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Red chip companies will be considered as domestic for the purpose of investment in China’s ports, reported Ming Pao Daily, citing communications minister Huang Zhendong. Foreign investors are restricted to holding no more than 49 per cent in any port. Red chips, mainland-backed companies whose shares are listed in Hong Kong, include the likes of […]

The Chinese government is to spend Yn2bn on developing solar energy in the west of the country, reported China Daily. The vicedirector of the high-technology department of the State Development Planning Commission, Qi Chengyuan, said that the fund would help residents in places where there is no power transmission network to buy solar energy equipment. […]

Hongkong and Shanghai Banking Corporation is donating US$50m over five years to a programme called Investing in Nature. The money will be given as donations to three conservation charities, World Wildlife Fund, Botanic Gardens Conservation International and Earthwatch. Projects in China that will benefit include the restoration of river basin habitats in the Yangtze region […]

Shenzhen will spend Yn10.9bn this year on city infrastructure projects, South China Morning Post said. Some Yn1.6bn will be spent on transport, including the city’s railway system, the west link road connecting Shekou to Hong Kong and an underground tunnel at Lowu checkpoint. The city will also try to improve its cultural image by building […]

China will set aside Yn80bn this year to assist state-owned enterprises that are undergoing mergers and bankruptcies due to incurred losses, pollution or exhausted resources, China Daily reported Li Rongrong, minister of the State Economic and Trade Commission, as saying. Continued efforts will be made to invigorate small and medium-sized state-owned enterprises, and a law […]