Chongqing

SINGAPORE (May 9): Phillip Capital is upgrading its call on Sembcorp Industries to “buy” with a lower target price of $3.83 compared to $3.86 previously due to the higher expected return from the counter’s last closing price of $3.06.

SINGAPORE (May 2): RHB is downgrading its call on Raffles Medical Group (RMG) to “sell” from “neutral” with an unchanged $1.02 target price.

(July 17): Sun Zhengcai, who was abruptly replaced as Communist Party chief of the Chinese city of Chongqing, is under investigation for violating party regulations, according to four officials with knowledge of the matter.

(Jan 25): Sembcorp Industries announced that its power plant in Chongqing has successfully started full commercial operation following the completion of its second 660-megawatt unit.

SINGAPORE (Jan 13): OCBC Bank’s business in Chongqing has received a strong boost from the Chongqing Connectivity Initiative (CCI), in the one year since the unveiling of the third government-to-government bilateral project between Singapore and China.

SINGAPORE (Nov 21): Singapore Airlines’ regional airline SilkAir has launched its new flight to Fuzhou, China, the eighth Chinese city in its route network after Changsha, Chengdu, Chongqing, Kunming, Shenzhen, Wuhan and Xiamen.

SINGAPORE (Nov 10): CapitaLand today announced its wholly-owned serviced residence business unit, The Ascott Limited, will be expanding its presence in China after inking contracts to manage eight new serviced residents in China’s cities of Beijing, Cho