介绍:
China's House Prices Rise In March
New data shows house prices have increased in almost all major Chinese cities through March.
Prices have increased in 69 of the 70 cities surveyed by the National Bureau of Statistics.
Wenzhou is the only city to report annualized prices declines, which are down by 3.9-percent compared to March of last year.
House prices in Beijing have gained 10.3-percent through March.
Prices in Shanghai are up 13.1-percent.
Shenzhen has seen home prices rise 12.8-percent last month.
Compared to February, house prices have increased in 56 cities and declined in 4 through March.
Other 10 cities showed no change in house prices on a month-by-month basis.
Beijing Streamlines Banks' Cooperation with Third-Party Payment Agencies
Chinese banking regulators are moving to try to streamline cooperation between commercial banks and third-party payment firms to better protect customers' information.
The China Banking Regulatory Commission and the People's Bank of China are moving to ensure people's identities are verified by both banks and third-party payment firms, especially when there are transfers of large sums of money.
In addition, banks and third-party payment firms are being told to toughen up their internal risk controls, with extra emphasis on large or unusual fund transfers.
Banks are also being told to set up safeguards to prevent 3rd party payment agencies from allowing trans-border access.
Weibo shares surge on US debut, despite low opening price
The share price of Sina Weibo has risen by almost 20-percent on its first trading day on the NASDAQ, despite a poor showing in its IPO.
The company's initial float raised a less-than-expected 286-million US dollars.
However, investors have since flocked to the shares, which ended Thursday's trading at 20-dollars-24-cents after opening at 17 US dollars.
Weibo's IPO is being viewed as a test of demand for Chinese internet stocks ahead Alibaba's impending listing in New York.
China's internet market is the world's largest, with more than 500 million users.
Corp news with Doug Young
Anchor:
It's been another busy week for corporate news here in China, with a mainland video and internet company planning a move into Hong Kong.
And at the same time, CITIC is shifting some stock and cash within its own organization.
The Beijing Hour's Shane Bigham spoke earlier with Doug Young, associate professor at Fudan University and former China company news chief at Reuters.
…
Doug Young, associate professor at Fudan University and former China company news chief at Reuters, speaking with The Beijing Hour's Shane Bigham.
China Unicom Q1 profits up 73.7 pct
China Unicom is reporting its net profits have jumped nearly 74-percent during the first quarter.
Net profits for this country's 2nd largest telecom operator have hit 1.1 billion yuan through the first 3-months.
Unicom's revenues are up over 8-percent to almost 79 billion yuan.
Mobile services profits are up 15.6-percent through Q1.
Revenues from fixed-line services are up nearly 6-percent to 24 billion yuan in the first quarter.
The company is also reporting its new mobile phone users hit 8.7-million in the first quarter.
China Unicom has around 290 million mobile subscribers.
ZTE net profits triple in Q1
Chinese telecom manufacturer ZTE has seen its net profits triple through the first three months of this year.
ZTE has brought in 622-million yuan worth of net profits in the first 3-months.
This marks an increase of more than 200-percent on an annualized basis.
The company is pointing to a significant increase in the value of its international contracts for the major jump in profits.
Chinese liquor giant Wuliangye reports 19.8-pct profit drop
Another Chinese liquor maker is reporting a downturn in profits.
This time, Wuliangye is reporting a nearly 20-percent decline in net profits last year.
The firm, based in Yibin in Sichuan, still pulled in nearly 8-billion yuan in profits through the whole of 2013.
The company is blaming the downturn in last year's profits on a couple of key factors, including the party-driven austerity campaign.
The company also notes the whole of the Chinese liquor industry is going through a restructuring after close to a decade of unprecedented growth.
Wuliangye's revenues for last year came in at just under 25-billion yuan, which is down over 9-percent from 2012.
Morgan Stanley's profits jump but Goldman Sachs's fall
US banking giants Goldman Sachs and Morgan Stanley are reporting contrasting results for their respective first quarters.
Goldman Sachs' net earnings have fallen to 2-billion US dollars from 2.3-billion after a drop in revenues from its bonds, currency and trading business.
But at the same time, Morgan Stanley's profits have risen to 1.45-billion.
This compares to 981-million earned during the same period a year ago.
In the first quarter, Goldman Sachs' revenues from fixed income, currency and commodities trading declined 11-percent to 2.85 billion compared with a year earlier.
However, the bank's net revenues from investment banking have come in 13-percent higher.
Meanwhile, Morgan Stanley's trading, mergers and acquisition and stock sales division grew the most during its first quarter.
The bank's strong results come after a fourth-quarter downturn in bond trading revenues that more than halved its earnings through the end of last year.
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