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China Telecom Mobile Sales Pushes Revenue to Record High

China Telecom Mobile Sales Pushes Revenue to Record High

One of the smallest mobile network operators in China, China Telecom Corp. has reported a 18 percent increase in the fourth quarter profit after mobile sales has pushed quarterly revenue to a new record high. Around half of the company’s subscribers have signed up to its third generation or 3G network contracts compared to the [...]

Mar 20 2014, 9:22 am | Posted in Investment Relations | Read More »

Insurance Firm to Give Out Subsidies for Pollution Related Illness

Insurance Firm to Give Out Subsidies for Pollution Related Illness

A local Chinese firm recently released a new health insurance which focuses on smog, which some are saying will be the first of its kind in the country that compensates a person that is made ill by the air pollution of up to 1,800 yuan. The product rolled out once the Beijing was ranked among [...]

Mar 20 2014, 8:37 am | Posted in Finance | Read More »

China Starts Direct Trading with New Zealand

China Starts Direct Trading with New Zealand

Premier Li Keqiang along with New Zealand Prime Minister John Key jointly announced the start of a new direct trading between New Zealand and Chinese currencies yesterday. The much awaited move to trade the two currencies means that the kiwi has joined the ranks of the Australian dollar, Japanese yen and US dollar as one [...]

Mar 20 2014, 7:32 am | Posted in Investment Relations | Read More »

Foreign Enterprises Express Concerns on Registering in Guangdong

Foreign Enterprises Express Concerns on Registering in Guangdong

Local media already did a series of reports on the time consuming and lengthy process that foreign funded enterprises have to undergo just to get registered in the province. Wang Yang, Guangdong Party Secretary has said that the province must create an excellent business environment so the province can keep up with advance global practices. [...]

Mar 19 2014, 10:32 am | Posted in Investment Relations | Read More »

Shenzhen to Increase Cooperation Ties with Saint Entienne

Shenzhen to Increase Cooperation Ties with Saint Entienne

The city vice mayor has expressed the willingness of the city to increase its collaborations with Saint Etienne a city in France during a meeting yesterday morning. Vice Mayor Wu Yihuan hopes that both cities will carry out several more projects that involves creative design and talent exchanges while meeting the vice mayor of Saint [...]

Mar 19 2014, 8:35 am | Posted in Investment Relations | Read More »

Financial Index Ranks Shenzhen in 19th Place in Global Rankings

Financial Index Ranks Shenzhen in 19th Place in Global Rankings

In just six months time Shenzhen has moved up at least nine places to ranked 18th in the Global Financial Centers Index that recently released by a non profit global business consultancy. Among the Chinese cities only Beijing, Shanghai and Shenzhen have ranked among the 83 ranked financial centers in the world. Shanghai ranks 20th [...]

Mar 19 2014, 7:29 am | Posted in Investment Relations | Read More »

Shortage of Workers Seen after Wake of Spring Festival

Shortage of Workers Seen after Wake of Spring Festival

Shenzhen is still facing a shortfall of 250,000 since the wake of Spring Festival, and still more companies are in dire need for general workers and labor shortage are still felt in in the areas of manufacturing, catering and retail industries. Seventy percent of the city’s labor intensive enterprises are still suffering a labor shortage. [...]

Mar 18 2014, 10:24 am | Posted in Human Resources | Read More »

City Advisers Pushes Importance of Garbage Classification

City Advisers Pushes Importance of Garbage Classification

City political advisers are pushed the importance of separating kitchen waste from other domestic garbage during a open panel discussion at the Book City CBD Store in Futian. One adviser said that kitchen waste when mixed with other recyclable garbage will only pollute it if not separated properly. And by doing trash classification more recyclable [...]

Mar 18 2014, 7:33 am | Posted in Quality Control | Read More »

Qianhai to Start Road and Underwater Tunnel Project

Qianhai to Start Road and Underwater Tunnel Project

A 7.2 kilometer road and tunnel project that will link the Dachanwan Tollgate of the Shenzhen Guangzhou Riverside Expressway in the north and the Yueliangwan in the south as construction is planned for next year. A traffic improvement plan is created for the Qianhai area and is issued by the transportation commission stated that the [...]

Mar 17 2014, 10:37 am | Posted in Investment Relations | Read More »

Central Bank Doubles the Value of the Yuan Trading Band

Central Bank Doubles the Value of the Yuan Trading Band

Last Saturday the central bank has loosen its hold on the yuan by doubling the daily trading range of the currency, which added more bite to its promise to allow market forces to play a much greater role in the economy and the market. The People’s Bank of China stated that the exchange rate allows [...]

Mar 17 2014, 7:42 am | Posted in Finance | Read More »

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