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Chinese funds net asset topped RMB3,200 billion in 2007
(Jan 04, 2008) The net asset of fund management companies in China reached RMB3,190 billion in 2007 yearend, according to Wind Information Corporation, a Chinese financial data provider. The figure, excluding qualified domestic institutional investor (QDII) products, jumped 264% as compared with the corresponding period of 2006. The 20 strongest fund management companies, ...
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RMB20bn Chinese properties for Hong Kong in 2008
(Jan 04, 2008) Land Power International Property Consultants (China) forecasts Hong Kong residents will take up 23,800 to 24,800 apartments in China in 2008 with an investment of RMB19.2 billion, up 16% from 2007. Hong Kong residents spent RMB16.6 billion in 2007 on about 23,700 apartment units in China, up 13% from 2006, ...
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Yanlord Land builds high-class apartments in Shanghai
(Jan 04, 2008) Yanlord Land Group, a property developer based in China, acquired a residential land site in Shanghai city on the last day of 2007. Yanlord obtained the lot in Qingpu district for RMB600 million through its subsidiary Shanghai Renjie Hebin Garden Property, on which Yanlord will develop a high-class apartment project ...
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HSBC Taiwan targets wealth and SME banking
(Jan 04, 2008) HSBC Bank is actively promoting its wealth management services in Taiwan following the launch of HSBC Premier Banking on the island in September 2007. It targets a triple-digit growth in wealth management business in Taiwan although it did not reveal how many customers or how much assets it is currently ...
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Zhong An releases high-end properties in Anhui and Zhejiang
(Jan 04, 2008) Zhong An Real Estate, a Chinese property development and investment company, launches a residential project in Anhui province and a commercial project in Zhejiang province for sale in late December 2007. The high-end large residential project in Anhui, Green Harbor, is located in the Chaohu (Nest Lake) scenic area in ...
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Xinhua Winshare Chainstore gets a stake of Chengdu Bank
(Jan 04, 2008) Sichuan Xinhua Winshare Chainstore Co., Ltd. is going to invest in a mainland Chinese commercial bank in Chengdu, Sichuan. Sichuan Xinhua Winshare Chainstore is going to pay RMB240 million for a 2.46% equity stake in Chengdu City Commercial Bank, subscribing for 1.92 million new shares of the bank. It makes ...
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HSBC Taiwan targets a 7% market share
(Jan 04, 2008) HSBC Bank sees that in 2008, its wealth management business in Taiwan will see doubling growths in the number of customers and in asset under management. HSBC Bank Taiwan head of personal financial services Liu Li-li reveals that HSBC Bank will focus on providing tailor-made financial services for customers in ...
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HKU: Hong Kong GDP 5.6% in 2008
(Jan 04, 2008) The APEC Study Centre of the University of Hong Kong has just released its latest economic report, putting Hong Kong's real economic growth down at 5.6% for 2008 from 6.1% in 2007. The slow down is mainly led by the global credit crunch and the economic condition in the US. ...
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Shunde Beijiao allocates RMB15 million to support SME
(Jan 03, 2008) Beijiao Town of Shunde Municipal has been allocating RMB15 million from the budget to support development of small and medium enterprises (SME). SME in Beijiao refers to companies with under 2,000 staff or annual turnover below RMB2 billion or total assets under RMB400 million. Innovative industrial enterprises operating in business ...
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Sociedade de Jogos de Macau redesigns and rebuilds Casino Lisboa
(Jan 03, 2008) Sociedade de Jogos de Macau S.A. (SJM) announces that it plans to rebuild Casino Lisboa, its flagship casino hotel in Macau. SJM plans to hold an international architecture design competition that invites talents worldwide to design a landmark building for it. It is known that total area planned for the ...
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