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September 24, 2008

Stock,Bonds & Finance

Filed under: Financial News — Tags: , , , — Nancy @ 9:31 pm -0700

Stock Exchange amend the Rules to shorten the ban on the “window period” of shareholding into Ten days
Shanghai and Shenzhen Stock Exchange amend the rules to shorten the ban on the “window period” into ten days for controlling shareholders to increase the share holding, so that the shareholders could conveniently increase the share holding.

Rumor for Bank of East Asia
Rumor that Bank of East Asia has poor financial situation, so there is a run on the bank; however, its management came out yesterday to clarify the rumor.

Application on purchasing Asset and Connected Transactions
China North Optical-Electrical makes an application on issuing shares to specific object to purchase asset and connected transaction, and the application has been approved.

Lot Winning Rate Bulletin for Jiangxi Copper
The proportion of online success rate and offline placing for Jiangxi Copper bonds has been respectively confirmed to be 1% and 1.2105%.

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Provinces, Municipalities and Mutonomous Regions

Filed under: Financial News — Tags: , , — Nancy @ 7:14 pm -0700

Tianjin: from Oct 1st on, there must a be collective bargain for paying workers
Tianjin Xinhua channel reported on September 24th, Tianjin municipal government promulgated the “Tianjin collective wage negotiations”, which will be held on October 1st. On 23rd, Tianjin Labor and Social Security Bureau Director, Zhang Han made a detailed interpretation for specific policy in the new regulate, which enterprise, trade unions concerned about.

In the disaster areas there will be a resumption of commercial outlets loan interest subsidies
(reporter Gu Xiaoyu)It is reported that to support the earthquake-stricken area quick resumeing business network business to ensure the basic needs of people in the disaster areas, yesterday, the Ministry of Finance, the Ministry of Commerce jointly issued a circular to bear on the earthquake-stricken area to restore and protect the commercial outlets in the market and gave the task of freight and business loans interest subsidies.

The Second Asian manufacturing industry forum today opened in Shenyang
(reporter Gao Xiaohong and apprentice Su Sha)It is reported that the second “Asia Forum, the manufacturing sector” will be held Sept. 24-25,in Shenyang.The Forum will for the first time honor Asiatic well-known enterprises and benchmarking enterprises, Chinese manufacturing city, amd hold the “2008 Stars of Asia”, “Asia 2008 Chau Award for Enterprise, “” 2008 Chinese manufacturing city “awards ceremony,and the Shenyang Machine Tool Group was awarded the” 2008 Asia Award for Enterprise,Shenyang City was awarded the” 2008 Chinese manufacturing city. ”

Summer Davos Forum, the first invitation of the world’s more than 50 young scientists attending the meeting
Xinhua.com in Tianjin on September 24th reported (reporter Liu Yuanxu), Tianjin is about to begin in the summer of 2008 Davos Forum, for the first time to invite the world in the areas of more than 50 outstanding young scientists to explore new and innovative technology, as well as the future industrial development and corporate strategy impact.

Xinjiang’s first foreign-funded banks Bank of East Asia opened
It is reported from Urumqi that, after six months of intense preparations, Bank of East Asia (China) Co., Ltd. of Urumqi branch recently officially opened in Urumqi.

Profile of 973 Program
The National Basic Research Program (also called 973 Program) is China’s on-going national keystone basic research program, which was approved by the Chinese government in June 1997 and is organized and implemented by the Ministry of Science and Technology.

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Department & State Finance

Filed under: Financial News — Tags: , , , , — Nancy @ 7:04 pm -0700

Wen Jiabao: China is willing to work with the international community to deal with financial turmoil
Chinese Premier, Wen Jiabao arrived in New York on 23rd to attend the 6th UN high-level meeting on the Millennium Development Goals (MDGs)on Sept 25 and the general debate of the 63rd session of the UN General Assembly, Foreign Ministry spokeswoman Jiang Yu told a regular press conference.

Notice of matters on the regulate with regard to the payment of using the sea derating and so on
Since Ministry of Finance, the State Oceanic Administration issued “the regulate with regard to the payment of using the sea derating”(Finance Unite〔2007〕serial number 10), financial departments at all levels, marine administrative departments have been earnestly implementing it, so the use of waters of the management fee payments has been increasingly normative.

Monitor of State Territory firstly tested in Shanghai with new policy of controlling land increasment and forcing to save
A “joint protection of the scientific development of the Shanghai Land Administration’s pilot program of the new mechanism”(Hereinafter referred to as “pilot program”), will once again doomed to Shanghai to the national forefront of the regulation and control of land.

The central bank issued 100 billion yuan bank notes on 23rd
Xinhua News: on 23rd, the central bank, by way of price tender, issued the 108th notes of the central bank in 2008, issued 100 billion yuan, for a period of 1 year, and the issue price of 96.15 yuan, the reference yield of 4.0042 percent.

Commerce Department: agricultural products, food prices continue to fall
According to the report from Xinhua News Agency in Beijing on Sept 23rd that the ministry of Commerce, who runs the market regulator, issued business orecasting. Last week, in 36 large and medium-sized cities all over the country, the price of agricultural products focused on monitoring fell 0.4 percent than that of one week ago. In 57 kinds of major commodities, there are 34 species with ring-week price falling, more 5 than last week.

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