In the export-oriented Yangtze and Pearl River Delta regions, local economies have shown signs of recovery, with jobs opening up and enterprises seeking employees to help fill new orders, sources reported.Wenzhou, Zhejiang Province, for example, currently has about 100,000 job vacancies. New orders...
The Chinese government has approved the merging of Shanghai's Nanhui district into neighboring Pudong New District, which hosts most of the city's financial institutions, said Chen Qiwei, a spokesman of the local government on Wednesday. Pudong New District, established in 1990, realized a gross output...
United Overseas Bank, the second-largest listed bank in Singapore, has opened a new branch in Tianjin, one of the four municipalities in China. UOB Tianjin branch is the first branch set up by the Singaporean bank outside its Shanghai headquarters after its local incorporation two years ago. Tianjin has attracted...
The Shanghai government released a new policy about providing subsidies for car buyers Monday. They can benefit in having dual subsidies due to a local policy carried out in June. The subsidy is only provided for owners of minivans which are driven for less than eight years, light- or medium-duty...
Bank of East Asia Ltd (BEA)<0023>, the largest independent local bank in Hong Kong, is extending the residential mortgage loan tenor for old flats by up to 10 years, said Kenneth Tsin Wai-lun, head of BEA's property loans department, the Standard reported.According to Tsin, the program, which is available to...
Shanghai will issue travel coupons worth RMB 900 million to local residents and tourists in Shanghai, Jiangsu Province and Zhejiang Province, source reported.A total of 310,000 pamphlets of consumption coupons will be issued by the Pudong New District during the Apr. 28~30 period. Tourists with these...
Eastern China's Zhejiang Province, experienced narrowing declines in its exports and imports in March, the official Xinhua News agency reported, citing recent statistics released by the local customs.Zhejiang's export value in March fell only 8.9% year on year to US$9.81 billion, compared with the 38.3% year-on-year...
Anheuser-Busch, the world's second-largest brewer, will spend an initial US$40 million this year to complete the first phase of a new brewery project in Fengnan District, Tangshan City, Hebei Province, according to the local Commercial Bureau.When the first phase of construction is complete, the facility will...
Shanghai human resources and social security bureau unveiled a new policy last week, which allows local residents under 35 to apply for a government-guaranteed one-year loan of up to RMB 100,000 if they can provide a feasible business plan.The move is part of the municipal government's efforts to provide...
The Hong Kong Tourism Commission will invest HK$50 million to improve local resorts, said Yvonne Choi, Hong Kong's Permanent Secretary for Commerce and Economic Development, on Tuesday, the official Xinhua News reported. Choi spoke about the budget for the new fiscal year at the Legislative...