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    Official: Shanghai port to see 10 percent growth in TEUs

      SHANGHAI, Mar. 24 – The container throughput of Shanghai’s seaport is expected to see stable growth of about 10 percent a year until 2010, said a port administration official at the China Ports Future Forum in Shanghai on Friday. This projected growth is attributed to the booming economy in the Yangtze River Delta and[…..]

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    Expatriate Individual income tax filings: Tax paid certificates must be issued end of month

    One week left to file IIT returns on income in China Mar. 24 – Pictured at right is a tax paid form for individual income tax filings for 2007. These are sent to the place of work or residential address of expatriate individuals who have been working in China and who are subject to declaration[…..]

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    Chinese banks strengthen reserve ratios

    China reserve requirement ratios now 5.5 percent higher than U.S. norm By Chris Devonshire-Ellis BEIJING, Mar. 21 – The Chinese government has announced its 15th increase since mid 2006 of the minimum reserve ratio deposit lenders must hold in reserve, to a record high of 15.5 percent. This compares to the United States, reeling from[…..]

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    Mixed views on proposed London and Shanghai steel futures markets

    Shanghai left standing as London takes the lead Mar. 21 – Targeting China’s producers and traders, the London Metals Exchange (LME), the world’s largest trading house of non-ferrous metals, has announced it will go live next month to sell futures contracts in steel The announcement has confounded plans by the Shanghai futures exchange to sell[…..]

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    Income tax on securities trading exempted

    Mar. 21 – In a move aimed at boosting the current gloomy stock market, China will not levy a tax on corporate earning from securities trading at the moment. Income from stock and bonds trading by securities investment funds will be free from corporate income tax for the time being said a statement released by[…..]

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    Ningbo Port set to join global heavyweights

    Port invests US$3.5 billion for international expansion over next three years Mar. 20 – The Ningbo Port Group, based in the eastern city of Ningbo, just 90 minutes from Shanghai, has announced aggressive expansion plans including a US$600 million investment into an unspecified European port complex, its chairman Li Linghong stated. The group, which has[…..]

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    Shenzhen to open Nasdaq-style stock market

    Beijing set to approve second board for Chinese SMEs By Chris Devonshire-Ellis Mar. 19 – The China Securities Regulatory Commission (CSRC) is set to begin reviewing listing applications for listing on the new Nasdaq-styled second board in Shenzhen, according to its chairman Shang Fulin. This begins the process of the long-awaited second board development, and[…..]

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    Ministerial meetings with Indian government

    China – India investment questions and comparisons to be raised Mar. 18 – The Senior Partner of Dezan Shira & Associates, Chris Devonshire-Ellis, who publishes China Briefing, India Briefing and the emerging Asia website 2point6billion.com, will meet next week with Kamal Nath, the Indian Minister of Commerce, and Mr. P. Chidambaram, the Minister of Finance,[…..]

Showing 8 of 5067 articles