Hong Kong-listed China Resources Enterprise Limited has announced that it will exchange assets with its parent company, China Resources Group. Under the exchanges, China Resources Enterprises will gain 75 Home World hypermarkets as well as a brewery in Shandong from China Resources Group; in return, it will hand over its non-core businesses of textiles and container [...]

According to reports in local media, Taiwan-based supermarket retailer Rt-Mart plans to open its first outlet in Beijing and this new supermarket will be located in Beijng's Chinatown Shopping Plaza. One of the world's largest supermarket chain retailers, Rt-Mart entered the mainland China market in 1997 and by the end of 2008 it had opened 102 [...]

Tingyi (Cayman Islands) Holding Corporation, a subsidiary of the Taiwan Ting Hsin International Group, and the owner of the Master Kong brand, has published a report and stating that the company plans to be listed in Taiwan. The company stated its applications for the issue of a Taiwan Depositary Receipt and for its listing on the [...]

The international food and beverage giant Yum! Brands plans to acquire an additional 7.3% stake in the Chinese hot pot restaurant chain Little Sheep after taking a stake of over 20% in the company earlier this year. According to a report published by Little Sheep, Yum! has made provisional plans to buy 75,042,456 shares at the [...]

Hong Kong-based apparel retailer Bossini has published its annual financial report for the year ending June 30, 2009, stating that mainland China was Bossini's only marketplace that saw revenue growth over the period. During the fiscal year end June 30, 2009, due to the impact of the global financial crisis Bossini's annual revenue decreased by 3% [...]

Ermenegildo Zegna, a leading multinational in men's luxury clothing and one of the oldest business families in Italy, has located its first Chinese mainland global concept store at Lippo Plaza, Luwan district, Shanghai. This new store in Shanghai is reported to be the fifth Zegna global concept store designed by architect Peter Marino, following those in [...]

Hong Kong-based New World Department Store has published its annual report for its 2008-2009 fiscal year, showing that its net profit was HKD547 million, a year-on-year increase of 14.8%. According to the report New World Department Store's, total revenue increased by 15.6% year-on-year from HKD1.489 billion to 1.721 billion during the fiscal year; its operating profit [...]

Rt-Mart, the supermarket retail investment of Ruentex Group, has announced plans to merge with the French retail group Auchan and the two may launch an IPO in Hong Kong in 2010. Ruentex Group said the two parties are still in negotiation and if they reach an agreement, their cooperation will be limited to the Chinese mainland [...]

Hong Kong-listed Maoye International Holding Limited has opened a new department store in Nanshan, Shenzhen. With a total investment of CNY1 billion, this new department store is the company's 20th outlet in China. Prior to this, Maoye International opened two department stores in Dongmen and Huaqiangbei, in Shenzhen. The Maoye Nanshan department store covers a business [...]

pa href="http://feedads.g.doubleclick.net/~a/qn4KtHEV6yUP8xPc6t0PUEMs7Xs/0/da"img src="http://feedads.g.doubleclick.net/~a/qn4KtHEV6yUP8xPc6t0PUEMs7Xs/0/di" border="0" ismap="true"/img/abr/ a href="http://feedads.g.doubleclick.net/~a/qn4KtHEV6yUP8xPc6t0PUEMs7Xs/1/da"img src="http://feedads.g.doubleclick.net/~a/qn4KtHEV6yUP8xPc6t0PUEMs7Xs/1/di" border="0" ismap="true"/img/a/pWhile I am still a longer-term bull given the intermediate trend is still up, short-term sentiment has clearly turned negative. My indicator for short-term sentiment is the the 32-day moving average at 1,036 on the Samp;P 500, which was already breached last week. The intermediate trend support on the other hand is marked by the 130-day moving average, which is currently at about 952. For me to change my longer-term bullish perspective, this intermediate support has to break. For now I would acknowledge the reversal in short-term sentiment (bullish to bearish), but expect any down moves to be choppy due to huge amounts of money that have missed this rally and are looking to get in at lower levels. For now, based on Fibonacci Retracement, the near-term supports are more or less at about 1,000 to 1,010. ...