Archive for September, 2008
Where will next wave of economic growth occur?

The 2008 Summer Davos forum concluded on Sunday afternoon in Tianjin,China. The two-day global economic gala attracted some 1,400 entrepreneurs, officials and scholars from nearly 90 nations and regions. Many participants agreed that first of all the United States has to recover from ongoing Wall Street woes. Only when the United States improves could other […]

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Shanghai is most attractive to global investors over next three years

According to a survey on Friday during the sessions of the Summer Davos,The global investors put Shanghai on top of most attractive global cities the next three years, and they showed high confidence in the future of emerging cities.

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Regulators seek banks’ foreign investment details

Financial regulators have asked China’s financial institutions to submit detailed records of their investments in the U. S. and European financial assets to ascertain the full extent of their exposure to the U.S. financial crisis. There are at least six Chinese commercial banks which have reportedly disclosed their holdings of bonds issued by U.S. investment […]

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China abolishes regulation on inspection exemptions for food

China’s State Council, or the cabinet, on Thursday announced the abolishment of regulations on inspection exemptions for food. The cabinet announced that it had decided to abolish the regulations relating to quality inspection exemptions for food document issued on Dec. 5, 1999. It urged the ministries and governments to step up supervision, perform their duties […]

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ICBC holds $152 mln of Lehman Brothers-related bonds

The Industrial and Commercial Bank of China announce both its mainland and overseas branches held a total of 151.8 million U.S. dollars in bonds of or related to the bankrupt U.S. investment bank Lehman Brothers. ICBC shares dropped by the daily limit of 10 percent to 3.42 yuan (50 U.S. cents) on Wednesday in the […]

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China plans to boost service industry in Yangtze delta

The government plans to make the service sector a leading part of the delta area by 2020 according to the public document by the State Council. Many manufacturers are moving out of the region to make ends meet.The strategy will deal with rising labor and environmental costs and so on. The Yangtze River Delta have […]

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ICBC New York branch will start operation in October

The New York branch of Industrial and Commercial Bank of China Ltd. (ICBC) was officially granted business license on Tuesday.This is the world’s largest bank by market capitalization, In accordance with the business license, ICBC New York branch will engage in wholesale deposits, trade finance, U.S. dollar clearing, loans, treasury and other banking businesses. ICBC’s […]

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China’s central bank reduces credit interest rate and reserve requirement ratio

China’s central bank announce on Monday it would reduce the benchmark loan interest rate and the reserve requirement ratio in order to ensure commercial banks to have a steady and rapid economic growth. The benchmark interest rate for one year yuan denominated loans will be adjusted down 0.27 percentage points from Tuesday, it is also […]

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China’s Top 500 Enterprises in 2008

The China Enterprise Confederation announced the 2008 Top 500 Chinese enterprises list on Saturday. They report that the total revenue of the top 500 Chinese enterprises reached 2.99 trillion U.S. dollars,profits 188.4 billion U.S. dollars and assets 8.17 trillion U.S. dollars. Analysts said the growing profits indicated that Chinese enterprises had become more competitive. The […]

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China will become top Asian consumer markets in 2009

Chinese Minister of Commerce Chen Deming said China  will become the largest consumer market in Asia By 2009 Chen believe that  China is the world’s fastest growing consumer markets in many field,for example,in mobile phone sales, domestic tourism, and broadband network . China is also the second largest automobiles’ trade in the world. Now China […]

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