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    News and Articles on Shenzhen

    Archives: Shenzhen

    PetroChina eyes gas storage tanks  Nov 7, 2009
    (Source: Shenzhen Daily/ Agencies). Editor: Yang Li. (Xinhuanet, China -- Business)

    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)

    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)

    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)

    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 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 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)

    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)

    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)

    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)

    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)

    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)

    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)

    * 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)

    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)

    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)

    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)

    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)

    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)

    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)

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