China Financial News Headlines

October 4, 2008

Chinese Business News in Hongkong and Taiwan

Filed under: financial news — Tags: , , — Nancy @ 10:24 pm -0500

RMB Cash Exchange Operation in Taiwan
The reporter learned from Taiwan Financial Institution on Oct.4 that since June 30, Taiwan banks total brought 665 million and sold 1010 million . The transaction volume has been over 1600 million .

Taiwan sets up AC LED Applications Research Alliance
The news from ChinaByte Net on Oct.4 that China Taiwan AC LED Applications Research Alliance has formally been established, which aims at the LED lighting market.

“Food Capital of Asia”: Hong Kong
Hong Kong Obtains 38.6 billion Hong Kong dollar for total restaurant receipts in the first half of this year.

Another Three Hong Kong Banks Raise 0.5% Mortgage Interest Rate
News from Xinhua Net on October 3 that after HSBC, Bank of China, and other firms recently raised interest rates, Another three Hong Kong banks announced on the 3rd to raise 0.5% interest rate, they are Citigroup, DahSing, and MEVAS.

Data from National Development and Reform Commission (NDRC)

NDRC: Proportion of Investment in Middle and Western Regions Increases
The National Development and Reform Commission (NDRC) recently announced the investment data: from January to August, the proportion of investment in Chinese middle and western regions was 48.6% in the whole fixed assets investment in China, which increased 1.8 percentage points compared with the same period last year.

From January to August, Fixed Assets Investment Proportion Growth Rate in China
The Statistics released by NDRC showed that from January to August the fixed assets investment in eastern China was increasing 22.6% compared with the same period last year, the middle part of China rose 35.3% while western China increased 29.1% compared with the same time last year.

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Chinese Real Estate Market: Hong Kong, Shanghai, Beijing, Guangzhou, Shenzhen

Filed under: financial news — Tags: , , — Nancy @ 10:47 am -0500

Hong Kong Real Estate Market enters into the Glacier Epoch
As the economic tsunami spreads to all over the world, Hong Kong market has also been influenced. The turnover has greatly declined; during the National Day, only one transaction has been concluded.

Dense Wait-and-see Atmosphere in Shanghai Autumn Housing Exhibition
Shanghai market continues to be weak this year. The wait-and-see atmosphere in this exhibition is still dense. Overall speaking, Shanghai housing prices send the obvious reducing signals through this housing exhibition.

Beijing Real Estate encounters Cold Scene in Golden Week
“Golden Week” is regarded as the important time for housing market, but Beijing market has abnormal cold scene. The great increase in October has been reachless to people.

Guangzhou Real Estate Market
Reducing Housing is Popular while High Price encounter the coldness in Guangzhou market. The wait-and-see attitude is full, so there are less people to buy while there are more people to see.

Imbalanced Price-reducing of Shenzhen Housing Price
The price-reducing of Shenzhen housing prices are great, the prices of different developers are imbalanced while different buildings of same developers, their prices are also imbalanced.

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A mini-summit in Paris

Filed under: financial news — Tags: , , , — Nancy @ 9:09 am -0500

Four Countries leaders of European Union consult with the Countermeasures to the Financial Crisis Today
The four leaders of the four economic union in Europe — France, Germay, Britain and Italy, hold a mini-summit in Paris to discuss the to deal with current financial crisis today.
Jiangsu will push “General Counsel System for Enterprises” to prevent Legal Risks
Reported from Jiangsu province justice and economic departments, following setting the chief accountant, chief economist, chief engineer and others in enterprises, the government recently carry out the “general counsel system” to help enterprises to guard against legal risks.

China Central Bank: Question and Answer on U.S. economic stability bill
In the morning today, the spokeman of China People’s Bank answered the reporters’ questions about “emergency economic stability bill of 2008″.

other news:

Domestic Bank Debit Card will say Goodbye to the “Free Time” from October 8th
East Card, the only domestic card for free services, will start charging, too. Debit cards and bankbooks all cancel the free services, and at the same time, the always free messages of credit cards also begin to charge.

China Banking Regulatory Commission: The Global Financial Turmoil does not have any impacts on China Banking Sector
According to China Central Television report, recently someone of China Banking Regulatory Commission said the current global financial turmoil did not have a big impact on China banking industry.

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