China Financial Daily

May 31, 2009

Dalian focus on building a service-oriented government

Filed under: Financial News — Tags: — lily @ 5:49 am -0700

Dalian focus on building a service-oriented government
A few days ago, Intel IT Data Center Dalian factory put into use the engine room, the first wafer transfer equipment is being installed. Intel’s Dalian plant is the introduction of China’s Dalian 30 years of reform and opening up the biggest foreign high-tech projects. Ko, general manager of Intel’s Dalian plant Bijie said that despite international financial crisis, the Intel investment in the global slowdown, but the commitment to a total investment of six billion U.S. dollars “to bring world-class factory in Dalian,” the goal remains unchanged, the recruitment of 1500 in Dalian high-tech employees remains unchanged.

Dalian is China’s old industrial bases in northeast earliest cities opening to the outside world, there are more than 13,000 foreign-invested enterprises, there are 88 Fortune 500 companies in Dalian to invest in 200 projects, with an accumulated actual utilization of foreign investment over 300 billion dollars. How to simplify the administrative examination and approval procedures, standardizing the construction of a clean and efficient government? Dalian City in recent years have been carried out 4 times a significant reduction of the administrative examination and approval projects, from the initial reduction in 1309 to 116 now. In order to cope with the international financial crisis, the composition of this year, the Dalian municipal government administrative service fees, clean-up a leading group with 400 they have received an informal discussion units have complete control of the county district and fees, a clean-up work, decided to cancel and stop the administrative fees and charges 65. According to estimates, Dalian City has decided to cancel and stop the 65 administrative fees, direct reduction of the financial year 238 million yuan.

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Accelerate the development of the economic characteristics of Qinghai

Filed under: Financial News — Tags: — lily @ 5:06 am -0700

Accelerate the development of the economic characteristics of Qinghai
This year, for the international financial crisis caused by the adverse effects of the Qinghai provincial government to revitalize industries make full use of national planning policy guidance, and give full play to comparative advantages, to plan the implementation of a number of circular economy, new materials, light metal, silicon materials, solar energy characteristics, such as projects, speed up the development of Tibetan carpet, national costumes, special industries, such as in medicine, to ensure the realization of the objectives of economic and social development throughout the year.

Held in April at the 105th Canton Fair, the exhibition, including highland barley wine Qinghai, Tibetan medicine, Tibetan Carpet strong local characteristics, such as 7 major categories of 58 kinds of products, attract a large number of Chinese and foreign guests to come to the signing. In the just-concluded “2009 Qinghai, China Investment and Trade Fair”, the highlight feature of the new Qinghai energy, new materials 14.711 billion yuan of total contract, or contract-type 52.87% of the total contract.

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Bank IPO proceeds to prepare emergency management may be less than two years ago

Filed under: Financial News — Tags: — lily @ 5:04 am -0700

Bank IPO proceeds to prepare emergency management may be less than two years ago
According to financial weekly reports, a few months ago from the gate opening of the GEM, the resumption of the current IPO and capital market trends affect the funding of the neural parties.

By the end of 2007 to early 2008, commercial banks purchase of new financial products have great heat. Purchase new products at that time due to “risk-free arbitrage” easy access to up to 10% rate of return, so by holding.

However, after the financial crisis struck, is no longer booming, new investors to purchase products that gradually fade out of sight. In fact, the commercial banks to play new structure set up in some type of financial asset management products. Once the market turns for the better, those funds into a flexible set of products.

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