Yuan Settlement Pilot Program Only One Draft Away
China's State Administration of Taxation fear the yuan-trade settlement scheme may cause confusions in tax collection. The central bank is discussing the issue with the tax authorities.
News AM June 3
CISA Expects Iron Ore Price Accord by End June; Sinochem Sets up Listing Vehicle for IPO; Air France Identifies Eight Chinese Passengers in Crash
CIC To Raise Morgan Stanley Stake As US Bank Issues Shares
Plans to increase its stake mean that the CIC is throwing more capital at what has been a losing investment thus far.
News PM June 2
Red Bull Tested in China; Nine Chinese Passengers Missing in Air France Crash; Xi'an Aircraft Wins US$80 Mln Regional Jet Order; China Construction Bank Opens London Unit
Geithner Stresses Cooperation with China
Speaking to Chinese students and reporters, the U.S. treasury chief emphasized bilateral efforts to combat the global recession.
Shanghai Electric Power Imports Coal to Lower Cost
Surging coal prices were the major reason behind 2008 losses at the top five power firms. This year, domestic coal prices have been kept up by miners cutting output.
China Eases Capital Requirements to Stimulate Real Estate Investment
Some industry insiders believe lowered ratios in capital requirements may offer hope for housing recovery.
Deeper Sino-Malay Ties on Najib's Agenda
On the 35th anniversary of relations between China and his country, Malaysia's premier extols economic and diplomatic goals.
Energy Industry Plan to Go Before State Council, NDRC for Approval
China will unveil a stimulus plan to promote green energy industry.
News AM June 2
Hua Xia Bank 1.6 Bln Shares to Emerge from Lockup June 8; China to Accelerate Restructuring of Energy Sector; A/H1N1 Cases Climb to 38 in China
Goldman Sachs Selling 0.9% Stake in ICBC for US$ 2 Billion
The firm's official said that the lock-up period on 80 percent of its holdings in ICBC was extended for an extra year to April 28, 2010.
Cash, Confidence and Hopu's Bank Deal
Opportunities are running high for Asian investors, as PE firm Hopu proved by grabbing a stake in China Construction Bank.
News PM June 1
Shanghai H1N1 Flu Cases Rise to Five; China Exporters To Get More Policy Support; Suntech Offering Raises $277 Mln; China Eastern Plans JV with Yunnan Government
Blog: Business Media's Role in Forecasting the Global Economic Crisis
Did we give insufficient coverage to the crisis and fail to predict its coming?
Fonterra Denies Dumping Industrial Milk Powder in China
A sharp drop in milk prices administered a fatal blow to many domestic milk producers, causing nearly half to collapse.
News AM June 1
China Jan-May Power Use Falls 4 Pct; PetroChina Raises 15 Bln Yuan In Medium-Term Notes Issue; China PMI Holds Above 50 in May; Zhejiang Relaxes Restrictions on Residence Permits
China Has Reported its First Domestic A(H1N1) Flu Case
The case indicates a growing risk of domestic infection, and this has caused concern at the national level.
'Mass Hysteria' in Jilin: Fair Call, or Fog?
Suspicions cloud what some are calling one of China's largest cases of psychogenic illness and others say was toxic gas poisoning.
KMT Chairman Says Taiwan Investors Targeting Chongqing
With the Chinese mainland stepping up its campaign to develop the western regions, Taiwanese leaders expect Chongqing to become a new investment destination after the Pearl River Delta and the Yangtze River Delta.
Baosteel to Halve Departments, Cut Manager Jobs
Assets transaction, overseas expansion and marketing will also be given priority under the restructuring plan.
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