IN BRIEF (Page 18)

Hongyanhe's 4th reactor to go online soon

The latest unit of the Hongyanhe nuclear plant in Liaoning province is expected to enter full commercial operations within the year after the completion of its construction, China General Nuclear Corp said on Tuesday.

Alipay expands payment services in HK

E-commerce giant Alibaba said it will launch on Oct 13 its online payment service in Hong Kong in the local currency.

Bright Food unit buys stake in NZ meat processor

New Zealand approved on Tuesday the sale of a 50 percent stake in the country's largest meat processor, Silver Fern Farms, to a unit of China's Bright Food Group, enhancing the South Island-based company's access into the Chinese market.

Sinopec plant in Zhenhai eyes big role

Zhenhai Refining& Chemical Co, Sinopec's largest refining unit, plans to build itself into a world-class crude processing base, as it benefits from the refining business amid the biggest crude price slump in a generation.

Chinese lingerie brand makes global market debut at London Fashion Week

Chinese lingerie brand AtoG Lingerie, in collaboration with Annderstand, launched on Sunday four luxury custom-made undergarments at Fashion Scout during London Fashion Week, becoming China's first underwear brand to appear at international fashion shows twice in one year.

Siemens sees possible upside to full-year earnings

Siemens AG Chief Executive Officer Joe Kaeser said Europe's biggest engineering company may beat its earnings forecast for the fiscal year ending this month while the longer-term outlook is clouded by political concerns.

Sunac buys Legend's property assets for $2.1b

Sunac China Holdings Ltd plans to buy property assets including debt from Legend Holdings Corp for about 13.8 billion yuan ($2.1 billion).

AC Milan buyer to seek more investors to raise funds to close $830m deal

The Chinese consortium attempting to buy the AC Milan soccer team has been hunting for more investors since it agreed on a deal with Silvio Berlusconi's Fininvest SpA, people with knowledge of the matter said.

FAW Car to sell luxury brand unit

FAW Car Co Ltd plans to sell its Hongqi business, known for the Red Flag limousine used by Chinese political leaders, to its controlling parent automaker - hoping to reverse its $127 million loss by the end of the year.

Hong Kong-listed banks outperform on dividend draw

Chinese mainland investors are snapping up the shares of mainland-based banks listed in Hong Kong for their high dividends and low valuations, putting aside concerns for now over rising bad debts as the economy slows.

H shares gain most in two weeks in HK as buying resumes

Mainland stocks rebounded in Hong Kong, led by power companies, as mainland investors extended a buying spree following last week's holidays.