China News Direct

 
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DBS Bank Weighs up Greater China Market
(Feb 09, 2010) DBS Bank may choose between Hong Kong and Shanghai as the second place for a listing but detailed proposals are not yet available as the bank has no funding pressure at present, says Gupta, Chief Executive Officer of DBS. Hong Kong is one of DBS Bank's most important markets while ...
Price: USD $17.50
 
   
Mainland Banks' Entry to Taiwan is Gradual
(Feb 09, 2010) Mainland Chinese banks' entry into the Taiwanese market would not stir up fundamental or structural changes, says Standard & Poor's (S&P's) in a recent report. The opening of the financial market across the Strait will not strike the structure of the banking industry in Taiwan at least in the short ...
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HSBC Opens First Branch in Anhui's Hefei
(Feb 08, 2010) HSBC Bank (China) Co., Ltd officially opened a bank branch in Hefei of Anhui Province on 8 February 2010. The Hefei branch will provide both corporate and personal banking, tailor-made to fit local Chinese and foreign enterprises operating in the region. Vincent Cheng, chairman of HSBC said, the bank would ...
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UBS: Housing Price To Get Back to 1997 Level
(Feb 08, 2010) UBS holds an optimistic attitude towards property prices in Hong Kong in the next two years, forecasting property price and rental rate of residential housing and office buildings to rise 35% and that of shops to climb 15%. UBS attributes the skyrocketing prices to the low lending rate climate in ...
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Affordable Housing Should Be the Backbone
(Feb 08, 2010) The Chinese central government should lift the proportion of affordable housing to 50% or 60% of total new housing areas from 2010 to 2015, says Li Qingyun, Counselor of the State Council and also a professor of Peking University. Affordable housing should become the economic backbone in pulling growth of ...
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Investment, Consumption and Exports Keep China's Growth up 10%
(Feb 07, 2010) Chinese Academy of Social Sciences (CASS) issued its forecast on China's economy on 6 February 2010 that China's GDP would grow about 10% this year in a moderate rising trend. CASS estimated investment, consumption and net exports to drive 6.3%, 4.2% and -0.5% of GDP growth in 2010, when GDP ...
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Jiulongpo To Sign up RMB30bn Investment
(Feb 06, 2010) Jiulongpo, southwest China's Chongqing Municipality sets the investment target of 2010 at RMB30 billion, with industrial investment at RMB10 billion and total industrial output value at RMB11 billion, says Liu Guangquan, Governor of Jiulongpo District, Chongqing. The government aims to fulfill the GDP growth of 13% in 2010 and tries ...
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Shanghai's Pudong Ready in REIT Trial Run
(Feb 06, 2010) China Banking Regulatory Commission (CBRC) would launch the Real estate Investment Trusts (REITs) within this year and sources revealed Shanghai Pudong International Trust's REITs proposal was the most explicit. Sources close to CBRC said the REITs proposal by Shanghai Pudong International Trust would establish a trust for property assets owned ...
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SIC: GDP To Grow 11.5% in 1Q 2010, CPI 2.5%
(Feb 06, 2010) China's economy is expected to continue reviving in the first quarter of 2010, delivering a GDP growth of 11.5% year-on-year, and yet the development of investment and consumption are likely to slow down, according to the report released by State Information Centre (SIC) on 5 February. SIC forecasts CPI to ...
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Dongguan's Chang'an Rebuilds Roads For Trade And Services
(Feb 05, 2010) Dongguan City's Chang'an Town plans to build a 60-storey building with floor areas of 90,000 sq meters, the highest one in the Pearl River Delta region. The project carries an investment of RMB5 million, paving the way for the transformation of the town's economic development to a business- and trade-oriented ...
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