China Financial News Headlines

November 11, 2008

From State Council

Filed under: financial news — Tags: , , — Zoe @ 4:25 am -0600

State Council: a stable and healthy development of the promotion of capital and real estate market
The in Beijing, held a meeting of Municipal People’s Government of the provinces and autonomous regions and the department attended by comrades mainly responsible. Premier delivered an important speech.

State Council: since January 1 next year, national implementation of value-added tax transformation
Recently, the executive meeting decided on January 1, 2009 in all regions and sectors to implement value-added reform and restructuring. It is expected next year, this reform will lighten the burden about 123.3 billion yuan.

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October 16, 2008

The Feedbacks Of Stock-market From Individuals & Goverments

Filed under: financial news — Tags: , , , — Helin @ 4:08 am -0500

The impact on the company’s share price is small, but personal wealth still increased
In the current financial crisis, in the once-in, most of investors suffered the losses, and many richmen’s value has shrunk greatly. It seems that the “nest eggs will survive under a security”, but also there is people who survived the disaster, “Warren” Buffett is one of them, benefiting from the risk prevention capability and insight.

To deal with the crisis there will be a series of measures from the State Council
The deputy director of State Development and Reform Commission, Du Ying,  today in the Information conference  answered a reporter’s question, saying that in the second half year the downward trend, since the emergence of China, has aroused great concerns of the , and they are ready to introduce a series of measures.

Zeng Junhua called on banks to buy back bonds of Lehman mini-financial
News center of Chinese community in Hong Kong: Chief Executive Zeng Yinquan yesterday solemnly demanded that the bank, this week respond whether or not to the mini Lehman bonds sold to customers. Financial Secretary Zeng Junhua said again this morning the banks were to these bonds which was the best solution. The overall situation once again called on the bank as soon as possible to resolve the matter.

Chongqing’s financial institutions’ long-term loans slowdown
Xinhua Net in Chongqing on Oct.16th reported (reportor Cheng Zhengjun): Data, which the business management of People’s Bank of China in Chongqing on the 16th issued, shows that at the end of September this year, the balance of Chongqing’s financial institutions and long-term renminbi loans is up to 392,090,000,000 yuan, higher of 27.1 percent.

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October 11, 2008

The Whole World’s Telecommunications Revenue

The Whole World’s Telecommunications Revenue are expected to grow 7.6% this Year
Recently, the analysis of the United States well-known market-research company Gartner shows that, in 2008 the global telecommunications market revenue will reach 2 trillion dollars, and achieve 7.6 percent growth compared to 2007 year.

U.S. Well-known Blog has listed the 11 Internet Corporations on the Verge of Bankruptcy
According to foreign media reports, the United States technology blog - Rafe Needleman said that because of the economic crisis, many Web 2.0 site would be likely to face with the fate similar to network service providers.

Taiwan Shipping Giant - Evergreen Group: the Mainland Trading Headquarter comes to use in Shanghai
The mainland trading headquarter — Shanghai Evergreen Building, opened here on 11th, which marks that the “Taiwan Economic Headquarters” business and substantive dream has stepped up in recent years.

other news:

GM and Chrysler are discussing Matters relating to M&A (Mergers and Acquisitions)
The two major U.S. media reported on 10th that, the two of U.S. auto industry giants — GM and Chrysler has a preliminary discussion about the M&A matters.

Video: The State Council decided to stop levying Interest Tax Temporarily

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