Clare's Feed
Jul 30, 2014

Insight – In China food testing, safety inspectors are often one step behind

SHANGHAI/HONG KONG (Reuters) – When inspectors visited Shanghai Husi Food Co Ltd earlier this summer, the production line at the plant now at the centre of an international food scandal appeared in good order, with fresh meat being handled by properly-attired workers and supervisors keeping a watchful eye over the process.

However, if they had arrived unannounced a day before, they would have found piles of blue plastic bags filled with out-of-date meat stacked around the factory floor, a worker at the facility told Reuters, adding the old meat was often added back into the mix to boost production and cut costs.

Jul 29, 2014

In China food testing, safety inspectors are often one step behind

SHANGHAI/HONG KONG, July 30 (Reuters) – When inspectors
visited Shanghai Husi Food Co Ltd earlier this summer, the
production line at the plant now at the centre of an
international food scandal appeared in good order, with fresh
meat being handled by properly-attired workers and supervisors
keeping a watchful eye over the process.

However, if they had arrived unannounced a day before, they
would have found piles of blue plastic bags filled with
out-of-date meat stacked around the factory floor, a worker at
the facility told Reuters, adding the old meat was often added
back into the mix to boost production and cut costs.

Jul 28, 2014

China brands beat global rivals with tea toothpaste & pickled plums

SHANGHAI/HONG KONG, July 29 (Reuters) – With green-tea
flavoured toothpaste and pickled plum juice, an army of Chinese
retailers is tapping local tastes to whittle away market share
from global rivals that are banking their future growth on the
world’s second-largest consumer market.

Senior executives at companies such as The Coca-Cola Co
, Procter & Gamble Co and Colgate-Palmolive Co
are being forced to adapt as the challenge posed by local
firms intensifies in a slowing economy.

Jul 15, 2014

Hong Kong’s leader says Chinese rules to prevail in 2017 vote

HONG KONG (Reuters) – Hong Kong’s leader told Beijing on Tuesday that the city’s residents wanted a full election in 2017, but said the financial hub would have to abide by the restrictive framework set down by China’s Communist authorities.

Chief Executive Leung Chun-ying offered no firm proposal, but said the contest would be run according to the “Basic Law”, or mini-constitution, that has governed Hong Kong since Britain returned it to Chinese rule in 1997, rather than international standards.

Jul 4, 2014

Hong Kong police charge pro-democracy march organizers

HONG KONG (Reuters) – Five organizers of a massive pro-democracy rally in Hong Kong were charged by police on Friday with a range of minor offences, as pressure builds on Communist Party rulers in Beijing to introduce political reforms in the former British colony.

Tuesday’s pro-democracy march, which organizers said attracted more than half a million people, and a subsequent sit-in by mainly student groups rank among the biggest challenges yet to China which resumed control over the former British colony on July 1, 1997.

Jul 2, 2014

Hong Kong protesters lifted kicking and screaming from downtown rally

HONG KONG, July 2 (Reuters) – Hundreds of Hong Kong police
forcibly removed kicking and screaming protesters from the
Central business district on Wednesday, holdouts of a mass rally
demanding greater democracy from Communist Party rulers in
Beijing.

The pro-democracy march on Tuesday, which organisers said
attracted more than 510,000 people, and a subsequent sit-in by
mainly student groups could be the biggest challenge yet to
China which resumed control over the former British colony on
July 1, 1997.

Jul 2, 2014

Hong Kong police clear last kicking and screaming protesters

HONG KONG (Reuters) – Hundreds of police forcibly removed kicking and screaming protesters from the Central business district on Wednesday, holdouts of an all-night sit-in on the heels of a mass rally demanding greater democracy from Communist Party rulers in Beijing.

The pro-democracy march on Tuesday, which organisers said attracted more than 510,000 people, and the subsequent sit-in by mainly student groups could be the biggest challenge yet to China which resumed control over the former British colony in 1997.

Jul 1, 2014

Passions run high as Hong Kong marches for democracy

HONG KONG (Reuters) – Hundreds of thousands of pro-democracy protesters marched in Hong Kong on Tuesday, many calling for the city’s leader to be sacked, in what could turn out to be the biggest challenge to Chinese Communist Party rule in more than a decade.

Hong Kong Chief Executive Leung Chun-ying said his government would do its “utmost” to move towards universal suffrage and stressed the need for stability after nearly 800,000 people voted for full democracy in an unofficial referendum last month.

Jun 20, 2014

Audit firm EY appealing HK court ruling that says China law does not protect papers

HONG KONG, June 20 (Reuters) – Audit firm EY said
on Friday it would appeal a Hong Kong court’s ruling that
Chinese law does not protect the working papers of mainland
companies and suggested the regulator in Beijing deal directly
with its counterpart in the former British colony.

The audit firm said it would give relevant records located
in Hong Kong to Hong Kong’s Securities and Futures Commission
(SFC). It added that it had already turned over working papers
on former client Standard Water that were located in China to
the China Securities Regulatory Commission (CSRC), and that EY’s
preference was for the CSRC to give those papers to the SFC.

May 23, 2014

Hong Kong court orders EY to hand over mainland China audit papers

HONG KONG, May 23 (Reuters) – A Hong Kong court has ordered
auditor EY to hand over documents related to a former
Chinese client in a boost for international regulators seeking
access to the books of mainland China companies listed outside
their home territory.

In a case filed by Hong Kong’s Securities and Futures
Commission (SFC) in 2012, the court on Friday rejected EY’s
contention that Chinese law prohibits the mainland partner of
the firm previously known as Ernst & Young from passing on
documents.

    • About Clare

      "I am based in New York and write about IPOs and wealth management. I was formerly based in San Francisco, where I wrote about tech companies."
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