News PM August 17
Joy Air Takes off; Eight Bodies Identified in Chinese Mining Tragedy; Everbright Securities to Start Trading August 18
HNA Group to Form Carrier JV with Dalian Government
HNA Group will also set up an investment unit in Dalian to build facilities including an office building and a logistics park.
State-owned Firms' Dividend Payments Down 13%
China plans to require more state-owned companies, such as state-controlled banks, to hand in a certain percentage of dividends to state coffers in the future.
Shanghai Speeds up Reform of State-owned Financial Institutions
Shanghai accelerated the overhaul of its state-owned financial institutions as new guidelines were issued.
News AM August 17
Shenhua Energy July Coal Output Up 9.9%; China's July Wholesale Prices Down 8%; China Loosens Restrictions for Industrial Land Leasing
CISA Agrees on Iron Ore Price Cut with FMG
Chinese steel mills will continue negotiations with the top three miners using the price agreed with FMG as a benchmark, CISA said.
Economist: Reality Check for Prophets of Protectionism
Anxiety over protectionism may be groundless, as a downturn in wealthy countries today does not mirror the 1930s calamity.
Police Officers Convicted in Torture Case
A court ruled against the officers in the death of a pharmaceutical salesman detained and beaten after six people died in a hospital.
Solar Power Prices Test a Downward Path
A successful tender for China's largest solar power project appears to be a market force victory over subsidized energy.
News PM August 14
July Power Consumption Rose 6%; Former City Officials Sentenced for Corruption; GEM Approval Committee Created; Construction Chief Goes to Court
Securities Firms Dusting off IPO Dreams
Securities firms preparing IPOs after a seven-year wait are confronting old questions about putting new capital to work.
New Rules to Boost Managed Funds' PE Business
The China Securities Depository and Clearing Corp. has been accepting registrations of new PE products from managed funds since August 11.
China July Vehicle Sales Up 63.6%
Vehicle sales have topped 1 million units for five consecutive months, buoyed by a sales tax cut and subsidy.
China to Freeze New Steel Project Approvals
Steel oversupply is a serious problem, with annual production capacity of 660 million tons far exceeding estimated demand of 470 million tons.
News AM August 14
CBRC Releases Final Rules on Consumer Finance Firms; Shenzhen Gas Applies for Shanghai Listing; Iodine Level of Table Salt to be Lowered
China Downgrades Charges against Rio Exec
Allegations of state secrets theft have been dropped against Stern Hu and three Rio Tinto colleagues while a probe continues.
Reform in the Air for Chinese Broadcasters
TV and radio broadcasters are preparing to buy privately produced entertainment as state control undergoes a gradual change.
Macroreview: Why Taxes Matter for Economic Growth
A government policy that favors turnover taxes over other tax methods benefits fiscal coffers but dampens GDP growth.
News PM August 13
Sinochem to Buy British Emerald Energy; XAIC Sets up Venture with Goodrich Corporation; Ping An will Invest in Value Partners Group
NDRC Drafts Rules on Monopoly Price
The rules extend to instances of price collusion overseas, provided there is an impact on the domestic market, said NDRC.
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