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)
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)
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)
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)
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)
* 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)
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)
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)
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'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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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-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)
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 opens 'Nasdaq-style' market Oct 23, 2009
China is launching its long-awaited Nasdaq-style stock market in the southern city of Shenzhen ... Gem's focus on these new industries has drawn comparisons with New York's Nasdaq exchange, although with less than 30 expected to list in Shenzhen it is a fraction of the size of the US exchange which lists nearly 4,000 clients. (BBC News -- Asia-Pacific)
Hong Kong law under Beijings shadow Oct 23, 2009
According to Zhang, Zhou has been in prisons on the mainland since Hong Kong immigration authorities bundled him into a car, drove him across the border and handed him over to officials in the city of Shenzhen. All this, she says, she learned from telephone calls and e-mails from a former inmate in a Shenzhen prison where Zhou was also detained ... She claims a second informant, a former inmate at another Shenzhen jail, told Zhou's family that he had been forced to change his name to Wang Hua. (Asia Times Online)
Fujitsu Establishes New Subsidiary in South China to Create Greater Value for Customers in the Region with Stronger Business Focus and Enhanced Synergy Oct 22, 2009
Shenzhen and Hong Kong, Oct 21, 2009 - (ACN Newswire) - Fujitsu today announces the official establishment of Fujitsu South China Limited, a subsidiary of Fujitsu Hong Kong Limited, which will focus on serving customers based in the South China region covering Guangdong, Guangxi, Fujian and Hainan provinces, and China's fast-growing banking and financial sectors. Established with an initial investment of US$1. (JCN Network, Japan)
"State Legacy" moves to Shenzhen from Manchester Oct 22, 2009
Wang Guanyi's installation, "East Wind - Golden Dragon." (Photo: Shenzhen Daily) ... BEIJING, Oct. 22 -- A contemporary art exhibition, "State Legacy: Research in the Visualization of Political History," is being staged at the OCT Contemporary Art Terminal in Overseas Chinese Town (OCT), Nanshan District of south China's Shenzhen following a two-month show in Manchester, Britain, from April through June this year ... "Manchester and Shenzhen are two cities with special meanings as the former is... (Xinhuanet, China)
XSEL Sells Hyperlink Research to INTAGE Inc. Oct 21, 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. Xinhua Sports & Entertainment Limited shares are listed on the NASDAQ Global Market (NASDAQ: - ). (Yahoo! Wire -- Entertainment News)
China's biggest jackpot win in mystery Oct 21, 2009
In June, a software engineer broke into the database of the Welfare Lottery centre in Shenzhen and changed the entries for five winning tickets. Those tickets were among nine that won the top prize in the "dual-coloured ball" lottery June 9. (India Times)
British theater to stage "Romeo and Juliet" in China Oct 21, 2009
The tour will run in Tianjin, Shenzhen, Guangzhou, Beijing, Ningbo, Hangzhou and Xi'an. In addition, the theater will also stage Jonathan Swift's classic "Gulliver's Travels" on November 13 and 14 in Beijing. (Xinhuanet, China)
Nidec to Solidify Sales Foothold in China Oct 20, 2009
KYOTO, Japan, Oct. 20, 2009 (GLOBE NEWSWIRE) -- Nidec Corporation (NYSE: - ) today announced that Nidec (H.K.) Co., Ltd., one of its wholly owned sales subsidiaries in China, has established a subsidiary company in Shenzhen City, Canton, China (the "Shenzhen Office") ... Objectives of the Shenzhen Office The Shenzhen Office is intended to perform the central role in Nidec's customer management initiatives and new market exploration in South China, the fast-growing international industrial area... (Primezone Releases)
Adieu, Couture. Farewell, Ready-To-Wear Oct 20, 2009
It emphasizes how the mass exodus of factories to Shenzhen and beyond has impacted the American fashion worker ... Shenzhen will not save us. (Slate)
Chinese culture presented at Frankfurt Book Fair Oct 20, 2009
(Photo: Shenzhen Daily) ... (Source: Shenzhen Daily). (Xinhuanet, China)
China's challenges Oct 20, 2009
" Talking targetsChina's President Hu Jintao and Premier Wen Jiabao have both spoken forcefully on the need to curb global emissions of greenhouse gases. But they are in a bind. They need to increase the economy to help lift people like Liu out of poverty - and there are hundreds of millions of people like her on less than $2 a day. Downtown Shenzhen looks much like any large US city China, like other emerging nations, demands that rich countries cut 40% of their emissions (based on 1990 levels)... (BBC News)
China's Nasdaq-style board late Oct trade: report Oct 19, 2009
A launch ceremony for the second board, which will be based in the southern boom town of Shenzhen, will be held on October 23, the China Securities Journal reported, citing an unnamed Shenzhen Stock Exchange official. Regulators hope the new market will help fuel start-ups and other companies with high-growth potential in the world's third-largest economy, following the example of Wall Street's Nasdaq. (Yahoo News -- Press Releases)
The taxing issue of doing business in China Oct 19, 2009
Place Design Group is now a wholly-owned foreign company in China with 40 staff in Shenzhen and Shanghai and a portfolio of over 100 prestige resort and residential projects most recently, the grounds of the Intercontinental hotel in Shenzhen. Mr Munday says his group would still set up in China, despite the cost hikes, although they would be looking at the Middle East and India as well. (Sydney Morning Herald -- Business)
Yuan Forwards Strengthen for Fifth Day as Recovery Fuels Appreciation Bets Oct 19, 2009
The good GDP data may strengthen investors expectations that the yuan will rise, but the reference rates show the central bank still doesnt think its an appropriate time because exports are still weak, said , a Shenzhen-based foreign-exchange analyst at China Merchants Bank Co., the countrys sixth-largest lender ... Investors may be awaiting the open-market auctions tomorrow to see if the central bank will let the bill yield rise, said , a bond analyst at Guohai Securities Co.... (Bloomberg -- Asia)
Asian Stocks Rise on Oil Prices, China Growth Speculation; Asustek Climbs Oct 19, 2009
3 percent after the China Securities Journal said apartment sales in the city of Shenzhen climbed. Taiwans rose 4. (Bloomberg -- Asia)
China to launch Nasdaq-style board on Oct 23 Oct 18, 2009
BEIJING: China will launch its long-awaited Nasdaq-style ChiNext board in Shenzhen on October 23, state media reported on Saturday ... China will launch its long-awaited Nasdaq-style ChiNext board in Shenzhen on October 23, state media reported Saturday. (India Times, India)
* Business Quick Take Oct 18, 2009
China will launch its long-awaited NASDAQ-style ChiNext board in Shenzhen on Friday, state media reported yesterday. Shang Fulin (|L), chairman of the China Securities Regulatory Commission, announced the start date of the growth enterprise market at a forum in Beijing, Xinhua news agency reported. (Taipei Times, Taiwan -- World)
A.O. Smith profit soars; firm lifts outlook Oct 17, 2009
Included in the third-quarter 2009 earnings was a $3 million non-taxable net gain associated with the sale of a motor manufacturing plant in Shenzhen, China, and a $1. 5 million tax benefit resulting from the closure of 2005 and 2006 federal income tax returns. (Milwaukee Business Journal, WI)
China to launch its Nasdaq-style GEM on Oct. 23 Oct 17, 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. BEIJING, Sept. 17 (Xinhua) -- The first seven companies applying for listing on the Growth Enterprise Market (GEM), a Nasdaq-alike market in China, have got green lights from the country's securities regulator on Thursday. (Xinhuanet, China)
Stock markets close up by more than 2 pct Oct 16, 2009
The major index of Shenzhen Stock Exchange, the Shenzhen Component Index, was up 2. 63 percent to close at 4,327. (Xinhuanet, China -- Business)
China-bound ex-Ford engineer charged Oct 16, 2009
He's accused of doing much of the work in December 2006, less than a month before quitting Ford to work for a company in Shenzhen, China. By spring 2008, Yu used some of the Ford information while hunting for another job in China, according to the indictment. (The Clarion-Ledger)
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)
China House Prices Climb, Investment Inflows Surge on Stronger Recovery Oct 15, 2009
In the house price data, the southern export hub of Shenzhen led the gains, with an 11. 1 percent increase in September from a year earlier. (Bloomberg -- Asia)
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)
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)
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)
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)
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)
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)
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)
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)
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)
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)
