RMB Cash Exchange Operation in Taiwan
The reporter learned from Taiwan Financial Institution on Oct.4 that since June 30, Taiwan banks total brought 665 million RMB and sold 1010 million RMB. The transaction volume has been over 1600 million RMB.
Taiwan sets up AC LED Applications Research Alliance
The news from ChinaByte Net on Oct.4 that China Taiwan AC LED Applications Research Alliance has formally been established, which aims at the LED lighting market.
“Food Capital of Asia”: Hong Kong
Hong Kong Obtains 38.6 billion Hong Kong dollar for total restaurant receipts in the first half of this year.
Another Three Hong Kong Banks Raise 0.5% Mortgage Interest Rate
News from Xinhua Net on October 3 that after HSBC, Bank of China, and other firms recently raised mortgage interest rates, Another three Hong Kong banks announced on the 3rd to raise 0.5% mortgage interest rate, they are Citigroup, DahSing, and MEVAS.
Data from National Development and Reform Commission (NDRC)
NDRC: Proportion of Investment in Middle and Western Regions Increases
The National Development and Reform Commission (NDRC) recently announced the investment data: from January to August, the proportion of investment in Chinese middle and western regions was 48.6% in the whole fixed assets investment in China, which increased 1.8 percentage points compared with the same period last year.
From January to August, Fixed Assets Investment Proportion Growth Rate in China
The Statistics released by NDRC showed that from January to August the fixed assets investment in eastern China was increasing 22.6% compared with the same period last year, the middle part of China rose 35.3% while western China increased 29.1% compared with the same time last year.
Fan Gang: China will not cut the interest rate but may loose mortgage and commercial loan
Leader of National Economic Research Institute, Fan Gang said that considering the current inflation, there was little space to adjust the monetary policy. However, to loose the mortgage and commercial loan was quite viable to the credit from small enterprises. Moreover, he said China would probably expand the scope of the export tax rebate.
Real Estate Policy will probably be loosen at the End of this Year
Recently, the real estate market appears abnormal decline, while the housing prices begin to be involved into the quagmire. So the experts expressed their opinion on when would untie the real estate industry. Moreover, they predicted that “9 • 27″ second mortgage policy may be adjusted at the end of this year or in the early of next year.
CEEMA proposed to adjust the real estate market policy and put forward four measures
As to the China real estate condition, China Real Estate Enterprises Management Association (CEEMA) recently sent a letter to Ministry of Housing and Urban-Rural Development of People’s Republic of China (MOHURD), this letter required to adjust current tightening control policy in real estate, which pointed out the real estate market prices and decreased trading volume would influence on the national economy in two sides, so it proposed a “rescue” with four measures.
Other News:
Latest Market Analysis from well-known Institution: Domestic Steel Prices continue to decline
According to well-known domestic iron and steel information institution, the domestic steel prices continue the trend of sharp decline in the last week (Sept. 19-26), which created the new low since April this year.
EU plans to revise Banking Laws and Regulations to avoid the repeated Financial Crisis
The European Union put forward a legislative proposal on October 1, 2008 to amend the existing EU banking regulations, strengthen bank capital requirements, and enhance cross-border supervision so as to avoid the current financial crisis appearing in the future.
Differences among Three Major Institutions
The data revealed that there were differences among three major institutions last week: the funds were going short as a whole, insurance capital continued to cautiously open positions in financial stocks, while QFII were actively bottom fishing the blue chip stocks and industry leading shares.
Placard of China Financial Futures Exchange
China Financial Futures Exchange issued the placard to clarify that they had not discussion on the listing time of index futures.
US Government Take-over Two Mortgage Loan Institutions
Aiming at two mortgage finance institutions being in hot water, the United States announced a series of measures, which is the largest financial rescue plan for the US beyond the memory of men.
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