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China to CONNECTOR release document regulating SOE executive salaries

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China to release document regulating SOE executive salariesPublished: 04 Aug 2009 19:02:01 PST<p class="authorInfor"]</p]
A Chinese official says the government is writing up a document to more effectively regulate State-owned enterprises (SOEs) as well as executives' salaries.</p]
Hu Xiaoyi, Vice Minister of Human Resources and Social Security said the document would be released in the near future during an Aug. 4 press conference held by the State Council Information Office.</p]
Hu said two steps would be taken to regulate SOE executives' salaries. The government will firstly regulate the salaries of SOE executives in central enterprises and then instruct local governments on setting the salaries of those executives running local companies.　</p]
&quot;Five principles are used to formulate this document,&quot; Hu explained. &quot;We should combine market regulation with government supervision; strike a balance between short-term and long-term financial incentives for their achievements; improve salary regulations; provide insurance for employees; and coordinate salary increases for executives of SOEs and for employees.&quot;</p]
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Longfor refractories castable Properties announces exercise of over-allotment option

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Longfor Properties announces exercise of over-allotment optionPublished: 27 Nov 2009 01:17:48 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Nov. 27, 2009 (China Knowledge) - Mainland real estate developer Longfor Properties Co&lt;0960&gt; on Nov. 24 announced that it has exercised the over-allotment option in full on behalf of the international underwriters. </P]<P]The Chongqing-based company issued 150 million additional shares, or 15% of the shares offered in IPO. The price was HK$7.07 per share, the same price as the IPO price. </P]<P]Earlier this month, the real estate developer issued 1 billion shares and raised HK$7.07 billion. The proceeds from the offering will be use to fund existing projects, acquire new projects, and replenish working capital, according to the company. </P]<P]Citigroup Inc, Morgan Stanley and UBS AG were the joint book runners of the IPO.</P]<P]Longfor Properties said it expected to see 30% to 40% annual growth in contracted sales revenue in the next five years because the mainland real estate market is booming, according to an earlier report from China Knowledge.</P]<P]The property developer has reaped RMB 16 billion in contracted sales revenue since the beginning of this year, and expects to book RMB 17 billion in revenue for the whole year.<BR]</P]
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Chinese synthetic leather supplier miner withdraws bid for controlling stake in Firstgold

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Chinese miner withdraws bid for controlling stake in FirstgoldPublished: 22 Dec 2009 01:33:15 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]More From ChinaKnowledge.comChina Economy DataChina Business GuideChina DemographicChina Industrial ParksChina Financial Market<P]Dec. 22, 2009 (China Knowledge) - Northwest Nonferrous International Investment Corp, a subsidiary of China's largest aluminum producer, Aluminum Corp of China Co Ltd&lt;601600&gt;&lt;2600&gt;&lt;ACH&gt;, has abandoned its plan to take over U.S.-based Firstgold, sources reported.</P]<P]The U.S. Department of the Treasury pushed the U.S. government to block the acquisition because Firstgold has four projects in Nevada that are near Fallon Naval Air Station and other more sensitive military assets.</P]<P]Reportedly, the Chinese company inked an agreement with Firstgold in July this year to spend US$26.5 million for a 51% stake in Firstgold. The deal would have given the Chinese company mining rights in four ore fields that have a combined area of 430,000 square kilometers and an estimated gold reserve of 64,000 ounces.<BR]</P]
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Chinalco robe mariage -Rio Tinto deal approved by U.S. regulator

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Chinalco-Rio Tinto deal approved by U.S. regulatorPublished: 18 May 2009 00:20:51 PST<p class="authorInfor"]</p]<!--begin CK content--]<ul class="narrow"]Top 5 News From ChinaKnowledge.comChina Unicom officially launches 3G servicesHang Seng Index opens 321.99 points lower on MonHSBC Jintrust to launch large-cap equity fund in ChinaChina's fiscal revenue down 9.9% in Jan-AprCNOOC to invest RMB 30 bln in coal-to-gas project in Shanxi<P]May 18, 2009 (China Knowledge) - Aluminum Corporation of China (Chinalco) and Rio Tinto announced that their deal had received approval from the Committee of Foreign Investment in the United States (CFIUS), the official Xinhua News reported. </P]<P]The deal allows Rio Tinto to issue US$7.2 billion worth of convertible bonds to Chinalco and permit the Chinese company to make an indirect minority investment in Kennecott Utah Copper Corp.</P]<P]The two deals are part of the strategic investment of US$19.5 billion announced in February to help ease Rio Tinto's heavy debt and secure more resource for China.</P]<P]The deal is still waiting for the approval from the Foreign Investment Review Board (FIRB) of Australia, and the result is expected to be released in mid-June. </P]<P]The deal was approved by the Australian Competition and Consumer Commission on Mar. 25, and by the German Federal Cartel Office on Mar. 31. <BR]</P]
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Chinese stamping parts textile firms post profit of RMB 104.2 bln in Jan-Nov

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Chinese textile firms post profit of RMB 104.2 bln in Jan-NovPublished: 04 Jan 2009 01:06:01 PST<p class="authorInfor"]</p]<!--begin CK content--]
Jan. 4, 2009 (China Knowledge) - Profits of Chinese textile enterprises began to drop since the second half of last year due to the shrink external demands amid the global financial crisis, sources reported.</p]
Profits of major textile firms in the first 11 months of 2008 was RMB 104.2 billion, down 1.77% year-on-year, and the growth rate declined 38.76 percentages points from a year earlier, according to the National Bureau of Statisitics. </p]
Losses of textile firms surged 99.85% to RMB 22.75 billion during the period, compared with that of a year ago. </p]
It is estimated that China's exports for textiles and apparels would drop 30% in the first quarter of 2009.<br /]</p]<br /]Copyright &copy; 2008 www.chinaknowledge.com<br /]<br /]Send feedback or comments to: news@chinaknowledge.com<br /]<br /]For more news, financial weekly reports, business guides to China and other premium information, subscribe to China Knowledge today: <br /]<br /]To access our page on Bloomberg, type CKFI <go]<!--end CK content--]</go]<!-- right Begin --]Related TopicsChina News<br /]<map name="Map" id="Map"]</map]<!-- right end--]实验室工程 lithium polymer 乳化机 クレジット 現金化 インプラント Waterproof socks surge arrester