Other Briefings
China May Expand Pilot Property Tax Program Nationwide
Jan. 6 – China may implement a pilot property tax program nationwide reports Shanghai Securities News. Morgan Stanley said that China may levy a tax on commercial real estate in “selective regions” before applying a levy on residences in an effort to temper the heated property market. It will take some time before the pilot […]
Shanghai Expo 2010: The Norwegian 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 […]
BVI Companies Allowed to List in Hong Kong Stock Exchange
Dec. 17 – Companies incorporated in the British Virgin Islands (BVI) are now allowed to list in the Hong Kong Stock Exchange. The HKSE has agreed to accept applications from companies incorporated in the British Virgin Islands.
Macau Signs Renminbi Deal with Mainland
Dec. 15 – The Monetary Authority of Macau and the People’s Bank of China have signed a deal for a cross-border trade renminbi settlement program that will increase the amount of renminbi Macau residents can buy. Macau residents will now be able to purchase up to RMB20,000 per transaction compared to RMB14,000 previously. The agreement […]
First IP Court Set Up in Guangdong
GUANGZHOU, Dec. 10 – The country’s first exclusive intellectual property court was recently established in the Zhuhai National High-Tech Industrial Development Zone in Guangdong Province. The court will begin accepting criminal, civil and administrative cases related to intellectual property. The Guangdong High Court is hoping that a court dedicated to IP issues will be able […]
Major Bottling Company Demands Apology for False Arsenic Claims
Dec. 7 – Major bottling company, Nongfu Spring, is demanding an apology from the industry and commerce bureau of Haikou, Hainan Province for a claim that falsely charged its products of having high levels of arsenic. The bureau made the claims on November 24 with orders to remove products from shelves immediately only withdraw it […]
First Interbank Clearing House Set in Shanghai
SHANGHAI, Nov. 30 – The country’s first interbank clearing house was launched in Shanghai on Saturday cementing government goals to make the city an international financial hub. The interbank market with a registered capital of RMB300 million will comprise of banks, securities firms, and asset management companies which trade currency derivatives, bonds and commercial bills […]
Microsoft Ordered to Stop Sale of Programs Guilty of IPR Violation
BEIJING, Nov. 18 – U.S. software company Microsoft has been ordered by a Beijing court to stop the sale of all Windows programs found in violation of a Chinese company’s intellectual property rights. The Beijing Number One Intermediate People’s Court ruled in favor of Beijing-based software company, Zhongyi Electronic, saying that Microsoft’s use of its […]
