China News Direct

 
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New human resources ministry to improve labour allocation
(Mar 12, 2008) China will create a new body for work concerning livelihood of the population in the current-round of government institutional restructuring, which is proposed at the First Session of the 11th National People's Congress on 11 March. The new body, to be named the Ministry of Human Resources and Social Security, ...
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China to form a super construction ministry
(Mar 12, 2008) During the First Session of the 11th National People's Congress on 11 March 2008, China's State Councilor and Secretary-General of State Council Hua Jianmin announces the establishment of a 'super ministry' for urban development. The new ministry, to be called the Ministry of Housing and Urban-Rural Construction, will replace the ...
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R&F Properties to list before June 08
(Mar 12, 2008) Guangzhou R&F Properties Company Limited plans to operate up to 17 hotels in the coming three to five years and hopes to go public in the Chinese A share market within the coming two months. In 2008, R&F Properties will focus on developing hotel businesses with offices, shopping malls and ...
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Cross-strait co-owned insurance company to open in Xiamen
(Mar 12, 2008) China Insurance Regulatory Commission (CIRC) has given Taiwan Life Insurance Company and Xiamen C&D Inc. the green light to form the first cross-strait joint life insurance company in Xiamen. The joint venture will start operation in September 2008. Xue Jiang, Deputy Director of Xiamen Insurance Regulatory Bureau, says that the ...
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Shanghai Huigang wins RMB1.1bn land for commercial use
(Mar 12, 2008) Shanghai Huigang Real Estate Development, a subsidiary of Franshion Properties (China), has won a land bid in the Hongkou District of Shanghai with RMB1.12 billion. Lot and building areas of the site are 13,039 square metres and 73,790 square metres respectively where Shanghai Huigang plans to build commercial properties and ...
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Zhejiang Securities plans spin-off for listing
(Mar 12, 2008) Zhejiang Securities, a subsidiary of Zhejiang Expressway Company, plans to invite strategic investors and to spin-off for listing to speed up business development. Fang Yunti, Executive Director and General Manager of Zhejiang Expressway, says the subsidiary is currently negotiating with 4 to 5 potential investors and there is no schedule ...
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Fubon Bank HK prepares for expansion in China and Taiwan
(Mar 12, 2008) Fubon Bank (Hong Kong) Limited, a subsidiary of Taiwan-based Fubon Financial Holding Company Limited, aims to facilitate business development in the mainland China and Taiwan. Direct access between China and Taiwan can encourage trade and investment flow between China, Hong Kong and Taiwan, says bank managing director and also chief ...
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Xiamen targets 15% GDP growth in 2008
(Mar 12, 2008) The city of Xiamen sets a 2008 GDP growth goal of 15% to have both urban per capita disposable income and rural per capita net income growths of 11%. The city's government departments will reduce GDP energy consumption by 2.52%, sulphur dioxide emission by 1.1% and chemical oxygen demand by ...
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Playmates continues toys and real estate businesses
(Mar 12, 2008) Hong Kong-based Playmates Toys Limited forecasts '08 turnover will improve. By the end of 2007, annual loss attributable to shareholders was HK$33.585 million. Lou Novak, president of Playmates Toys, expects '08 turnover result will depend on the performance during peak seasons in year end. It will be hard to forecast ...
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Regal Hotels to open 20 hotels by 2013
(Mar 12, 2008) Regal Hotels International Holdings Limited plans to develop up to 20 hotels in China and Hong Kong within the coming five years. Regal Hotels has started developing the Chinese hotel market from 2007. At present, the hotel group has opened 7 hotels in Hong Kong and China. Two hotels situate ...
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