Topic

China State Construction Engineering
Advertisement

Despite an inquiry into the Sars outbreak highlighting the need for such premises, there is now a rush to put facilities in place with questions being raised over where money is coming from.

videocam
  • Many Chinese developers in Australia and New Zealand have closed or scaled back, amid a property crisis in China, weak demand and higher construction costs
  • Chinese property development in Australasia soared around 2013 at the height of China’s ‘go out policy’ that prompted Chinese firms and citizens to seek overseas investments
videocam

Environment, social and governance (ESG), close to the forefront of corporate priorities in the world’s boardrooms, has also made its impact felt at the awards.

The commission administering China’s largest state firms has cautioned them to control and prevent risk in their financial subsidiaries and operations, a sign of heightened focus on systemic shortfalls as debt burdens continue to plague smaller institutions.

videocam
Advertisement
Advertisement

CNOOC Group, Sinopec Group and CNPC were added to the Ukrainian government’s register, which Kyiv claims is used by banks and insurance companies for risk assessments.

Hong Kong-based GX Foundation sends medical teams to perform cataract surgery in developing countries from Djibouti to Laos, while China’s SOEs provide support for patients.

videocam

State-owned outlet says foundation pillars for a rail bridge were shorter than the design length and accuses a construction firm of cutting corners.

videocam

Both are suffering a severe currency crisis fuelled by unsustainable spending and unaccountable borrowing from lenders that include the IMF and China. But the austerity creditors are calling for has its own consequences.

The company, one of China’s top home sellers, redeemed a 1.5 billion yuan (US$207 million) bond due this month, according to a late Wednesday filing with the Hong Kong exchange.

Secretary for Security Chris Tang showcases new isolation facility in Kai Tak, says he hopes coronavirus patients can find ‘a little sweetness in the bitterness’.

Listed companies globally are putting greenhouse-gas emissions into the atmosphere at a rate that would warm the planet by 2.9 degrees Celsius, far above a crucial 1.5-degree target, according to MSCI.

videocam

There are 175 so-called red-chip stocks listed in Hong Kong. Some of the biggest names include the holding companies for Bank of China’s local operations, conglomerate Citic and developer China Resources Land.

videocam

City leader notes downward trend in infections but warns that a rebound could still surface, mentions also that those infected in fifth wave to be excused from testing in building lockdowns.

Security Bureau’s Keith Lau says anti-epidemic task force has been sourcing for items such as books and toys to cater to residents quarantined at isolation centres.

videocam

Francis William Haden claimed he was the victim of prejudice at Leighton Contractors (Asia), but judge rules no basis existed to suggest use of the word in the workplace must entail racial hostility and company had reasonable grounds to sack him.

videocam

State-backed companies are coming to the rescue of beleaguered Chinese developers pushed to the edge of ruin by Beijing’s ‘three red lines’ borrowing restrictions.

videocam

Hanging in the balance are the future of Beijing’s cooperation mechanism in Central and Eastern Europe, and hopes of mending EU relations.

videocam