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Guangzhou Makes Grant Plans for Financial Services
(Jul 06, 2011) Guangzhou, Guangdong Province aims to build a financial centre connecting southern China with Hong Kong and Macau by 2020. The financial department of Guangzhou has announced two documents that spell out the city's intention to build a modern, multiple, differentiated and international financial centre. To lift its international financial status, ...
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China Merchants Shekou Buys Land for Mother Port
(Jul 06, 2011) China Merchants Shekou Industrial Zone Co. Ltd. has snapped up the piece of land, K202-0014 in Taiziwan, Shekou, for RMB6.439 billion which was also the base price. The plot of land is located in Shekou's commercial and port district where mixed commercial and residential facilities, warehousing and storage, and port ...
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Fujian Invests RMB30Bn in Spa Resort Tourism
(Jul 05, 2011) Fujian Province has created a spa and hot spring resort tourism industry after investing over RMB30 billion in spa and hot spring facilities across the province. Fujian has named six key tourism promotional and construction projects for 2011, of which investment in hot spring projects amount to a total of ...
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Shanghai Forms Automobile Service Industry Fund
(Jul 05, 2011) China Machinery Industry Federation and the District Government of Jiading City of Shanghai are going to form an automobile industry development fund that supports automobile services. The automobile industry development fund, operated and managed under the name of China Machinery Equity Investment Fund, expects to raise RMB5 billion in its ...
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Shandong's Jinan May Form Public Housing Financing Unit
(Jul 03, 2011) Jinan City, Shandong Province pioneers in guaranteeing the quality of public rental housing for life. Jinan is ready to start building 23,000 public rental housing units by the end of this August and will hold officials and relevant groups accountable for the quality of rental housing for life. The city ...
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China Regulates Overseas Activities of Financial Derivatives
(Jun 27, 2011) Starting from July 1, Chinese state-owned enterprises will need to seek approval or report their overseas transactions of financial derivatives to the State-owned Assets Supervision and Administration Commission of the State Council (SASAC). SASAC has just passed a new management method that regulates the overseas activities of financial derivatives of ...
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Beijing Environment Exchange Listing RMB15Bn Projects
(Jun 27, 2011) A total of 11 CDM (clean development mechanism) projects containing a total of 1.8 million tons of carbon emission have been transacted at China's Beijing Environment Exchange in the past three years, promoting the adoption of a clean environment in a commercial way. The Second Annual Earth Temple Forum 2011 ...
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Shanghai Made Banks' Second Headquarters
(Jun 24, 2011) State-owned Chinese banks are planning to set up their second headquarters in Shanghai, spinning off their non-loan and financial businesses. Bank of China, Industrial and Commercial Bank of China (ICBC), China Construction Bank, and Agricultural Bank of China all share the notion of setting up their second headquarters in Shanghai ...
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China Unionpay Extends Cooperation in Taiwan
(Jun 23, 2011) China Unionpay will expand the scope of services in Taiwan after the two shores have extended cooperation in tourism and financial services. Along with the Chinese government's approval to let citizens in Beijing, Shanghai and Xiamen, Fujian Province to visit Taiwan on an individual traveling base later this year, China ...
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Local Governments Lack Cash for Protective Housing
(Jun 23, 2011) Local governments in China are digging everywhere for money that is needed to finance the construction of protective housing mandated by the central government. Among some of the financing cases is the controversial use of city provident fund for financing of protective housing in Wuhan, Hubei Province. The Huangshi city ...
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