Posted by: Kiki.yang on Sep 06 2010

The rapid expansion of domestic automobile industry propelled by local governments risks overcapacity and must be checked, said Chen Bin, director of the National Development and Reform Commission's Industry Coordination Department during the 2010 China Automobile Industry Development Forum, Shanghai Business Daily reported on September 6...

Posted by: Kiki.yang on Sep 06 2010

The State Council has approved land use and development plans drawn up by local governments in 10 cities, including Zhejiang provincial capital Hangzhou, Hubei provincial seat Wuhan and Henan capital Zhengzhou, according to a posting on the government's official site...

Posted by: Kiki.yang on Sep 06 2010

China Insurance Regulatory Commission (CIRC) will allow insurance companies to invest up to 10% of their total assets in commercial-use property development projects under temporary rules published on the regulator's website on September 5...

Posted by: Emily Alitto on Sep 06 2010

The Hang Seng Index gained 1.83% to close at 21,355.77 on Monday, September 9, in main board trading turnover of HK$72.65 billion. The Hang Seng China Enterprises Index increased 1.64% to end at 11,960.57.

Bank of China Hong Kong (2388.HK) gained 3.47%, Bank of China (3988.HK, 601988.SH) gained 2.27% and ICBC (1398.HK, 601398.SH) increased 1.9%.

Logistics and transportation companies also expanded, with China Cosco Holdings (1919.HK, 601919.SH), China Shipping Development (1138.HK, 600026.SH), and China Merchant's Holdings (0144.HK) climbing 3.09%, 3.36% and 1.84%, respectively.

Metals and mining companies improved...

Posted by: Tom Telford on Sep 06 2010

The Shanghai Composite Index jumped 1.54% to close at 2,696.25, while the Shenzhen Composite Index climbed 0.01% to end at 1,178.35 on Monday, September 6. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were 14.42 billion and 9.32 billion, respectively.

Lingyuan Iron & Steel (600231.SH) soared 9.99% and Liuzhou Iron & Steel (601003.SH) jumped 8.38%, while sector giants Baoshan Iron & Steel (600019.SH) and Angang Steel (0347.HK, 000898.SZ) gained 7.06% and 6.27%...

Posted by: Sarah Wu on Sep 06 2010

Tencent's (0700.HK) instant messaging service QQ has started using popup real-name registration windows for players of its games from the beginning of September, offering virtual gifts to players who register with authentic identity card numbers, Orient Morning Post reported September 6...

Posted by: Sarah Wu on Sep 06 2010

Perfect World (Nasdaq:PWRD) plans to start a limited round of open beta testing of its in-house developed 3D fantasy MMORPG Forsaken World on September 16, e-mailing invitations to closed beta testing participants within the game, according to a posting on the game's official site on September 6...

Posted by: Sarah Wu on Sep 06 2010

The9 (Nasdaq:NCTY) controlled US-based online game developer Red 5 Studios unveiled its first product Firefall during the Penny Arcade Expo on September 3, saying that it expects the multiplayer action shooter to start testing at the beginning of 2011, Sohu reported September 6...

Posted by: Sarah Wu on Sep 06 2010

An unnamed Sina (Nasdaq:SINA) senior executive has denied media reports that the company is planning to spin off its Twitter-like microblogging service for independent operation, Techweb.com.cn reported September 3...

Posted by: Sarah Wu on Sep 06 2010

Shenzhen-based download software provider Xunlei released an updated online game ranking based on client-end downloads from Xunlei's site gougou.com on September 6. The top ten online games for the week ending September 5 were:
1...

Posted by: Tom Telford on Sep 03 2010

Hong Kong-based polysilicon producer and power plant operator GCL-Poly Energy Holdings (3800.HK) has secured an agreement to supply photovoltaic products provider Hareon Solar Technologies with wafers for three years in a deal worth with a total worth RMB 20.8 billion, GCL-Poly announced September 3.

At the end of August, GCL-Poly announced it had extended its wafer supply agreement with Taiwanese solar company DelSolar (3599.TW).

Posted by: Emily Alitto on Sep 03 2010

Chinese real estate portal SouFun Holdings expects to raise net proceeds of $6.9 million from an initial public offering (IPO) on the New York Stock Exchange (NYSE), the company said in a Securities and Exchange Commission filing on September 2...

Posted by: Sarah Wu on Sep 03 2010

CDC Corporation's (Nasdaq:CHINA) gaming unit CDC Games plans to start open beta testing of "Fumo Huanying," a new version of its licensed 3D fantasy martial arts MMORPG Yulgang, on September 8, according to a posting on the game's official site on September 3...

Posted by: Sijia Xie on Sep 03 2010

Parkson Retail Group (3368.HK) held the soft opening at its third store in Beijing on September 3, Beijing Business Business News reports. The store is located in the Taiyang Gong business zone, and the opening comes three years after the retailer opened its second Beijing location...

Posted by: Sijia Xie on Sep 03 2010

Home appliance and electronics retailer Suning (002024.SZ) has acquired a commercial-use land parcel in central Beijing's Chaoyang District for RMB 965 million, Sina reported September 3. The land parcel, Suning plans to develop a store itself, has an area of 13,000 square meters, according to the report...