Chinese policy makers may decide to increase a refined oil consumption tax rather than impose a new fuel tax, as some market participants are expecting, official sources familiar with the issue told Reuters on Thursday.
The consumption tax, currently levied on seven refined oil products rather than just the retail staples of gasoline and diesel, is [...]
China’s ailing housing market will likely stabilise in about six months and recover in two years, ahead of other countries in Asia, thanks to support measures from Beijing, fund management firm Invesco says.
Cheng Soon Lau, managing director at Invesco Real Estate Asia, said his company was planning to invest directly in China, Japan, Hong Kong [...]
Hong Kong stocks rose 2.9 percent on Friday, as U.S. stock futures pointed to a recovery on Wall Street and talk swirled of another round of rate cuts in China, sending mainland lenders soaring.
But the main index finished the week 6.5 percent lower, its worst weekly performance in three weeks, on bleak economic data, job [...]
Japanese trading house Itochu Corp (8001.T: Quote, Profile, Research, Stock Buzz) said on Thursday that it would buy a 20 percent stake in Chinese food processing company Ting Hsin for $710 million to take further advantage of fast-growing demand.
Tags: investment, Stock
Royal Dutch/Shell will sign another major long-term sales agreement for liquefied natural gas with China by the end of the year, its China chairman said yesterday.
Lim Haw Kuang declined to reveal which Chinese company would buy the clean energy or the volume that will be sold.
The Anglo-Dutch energy firm and Qatargas in April signed a [...]
China Petroleum & Chemical Corp, Asia’s largest refiner, rose the most in six months in Shanghai after a state researcher’s comment on fuel taxes prompted speculation China will speed up changes to energy pricing.
Sinopec, as China Petroleum is known, jumped by the 10-percent daily trading limit, the biggest increase since May 21, to 8.37 yuan [...]
