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...
Aeon Co Ltd, the largest retailer in Japan, announced that it will open its first Chinese convenience store in Qingdao, a coastal city in Shandong Province, the Japan Economic Times reported.Aeon will open a convenience store under the Ministop brand this summer, and plans to increase the number of its...
Hong Kong saw its retail sales decline 12.6% year on year to HK$19.9 billion in February due to the consumption expenditure shrinkage caused by the global economic recession, according to the statistics released by the Census and Statistics Department on Apr. 2.The decrease rate is far beyond the previous...
Hong Kong reached HK$25.4 billion in value of home sales last month, representing a robust month-on-month growth of 86.8%, the Standard reported, citing statistics released by the Land Registry.The number of residential transactions in March surged 58.3% from a month earlier to 7,102, the highest level in eight...
Chevron Corp, one of the world's largest integrated energy companies, acquired a 49% stake in a natural gas project in Sichuan Province for US$6 billion on Mar. 31, sources reported.The huge project, 51% owned by PetroChina<601857><857><PTR>, in an area that has the most natural gas reserves in China,...
China National Aviation Holdings Co (CNAH), parent of the country's flag carrier Air China Ltd<601111><753>, plans to set up a branch in Wuhan, the city where East Star Airlines is based, and to acquire assets from the local carrier, the Shanghai Daily reported on Friday.A spokesman for CNAH said...
The Standard Bank of South Africa (SBSA) recently opened a fully-owned non-banking consulting firm in Beijing, the capital of China, the Shanghai Securities News reported.The new firm will provide consulting services to the customers of the Industrial and Commercial Bank of China (ICBC)<601398><1398>, the...
Both sides of the Taiwan Straits work together to overcome the plummeting global economy.
A survey conducted by the City University of Hong Kong demonstrated that Hong Kong consumer satisfaction index (HKCSI) dropped 1.6% in 2008, which is the first fall after five consecutive yearly increases, sources reported. A scale of 0 to 100 has been used by the index to represent the satisfaction...
Bank of China(BOC)<601988><3988>, the nation's second-largest lender, on Wednesday signed a comprehensive strategic cooperation agreement to lend Ningxia Hui Autonomous Region RMB 60 billion (US8.82 billion) for the next five years to support the local government's energy projects, the Shanghai...