China widens access to over-the-counter exchanges | Reuters Beijing has been consistently trying to expand access to credit for small- and medium-sized enterprises (SMEs), which are usually too small to list but at the same time are too risky for Chinese banks to finance.
But analysts say initiatives such as OTC exchanges and high-yield bonds designed for use by smaller companies have so far been hamstrung by regulatory restrictions and lack of investor interest, while efforts to force banks to lend to SMEs have mostly backfired.
Property prices to rise 5-7 percent in 2014 |Industries |chinadaily.com.cn **Must be considerable variation within that. What are predicted price rises for Beijing, Shanghai, Nanjing, Tianjin, Shenzhen, etc?** Property sales are expected to rise 8 to 10 percent year-on-year in 2014, with prices continuing to climb 5 to 7 percent, a report from investment bank UBS said.
Sales growth, according to the UBS report, is driven by the urbanization push.
Ex-Banker Du Ordered to Pay Insider Gains to Investors – Bloomberg Former Morgan Stanley managing director Du Jun was ordered to pay HK$23.9 million ($3.1 million) to investors who sold him shares in 2007, for which he was jailed for trading with inside information.
Japanese cars boost Nov auto sales in China – Headlines, features, photo and videos from ecns.cn|china|news|chinanews|ecns|cns **If you get a chance, read GE Anderson’s book Designated Drivers, on the Chinese auto industry** SAIC Motor Corp Ltd sold 432,100 cars in China in November, ranking at the top of automakers. Dongfeng Motor Group Co Ltd ranked as second with 354,400 cars sold. China FAW Group Corp was third with 273,900 cars sold last month, according to the CAAM.
Huawei inaugurates pilot distribution center at Piraeus port – Xinhua | English.news.cn **South-Eastern Europe is a popular entry point for Chinese seeking access to the EU, as Greece, Cyprus etc are desperate for capital and are far more lax in regulation** The official opening of the distribution center, at the premises of Chinese multinational shipping conglomerate Cosco’s subsidiary Piraeus Container Terminal SA (PCT) at Greece’s biggest port, is the fulfillment of Huawei’s commitment made in May 2013 to the Greek government, during Greek Prime Minister Antonis Samaras’ official visit to China.
China’s 4G Race Investors in several companies stand to profit from these deals. Three 4G contracts were awarded to the largest mobile service providers in China: China Mobile (NYSE: CHL ) , China Unicom, and China Telecom. These contracts further raise hope that the rumored China Mobile-Apple (NASDAQ: AAPL ) deal will go through.
Apple (AAPL) Now 3rd Biggest Smartphone Maker In China With 12% Of Market Share Apple Inc.’s (Nasdaq:AAPL) share of the Chinese smartphone market leaped to 12 percent in October, as the iPhone 5s has proven a hit in the country. Analysts expect the California-based company to become even more popular when China Mobile (NYSE:CHL), the nation’s largest mobile network by subscribers, begins to take pre-orders Thursday for iPhones.
This jump in market share makes Apple the third-biggest smartphone company in China, according to a new survey from technology market researcher Counterpoint. Just a month before, Apple only had a measly 3 percent of the Chinese smartphone market.
BRIEF-Ping An Insurance says bank unit to issue 1.32 bln shares in private placement | Reuters Ping An Insurance Group Co of China Ltd
* Says unit Ping An Bank gets regulatory approval to issue up to 1.32 billion A-shares in private placement
Posted from Diigo.