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  1. Comment - Blogs

    Beijing now offers permanent residency at a group discount of HK$125m

    Posted Feb 28th 2013, 10:41am by John Kennedy

    ... John Kennedy It's official, writes the Beijing Daily, that a hukou in the city can now be had by senior executives (and their immediate family members) of companies willing to invest at least 100 million yuan (HK$124.6 mln), or US$10 mln (HK$77.6 mln) for foreign capital investors. According to the report, 45 individuals affiliated with 14 separate firms were granted permanent ...

  2. Property - Hong Kong & China

    Getting a flat in new affordable housing project in Beijing like winning a lottery

    Posted Feb 25th 2014, 11:07am by CELINE SUN; LANGI CHIANG

    ... is not the commute- it's the slim odds on winning the right to buy. "I know the hope is very small. I still want to try my luck," said Zheng Lin, a married man working in a finance company ...

  3. Escalator firm to blame for tragedy in subway

    Posted Nov 26th 2011, 12:00am

    ... relevant technical documents in time. Guangzhou Otis and Beijing Otis, both affiliated to the US-based escalator giant Otis, have been fined 200,000 yuan (HK$244,000) each. Otis China was fined ...

  4. Beware the company you keep

    Posted Nov 20th 2010, 12:00am by Stephen Vines

    ... Stephen Vines The release from jail of Burma's most famous dissident, Aung San Suu Kyi, is problematic for China, the closest ally of Burma's military junta. For years, China has defended this brutal regime which has impoverished what was once o ...

  5. Donations fall 80pc in wake of scandals

    Posted Aug 27th 2011, 12:00am

    ... group affiliated with the Red Cross Society to court for keeping 50,000 yuan of charity-auction funds meant for his daughter's medical bills. Liu Xuanguo deputy general secretary ... donation receipts to a solar panel company even though the panels remained in the donor's warehouse instead of being distributed to mainland schools. The China Youth Development Foundation, ...

  6. Beijing to give tax break to small companies

    Posted Mar 10th 2007, 12:00am by Staff Reporter

    ... Kong, Macau and Taiwan companies, [the unified tax regime] would not be a big burden to their financial costs,' he told a media briefing yesterday. Most small firms from the three regions ... from next year until it reached 20 per cent. Mr Jin said about 60 per cent of Hong Kong, Macau and Taiwan companies operating on the mainland would fall into this category. The definition ...

  7. Rules changed to allow local governments to raise cash

    Posted Jun 22nd 2009, 12:00am by Martin Zhou

    ... governments' budgets, according to research by a State Council-affiliated think-tank. Provincial and municipal authorities wring more than half of their non-budget revenues from land sales, closely ... government debt issue left a back door open. Many local governments established so-called 'city investment' companies under its full control and use these firms as a proxy to borrow from ...

  8. Private sector to be allowed industrial investment role

    Posted May 26th 2009, 12:00am by Cary Huang

    ... yuan with the remainder coming from local authorities and state-run companies. Experts say the leaders now want to tap into the private sector. 'Policymakers realised the need for private capital investment to make up the shortfall by government and state companies,' said Yang Yiyong, deputy director of the Economic Research Institute under the Macro Economic Academy, ...

  9. In the mainland, local works best for foreign companies

    Posted Feb 13th 2006, 12:00am by Danyll Wills

    ... headquarters- Shanghai or Beijing?' The problem with this question is that it is about geography when it should be about people. Foreign IT companies have very few mainlanders in senior management ... in a public company is the value the person will bring to shareholders, then issues such as nationality, gender, colour and religion should be irrelevant. But we still tend to believe that people ...

  10. Foreign buyout companies reap huge windfalls

    Posted Dec 10th 2007, 12:00am by Staff Reporter

    ... last year. The 30 firms raised a combined US$14.73 billion. In a stark contrast, the five venture capital- and private equity-funded companies netted only 1 per cent of the amount last year, ... such as Goldman Sachs. Beijing took a harsh stance on the so-called 'special purpose vehicle' (SPV) system late last year, making it hard for foreign-invested startup companies to list shares ...




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