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Caved In Road Section Near Huaqiangbei Bus Station Being Repaired

Caved In Road Section Near Huaqiangbei Bus Station Being Repaired

A thousand families are cut off from gas supply, telecommunications and access to network after a road section near the Huaqiangbei bus Station in Futian subsided. The incident occurred near the Metro Line 7 construction site. Just after its subside the city traffic police closed the station and part of Huaqiang Road North and issued [...]

Jul 21 2014, 8:40 am | Posted in Relocation | Read More »

Construction of Expressway that Connects to Hong Kong Already on the Way

Construction of Expressway that Connects to Hong Kong Already on the Way

The planned first section of the East Transit Expressway which passes through Shenzhen and will connect the Shenzhen Shantou and Huizhou Yantian Expresways to Hong Kong has already started its construction. According to the city transport commission the road which is under construction will be a line that connect the expressway to city roads stating [...]

Jul 21 2014, 7:35 am | Posted in Featured,Investment Relations | Read More »

Shenzhen Jumped 12 Places in Most Expensive City for Expats

Shenzhen Jumped 12 Places in Most Expensive City for Expats

Based on Mercer’s 2014 survey on the cost of living that was earlier this week saw that Shenzhen have moved up 12 places from last year and became the 17th most expensive city in the world for expats. Shanghai have moved to number 10 and Beijing at 11 having jumped 4 places. Hong Kong placed [...]

Jul 18 2014, 8:37 am | Posted in Finance | Read More »

Local Government Agency Assigned to Control State Owned Firms during Reforms

Local Government Agency Assigned to Control State Owned Firms during Reforms

A local government agency will be overseeing six State owned firms that will participate in the reform process that will widen the role of the private capital plays in the massive State sector in China. The six companies are China National Cereals, Oils and Foodstuffs Corp., China National Building Materials Group, China National Pharmaceutical Group [...]

Jul 17 2014, 9:51 am | Posted in Investment Relations | Read More »

Parking Fees at Commercial Parking Spaces to be Increased

Parking Fees at Commercial Parking Spaces to be Increased

The city transport commission is planning to increase the charges at commercial parking facilities in the city. although the commission hasn’t announced the amount but emphasized the extra fees as administration charges which will be collected and used to develop public transportation. Parking facilities located at residential areas will not be affected by the price [...]

Jul 17 2014, 8:38 am | Posted in Finance | Read More »

Emerging Market Nations to Launch Bank and Reserve Pool

Emerging Market Nations to Laucnh Bank and Reserve Pool

BRICS emerging market nations is planning to launch a US$100 billion development bank and currency reserve pool in Brazil their first solid step in reshaping the western dominated international financial system. The New Development Bank is targeted to fund infrastructure projects in several developing nations that are based in Shanghai with India presiding over its [...]

Jul 17 2014, 7:33 am | Posted in Finance | Read More »

Foreign Direct Investment Up by more than 2 Percent in June

Foreign Direct Investment Up by more than 2 Percent in June

The country’s foreign direct investment inflows has increase at an annual pace of 2.2 percent for the first six months and is up modestly for June which showed a cautious investor optimism on the second largest economy of the world. The Ministry of Commerce stated that China has attracted around US$ 63 billion in foreign [...]

Jul 16 2014, 9:40 am | Posted in Investment Relations | Read More »

London to Work on Creating More Cooperation with Shenzhen in Different Fields

London to Work on Creating More Cooperation with Shenzhen in Different Fields

Several officials from UNESCO and in London have expressed their intentions to help strengthen cooperation with Shenzhen in fields that is beneficial to the city. According to Hans D’Orville the assistant director general for strategic planning for UNESCO during a meet with Shenzhen’s publicity head Wang Jingsheng that both entities will continue to do cultural [...]

Jul 16 2014, 7:35 am | Posted in Investment Relations | Read More »

Drivers Complain on Higher Costs of Using Cleaner Gasoline

Drivers Complain on Higher Costs of Using Cleaner Gasoline

Several car owners are complaining that the new gasoline which is more environmentally friendly and cleaner is driving the costs up as they notices an increase in fuel consumption. Stations in the city started selling the National V Standard last July 1 in accordance to the provincial order to use and sell cleaner fuel. Price [...]

Jul 15 2014, 7:33 am | Posted in Finance | Read More »

Rent Prices for Warehouses Increased Due to High Demand for Storage Space

Rent Prices for Warehouses Increased Due to High Demand for Storage Space

Due to a recovering exports and export oriented firms the demand for storage space in the free trade zone in Shenzhen has been on the rise for the second quarter of this year, leading to a surge in rent prices for warehouses. Average rent prices for a ware house on the free trade zone increased [...]

Jul 14 2014, 8:34 am | Posted in Investment Relations | Read More »

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