China’s Economic kept moving on and adjusting
The data from National Bureau of Statistics showed that the GDP of the national economiy in the first three quarters of China is up to 20.163 biliion yuan, and increased 9.9% compared to the last year but dropped 2.3 percentage points.
China and ASEAN Countries join hands to deal with the Global Financial Crisis
In the face of the United States spreading financial crisis, the international financial market volatility has increased significantly, and the world economic growth has been slowly.
Polish Prime Minister said the two Countries will take the lead out of the Shadow of the Global Financial Crisis
Polish Prime Minister Donald Tusk said on the 22nd recently, both China and Poland are taking place in the current global financial crisis and will be the first lead out of the shadow of the crisis.
Association of small and medium Enterprises: China is actively cope with the Financial Crisis on SMES
Secretary-General of China Association for small and medium enterprises, Sun Xiuchun said on 22nd in Qingdao that, China’s SMES in general have been affected by the continued spread of the current global financial crisis. Mainly in Yangzi River Delta Region and Pearl River Delta Region.
Ernst & Young Luo YIzhi: the Financial Crisis became the good Opportunity for Overseas M&A
Ernst & Young Luo Yizhi said in “ICT Forum 2008 in China” , the Global Telecommunications Center partner, the financial crisis is a good time for the operators to overseas M&A. He said, in the long term the domestic carriers should study in-depth of the financial crisis, as well as changes in the telecommunications industry affected by the global economic, and then sdjust their business strategies, business plans, business model and so on.
Panzhihua Vanadium steel, and other assets restructuring will be examined on October 24th
Panzhihua Vanadium Steel, Chongqing climbing Titanium, the Great Wall shares were then told by the China Securities
Regulatory Commission: the Commission re-examine of China Securities Regulatory Commission, mergers and acquisitions of listed companies on October 24 will examine the three major asset restructuring company.
Panzhihua Iron and Steel line up against, so the recent market as a whole answer is about to be announced
A row in early August hit the market plunged, “the Department of Panzhihua Iron and Steel,” whose three listed companies, as a result of Anshan Iron and Steel Group on August 15 and September 10 announcement two holdings, “the Department of Panzhihua Iron and Steel” shares, with the result that Pangang three vanadium steel, the Great Wall Chongqing Titanium and shares climbing trend of exceptional growth.
Waiting for the reorganization of the Department, Panzhihua Iron and Steel three-pronged suspended today
Notice shows that “the Department of Panzhihua Iron and Steel” three shares will be resume trading after the results of the audit notice. At the same time, and more than three M & A notice in a timely manner will be re-examined the results of the audit committee.
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Rong Zhijian of CITIC Pacific eperienced the accountability storm
Foreign exchange is with an exposure of loss of 14.7 million. Shares price yesterday were cut off, and Rong’s daughter got a demotion action. “Foreign exchange of investment lost 14.7 billion Hong Kong dollar,” when the news came out, immediately CITIC Pacific stock price started a fall.
Hong Kong Securities and Futures Commission issued a statement: CITIC Pacific Affairs will be investigated
On 22rd Hong Kong Securities and Futures Commission issued a rare statement: CITIC Pacific will have the affairs of the investigation, but declined to disclose details.
CITIC Pacific’s loss has not yet bottomed out, with leveraged foreign exchange contracts detailed terms of the devil
“Facts have proved that those who bought a mini Lehman debt were not the only woman to be drawn by the structural financial instruments.” Early morning of Oct. 21, a Hong Kong retail investors, called as “watchdog”, David Webb said in a reporter to the Newspaper of the latest article.
CITIC Pacific lost nearly 2 billion U.S. dollars, and Rong Zhijian’s daughter involved in the case which would be punished
Xinmin Evening News-Xinmin Network reported: on October 21rd, according to Radio Television of Hong Kong reported that CITIC Pacific Managing Director Fan Hongling said CITIC Pacific Chairman Rong Zhijian’s daughter, Rong Mingfang suspected of foreign exchange trading losses as a result of disciplinary action.
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