Other Briefings
Hong Kong Express Rail Link with Mainland Approved
Jan. 18 – Hong Kong authorities approved a US$8.6 billion express rail link connecting the territory with Guangzhou and Shenzhen over the weekend sparking protests. The controversial project was approved by a 31-21 vote dominated by pro-establishment lawmakers. Protesters surrounded the Hong Kong legislature on Saturday claiming the project only benefited a privileged few, failed […]
FedEx Launches First Direct Boeing Cargo Service from Shanghai to United States
SHANGHAI, Jan. 15 – Shipping giant FedEx will launch its first Boeing 777 cargo service from Shanghai to its hub in Memphis, Tennessee. The new service will give clients in Shanghai, Suzhou and Kunshan a two-hour improvement in cut-off times easing international shipping reports The Associated Press.
Trial Program for Mainland Investors Expires
Jan. 14 – The document for allowing a trial program that give Chinese individuals direct access to Hong Kong-listed securities and other global markets gas has expired. The State Administration of Foreign Exchange issued the document in 2007 allowing mainland Chinese individuals to use the renminbi or foreign currencies to invest in securities markets overseas. […]
IBM Expands into Accounts Receivable Lending in China
Jan. 11 – International Business Machines (IBM) has launched a financing business in China indicating how the company is diversifying into service, consulting and financing businesses. The company’s first accounts-receivable lending license in the country will apply to the Tianjin Binhai New Area, a special economic zone located in the northeast city of Tianjin. Chip […]
Shanghai Expo 2010: The Swedish 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 […]
Hong Kong Issues Guidelines on Transfer Pricing
HONG KONG, Jan. 7 – The Hong Kong Inland Revenue Department (IRD) recently released DIPN 46 to illustrate how transfer pricing principles will be applied in the territory. The 55 page document explains how OECD Transfer Pricing Guidelines will be practiced in Hong Kong particularly how OECD transfer pricing methodologies will work with its own […]
Hong Kong Schools with English Curriculums Face Applications Flood
HONG KONG, Jan. 7 – The 16 schools in Hong Kong that have opted to switch from a fully Chinese language curriculum to a fully English one are facing a flood of applications from parents. English was taken off the Hong Kong curriculum as a mandatory subject shortly after the handover of Hong Kong to […]
Sinopec Under Fire as Hong Kong Deserts Mainland Fuel
Jan. 6 – China Petroleum & Chemical Corporation or Sinopec is under investigation as Hong Kong drivers look for alternative fuel suppliers following reports of breakdowns related to adulterated liquefied petroleum. The state-owned company provides 75 percent of territory’s liquefied petroleum gas (LPG) needs including fuel for around 18,000 taxis and 2,000 minibuses. Hundreds of […]
