Financial companies lead declines in Hong Kong stocks

Hong Kong stocks dropped for a third day, led by financial companies, amid concerns that a flood of inflows from the mainland will dry up, the yuan will weaken further and higher US interest rates will weigh on the city's property market.

Sweden's Volvo CE advances innovation

As the chief of a leading Swedish construction machinery maker with strong links to China, Volvo Construction Equipment President Martin Weissburg said continuous investments in innovation were continuing to pave the way for a sustainable construction industry.

Starbucks brings movie narrations to the blind

The voice of Zheng Tao is familiar to his visually impaired friends because the district manager at Starbucks Beijing has narrated films for them for six years.

P&G's Whisper promotes girlpower

Whisper, a feminine care brand owned by global household giant Procter & Gamble Co, is seeking to expand the influence of its LIKEAGIRL campaign by donating over 758,760 sanitary pads to 4,187 girls in China who were left-behind while their parents went to work in big cities.

IN BRIEF (Page 18)

Gezhouba bets big on green industries

China Gezhouba Group Co, a company that worked on the construction of the Three Gorges dam, is aiming at the waste management sector to continue its growth, as overcapacity caps most of its current businesses.

Sanan in talks with Osram on potential deal

Chinese lighting maker Sanan Optoelectronics Co Ltd has announced it has had talks with Germany's Osram Licht AG about a potential acquisition, although discussions were in the very early stage and no details were finalized.

Industrial stocks rise, banks fall

Chinese stocks advanced to a one-month high on Tuesday after the nation's top economic regulators announced the debt-to-equity swaps program to resolve the nation's rising corporate debt issues.

ZTO Express makes move to list in New York

Chinese express delivery services provider ZTO Express Co, one of Alibaba Group Holding Ltd's logistics partners, has submitted a filing for an initial public offering on the New York Stock Exchange, in a move to raise $1.5 billion.

CCB announces to set up debt-to-equity swap program

China Construction Bank Corp announced on Tuesday that it has established a 24-billion-yuan ($3.57 billion) transformation and development fund jointly with Wuhan Iron and Steel (Group) Corp to reduce the company's leverage, mainly through debt-to-equity swaps. So far, the company has received half of the fund's amount.

Special steelmaker files for bankruptcy

Dongbei Special Steel Group Co Ltd, a State-owned steelmaker in northeastern China, started bankruptcy proceedings on Monday.

Fuyao commits to $1b US investment

Chinese investments in the United States automotive industry continues to grow with a subsidiary of Fuyao Glass Industry Group, the world's leading automotive glass manufacturing company, planning to invest $1 billion in facilities there.