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  • November 27, 2014
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  1. Xinjiang revises tax on oil and gas output

    Posted Jun 03rd 2010, 12:00am by Eric Ng

    ... Eric Ng Xinjiang has become the first region on the mainland to revise its resources tax on oil and natural gas, which will bring the provincial government billions of yuan in extra ... and natural gas in Xinjiang will now have to pay a tax equivalent to 5 per cent of the value of their output, the Ministry of Finance said yesterday. The tax will mostly affect PetroChina, the biggest ...

  2. Beijing may extend tax on resources to western areas

    Posted Jul 08th 2010, 12:00am by Eric Ng

    ... Eric Ng Beijing plans to expand the resources tax reform from Xinjiang to all 12 western provinces to help the economically underdeveloped regions. The reform will raise tax income ... Xinjiang imposed a 5 per cent tax on oil and natural gas revenues on June 1, the Ministry of Finance said. Media reports last month suggested that Xinjiang would launch a 2 to 5 per cent tax ...

  3. Tax discounts in western regions to continue

    Posted Aug 06th 2011, 12:00am

    ... in regions such as Xinjiang and Tibet. The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation jointly issued a statement on July 27 saying they would ... of the participants are autonomous regions- Xinjiang, Tibet, Inner Mongolia, Guangxi and Ningxia- where rich natural resources are in sharp contrast to low incomes and living standards. Besides making direct ...

  4. D'Long debt soars

    Posted Mar 29th 2005, 12:00am by Elaine Chan

    ... Xinjiang-based D'Long collapsed last year after defaulting on loans and financial products sold to investors. The government ordered it to be taken over by China Huarong Asset Management. ...

  5. Gearing up for China's golden decade

    Posted Aug 03rd 2012, 12:00am

    ... of staff working days are spent outside the office,' Lo says. 'You may need to work during winter in Harbin or summer in Xinjiang. It is very challenging for some young people who prefer ...

  6. Huadian hopes to clear the air

    Posted Jun 18th 2012, 12:00am

    ... water. In Hong Kong and on mainland exchanges, these include Huaneng Renewables (down more than 28 per cent in the year to date), China Datang (19 per cent in the red), Xinjiang Goldwind (more ...

  7. China Petrochemical escapes full resource tax

    Posted Oct 15th 2011, 12:00am

    ... effect on November 1 nationwide. Analysts said a rate of 5 per cent would be imposed initially. Beijing rolled out a 5 per cent resource tax on oil producers in the Xinjiang Uygur Autonomous ...

  8. Mainland a magnet for private equities

    Posted Mar 14th 2012, 12:00am

    ... investment between 2004 and 2008. It shows that 65 per cent of private equity capital went to companies in inland provinces such as Qinghai, Xinjiang and Sichuan instead of more developed coastal ...

  9. China Insurance adds branches to meet demand

    Posted Aug 30th 2008, 12:00am by Staff Reporter

    ... established four branch offices- in Gansu, Guizhou, Inner Mongolia and Xinjiang- this year, bringing total sub-branches and marketing centres on the mainland to 428. The four new branches give Tai ...

  10. Doubts over Jingdong Mall offering

    Posted Sep 09th 2011, 12:00am

    ... week. 'I will be staying in the middle of nowhere in the Taklimakan Desert [in Xinjiang] next week,' Liu said in response to the market speculation. A spokesman for the Beijing-based ...




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