You May Have This One Wrong -- Here's Why Oct 15, 2009
Or so it appeared to one American on the street in Shenzhen. Myth No. 2: Small towns are smallAgain, I knew Shanghai and Beijing were big. (MSNBC -- Business)
Who tops Richest People in China List Oct 13, 2009
65 people in the list live in Shenzhen, Hangzhou ranked fourth with 60, Guangzhou 38, Wenzhou 25, Chengdu 23, Hong Kong 22, Nanjing 21, and Dongguan 20. Wang Chuanfu with the wealth of 35 billion yuan becomes the richest man in China in 2009. (People's Daily Online, China)
Marcial: Jeweler Fuqi, a Gem from China Oct 12, 2009
Based in Shenzhen, China, Fuqi is already highly favored on Wall Street, with five analysts who track it recommending buying the stock. Two rate it a hold, and none rate it a sell. (BusinessWeek)
China lifts foreign investment limit for stocks Oct 12, 2009
Despite the rising prominence of China's two main stock markets in Shanghai and Shenzhen, they still restrict foreign participation and are largely walled-off from the rest of the world. Overseas companies are barred from listing on them, and foreign investors can only buy limited quantities of yuan-denominated "A shares" through designated "qualified foreign institutional investors". (Sydney Morning Herald -- Business)
Steps taken to cool real-estate market Oct 10, 2009
In the first quarter this year housing prices jumped 15 per cent in Beijing and 35 per cent in Shenzhen, a booming city in Guangdong Province. The latest moves, which also cover bank lending, are "the most detailed policies that the government has ever taken towards the housing market," said an executive with a Beijing-based property developer, who refused to be named. (Xinhuanet, China -- Business)
All agog over new listings Oct 10, 2009
THE Shanghai and Shenzhen stock markets reopened yesterday after the week-long National Day holidays in a frenzy of trading following news that a record two trillion yuan (RM989bil) worth of shares will float on the bourses this month ... The first batch of 10 companies are expected to be listed on the ChiNext board in Shenzhen, and allocation of shares will be announced within the month ... Back in fray: Locals looking at the stock board as the Shanghai and Shenzhen stock markets are expected... (The Star Online, Malaysia)
Nature China (International site) Oct 9, 2009
Shenzhen is fast becoming an attractive destination for individuals and businesses from abroad who appreciate the entrepreneurial and progressive environment the city offers. in the spotlight on Shenzhen ... Huang Wei, Director of the Center for Art Design, Graduate School at Shenzhen, Tsinghua University. (Nature News Service)
Cavaliers' Chinese owner to buy domestic club Oct 9, 2009
Zhang Aijun, the General Manager of the Tigers, said he had contacted Huang several times in Beijing and Shenzhen, South China. "It will be a complete new co-orperation with the NBA. We have many things of difference, but we do have agreed to build a better future together," Zhang told Xinhua. (Xinhuanet, China)
Worst BRIC China Becomes Best Buy for Fisher, Schiff on Consumer Rebound Oct 9, 2009
Shanghai and Shenzhen offerings have raised a total 96. 38 billion yuan this year, Bloomberg data show. (Bloomberg)
Sherry Ayittey urges farmers to ensure proper use of pesticides Oct 9, 2009
It was organised by the Ghana National Associ ation of Farmers and Fishermen (GNAFF) in collaboration with Environmental Protection Agency (EPA) and sponsored by King Quenson Industry Group, an agro-chemical company based in Shenzhen, Guangdong, China. The company is in Ghana to market its products. (Ghana Web, Ghana)
China's electric car revolution Oct 9, 2009
Last February, the Ministry of Finance announced a new commitment to promote alternative fuel vehicles in the country's 13 largest cities - Beijing, Shanghai, Chongqing, Zhangchun, Dalian, Hangzhou, Jinan, Wuhan, Shenzhen, Hefei, Kunming, and Nanchang ... Shenzhen-based Build Your Dreams (BYD) was started in 1995 by Wang Chuan-Fu to produce lithium-ion rechargeable batteries, and has since moved into the market for passenger cars ... Initially, BYD signed a deal to sell 50 cars to the Shenzhen... (Asia Times Online)
China torn over Internet freedoms Oct 8, 2009
A former party secretary of the Shenzhen Marine Affairs Bureau was sacked after a video showing him assaulting a young girl was uploaded online. Several officials in different localities across the country were discharged when evidence of them making overseas tours using public funds was substantiated online. (Asia Times Online)
Nearly half Chinese cities sell less houses in September Oct 7, 2009
Among the seven major cities where house prices were available at present, three cities, including Shenzhen, Chongqing and Beijing, saw prices up, according to the research. Housing prices in China's 70 large and medium-sized cities rose 2 percent in August compared to the same month of last year, according to the National Bureau of Statistics in September. (People's Daily Online, China)
Do stock markets need to correct? Oct 6, 2009
Asias stock markets have been rallying for the past seven months without any major corrections, with the exception of a 24% and 20% drop in Chinas Shanghai and Shenzhen stock markets respectively in August. Furthermore, the size of the market rallies have been pretty impressive for stock markets such as Hong Kong, Singapore, Indonesia (up 67% to 92%), it has been the best rally since 2005. (The Star Online, Malaysia -- Business)
China at 60: No More Excuses Oct 6, 2009
Only about 50 of the 1,400 listed companies on the Shanghai and Shenzhen stock exchanges are genuinely private. Fewer than 50 of the 1,000 richest people in China are not linked to the Party. (BusinessWeek)
3 Chinese, 2 Firms Face Export Charges in Boston Oct 6, 2009
Chitron Electronics is a U.S. subsidiary of China-based Shenzhen Chitron Electronics Company Ltd.. Chitron Electronics and Shenzhen Chitron Electronics were also charged with conspiring to violate U.S. export laws. (ABC News -- Wire)
Canadian PM publishes article on Chinese-Canadian relations Oct 6, 2009
To help Canadian companies to take advantage of the trade and investment opportunities, the Canadian government has increased Canada's presence in China, said Harper, adding that two new trade offices have been opened in Chengdu and Shenzhen respectively with four others expected to open later this years in Nanjing, Qingdao, Shenyang and Wuhan respectively. He expressed hope that the two countries could move forward on a number of key trade fields such as investment, technology cooperation and... (Xinhuanet, China)
Review: Shenzhen A Travelogue Fro... Oct 4, 2009
Review: Shenzhen A Travelogue From China. Review: Shenzhen A Travelogue From China ... Shenzhen by Guy Delisle captures the wonder and mishaps of living as a foreigner in a changing China. (Suite101.com)
The secret of the CCP's success Oct 3, 2009
A few days after our trip through the mountains, Jiang came to visit me in Shenzhen, across the border from Hong Kong ... In Shenzhen, a fishing village little more than 30 years ago and now home to millions after being at the forefront of China's export-led economic transformation, she fitted in ... In 1983, factory manager Zhou was dispatched by the military to live in Shenzhen, then a fishing village. (Asia Times Online)
China's military struts its stuff Oct 2, 2009
A senior PLA officer based in the southern city of Shenzhen told Asia Times Online, "The increased transparency shows our growing confidence in modernizing the military with our own efforts. In the past, we were shy to show our weapons, largely because they were quite backward. But now we are catching up rapidly. We are confident that we can create a weaponry system of our own comparable to those of the United States, Russia and European nations.". Li Daguang, a senior military expert at the PLA... (Asia Times Online)
Guangdong Visions: The Way Forward Oct 2, 2009
The finale of a five-part report looks at the cities of Dongguan, hit hard by the global recession, and innovation-focused Shenzhen ... In this final installment, I describe the cities of Dongguan and Shenzhen, and Guangdong's culture ... Dongguan, on the east bank of the Pearl River between Guangzhou and Shenzhen, was hit hard by the financial crisis. (BusinessWeek)
Twin tigons born in S China wildlife park Oct 1, 2009
In China, tigons can also be seen in zoos in Shenzhen, a city of the southern Guangdong province and Xiamen, a city of east China's Fujian province. Editor: Anne Tang. (Xinhuanet, China)
Fox invests in 1st Chinese movie, romantic comedy now filming on the mainland Sep 30, 2009
The film started shooting Aug. 12 and is filming in Beijing and the southern cities of Hong Kong and Shenzhen. It combines six love stories starring Hong Kong pop stars Jacky Cheung and Nicholas Tse, Chinese-American actor Daniel Wu and Taiwanese actresses Rene Liu, Vivian Hsu and Barbie Hsu. (FOX61, CT)
SMIC Selects Virage Logic's AEON(R) Embedded Multi-Time Programmable (MTP) Non-Volatile Memory (NVM) for RFID Applications Sep 24, 2009
Headquartered in Shanghai, China, SMIC has a 300mm wafer fabrication facility (fab) and three 200mm wafer fabs in its Shanghai mega-fab, two 300mm wafer fabs in its Beijing mega-fab, a 200mm wafer fab in Tianjin, a 200mm fab under construction in Shenzhen, and an in-house assembly and testing facility in Chengdu. SMIC also has customer service and marketing offices in the U.S., Europe, and Japan, and a representative office in Hong Kong. (PR Newswire)
China Start-up IPOs Set High Prices, Stir Worries Sep 24, 2009
To curb risks, the second board for start-ups, to be launched as soon as next month in China's southern boomtown of Shenzhen, will set an 80 percent limit on share price movements during the first day of trade, the Shenzhen Stock Exchange said on Thursday. China is hoping that ChiNext could provide badly needed financing for the private sector, which has difficulty obtaining bank loans but is crucial to creating jobs and sustaining growth. (ABC News -- Business)
Shenzhen artists stand out in national fine arts exhibition Sep 23, 2009
(Shenzhen Daily Photo). More than 70 works by Shenzhen artists have been selected for the 11th China National Fine Arts Exhibition (CNFAE), an indicator that artists from the city have become an important force on the national art stage ... Shenzhen is the host city for the artistic design exhibit, scheduled to open Oct. 9 at Guan Shanyue Art Museum and OCT Art & Design Gallery. (People's Daily Online, China)
China OKs four more firms for second board, vetoes one Sep 22, 2009
Ten companies, out of the approved 13, began IPO procedures Monday for listing on GEM at the end of October, according to the prospectus posted on the website of the Shenzhen Stock Exchange. Special Report. (Xinhuanet, China)
* New Shenzhen exchange to open Sep 22, 2009
New Shenzhen exchange to open ... By yesterday, 10 companies had issued a prospectus for listing on the new board, run by the Shenzhen Stock Exchange, which is meant to nurture private companies that struggle to get financing in a system favoring big state enterprises ... It will be located in Shenzhen, the southern financial center near Hong Kong that is the site of the smaller of Chinas two stock exchanges. (Taipei Times, Taiwan -- World Business)
China's leaders give little away Sep 22, 2009
True, some big names have fallen in the crusade against graft over the past year - former Shenzhen mayor Xu Zhongheng, former Guangdong police chief Chen Shaoji and vice president of the Supreme People's Court Huang Songyou, to name a few. In the end, however, these high-profile busts represent a mere drop in the ocean of corruption in China. (Asia Times Online)
CPC discusses intra-Party democracy Sep 22, 2009
The fight did not come to an end till Mr Deng Xiaoping went to Shenzhen in early 1991 to reignite economic reform, effectively putting out inner-party ideological bickering. Many are murmuring "China model", and some are quietly mimicking it. (People's Daily Online, China)
China stocks fall as more IPOs approved Sep 22, 2009
The Shenzhen Composite Index for China's second exchange fell 2. 2 percent to 1,016. (OregonLive, OR -- Business)
10 companies to list as China's GEM starts IPO procedures Sep 21, 2009
The 10 start-ups will complete their price inquiries and road shows by the end of this week, and begin subscription on September25, according to the prospectus posted on the website of the Shenzhen Stock Exchange ... "Investors should keep a sober mind and avoid any short-term strategy, which will help form reasonable prices to facilitate the long-term development of the market," said Li Daxiao, head of the research department of the Shenzhen-based Yingda Securities. (Xinhuanet, China)
China new companies market to begin IPOs Sep 21, 2009
By Monday, 10 companies had issued prospectuses for listing on the new board run by the Shenzhen Stock Exchange, which is meant to nurture private companies that struggle to get financing in a system favouring big state enterprises ... It will be in Shenzhen, the southern financial center near Hong Kong that is the site of the smaller of China's two stock exchanges ... The companies that have issued prospectuses on the Shenzhen Stock Exchange's Web site are: Qingdao Tgood Electric Co, Beijing... (Sydney Morning Herald -- Business)
Young foreigners hunt jobs in China amid crisis Sep 20, 2009
com, a classified listings Web site in the southern city of Shenzhen. "I noticed the turn the economy was taking, and decided it would be best to go directly to China," said Carr, who studied Chinese for eight years. (The Star Online, Malaysia)
China faces aretail reality check Sep 19, 2009
Department store operator Maoye International Holdings, based in the one-time export boom areas of Shenzhen and Guangzhou, reported a revenue gain of only 6. 6% in the six months through June. (Asia Times Online)
China Nasdaq-like bourse kickstarts Sep 19, 2009
The CSRC has been encouraged by the rising prices at the Shanghai and Shenzhen markets in recent weeks, sources said. The companies to get the green light belong to areas software, medical equipment and medicines. (India Times)
China city 'to open up to media' Sep 17, 2009
Government officials in the southern Chinese city of Shenzhen will soon be required to be more accountable to the media, the city has announced ... Shenzhen's policy follows a relaxation of restrictions on foreign journalists after the Beijing Olympics ... "We are determined to change the random, passive and disorderly situation surrounding government press releases," Su Huijun, the director of Shenzhen's municipal press office, said. (BBC News -- Asia-Pacific)
Nicholas Cage to star in HK gangster film Sep 17, 2009
(Source: Shenzhen Daily/Agencies). Editor: Zhu Jin. (Xinhuanet, China -- Entertainment)
* Typhoon Koppu brushes Hong Kong, crashes into China Sep 16, 2009
More than 26,000 ships and boats were ordered to return to harbor and schools were closed in Shenzhen next to Hong Kong yesterday, the state-run Xinhua news agency said. Authorities in Guangdong Province adjacent to Hong Kong issued warnings for heavy rain and a storm surge, Xinhua said yesterday. (Taipei Times, Taiwan -- World Business)
Chinese mainland donates $142 mln to typhoon-hit Taiwan Sep 16, 2009
KAOHSIUM, Aug. 18 (Xinhua) -- The first batch of 100 prefabricated houses donated by Shenzhen, a port city in south China, arrived in Taiwan's Kaohsiung port Tuesday afternoon and was soon transported to the area destroyed by Typhoon Morakot in Pingtung County ... People attend a donation ceremony for the typhoon-hit Taiwan at Yantian Port in Shenzhen, a booming city in south China, Aug. 17, 2009 ... SHENZHEN, Aug. 17 (Xinhua) -- The first batch of 100 prefabricated houses donated by Shenzhen, a... (Xinhuanet, China)
China shares fall on liquidity doubts Sep 16, 2009
The Shenzhen Composite Index for China's smaller second exchange slipped 0. 4 percent to 1,045. (OregonLive, OR -- Business)
* Business Briefs Sep 15, 2009
The Growth Enterprise Board, to be located in Shenzhen, is meant to nurture private companies that struggle to get financing in a system that favors state enterprises. No date has been announced for trading to start but news reports say it could be as early as next month. (Taipei Times, Taiwan -- World Business)
China to review IPOs for Nasdaq-type board Sep 14, 2009
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China GrenTech Announces Changes to its Board of Directors Sep 14, 2009
SHENZHEN, China, Sept. 11 /PRNewswire-Asia-FirstCall/ -- China GrenTech Corporation Limited (Nasdaq: GRRF, "the Company", or "GrenTech"), a leading China-based radio frequency ("RF") technology and product developer and a leading wireless coverage product and service provider, today announced the resignation from the Board of Directors (the "Board"), effective September 21, 2009, of Mr. Liping Mao for personal reasons, following his earlier resignation from his position as a Vice President... (Yahoo! Wire -- Entertainment News)
Chinese firms account for 14% of firms listed in Singapore Sep 13, 2009
To help newly listing or listed Chinese companies to have a better understanding of the regulations of listing in Singapore, SGX has begun to organize corporate governance training courses conducted in Mandarin in Singapore, Beijing and Shenzhen. Enditem. (Xinhuanet, China -- Business)
NGOs tread lightly on China's turf Sep 12, 2009
More encouraging news comes from Shenzhen city, a poster child for reform, which has signed an agreement with the Ministry of Civil Affairs on a trial run of a comprehensive set of reforms in the management of civil affairs ... Liu Runhua, director of Shenzhen Department of Civil Affairs believed that with the reform, the number of "social organizations" in Shenzhen will increase significantly. (Asia Times Online)
OrbusNeich's Genous(TM) Bio-engineered R stent(TM) is Feasible in Patients Requiring Undeferrable Non-Cardiac Surgery, International Journal of Cardiology Publication Reports Sep 12, 2009
Hoevelaken, The Netherlands; Tokyo, Japan; and Shenzhen, China. OrbusNeich, which has provided medical devices to physicians through its predecessor companies since 1979, supplies products today to interventional cardiologists in more than 60 countries. (PR Newswire)
Component Changes Made to Dow Jones China Indexes Sep 12, 2009
Component changes in the Dow Jones China 88, Dow Jones China Offshore 50, Dow Jones China Broad Market, Dow Jones Shanghai, Dow Jones Shenzhen and Dow Jones CBN China 600 indexes will be effective after the close of trading on September 18, 2009 ... 24% of the float-adjusted market capitalization of both the Shanghai and Shenzhen Class-A markets: China Shipping Development Co. Ltd. (600026 ... The number of Shanghai-listed stocks in the Dow Jones China 88 Index will decrease to 66 from 67... (Primezone Releases)
Asset bubble fear on China house prices Sep 12, 2009
Shenzhen and Jinhua, cities in eastern coastal provinces, led the gains as a rebound in investment and sales helps to cement a recovery in the world's third-biggest economy ... In Shenzhen, the gain was 6. (Sydney Morning Herald -- World)
Wen: RMB yet to become int'l currency Sep 12, 2009
He said China has started to settle cross-border trade deals in RMB in Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan. China's State Council, or Cabinet, announced in April a pilot program to allow exporters and importers in the five cities to settle cross-border trade deals in RMB.. (Xinhuanet, China)
Chinese shares rise 2.22% after positive economic figures release Sep 11, 2009
The Shenzhen Component Index rose 1. 76 percent, or 209. (Xinhuanet, China)
China's Exports, Trade Surplus Fall in August Sep 11, 2009
Container throughput in August was lackluster at China's biggest ports down 11 percent from a year earlier in Shenzhen, and down 15 percent in Shanghai, Ulrich said. Copyright 2009 The Associated Press. (ABC News -- Wire)
China Haidian Announces 2009 Interim Results Sep 10, 2009
Discontinued Operation -- Timber Plant in Shenzhen. The Group received from the Shenzhen Government the compensation of RMB716 million, being 89 ... In view of the stable land and property market in Shenzhen, the outlook for the real estate development and for the resale value of the land is considered satisfactory. (PR Newswire)
FBM KLCI hits a new high for the year Sep 10, 2009
In Hong Kong, the Hang Seng index soared 2% to 21,294 points, but the mood was cautious in mainland China bourses with stocks keepingcloe to the flat lines in Shanghai and Shenzhen. Most Viewed. (The Star Online, Malaysia)
IIC-China and co-located Components Zone to expand to Wuhan, Chengdu and Dongguan this September Sep 9, 2009
" Leading technology and components vendors to exhibit at IIC-China and Components Zone Some of the biggest names in the technology industry, including multinationals like Altium, Analog Devices, Broadcom, Cyan, Linear Technology, Numonyx and Texas Instruments are due to demonstrate their latest technologies at IIC-China. Joining them will be home-grown design companies such as Biyadi, Kunshan Visionox, Megawin, Shanghai Sino-IC Mircoelectronics and Shenzhen Changyuntong IC Design. A large... (PR Newswire)
Hawker increases presence in Asia Sep 9, 2009
Shenzhen uses the aircraft to provide training at. The Asian market represents one of the strongest markets in the world today and is of particular interest to us, said Brad Hatt, senior vice president of sales for Hawker Beechcraft, in a written statement. (Wichita Business Journal, KS)
Is a Swine Flu Outbreak Getting Close? Ask Your iPhone Sep 9, 2009
Rather, the earliest hints came in the media, in stories published in Chinese newspapers about people in Guangzhou and Shenzhen being struck down by a mysterious illness. Because Chinese officials forbade official reporting of the new disease, the WHO and the rest of the international health community didn't become fully aware of the situation until the infection which would later be called Severe Acute Respiratory Syndrome, or SARS crossed the border to Hong Kong and then to the rest of the... (Time.com)
Kowloon Development 2009 Underlying Interim Net Profit Up 84% to HK$883 Million Sep 9, 2009
In April 2009, the proposed acquisition of Shenzhen Properties rces Development (Group) Limited was terminated, bringing in a total cash inflow of approximately HK$276 million to Kowloon Development. In July, the Group has announced to sell a 12% interest of the Tianjin Project to a project partner and would receive a total proceeds of approximately HK$308 million upon completion of the disposal. (JCN Network, Japan)
Brightoil Petroleum Announces 2008/ 2009 Annual Results Sep 9, 2009
Brightoil Petroleum is the largest marine bunkering services enterprise in Shenzhen and its surrounding areas. During the review period, operations in Shenzhen maintained positive momentum. (PR Newswire)
Summer Davos to pinpoint opportunities Sep 9, 2009
Tianjin is the third pole of China's development after the pioneering steps taken in Shenzhen and Shanghai. We will definitely come to China for the next Summer Davos. (Xinhuanet, China)
China (Shenzhen) International Industrial Fair 2009 -- China's Premier Light Industry Fair to be Held in Shenzhen Next Month Sep 8, 2009
HONG KONG, Sept. 7 /PRNewswire-Asia/ -- The inaugural China (Shenzhen) International Industrial Fair 2009 (CIIF) will kick off next month to showcase the best of light industrial goods and raw materials that China has to offer. The fair, running from 22-25 October at China South City (CSC) in Shenzhen, is expected to feature more than 400,000 types of products and raw materials from exhibitors in over 3,000 exhibition units ... The fair is the result of a joint decision between China Council for... (PR Newswire)
China's Stocks Advance for Fifth Day; Citic Securities, China Life Climb Sep 7, 2009
The , measuring Shanghai and Shenzhen exchanges, gained 0 ... Shenzhen Neptunus Bioengineering Co. gained 10 percent to 10. (Bloomberg -- Asia)
Jiang Yingrong crowned at "Super Girl" contest Sep 7, 2009
(Source: Shenzhen Daily). Editor: Sun Yunlong. (Xinhuanet, China)
Good Life China Corporation (GLCC) Food Industry Association Award Sep 5, 2009
BEIJING, Sept. 4 /PRNewswire-FirstCall/ - Good Life China Corporation (GLCC) announced that its Shenzhen Bread Co Miluga. (Miluga) was awarded as one of the top ten moon-cake brand in Shenzhen by Shenzhen Food Industry Association ... This awarding is based on experts' assessment and open and fair evaluation of 70 moon-cake manufacturers organized by Shenzhen Food Industry Association. (PR Newswire)
LandStar, Inc. (LDSR:PK) China National Offshore Oil Co., Ltd Pending Business Sep 5, 2009
WUHAN, China, Sept. 4 /PRNewswire-FirstCall/ - LandStar Inc. (LDSR) operating subsidiary, Hubei Chuguan Industry Co. Ltd and its senior executives on July 5, 2009, held a very productive engagement meeting with the Shenzhen branch, of China National Offshore Oil Co., Ltd. (CNOOC). China National Offshore Oil Co., Ltd is one of the biggest Offshore Oil companies, to partner in oil and gas recovery. (PR Newswire)