Welcome, comrade Maobama Nov 17, 2009
We are otherwise very pleased that you have just described yourself as "America's first Pacific president" - even boasting a half-brother living in our gloriously booming special economic zone, Shenzhen. We find a remarkable convergence between "Pacific" and our own doctrine of heping jueqi - "sudden peaceful emergence". (Asia Times Online)
Positive FDI data drive Chinese shares 2.7% higher Nov 16, 2009
The Shenzhen Component Index added 3. 28 percent to 13,699. (Xinhuanet, China)
Freight ship unloads imported LNG in Shenzhen Nov 14, 2009
--"Haiying" freight ship with 60,000 tons of liquefied natural gas unloads at Dapeng Bay of Shenzhen, south China's Guangdong Province, May 26, 2006. The first ship of imported liquefied natural gas arrived at the receiving station in Shenzhen on Friday ... --"Haiying" freight ship with 60,000 tons of liquefied natural gas unloads at Dapeng Bay of Shenzhen, south China's Guangdong Province, May 26, 2006. (Xinhuanet, China -- Business)
Car Audio China Nov 14, 2009
Shenzhen Baiteman Tech. Company Limited is based in Shenzhen City of Guangdong Province. (Suite101.com)
Obama meets half-brother Nov 14, 2009
Ndesandjo and his Chinese wife set off for Beijing on Friday from their home in Shenzhen a southern city neighbouring Hong Kong to prepare for Obama's arrival, a spokesperson for AmCham in South China told AFP. ... The half-brother, who reportedly runs a business consultancy in Shenzhen, last met Obama when he visited the United States during the presidential election. (iAfrica.com)
U.S. President Obama impresses young Chinese Nov 14, 2009
Obama's half brother, Mark Okoth Obama Ndesandjo has lived in Shenzhen for seven years. "I think his first visit to China and meeting its people will give him new impressions, which will improve our bilateral ties," said Ding. (Xinhuanet, China)
China's Yuan `Straitjacket' Risks Inflating Asset Bubbles as Growth Surges Nov 13, 2009
In the eastern city of Shenzhen, home prices climbed 11 percent that month from a year earlier. Policy makers have said they want to keep the yuan stable to help exporters, even as government figures last month showed gross domestic product rose 8. (Bloomberg)
Tug-of-war overPearl River Delta Nov 13, 2009
Shenzhen and Dongguan will be a center on the east bank of the Pearl River; the Zhuhai Economic Special Zone will serve as the center for the urban areas on the west bank of the Pearl River; and finally, Guangzhou and Foshan will be merged into a larger city ... In 2007, the foundation published a report recommending a merger between Hong Kong and Shenzhen, once the former British colony is fully part of China, in 2047 ... The Shenzhen municipality said in a working paper in 2006 that the city... (Asia Times Online)
XSEL Announces Financial Results for the Third Quarter 2009 Nov 12, 2009
Headquartered in Beijing, the Company employs more than 1,000 people and has offices and affiliates in major cities throughout China including Beijing, Shanghai, Guangzhou, Shenzhen and Hong Kong. The Company's American Depository Shares are listed on the NASDAQ Global Market (NASDAQ: - ). (Yahoo! Wire -- Entertainment News)
Price hike at the pump really burdening Nov 11, 2009
As expected, most automobile stocks tumbled Tuesday in Shanghai and Shenzhen stock exchanges, as investors worry the record-high gas price is certain to dampen car sales. However, stock prices of Sinopec and PetroChina dipped too after a short rally in the morning, possibly because investors do not believe the elevated pump price is sustainable, as the United States' unemployment rate is not declining, the credit crunch stubbornly refuses to go, and China's car ownership is not to grow much in... (People's Daily Online, China)
Lefty leads the way Nov 10, 2009
In the early 1990s when we played the World Cup at Mission Hills in Shenzhen, there were 40 some golf courses in China. Today there are over 500, he told a news conference. (The Star Online, Malaysia -- Sports)
Chinese shares open to surpass 3,200 mark Nov 10, 2009
The Shenzhen Component Index added 0. 75 percent to open at 13,133. (Xinhuanet, China)
China's new Nasdaq-style board sees wild start Nov 9, 2009
The 28 stocks on the ChiNext board in the southern boomtown of Shenzhen repeatedly tripped circuit-breakers in place 00004000 to curb rampant speculation as keen buyers ignored warnings from regulators to trade in a "rational" way ... I think the ChiNext board is very likely to see big fluctuations in the future," Yan said. Ahead of the start of ChiNext trade, the chairman of the China Securities Regulatory Commission, Shang Fulin, cautioned investors by saying start-up stocks have potential for... (Sydney Morning Herald -- Business)
* Chinas ChiNext market goes crazy in first week Nov 9, 2009
The 28 stocks on the ChiNext board in the southern boomtown of Shenzhen repeatedly tripped circuit-breakers in place to curb rampant speculation as keen buyers ignored warnings from regulators to trade in a rational way. After a massive debut surge for all shares on Oct. 30, with some soaring as much as 210 percent amid feverish buying, subsequent sessions saw stocks see-sawing up and down by the 10 percent limit in place on all Chinese bourses. (Taipei Times, Taiwan -- World)
United Commercial Bank goes to East West Nov 9, 2009
East West has four full-service branches in China two in Hong Kong and one each in Shanghai and Shantou and representative offices in Beijing, Guangzhou, Shangahi and Shenzhen, as well as Taipei, Taiwan. UCB s branch in Shanghai was part of the transaction. (San Jose Business Journal, CA)
ChiNext Exchange Opens Door To Capital For Small Local Firms Nov 8, 2009
ChiNext, also known as the Growth Enterprise Market or GEM, is a secondary board of the Shenzhen Stock Exchange in southern Guangdong province. Unlike the big government enterprises mostly found on other mainland exchanges, the newly listed firms on ChiNext provide a window into China's entrepreneurial laboratory. (Investors Business Daily)
China's new Nasdaq-style board sees wild start Nov 8, 2009
The 28 stocks on the ChiNext board in the southern boomtown of Shenzhen repeatedly tripped circuit-breakers in place to curb rampant speculation as keen buyers ignored warnings from regulators to trade in a "rational" way ... "There are good companies on the board but they are too expensive at the moment," La Bo, a Shenzhen-based analyst at Great Wall Securities, told AFP.. (Yahoo News -- Press Releases)
Rapport from people to leader, says former envoy Nov 8, 2009
Now several Chinese airlines including Air China and China Southern, even Shenzhen Air, have services to Malayia. This has led to the tremendous explosion in travel and contact, he added. (The Star Online, Malaysia)
PetroChina eyes gas storage tanks Nov 7, 2009
(Source: Shenzhen Daily/ Agencies). Editor: Yang Li. (Xinhuanet, China -- Business)
China's sleepy Hengqin wakes up Nov 6, 2009
Nowadays, both in Hong Kong and on the mainland, there is no lack of talk about a merger of Hong Kong with Shenzhen, its mainland neighbor, to form a mega-metropolis ... In another jaw-dropping proposal, the Bauhinia Foundation, a policy think-tank closely associated with the Hong Kong government, has even proposed the merger of Hong Kong and the mainland border city of Shenzhen, a special economic zone, to form a mega-city of 20 million people ... Several years ago, when development in Shenzhen... (Asia Times Online)
Washburn: Tiger growing the game » Nov 6, 2009
At Sand River Golf Club in Shenzhen, China, the bright white spheres, arranged neatly on plastic trays, looked to the 4-year-old just like tangyuan, the round dumplings made of glutinous rice flour traditionally served during the first full moon of the Chinese New Year ... So the show went on, much to the relief of the event's organizers, IMG and Shenzhen's Mission Hills Golf Club, who had been planning the spectacle for nearly 18 months ... The setting was ideal: Shenzhen, the first of China's... (ESPN -- Golf)
Obama's half brother: Dad abusive Nov 6, 2009
However, he spoke out Wednesday regarding his semi-autobiographical book, "Nairobi to Shenzhen.". An engineer by trade, Ndesandjo moved to Shenzhen, , after losing his job in the United States seven years ago ... He owns a small chain of restaurants in Shenzhen and teaches piano to orphans. (CNN -- International)
Sales volume of China Vanke surges 95% in Oct. Nov 6, 2009
The combined space sold in October topped 608,000 square meters, up 31 percent year on year, the developer said in a statement to the Shenzhen Stock Exchange ... Equities of the Shenzhen-listed firm added 1. (Xinhuanet, China)
Obama’s half brother says president’s success inspired his own book Nov 5, 2009
It is the tale of his little-known, publicity-shy younger brother, Mark Okoth Obama Ndesandjo, who has lived in the Southern Chinese city of Shenzhen for seven years and has just produced his autobiographical novel, From Nairobi to Shenzhen. Speaking out for the first time publicly, after largely avoiding the media, Ndesandjo yesterday made only a few references to his famous brother, saying: We are family. (Boston Globe)
China hints at moveto rein in growth Nov 5, 2009
Zhang Howhow, an analyst at the Shanghai-based fund consultancy, Z-Ben Advisors, said a few more domestic fund houses, including Changsheng Fund Management Co, owned partly by Singapore-based DBS, Bosera Asset Management Co, owned partly by Shenzhen-based Merchants Securities, and UBS SDIC Fund Management Co, will receive investment quotas of $1 billion each before the end of this year ... The CSI 300 Index, which tracks representative A-share stocks listed on the Shanghai or Shenzhen stock... (Asia Times Online)
Obama's half-brother makes novel debut Nov 5, 2009
Mark Okoth Obama Ndesandjo, a half-brother of U.S. President Barack Obama, introduces his first novel "Nairobi to Shenzhen" during a pre-launch news conference held by the American Chamber of Commerce in South China, in the southern Chinese city of Guangzhou November 4, 2009 ... His partly fictional novel is entitled Nairobi to Shenzhen ... Mark Okoth Obama Ndesandjo, a resident of Shenzhen, Guangdong province, for the past seven years, said at a press conference in Guangzhou that his book is... (People's Daily Online, China)
Obama's Brother Launches Bio/Novel in China Nov 5, 2009
Mark Okoth Obama Ndesandjo -- who had the same, late, father as the U.S. President -- has kept a low public profile since reports surfaced last year that he was living and working in the southern Chinese capitalist and manufacturing haven of Shenzhen, around an hour's train ride from Hong Kong ... While he said his work, "Nairobi to Shenzhen" is a fictional account, it started off nearly 10 years ago as an autobiography and "reflects many experiences in my own life as a child brought up in... (Newsmax)
President's half-brother makes novel debut Nov 5, 2009
Until now Mr Ndesandjo has avoided the press, wrapping himself in the anonymity of Shenzhen, a former fishing village near Hong Kong that is now a city of 8 million. But Mr Ndesandjo has now written an autobiographical novel, Nairobi to Shenzhen: A Novel of Love in the East, that reflects his wanderings, the wrestling over his racial identity, his quest to find acceptance in modern China, and, mostly, the struggle to understand his father. (Sydney Morning Herald -- World)
Obama father 'abusive', says president's half-brother Nov 5, 2009
But in a news conference to promote the novel Nairobi to Shenzhen, he said a string of extraordinary events - including his brother being elected president - made him come to terms with his past ... For the past seven years, Mr Ndesandjo has been living in the city of Shenzhen, near Hong Kong, and has until now refused all interview requests. (BBC News -- Americas)
Obama's half-brother speaks of their abusive father Nov 5, 2009
Ndesandjo, who has lived in the southern Chinese city of Shenzhen for seven years, said he wrote Nairobi to Shenzhen after a string of extraordinary events -- including his brother being elected president -- made him come to terms with his past. "My father beat me. He beat my mother. You just do not do that," he told a press conference hosted by the American Chamber of Commerce in South China and attended by representatives of the US Consul-General here. (Sydney Morning Herald -- World)
China electrifies urban transit Nov 4, 2009
The initiative calls for more than 10 of China's large cities, such as Shanghai, Beijing, Chongqing, Shenzhen, Wuhan and Zhuzhou, to put 1,000 alternative fuel vehicles on the streets within the next three to four years. The plan also calls for public services - taxis, postal services, public transit companies, government agencies - to adopt at least 60,000 alternative fuel vehicles. (Asia Times Online)
* Chinese movie industry turns to capital markets Nov 4, 2009
Huayi Brothers Media Corp (S) debuted on Chinas new small companies market in Shenzhen on Friday, surging 148 percent on its first day of trading. The state-run China Film Group (qv) is planning to list in Shanghai, spokesman Weng Li () told reporters recently. (Taipei Times, Taiwan -- World Business)
Obamas half brother: Our father was abusive Nov 4, 2009
New novel Nairobi to Shenzhen is patterned in part on Barack Obama Sr. ... In his first interview, Mark Ndesandjo told The Associated Press that he wrote "Nairobi to Shenzhen" in part to raise awareness of domestic violence ... For the past seven years, Ndesandjo has been living in the booming southern Chinese city of Shenzhen, near Hong Kong, and has refused all interview requests until now. (MSNBC -- Politics)
Iszaimis impressive show set to earn him SEA Games berth Nov 4, 2009
PETALING JAYA: Amateur golfer Mohamad Iszaimi Ismail did his chances of making the team for the SEA Games a world of good by emerging as the best Malaysian performer in the Asian Amateur Championship at the Mission Hills Golf Club in Shenzhen last weekend. The 19-year-old put up an impressive performance to finish seventh in the 120-player field for the inaugural tournament. (The Star Online, Malaysia -- Sports)
Techwell Introduces Two Multi-Channel Video Decoder Solutions With Embedded PCI Express Interface to Simplify Hardware Design Nov 3, 2009
Demonstrated at the CPSE show in Shenzhen, China earlier this week, the TW6864 and TW6868 take advantage of the significantly faster speed and overall larger data bandwidth of the PCI Express interface -- a feature in high demand for security surveillance systems utilizing a software compression PC DVR card. The TW6864 and TW6868 support both real time and non-real time video and can output multiple video resolutions including D1, half D1, and CIF, providing maximum application flexibility. (Primezone Releases)
Maybank unveils renminbi service Nov 3, 2009
It will enable importers and exporters in the region to settle cross-border trade transactions with eligible companies located in Shanghai, Guangzhou, Dongguan, Zhuhai and Shenzhen as well as external enterprises in designated countries, namely those in Asean, Hong Kong and Macau. Mainland designated enterprises (MDEs), which are registered with the Chinese authorities, are allowed to settle their cross-border trade transactions in RMB.. (The Star Online, Malaysia -- Business)
Third leading Chinese movie studio eyes listing, this time on New York Stock Exchange Nov 3, 2009
Huayi Brothers Media Corp. debuted on China's new small companies market in the southern city Shenzhen on Friday, surging 148 percent on its first day of trading. The state-run China Film Group is planning to list in Shanghai, spokesman Weng Li told the AP recently. (FOX61, CT)
China voices concern over India's visa policy Nov 3, 2009
Pan Xiaoyong, a technician with Huawei Technologies, a major Chinese telecommunications equipment supplier based in Shenzhen, said the firm was currently staging an urgent hunt for technicians holding India business visas to fill up the vacancies created by the new visa policy. Chinese businesses in South Asia generated $18 billion in 2008, mostly in India, according to Chinese experts. (India Times)
ChiNext: to boom or to doom? Nov 3, 2009
80 times at main boards in Shanghai and Shenzhen bourses respectively ... It also reminded of the launch of board for small and medium-sized enterprises at Shenzhen Stock Exchange market on June25, 2004, when shares of eight new stocks rose more than 130 percent ... The Shenzhen Stock Exchange issued special suspension rules to clamp down on speculation. (Xinhuanet, China)
Han seals Masters spot with Asian Amateur title Nov 2, 2009
The 17-year-old had a two-shot lead going into the fourth and final round of the tournament at the Mission Hills complex near Shenzhen and never wavered after firing an eagle 3 on the second hole. Han's compatriot Eric Chun finished second at 7-under-par to win a place alongside the victor in international final qualifying for next year's British Open at St. Andrews. (ESPN -- Golf)
Han leads Asian Amateur entering final round Nov 1, 2009
SHENZHEN, China -- Han Chang-won of South Korea has shot a 1-under 71 to build a two-shot lead going into the final round of the Asian Amateur Championship, putting him one round away from earning an exemption to the Masters. Han seized control Saturday with two early birdies, then hung on at Mission Hills to finish three rounds at 10-under 206. (ESPN -- Golf)
South Korea's Han shares Asian Amateur lead Oct 31, 2009
SHENZHEN, China -- Han Chang-won of South Korea has shot a 3-under 69 to share the 36-hole lead with of Australia in the inaugural Asian Amateur Championship. Asian Amateur Championship. (ESPN -- Golf)
China launches funds to back high-tech sectors Oct 31, 2009
The NDRC and the Ministry of Finance signed the agreement with 7 local governments of Beijing, Jilin, Shanghai, Anhui, Hunan, Chongqing and Shenzhen. Editor: Mu Xuequan. (Xinhuanet, China)
China stocks surgeon new board debut Oct 31, 2009
HONG KONG - The world's newest stock exchange opened with a bang in China on Friday, with money flooding in to drive up the price of all 28 companies listed on the ChiNext board, based in the southern city of Shenzhen ... The ChiNext market has less stringent listing requirements than the nation's two main boards, including Shenzhen's board for small- and medium-sized companies ... "Investors who cannot buy shares in the new market will look at shares of similar kinds in the Shenzhen and... (Asia Times Online)
* China launches stock market for small companies Oct 31, 2009
Huayi Brothers Media Corp (SC), one of Chinas top movie studios, surged 210 percent by midday on the ChiNext exchange in Shenzhen ... Huayi Brothers and most of the other companies on the new exchange are privately owned, while Chinas main exchanges in Shanghai and Shenzhen are dominated by government enterprises ... The size of share offerings on ChiNext was small compared with the multibillion-dollar initial public offerings on the main boards in Shanghai and Shenzhen, but... (Taipei Times, Taiwan -- World)
Strong start for China's 'Nasdaq' Oct 31, 2009
The surge in share prices was so dramatic that by the midday break trading had to be temporarily suspended by the Shenzhen Stock Exchange, which hosts the new index. Six companies on ChiNext are in biotech or pharmaceuticals, and others are in information technology, energy efficiency, telecoms, medical equipment, entertainment and electronics. (BBC News -- Asia-Pacific)
Perfect World Announces Appointment to the Board of Directors Oct 31, 2009
He currently serves as a director of several companies, such as MainOne Information Technology Co., Ltd. and Mobi Antenna Technologies (Shenzhen) Co., Ltd. From 2000 to 2001, he served as an investment officer and director of Softbank China Venture Capital, a venture capital firm in China. Mr. Yang received his bachelor's degree in computer science from Tsinghua University in 1995, and his master degree in accounting from University of Southern California in 1997. (Yahoo! Wire -- Entertainment News)
Investors fly as ChiNext gets off to busy start Oct 31, 2009
BEIJING, Oct. 31 -- China's NASDAQ-like bourse, ChiNext, was off to a flying start in Shenzhen on Friday ... The Shenzhen Stock Exchange has adopted regulations to curb excessive speculation, which say trading in newly listed shares will be suspended for 30 minutes if their values rise or fall 20 percent from their opening prices, and for another 30 minutes if they move 50 percent either way. (Xinhuanet, China)
China's Nasdaq-style board starts trading Oct 30, 2009
Delegates of the first batch of 28 selected firms for China's ChiNext pose for photos during the listing ceremony in Shenzhen, south China's Guangdong Province, Oct. 30, 2009. China's Nasdaq-style market, ChiNext, made their debut Friday on the Shenzhen-based exchange ... SHENZHEN, Oct. 30 (Xinhua) -- Twenty-eight small and medium-sized enterprises Friday started trading their shares at China's Nasdaq-style market, ChiNext, in Shenzhen, Guangdong Province. (Xinhuanet, China)
Pakistani knows about Augusta Oct 30, 2009
How a young man from Karachi, Pakistan, came in contact with the Jaguars was the same attraction that brought Hai and 115 other players to Shenzhen, China, this week for the inaugural Asian Amateur Championship. "Because of Augusta National," Hai said of the inspiration that prompted him to apply for a college scholarship. (The Augusta Chronicle)
Twenty-eight small and medium-sized enterprises Friday started trading their shares at China's Nasdaq-style market, ChiNext, in Shenzhen, Guangdong Province.• All stocks trigger suspensions on Nasdaq-style board Oct 30, 2009
The index screen shows the increase of the opening prices of the first batch of 28 selected firms for China's ChiNext after their debut in Shenzhen, south China's Guangdong Province, Oct. 30, 2009. The first batch of 28 selected firms for China's Nasdaq-style market, ChiNext, made their debut Friday on the Shenzhen-based exchange ... SHENZHEN, Oct. 30 (Xinhua) -- All 28 stocks on China's new Nasdaq-style market for small and medium-sized companies had been temporarily suspended within the first... (Xinhuanet, China)
Asian shares rebound on US growth Oct 30, 2009
Across the border in Shenzhen, Chinese investors flocked to the new start-up ChiNext market on its first day of trade. All 28 shares in the market have been halted for 30 minutes at least once after they rose 20 per cent from their opening prices, setting off circuit-breakers and underscoring massive speculation in China's nascent stock market. (Sydney Morning Herald -- Business)
China's Han shoots 65 for Asian Amateur lead Oct 30, 2009
SHENZHEN, China -- Han Ren, a Chinese golfer playing collegiately at Indiana University, shot an opening-round 65 Thursday to lead the inaugural Asian Amateur Championship at Mission Hills Golf Club ... He moved to British Columbia, Canada, from Shenzhen in 2003. (ESPN -- Golf)
Stocks sizzle as China debuts start-ups market Oct 30, 2009
ChiNext, part of the Shenzhen Stock Exchange in booming southern China, started out with a market capitalization more than 100 times that of China's main Shanghai Stock Exchange, which launched in 1990, and vastly deepens China's capital markets by expanding funding channels for small innovative firms ... It is typical for IPOs listing in Shenzhen to double or triple on their debut because of their low capitalization. (Yahoo News -- Press Releases)
Spring Airlines keen to work with AirAsia X Oct 30, 2009
Shanghai-based Spring Airlines flies to almost all major cities in China while AirAsia X has routes from KL to seven Chinese cities Haikou, Shenzhen, Guangzhou, Tianjin, Hangzhou, Chengdu and Guilin. Most Viewed. (The Star Online, Malaysia -- Business)
China leads solar home revolution Oct 29, 2009
At present, the Shenzhen Special Economic Zone next to Hong Kong, eastern Nanjing, Zhengzhou and Xiamen, and Shijiazhuang near Beijing, are among cities that make SWH systems compulsory on newly built and rebuilt residential buildings at 12 stories or below. In Shanghai, the local government is also pushing for an increase in the solar collecting area. (Asia Times Online)
Winner of Asian Amateur event gets Masters bid Oct 28, 2009
SHENZHEN, China -- A berth in the 2010 Masters, plus a spot in the International Final qualifying tournament for the 2010 Open Championship at St. Andrews, is on the line in the Asian Amateur Championship which begins here Thursday. The field of 116 players comes from 30 countries. (ESPN -- Golf)
Diamond sales sparkling in China Oct 27, 2009
An employee reaches for a diamond necklace at a jewelery shop in Shenzhen, China, October 19. Tyrone Siu/REUTERS/FILE. (Christian Science Monitor -- World)
Insurers denied runof property Oct 27, 2009
The law was revised in 2002 to slightly broaden investment channels by allowing insurers, in principle, to buy and sell securities traded on the Shanghai and Shenzhen stock exchanges ... Even given the relatively slow process of developing offices in the larger cities such as Beijing, Shanghai, Guangzhou and Shenzhen, the possible inflow of 170 billion yuan or so is unlikely to have a significant impact ... Li Anmin, vice general manager of Shenzhen-based Hua'an Insurance, told the China... (Asia Times Online)
Club makes departure to serve game Oct 26, 2009
The inaugural Asian Amateur Championship begins Thursday at Mission Hills Golf Club in Shenzhen, China, with 117 young men from 30 APGC member countries ... WHERE: Mission Hills Golf Club in Shenzhen, China. (The Augusta Chronicle)
Wuhan Steel Full-Year Profit May Decline by More Than 50% on Lower Prices Oct 26, 2009
Prices are under pressure due to overcapacity, Chu said today by phone from Shenzhen today. We expect the market to recover next year. (Bloomberg -- Asia)
Net profit of China's largest property developer up 30% Oct 26, 2009
54 billion yuan, it said in the quarterly report to the Shenzhen Stock Exchange. The Shenzhen-based company sold 5. (People's Daily Online, China)
China launches its NASDAQ-style market in Shenzhen Oct 24, 2009
China held a launching ceremony Friday for its Nasdaq-style market in Shenzhen ... BEIJING, Oct. 23 (Xinhua) -- China held a launching ceremony Friday for its Nasdaq-style market, ChiNext, in Shenzhen, Guangdong Province ... The first batch of 28 selected firms will make their debut on Oct. 30 on the Shenzhen-based exchange. (Xinhuanet, China)
China launches Nasdaq-style board Oct 24, 2009
Gold confetti rained down on Friday on a red ticker reading "Formally launched" in Chinese as the theme from the movie "Superman" blared in a hotel in the southern boomtown of Shenzhen, where ChiNext trade will begin on October 30 ... Shares in 28 start-ups, ranging from software developers to medical device producers, will be on offer next week on the board run by the Shenzhen Stock Exchange ... "The Shenzhen bourse... must closely monitor the debut session trading to prevent excessive... (Sydney Morning Herald -- Business)
China-ASEAN FTA to accelerate RMB regionalization Oct 24, 2009
In April, China announced a pilot program to settle cross-border trade deal in yuan in five cities including Shanghai, Guangzhou, Shenzhen, Zhuhai and Dongguan. Currently, China has sealed cooperation agreements of bilateral trade settlement with the central banks of Laos and Vietnam in ASEAN.. (Xinhuanet, China)
