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Posts From South China Morning Post

Mengniu Dairy’s interim profit hit hard by bruising price war

China Mengniu Dairy, the country’s second largest milk and dairy producer, delivered a worse-than-expected double digit drop in interim net profit on Thursday, as its stellar premium milk and yoghurt

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Eerie market calm could end with a bang

During the dog days of summer, trading volumes in stock markets are thin as investors head for the beaches to clear their heads.

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Hong Kong broadcaster TVB reports 30pc decline in operating profit on lower ad spending

Hong Kong broadcasting giant TVB reported a net profit decline of 74 per cent as a result of a gain on the disposal of a Taiwanese production company that was

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China imposes cap on peer-to-peer loans to rein in runaway ‘shadow banking’ scams

China’s banking regulator has imposed a cap on the country’s peer-to-peer loans, in a long-awaited move to rein in runaway lending by so-called shadow banks and defuse their potential threat

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China chalks up symbolic victory by persuading World Bank to issue low-yield SDR bonds

The World Bank will next week launch a bond in China which is denominated in the International Monetary Fund’s special drawing rights (SDR) and can be repaid in Chinese renminbi.

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Citic’s net profit down 58 pc on sour stock market sentiment

Citic Securities, China’s largest brokerage, saw net profit tumble by more than half as last year’s mainland stock crash and a short-lived circuit breaker system in January hit market sentiment.

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Agile aims to sell Guangzhou apartments at double the market rate

Agile Group Holdings Ltd., owner of the most expensive plot of land in G

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Alibaba expands cloud services with online SAP software

Alibaba Cloud (AliCloud), a subsidiary of e-commerce powerhouse Alibaba Group, is set to introduce three major online enterprise applications from German software giant SAP by the end of this year,

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Alibaba Pictures invests 1b yuan for 80pc stake in Hangzhou cinema operator

Alibaba Pictures, the entertainment arm of e-commerce juggernaut Alibaba, will spend 1 billion yuan (US$154 million) for an 80 per cent stake in a Hangzhou cinema company as it looks

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SFC fines Morgan Stanley HK$18.5 million for control failures

The Securities and Futures Commission on Wednesday fined Morgan Stanley Hong Kong Securities HK$18.5 million for internal control failures between 2010 and March 2016.

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