China Railway Construction Bonds
Through the approval from the National Development and Reform Commission, Ministry of Railways will issue 2008 first China railway construction bonds in public.
Three Gorges Underground Power Plant and Power Station Construction
National Development and Reform Commission recently made an approval on the Three Gorges underground power plant and power station construction. It is reported that the total static investment for the project is 7375 million yuan.
Rules on Share Investment Funds
Vice Financial Secretary of Financial Development and Reform Commission says that China Development and Reform Commission are stepping up efforts to formulate the rules on share investment funds and to establish the relative associations so as to greatly solve the access issues for institutional investors.
Influence from American:
The United States take the lead in launching a series of measures to save the stock market, under the influence of that, the global stock markets were collectively increasing, and even successively created the largest single-day rise for decades.
Policies in China:
On September 21, 2008, Securities Regulatory Commission loosen the Policy on buying back the shares for Listed Companies:
Securities Regulation Commission issued the relevant comment draft to prescribe that if the listed companies want to purchase the shares, they only need to get the approval from the general meeting of shareholders.
On September 20, 2008, Wen Jiabao: To Keep the Stability of Financial Markets; To Maintain Stability in the Stock Market
Wen Jiabao pointed out that we must strengthen and improve macro-control to promote the fast and sound long-term economic development; especially we must hold the balance point of stability in economic development and the control in inflation so as to maintain stability for macro-economy, financial market and the stock market.
On Sept. 18, “combinatory punch”
From Sept. 19, the tax adjustment that the stamp duty would be levied unilaterally had been put into use. The SASAC supported the central companies to hold or buy back the shares of listed companies. The Huijing Company increased the holdings of listed banking shares.
September 15, the central bank announced to lower the interest rates
China’s central bank said on Monday it would reduce the benchmark loan interest rate and the reserve requirement ratio for commercial banks to ensure a steady and rapid economic growth.
The benchmark interest rate for one year yuan denominated loans will be adjusted down 0.27 percentage points from Tuesday, its first downward movement since October 2004.
Xiamen becomes the First Base to service Airplane Engine in Asia
Airplane engine maintenance capital project of Xiamen Taikoo has been formally signed by Xiamen Municipal Government. This contract increases 80 million USD capital, while the total investment of engine maintenance project reaches 0.19 billion USD, which become the third base in the world and the first large base in Asia.
Chongqing proposes to build the most luxurious loose wheel within the world inland river
The reporter learns from the Chongqing Bureau of Tourism that Chongqing proposes to build the largest, most luxurious, safest five-star loose wheel within the world inland river. It is estimated that the project will be completed next year, and put into use in April, which will be mainly used to carry the tourists for leisure and tourism.
Most Advanced World Third Generation Nuclear Power Plant will be built in China
February 26 and July 29 this year, the projects in Sanmeng Zhejiang and Haiyang Shandong had been started in advance.
The introduction of AP1000 technology is the great technology introduction work with the national management level.
Joint project management agency (JPMO) makes up of American Westinghouse, State Nuclear Power Technology Corporation, and personnel of project owner in Chinese side. JPMO on behalf of the State Nuclear Power Technology Company takes on the AP1000 project construction management.
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