When the government begins loosening its restrictions on property measures, CBRE Global Investors may make its first investment in China’s housing projects. The world largest commercial real estate brokerage has already mediated talks with its Chinese partners and local governments in it plans to purchase a site for its residential development projects. This year, China [...]
Local governments of several Chinese coastal cities are offering further incentives to equity investment enterprises, as private equity (PE) investment has emerged as one of the most important capital-raising avenues for small and medium-sized enterprises in those areas. Shenzhen: PE Development Fund In order to offer various fiscal incentives to PE funds, Shenzhen established a [...]
The city bureau of public works will be unveiling the design for the Universiade flame tower square that is located on the shores of Shenzhen Bay. The bureau has already finished public consultations that were done for the initial design for the tower and has already made changes according to public opinion and suggestions. In [...]
Starting from January 1, 2011, enterprises which develop their own software products or redesign imported software products can have part of their value-added tax (VAT) refunded, said China’s State Administration of Taxation (SAT) and Ministry of Finance recently. Nationwide VAT refund on software products According to the “Circular on VAT Policies for Software Products (caishui [...]
In an agreement signed by a delegation from the Shenzhen and Argentine governments, Shenzhen automaker BYD will soon be supplying electric buses and taxis to Argentina. Argentina was the last stop of a three country tour by the Shenzhen delegations, which was led by Shenzhen Mayor Xu Qin. Their previous two stops included the United States and Brazil. The [...]
Property prices in 100 major cities have fallen 0.23 percent in October, the biggest decline this year after a 0.03 percent slide in September. A survey of property developers and real estate offices reported that the average price of a home in October was lower. The survey showed that in September the price for a [...]
Shenzhen was approved by China’s National Development and Reform Commission and the Ministry of Commerce to be the first e-commerce model city in September 2009, following the State Council’s issuance of “Certain Opinions on Accelerating the Development of E-commerce (Guobanfa [2005] No. 2)” in 2005, which provided general guidance for the development of e-commerce in [...]
Shenzhen will implement more comprehensive reforms to help further establish the Longhua and Dapeng new zones. Longhua, Dalang, Guanlan and Minzhi subdistricts in the Bao’an district will be cover by Longhua new zone, while Dapeng, Nan’ao and Kuichong subdistricts in the Longgang district is under the Dapeng new zone. The establishment of the two new [...]
Major companies and institutions in Shenzhen have signed agreements to invest in five deals with their U.S. counterparts to further deepen cooperation in education, bio-pharmacy, exhibitions and alternative energy vehicles. Shenzhen automaker, BYD already opened their North American headquarters in Los Angeles that will create an additional 150 jobs. BYD also signed a partnership with [...]
China’s CNR Corporation, a state-owned enterprise that manufactures trains, is having to issue RMB2 billion in one-year bonds in order to finance debt it is owed from the Ministry of Rail, according to the South China Morning Post. CNR, who are listed in Shanghai, had a negative second quarter in 2011, resulting in an operating [...]
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