The China Securities Regulatory Commission (CSRC) closed over 20 million dormant A-share stock accounts from the country's trading system since Monday, Xinhua reported (in Chinese). The closed accounts were those with less than RMB100 (US$13) in cash balance, no securities balance and had made no transactions for three years. The closed accounts comprise nearly one-sixth of […]
Category: Economics & Trade
China's chief planning agency, National Development and Reform Commission (NDRC), has released import tariff quotas for grain products for 2008, Xinhua reported (in Chinese). The import quotas are set at 9.64 million tons of wheat, 7.2 million tons of corn, 5.32 million tons of rice and 894,000 tons of cotton. State-owned enterprises will be granted 90% […]
[photopress:c_pratt.jpg,full,alignright]Swire Pacific is looking at undertaking more property development projects in mainland China. The chairman of Swire’s Christopher Pratt, was quoted by Sing Tao Daily in The Standard (they are sister publications) as the source for this report. Christopher Pratt, seen here, said, ‘We’ve got offices and people in China looking at opportunities.’ The conglomerate, […]
[photopress:hotels_fatburger.jpg,full,alignright]In a sense this is bad news. Fog Cutter plans to open a Fatburger in Beijing at Solanain April 2008. Fatburger plans to have approximately 25 locations in China by the end of 2010, all company-owned. Like who needs a new fast food joint called Fatburger? The menace is in the name. It is a […]
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Coral QQ author arrested
[photopress:IT_qq_buddy_list.gif,full,alignright]Chen Shoufu, the author of Coral QQ, a popular IM add-on, was arrested for infringing on Tencent’s intellectual property. Tencent QQ, the dominant IM service in China, annoys some users by serving up ads and keeping contact locations secret. By installing Coral QQ, users can block QQ’s ads and, important this, see the IP address […]