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)
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)
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)
* 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)
* 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)
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)
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)
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)
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)
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)
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 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)
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)
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)
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)
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)
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)
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)
Jiang Yingrong crowned at "Super Girl" contest Sep 7, 2009
(Source: Shenzhen Daily). Editor: Sun Yunlong. (Xinhuanet, China)
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)
Queks stake cut in Multi Sports raises concern Sep 5, 2009
It should also be noted that the recent sharp declines in the mainland China bourses of Shanghai and Shenzhen have brought down valuations of Chinese stocks. Most Viewed. (The Star Online, Malaysia -- Business)
China's anti-graft drive expands Sep 5, 2009
Foremost among them are the assistant Minister of Public Security Zheng Xiaodong; head of the multi-billion dollar Binhai Development Zone in Tianjin, Pi Qiansheng; Shenzhen mayor Xu Zongheng; and the vice president of the Supreme People's Court (SPC), Huang Songyou. One notable feature of the ongoing anti-graft campaign is that, apart from senior party and government officials, so-called "big tigers" among the miscreants have included the bosses of state-held conglomerates as well as globally... (Asia Times Online)
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)
Hard To Treat Diseases (HTDS) Completes Injection Clinical Trial Sep 5, 2009
SHENZHEN, China, Sept. 4 /PRNewswire-FirstCall/ - Hard to Treat Diseases (the "Company") (HTDS.PK) announced today, that its China based subsidiary Mellow Hope, has just finished (August 2009) the clinical trial of Cerebroprotein Hydrolysate for Injection (Brand name: NUTRIPROTEIN) in India. This biological product is a unique nutriment for the brain. (PR Newswire)
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)
Arroyo slips another scandal noose Sep 5, 2009
On February 2008, the company issued a statement saying that it has neither done anything wrong nor has it bribed anyone" to secure the project. Legal experts interviewed by Asia Times Online, however, believe that the Ombudsman may have erred in the ruling. They said that executive immunity laws don't allow the president to rule with impunity, particularly when the acts are allegedly criminal in nature. Others have raised questions about the ombudsman's independence: the current Ombudsman's... (Asia Times Online)
The stigma of wealth in China: Original sin Sep 4, 2009
In June the mayor of Shenzhen, a big city near Hong Kong, was detained in what was thought to be the same probe. On August 31st Hopson Development, a property firm, revealed that for the past six months it had been unable to account for its own chairman, Chu Mang Yee (140th on the Forbes list, and tenth on Hurun s), although the link to the probe, if any, is unclear. (The Economist)
Lead Surges to 16-Month High as China Vows to Shut Substandard Smelters Sep 4, 2009
30 yuan, and Shenzhen Zhongjin Lingnan Nonfemet added as much as 9 percent. The supply fears turned the market into a buying panic, Citigroups wrote in a Sept. 3 note, referring to leads gain on the London Metal Exchange. (Bloomberg -- Asia)
Google, Baidu do battle in China's 3G frontier Sep 3, 2009
And for all their deep wallets and strong firepower, neither Baidu nor Google is the most popular in China when one considers only mobile search, where relative small fry Shenzhen-based Easou led the field with a 34% market share in 2008, according to Analysys International ... Besides a search box, Easou provides a simple directory offering users information they typically want, such as weather, nearby restaurants, whether the user is in Shenzhen or Shanghai ... The Shenzhen startup has now... (Asia Times Online)
Analysts upbeat on Malaysian stocks Sep 2, 2009
At current levels, equity measures in Shanghai and Shenzhen had tumbled more than 20% from peaks hit in early August, which fit analysts classic definition of a bear market. The FBM KLCI fell 2. (The Star Online, Malaysia -- Business)
FTSE/Xinhua Drop Below 50-Day Average Signals Losses: Technical Analysis Sep 2, 2009
The relative strength index for the , measuring exchanges in Shanghai and Shenzhen, touched 29. 42 on Aug. 31, only the second breach this year of the 30-level seen by some as a signal to buy. (Bloomberg -- Asia)
China captain Zheng close to joining Celtic Sep 2, 2009
AFP - Wednesday, September 2. GLASGOW (AFP) - China captain Zheng Zhi is close to joining Celtic, according to the Scottish club's manager Tony Mowbray. (Yahoo! Asia News)
Why China's Stock Market Bubble Is Fizzling Sep 1, 2009
Unlike the NYSE or the Hong Kong Stock Exchange, where institutional investors react as much to fundamentals as to greed and fear, the Shanghai and Shenzhen exchanges are dominated by retail investors driven to frenzy by speculation and sentiment. Hong Kong's Hang Seng China Enterprises Index is probably a more realistic reflection of expectations about the direction of China's economy. (Time.com)
Economy calls for bolder reforms Sep 1, 2009
Stocks in Shanghai and Shenzhen, two economic stars in China, have been on a tailspin and slumped by 25 percent in August ... It is learned that the Shanghai Pudong Development Bank and Shenzhen Development Bank have decided to put the full brake on credit in August. (People's Daily Online, China)
Oil prices plummeted to below 70 U.S. dollars a barrel Monday as investors were rattled by the sharp decline in China's equities market. Chinese shares plunge to 3-month low Sep 1, 2009
The Shenzhen Component Index tumbled 7 ... Losers outnumbered gainers by 842 to 27 in Shanghai and 726 to 23 in Shenzhen. (Xinhuanet, China)
Africa: Chinese Hungry for Projects Aug 31, 2009
com: Africa: Chinese Hungry for Africa Projects (Page 1 of 1). Africa: Chinese Hungry for Africa Projects. (allAfrica.com)
Global Sources expands Virtual Buyer Meetings to help buyers and suppliers reduce costs in tough economic times Aug 31, 2009
" Virtual Buyer Meetings enable buyers to connect remotely to suppliers at over 60 Global Sources' sales representatives' offices around the world -- this allows buyers to meet qualified suppliers while, at the same time, saving substantial travel costs for the buyer. This service is especially valuable for emerging markets buyers -- such as buyers from India, Brazil, and Russia -- which often don't have a China-based sourcing office. One buyer and e-sourcing participant, Orient Craft, India's... (PR Newswire)
Chinese shares down 5% in intra-day trading Monday Aug 31, 2009
The Shenzhen Component Index closed at 10,723. 41 points, down 6. (Xinhuanet, China)
China Leads Asian Stock Market Tumble Aug 31, 2009
The Shenzhen Composite Index of China's second, smaller exchange tumbled 7. 2 percent to 904. (CBS News -- 60 minutes II)
China's stockmarkets: Another great leap Aug 30, 2009
Combined, China s two mainland bourses in Shanghai and Shenzhen are second only to America s, measured by the value of domestic listings ... Since foreigners are largely barred from investing in the mainland Chinese market, what goes on in Shanghai and Shenzhen used to be largely of interest only to local punters. (The Economist)
Legislature removes ex-Shenzhen mayor from deputy post Aug 28, 2009
China legislature removes former Shenzhen mayor from deputy post _English_Xinhua. China legislature removes former Shenzhen mayor from deputy post ... BEIJING, Aug. 27 (Xinhua) -- China's top legislature approved Thursday the removal of two officials, one the former mayor of south China's Shenzhen City, from their posts as deputies to the National People's Congress (NPC) for "serious violations of discipline.". (Xinhuanet, China)
China legislature ends session, adopts armed police law, climate change resolution Aug 28, 2009
It also approved the expulsion of two NPC deputies -- Xu Zongheng, former mayor of south China's Shenzhen City, and Liu Youjun, director of the Guangdong provincial department of labor and social security -- for "serious violations of discipline.". According to the Credentials Committee of the NPC Standing Committee, the total number of deputies to the 11th NPC stands at 2,979. (Xinhuanet, China)
As China apparel manufacturing shifts northward, Otto Group uses Private Sourcing Events to find new suppliers Aug 27, 2009
" Otto Group is based in Hamburg, Germany and has companies in Europe, the U.S. and Asia. The Otto Group generated revenues of US$12.8 billion with a staff of 50,000 people in 2008. In addition to retail sales, the Otto Group also has extensive interests in financial and other services. Buyers with US$646 billion in annual sales participate in August Private Sourcing Events Buyers representing $646 billion in annual sales met Global Sources pre- screened suppliers at nine Private Sourcing Events... (PR Newswire)
Small engines get greener Aug 27, 2009
27) at a technology forum in Shenzhen, China. Using an engine control unit (ECU) with fuel injectors, instead of a carburetor, the analog MC33812 IC is said to cut emissions on one- and two-cylinder engines used for lawn mowers and scooters. (EETimes)
Asian Stocks Decline as China Considers Production Curbs; Rio Tinto Falls Aug 27, 2009
6 percent in Shenzhen, while chemical maker slumped 8 percent in Tokyo on share-sale plans. declined 7. (Bloomberg -- Asia)
China stocks down on loan worries Aug 26, 2009
The Shenzhen Composite Index at China's smaller, second exchange fell 2 ... "With the high bank lending in the first half year, interim results of banks reflected concerns of bad loans," said Dai Shuang, an analyst for United Securities in Shenzhen. (BBC News -- Asia-Pacific)
Oberthur Technologies is the First Smart Card Supplier to Obtain CUP (China Union Pay) Certification for its Shenzhen Manufacturing Center in China Aug 25, 2009
PARIS, August 25 /PRNewswire-FirstCall/ -- Oberthur Technologies, one of the world's leading smart card vendors, announces the successful completion of CUP (China Union Pay) certification for its Shenzhen manufacturing center in China. The Oberthur Technologies Shenzhen manufacturing site is already providing several hundred million SIM cards globally for the Telecom industry, and is now supplying magnetic stripe and EMV cards to banking customers in China and throughout the Asia-Pacific region... (PR Newswire)
Warren Buffett's Electric Car Coming in 2010 Aug 25, 2009
In an interview at a BYD factory here, Mr. Wang said the company aims to use money from a planned new-share sale in China to help pay for the U.S. push, as well as for a second production line for automotive lithium-ion batteries near BYD's Shenzhen headquarters. He said BYD wants to build up its brand name in the U.S. by offering one of its most advanced cars, the five-seat e6, before eventually expanding its offerings. (Fox News)
Huawei Sees Gain in European Market Share, `Significant' U.S. Breakthrough Aug 24, 2009
The Shenzhen, China-based company is targeting a huge improvement in Europe this year with a focus on wireless equipment, , Huaweis vice president for western Europe, said in an interview in London. The company won $3 billion in contracts out of the $30 billion awarded in Europe last year, a 20 percent gain from a year earlier, with sales to all major operators, including and Telefonica SA, Watkins said. (Bloomberg -- Asia)
China Nepstar Chain Drugstore Reports Second Quarter 2009 Financial Results Aug 24, 2009
SHENZHEN, China, Aug. 24 /PRNewswire-Asia-FirstCall/ -- China Nepstar Chain Drugstore Ltd. (NYSE: ) ("Nepstar" or "the Company"), the largest retail drugstore chain in China based on the number of directly operated stores, today announced its unaudited financial results for the quarter ended June 30, 2009. Financial Highlights. (PR Newswire)
Beijing tops Hurun rich list with 143,000 millionaires Aug 24, 2009
The Hurun Report also defined the upper class in five other cities: Shanghai, Hangzhou, Shenzhen, Chengdu and Shenyang. The report is based on the luxury lifestyle of a typical rich family consisting of a 43-year-old husband, his 42-year-old wife and their child, aged 14. (Xinhuanet, China)
Global brands turn to China's young amid slump Aug 23, 2009
Brands, Inc., opened three outlets in Shanghai and the southern business center of Shenzhen starting in 2003 serving its distinctive spicy, salty food. All three restaurants had closed by last year, though a company spokesman in Shanghai, Sky Yu, said he had no details why. (The Star Online, Malaysia)
* After first-half losses, Taishin Financial expects profits ahead Aug 22, 2009
By that definition, Beijing, Tianjin, the planned economic zone on the west coast of the Taiwan Strait and Shenzhen are likely to be Taishins first four targets in China, Lin said. This story has been viewed 225 times. (Taipei Times, Taiwan -- World)
China plans to tighten lending standards Aug 22, 2009
We understand the regulator's concerns about the proportion of subordinated debt,'' Shenzhen Development Bank Co. Chairman Frank Newman said on an earnings conference call today. The bank hopes that any new rules are applied only to future debt sales, Newman said. (Sydney Morning Herald -- Business)
China Finance Online Reports Unaudited Second Quarter 2009 Results Aug 21, 2009
Through its subsidiary, Shenzhen Genius Information Technology Co. Ltd, the Company provides financial information database and analytics to institutional customers including domestic securities and investment firms. Through its subsidiary, Daily Growth Investment Company Limited, the Company provides securities brokerage services for stocks listed on Hong Kong Stock Exchange. (PR Newswire)
China Likely to Prop Up Stock Markets Aug 20, 2009
The index is cap-weighted and tracks the 300 most representative A-share stocks listed on the Shanghai and Shenzhen Stock Exchanges ... The National Social Security Fund reduced its net exposure to Shenzhen-listed A-shares by Rmb664 million ($97. (BusinessWeek)
Asian event garners list of sponsors Aug 20, 2009
The inaugural Asian Amateur Championship will be played Oct. 29 through Nov. 1 at Mission Hills Golf Club in Shenzhen, China. "Valuable partners are integral in fulfilling our mission and ensuring the event's success," said Tommy Lee, the chairman of the Asia Pacific Golf Confederation which governs the event. (The Augusta Chronicle)
* MORAKOT: THE AFTERMATH: SEF guarantees safety of prefab houses from China Aug 20, 2009
Maa made the remarks after meeting members of the Taiwan Merchant Association in Chinas Shenzhen City yesterday morning. The association yesterday donated NT$20 million (US$625,000) to the SEF.. (Taipei Times, Taiwan -- World Business)