November 2009 grew 95% compared with the same period 2008, according to the report...

Posted by: Kiki.yang on Dec 04 2009

Electronics company Skyworth (0751.HK) made a net income of HK$573 million in the six months ended September 30, its fiscal first half, compared with HK$91 million in the comparable period last year, according to the company's interim report...

Posted by: Sijia Xie on Dec 03 2009

The Hang Seng Index grew 1.19% to close at 22,553.87 on December 3, in main board trading volume of HK$70.07 billion.

Electronic shares outperformed on Thursday, with TCL Communication (2618.HK) shooting up 16.90% and its sister company TCL Multimedia (1070.HK) growing 6.67%...

Posted by: Cherry Zhang on Nov 20 2009

Shenzhen-based mobile information service provider Winhi plans raise "within RMB 100 million" through an initial public offering in late 2009 on the NYSE Alternext, the small to mid-sized board of the NYSE Euronext, reports 163.com quoting Winhi CEO Yang Yong...