Other Briefings
Chinese banks strengthen reserve ratios
China reserve requirement ratios now 5.5 percent higher than U.S. norm By Chris Devonshire-Ellis BEIJING, Mar. 21 – The Chinese government has announced its 15th increase since mid 2006 of the minimum reserve ratio deposit lenders must hold in reserve, to a record high of 15.5 percent. This compares to the United States, reeling from […]
Mixed views on proposed London and Shanghai steel futures markets
Shanghai left standing as London takes the lead Mar. 21 – Targeting China’s producers and traders, the London Metals Exchange (LME), the world’s largest trading house of non-ferrous metals, has announced it will go live next month to sell futures contracts in steel The announcement has confounded plans by the Shanghai futures exchange to sell […]
Income tax on securities trading exempted
Mar. 21 – In a move aimed at boosting the current gloomy stock market, China will not levy a tax on corporate earning from securities trading at the moment. Income from stock and bonds trading by securities investment funds will be free from corporate income tax for the time being said a statement released by […]
Ningbo Port set to join global heavyweights
Port invests US$3.5 billion for international expansion over next three years Mar. 20 – The Ningbo Port Group, based in the eastern city of Ningbo, just 90 minutes from Shanghai, has announced aggressive expansion plans including a US$600 million investment into an unspecified European port complex, its chairman Li Linghong stated. The group, which has […]
Shenzhen to open Nasdaq-style stock market
Beijing set to approve second board for Chinese SMEs By Chris Devonshire-Ellis Mar. 19 – The China Securities Regulatory Commission (CSRC) is set to begin reviewing listing applications for listing on the new Nasdaq-styled second board in Shenzhen, according to its chairman Shang Fulin. This begins the process of the long-awaited second board development, and […]
Ministerial meetings with Indian government
China – India investment questions and comparisons to be raised Mar. 18 – The Senior Partner of Dezan Shira & Associates, Chris Devonshire-Ellis, who publishes China Briefing, India Briefing and the emerging Asia website 2point6billion.com, will meet next week with Kamal Nath, the Indian Minister of Commerce, and Mr. P. Chidambaram, the Minister of Finance, […]
The JV vs. WFOE debate – Choosing between the options
Regulatory environment and existing partner infrastructure key decision drivers By Chris Devonshire-Ellis Mar. 18 – Recent comments on our and various other sites recently have sparked debate about the suitability of Joint Ventures and Wholly Foreign Owned Enterprises (WFOEs) as investment vehicles for foreign investors in China. While such debate has ranged from the somewhat […]
Shanghai port trade up 20 percent
SHANGHAI, Mar. 17 – Foreign trade in East China’s Shanghai port rose 20.3 percent year-on-year to US$91.06 billion in the first two months of 2008, according to Customs statistics. The figure accounted for 24.9 percent of the country’s total trade value of US$365.93 billion from January to February. Exports climbed 17.2 percent, 20.7 percentage […]
