China Financial Daily

November 3, 2008

Chen Shuibian Corruption

Filed under: Financial News — Tags: — Nancy @ 11:47 am -0800

Taiwan prosecutors arraign Wu JingMao and Cai Mingzhe to inspect overseas funds transfer of Chen Shuibian
In the afternoon of September 3, prosecutors arraigned Wu Shuzhen’s brother Wu Jingmao to explain the overseas funds transfer of Chen Shuibian family.

220 million was transferred to overseas accounts of Chen Shui-bian
According to the PRC, “the Straits City News” reported today, as to the Longtan land scandal, there 220 million was transferred to overseas accounts of Chen Shui-bian

Share/Bookmark

Losses brought by natural disasters

Filed under: Financial News — Tags: — Nancy @ 11:04 am -0800

Cuban government estimated that two hurricanes caused 9350 million U.S. dollars losses
According to the news from Havana, Cuba recently attacked the “Gustave” and “Ike” hurricane, which caused totally 9350 million U.S. dollars losses; therefore, the number nearly doubles the former estimation.

Yunnan mud-rock flow
Reporter this morning learned from Yunnan Civil Affairs Office, until yesterday, the mud-rock flow caused by heavy rains had made the death of 22 people, the missing of 45 people, and one injured. According to preliminary statistics, there have been more than 1,000 houses collapsed, 10,664 hectares of crops affected; moreover, there have damaged in varying degrees in electricity, transport, water conservancy, communications, education, health and other infrastructure of disaster areas. At present, the specific damage and economic losses are still in the survey.

The storm in Guangxi has resulted in the death of two people; the total direct economic loss has reached 490 million yuan
From the Guangxi Flood Control and Drought Relief Headquarters, since October 31, Guangxi suffered the torrential rains and floods. Until 10 o’clock on the 3rd, there have been two people killed, whereas the direct economic losses totally reached 490 million yuan.

Share/Bookmark

The Government after the Financial Crisis

Filed under: Financial News — Tags: — kinpoo @ 10:30 am -0800

Registered Capital Growing continuously
According to the latest data from China State Administration for Industry and Commerce today, the main market in China developed stably and the registered capital continued to grow.

Adjusting the Coupon Interest Rate
People’s bank of China raised interest rates for deposits and loans of financial institutions, the finance ministry annouced a report to explain the nominal interest rates’ adjustment of the 2008 certificate and the annual interest rate adjustments.

Do not neglect the Financial Turmoil,  it’s the Opportunity for Business’ Transition
China Democratic National Construction Association Central Committee, Vice-Chairman of National Standing committee of Chinese People’s Political Consultative Conference Li Dang said on 2nd that, we must not neglect the current international financial crisis.

Share/Bookmark

Copyright © 2009 ChinaFinancialDaily.com; Powered by WordPress