China News Direct

 
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Shanghai To Fully Develop Aircraft And Ship Financing
(Sep 24, 2009) Shanghai will lead the development of an aircraft and ship financing and leasing market, propelling its new energy and ocean engine and equipment industry. Shanghai's deputy mayor Tu Guang-shao said the city welcomed both the participation of local and foreign investors in propelling the formation of an equipment financing and ...
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Zhuhai Lowers Infrastructure Tender Threshold to RMB10mn
(Sep 23, 2009) Zhuhai and Hengqin in Guangdong province will relaunch the tender of its city infrastructure construction work on September 30, lowering the tender entry requirement to let private enterprises in. The Zhuhai-Hengqin BT (build and transfer) city infrastructure project is worth RMB12.6 billion and it is the second time the tender ...
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State Council Outlines Six Key Measures for SMEs
(Sep 23, 2009) The State Council is carrying out a special-topic study to see how to help SMEs and it is going to announce a set of six supportive measures. Minister of Industry and Information Technology Li Yi said in the 6th China International SME Expo held in Guangzhou that SMEs faced a ...
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Shenzhen Approves SME Development Banks
(Sep 22, 2009) The Shenzhen government encourages individuals and companies to set up SME development banks, widening the scope of its financial services. The National People's Congress of Shenzhen is in the process of legislating a draft rule that allows individuals, legal person entities and other organizations to form SME development banks in ...
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State Development Bank To Vet RMB790mn Taiwanese Project in Dongguan
(Sep 16, 2009) The Guangzhou branch of State Development Bank of China is going to partially fund the construction of Global Economic and Trade Centre in Dongguan which will be the fifth tallest commercial building in China. Global Economic and Trade Centre is initiated and developed by Taiwanese merchants and manufacturers operating in ...
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China's Residential Property Market Valued at Two Times GDP
(Sep 16, 2009) The Chinese residential property market may have a total value of over RMB90 trillion which is over two times the country's current GDP value. A report by China Securities Journal quoting figures from National Bureau of Statistics said up to now, China has total residential construction floor areas of 17.514 ...
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Users and Investors Keep Property Demand up in China
(Sep 10, 2009) Demand for properties will continue to be strong in both first-tier and second-tier cities in China, supported by end-users and investors. At the 2009 International Property Investment Summit held in Xiamen, Fujian province, real estate experts see that two major forces were supporting the buoyant property market in the first ...
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RMB684mn Fake Yuan Uncovered in 2009
(Sep 10, 2009) People's Bank of China (PBOC) has seized RMB684 million of fake currencies so far in 2009, finding half of these fake notes in Guangdong. The latest information released by PBOC said the creation and use of fake currency has been concentrated in provinces with strong and active economic activities such ...
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ICBC Opens Precious Metal Division in Shanghai
(Sep 10, 2009) Industrial and Commercial Bank of China (ICBC) has formed a precious metal business division in Shanghai, aggregating all of the bank's precious metal business. The precious metal division, the first of its kind in China, will provide precious metal proprietary trading, commissioning, sales and purchasing, settlement, storage and delivery, and ...
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Dalian To Launch More Commodities Futures
(Sep 10, 2009) Liaoning's Dalian is positioning itself to be the financial and shipping centres of northeast China and it is applying for the launch of more commodity futures products. Deputy Mayor of Dalian, Dai Yu-lin, said to broaden its product coverage, Dalian was planning to add more futures like agricultural and petrochemical ...
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