Shimao Property Holdings Ltd, the Chinese developer controlled by billionaire Xu Rongmao, said 2007 profit rose 80 percent as it sold more apartments amid surging home prices in the world's most populous nation.
Since its inception in 1997, Star Alliance has grown into the world's largest airline alliance. Its 20 members now carry about 30 percent of all air travelers in the world every day.
Hong Kong stocks tracked regional gains to rise 1.6 percent yesterday, with Chinese oil giants Sinopec and PetroChina leading the climb on speculation the government could step in to help refiners trim losses.
By redefining the rules of competition in local markets, companies from China and other emerging markets are putting the expansion plans of many global industry leaders at risk, a report said.
PICC Property & Casualty Co, China's largest non-life insurer, fell the most in a month in Hong Kong trading after posting a second-half loss on higher expenses.
Once unpopular wealth management products with a lower degree of investment risk are gaining popularity in the face of bearish domestic and global equity markets.
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Raymond Zhou
Op Rana
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Chen Weihua
