Other Briefings
Shanghai Wants Free Exchange of Renminbi with New Taiwan Dollar
SHANGHAI, Oct. 28 – Shanghai’s Financial Service Office is pushing for a free exchange between the renminbi and the New Taiwan dollar to improve the city’s financial ties with Taiwan. The city already opened a cross-border currency clearing system and authorities expect the system to eventually include the Taiwanese currency due to burgeoning trade between […]
Shanghai, Hong Kong Airport Operators Partner to Manage Hongqiao Airport
Oct. 14 – The operators of the main international airports in Shanghai and Hong Kong have signed a joint venture to manage the Shanghai Hongqiao International Airport and make it highly competitive reports China Daily. Currently, the Hongqiao airport is mostly for domestic flights handling 22.9 million passengers and 415,700 tons of cargo last year. […]
New High-Speed Railways Connect Wenzhou with Fuzhou, Ningbo
Oct. 9 – New high-speed passenger railway lines have recently opened linking Wenzhou city with Fuzhou and Ningbo and cutting travel time significantly. The Fuzhou-Wenzhou line is 298.4 kilometers long and cuts travel time from 5 hours to 2 hours. On the other hand, a second high-speed railway line also connects Wenzhou city to Ningbo. […]
Shanghai Expo 2010: The Canadian Pavilion
The 2010 World Exposition in Shanghai will be the first registered one in a developing country. Officially known as “Expo Shanghai 2010,” it will last 184 days and provide China an opportunity to show off its remarkable economic growth. The expo will also give foreign nations and companies a chance to further develop business partnerships […]
Hongqiao Business Park to Begin Construction Next Year
SHANGHAI, Sept. 24 – The city is scheduled to break ground on its new Hongqiao Business Park next year that will eventually feature offices, hotels, entertainment facilities, shopping malls and exhibition sites upon completion. The park will have a 26.3 square kilometer central zone linked with the Hongqiao transport hub with both the Changning and […]
Mobile Phones Now a Payment Tool
SHANGHAI, Sept. 11 – China Unicom has just launched a new program in Shanghai that allows mobile phones to be used for paying taxi, bus and subway fares and soon for shopping as well. The company will provide users with a fare-settlement chip attached on the back of SIM cards. Phone and transport charges will […]
Hong Kong Proposes Acceptance of Mainland Auditors
Aug. 31 – The Hong Kong Stock Exchange has proposed allowing mainland companies listed in Hong Kong to submit their accounts using mainland China’s accounting standards and auditors. Currently, Hong Kong uses a different set of accounting standards from the mainland. If the proposal pushes through, it may be possible that Hong Kong companies listing […]
Top Australian Investment Bank Enters China’s Finance Market
SHANGHAI, Aug. 28 – Australia’s largest investment bank, Macquarie Group, has entered into a trust company joint venture in China to offer yuan-dominated products, arrange domestic debt and equity financing, according to Xinhua. The joint venture (JV) called the Sino-Australian International Trust Co. will have an initial capital of RMB300 million thus giving Macquerie an […]
